Active Cosmetic Ingredients Market Scope
Active Cosmetic Ingredients are the ingredient in a product that is designed to address the skin concern it's meant to target. There are many active ingredients are present in the market which is used for various purposes such as providing moisture to the skin, sun protection, and anti-aging effects. This type of ingredient is used in various applications such as sunscreen, hair care, personal care, home care, etc.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Ashland (United States), Croda International Plc (United Kingdom), Clariant (Switzerland), Dow (United States), DSM (Netherlands), Evonik (Germany), Momentive (United States), The Lubrizol Corporation (United States), Solvay (Belgium) and Wacker Chemie AG (Germany) |
CAGR | % |
The global active cosmetic ingredients market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the active cosmetic ingredients market is intense. The manufacturing companies investing in launching and introducing new active ingredients in the market. The player is participating in strategic activities like mergers & acquisitions to enhance their market presence
BASF SE (Germany), Ashland (United States), Croda International Plc (United Kingdom), Clariant (Switzerland), Dow (United States), DSM (Netherlands), Evonik (Germany), Momentive (United States), The Lubrizol Corporation (United States), Solvay (Belgium) and Wacker Chemie AG (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Active Cosmetic Ingredients market by Type , by Application (Haircare, Personal care, Skincare and Others) and Region with country level break-up.
On the basis of geography, the market of Active Cosmetic Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On June 15, 2021, Evonik has signed a purchase agreement to acquire the privately-owned technology-driven company Infinitec Activos, with closing expected by July. The Spanish company focuses on the development and production of novel active delivery systems for cosmetic active ingredient applications. Infinitec Activos will be integrated into the Care Solutions business line of Evonik’s Nutrition & Care division complementing the active delivery systems acquired in 2017.
On January 14, 2020, BASF launches new skincare active ingredients for personal care products that moisturize and soothe the skin. BASF will also be showcasing its range of active ingredients for makeup formulations. Hydagen Aquaporin and Hydrasensyl Glucan moisturize the skin. Inolixir aids healthy skin with a dual-action approach.
“According to the FDA, an active ingredient is any component that provides a pharmacological activity or other direct effects in the diagnosis, cure, mitigation, treatment, or prevention of disease, or to affect the structure or any function of the body of man or animals.”
Influencing Trend:
Rising Popularity of Active Cosmetic Ingredients for Anti-Aging and Skin Whitening
Market Growth Drivers:
Emerging Skin Concern in The World and Growing Demand for Skin and Hair Care Products
Challenges:
Market Presence with Numerous Players Pose a Challenge for Active Cosmetic Ingredients
Restraints:
Regulatory Guidelines Associated with Active Ingredients May Restraint Market Growth
Opportunities:
Increasing Use of Beauty and Cosmetic Products in the countries creating huge Opportunities for Active Cosmetic Ingredients Market
Key Target Audience
Active Cosmetic Ingredients Manufacturers, Active Cosmetic Ingredients International Traders, Active Cosmetic Ingredients Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others