Cosmetic Antioxidants Market Scope
Antioxidants are very useful active ingredients for the manufacturing of cosmetics. Generally, antioxidants interrupt oxidation reactions and prevent the effects of oxygen radicals such as peroxides both processes known to damage the integrity and function of various natural elements. Antioxidants are useful in two ways first, they prevent degradation of natural ingredients like proteins, sugars and lipids in the cosmetic product. On the other hand antioxidants defend the skin cells from being damaged and slow down the aging process. Antioxidants have been shown to boost the skin's radiance, minimize age spots, fine lines, and sun spots.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Koninklijke DSM (Netherlands), Wacker Chemie (Germany), Eastman Chemical Company (United States), Lonza Group (Switzerland), Croda International (United Kingdom), Ashland Global Holdings (United States), Evonik Dr. Straetmans (Germany), SEPPIC (France) and BTSA Biotecnologías Aplicadas (Spain) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States and German Vendors will contribute to the maximum growth of Global Cosmetic Antioxidants market throughout the predicted period.
BASF (Germany), Koninklijke DSM (Netherlands), Wacker Chemie (Germany), Eastman Chemical Company (United States), Lonza Group (Switzerland), Croda International (United Kingdom), Ashland Global Holdings (United States), Evonik Dr. Straetmans (Germany), SEPPIC (France) and BTSA Biotecnologías Aplicadas (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kemin Industries (United States) and Barentz International (Netherlands).
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 Cosmetic Antioxidants market by Type , by Application (Skin Care, Hair Care and Makeup) and Region with country level break-up.
On the basis of geography, the market of Cosmetic Antioxidants 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 2023.
Market Leaders and their expansionary development strategies
In November 2023, DuPont Nutrition & Biosciences launched its new Howaru® Protect 008 antioxidant, a natural blend of rosemary extract and tocopherols for use in various cosmetic applications.
The cosmetics marketed in the United States, whether they are manufactured in United States or are imported from abroad, must comply with the labeling requirements of the Federal Food, Drug, and Cosmetic (FD&C) Act, the Fair Packaging and Labeling (FP&L) Act, and the regulations published by the Food and Drug Administration under the Authority of these two laws.
Influencing Trend:
Increasing Adoption of Personal Care and Beauty Care Products
Market Growth Drivers:
Rising Demand for Anti-Aging Cosmetics and Personal Care Products and Rising Disposable Income and Changing Standard of Living of Customers
Challenges:
Stringent Government Regulations Regarding Cosmetic Antioxidants and Rising Concerns Over Use of Synthetic Antioxidants
Restraints:
Lack of Advanced Medical Treatments in Developed Countries and High Cost of Natural Antioxidants
Opportunities:
Rising Demand for Male Cosmetics Products
Key Target Audience
Manufacturers of Cosmetic Antioxidants, Suppliers of Raw Materials, Wholesalers, Distributors and Retailers of Cosmetic Antioxidants, Cosmetic Industry, Governmental Bodies, Cosmetic and Personal Care Manufacturers, Associations and Industrial Bodies and Research Firms