Market Size – USD 131.5 Million in 2020, Market Growth – CAGR of 6.10%, Market Trends – The advent of eco-friendly cosmetic antioxidants.
NEW YORK CITY, NEW YORK, USA, July 27, 2022 /EINPresswire.com/ — The Global cosmetic antioxidants market is expected to reach $212.8 million by 2028, according to a new report from Reports and Data. Cosmetic antioxidants are specialized ingredients that protect skin cells from damage and also slow down the aging process.
The rate of air pollution is increasing due to industrialization and urbanization all over the world. Air pollution causes premature skin aging, dryness, wrinkles, acne, pigmentation, cell damage and hair loss. The increase in health problems caused by air pollution has encouraged young and old people to use antioxidant cosmetics. Antioxidant cosmetics protect the skin from UV rays and other harmful air pollutants. The price of natural antioxidants is very high, which is holding back the cosmetic antioxidant market.
The factors mentioned above collectively generate opportunities for market growth, while factors such as adverse effects of synthetic cosmetic antioxidants pose limitations in the market. However, each factor would have a definite influence on the market during the forecast period. Constant developments in the cosmetic antioxidant market through innovative efforts have improved the effectiveness of cosmetic antioxidants.
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Other key findings from the report suggest
Skin care held the largest market share of 31.7% in 2018. The skin care segment is accelerating because people across the globe are facing skin care issues due to the increasing air pollution. Sunscreen is a very famous antioxidant cosmetic for skin care available in the market to protect the skin from UV rays. This product is seeing huge market growth globally as it is used by all age groups.
Hair conditioner is estimated to experience the highest CAGR of 7.8% during the forecast period. This segment is driving the market as hair conditioning products help protect hair from pollution damage. It helps maintain hair quality and prevent hair loss. Countries like Japan, India and China are the biggest manufacturers of hair conditioning products.
Natural antioxidants held the largest market share of 56.7% in 2018. The natural antioxidant market is growing as it is made up of natural products like vitamins, oils, and minerals. There is a sudden demand for herbal products as they have no side effects.
Asia-Pacific is expected to witness the highest CAGR of 8.2% during the forecast period. This region is highly populated, along with the economic growth and urbanization of the population, which is increasingly aware of the skin care products that are driving the antioxidant market in this region.
Main participants BASF FE, Archer Daniels Midland Company, Frutarom Ltd, Kemin Industries Inc., EI Du Pont De Nemours and Company, Nutreco NV, Eatman Chemical Company, Camlin Fine Science Ltd., Koninklijke DSM NV and Nutreco NV, among others.
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Segments covered in the report:
Source Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018-2028)
Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018-2028)
To put on makeup
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South East Asia
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