A recent report published by Infinium Global Research on the cosmetic antioxidants market provides an in-depth analysis of segments and sub-segments in the global as well as regional cosmetic antioxidants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cosmetic antioxidants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global cosmetic antioxidants market. According to the report, the global cosmetic antioxidants market was sized near USD 100 billion in 2020 and is expected to reach over USD 140 billion by 2026, growing with a CAGR of 6.1% over the forecast period of 2020-2026.
The demand for natural skin care products is steadily growing since consumers perceive them as safe. Currently, cosmetic manufacturers are focusing on developing innovative products to address skin-aging signs, thus meeting consumers’ needs for healthy appearance and well-being. To prevent or treat skin aging, topical supplementation with antioxidants is considered one of the most promising strategies. However, most antioxidants presently used in skincare formulations show unfavorable physicochemical properties such as excessive lipophilicity or hydrophilicity, chemical instability, and poor skin penetration that actively limit their effectiveness after topical application.
Nowadays, consumers worldwide perceive their well-being and appearance as fundamental needs. Therefore, the cosmetic products demand that effectively improve skin conditions is constantly growing. Furthermore, growing disposable income and improving the standard of living are driving the growth of the Cosmetics Antioxidants market. Furthermore, exposure of skin to UVA releases labile iron, leading to oxidative stress in the skin which further leads to the signs of aging. Oxidative damage initiated by ROS is a major contributor to skin aging. Free radicals generated internally within the skin cell during normal oxidative metabolism or by external sources such as UV irradiation are major contributors to skin aging. Hence, antioxidants are used in cosmetics which is responsible for the balance between pro-oxidants and antioxidants. Therefore, several pharmaceutical and cosmetic formulations have been specially designed to prevent the signs of aging connected to oxidative damage such as wrinkling, actinic lentigines, and sagging, thus improving skin healthiness and appearance. However, the high cost of natural antioxidants like Vitamin E, Vitamin C, and rosemary extract is affecting the growth of the market. Moreover, the growing demand for male cosmetics will provides a significant growth opportunity for the market. The global cosmetic industry has been shocked by the COVID-19 crisis. The first quarter of 2020 sales have been weak, supply chain bottlenecks have reduced product availability and consumers have had limited access to retail outlets. Hence, there has been a rapid acceleration in online sales across cosmetics product categories.
The Asia Pacific region dominates the cosmetic antioxidants market. The growth of the Asia Pacific cosmetic antioxidants market is attributed to the growing demand for cosmetics as a result of the rising aging population, increased disposable income, and changing lifestyle of the consumers in the region. Furthermore, the growing use of high-quality cosmetic products, to fight against pollution and climate change on skin and hair, is increasing the demand for antioxidants, thereby fueling the cosmetic antioxidants market.
The report on the global cosmetic antioxidants market covers segments such as source, type, function, and application. On the basis of source, the sub-markets include natural, and chemically derived. On the basis of type, the sub-markets include vitamins, enzymes, and polyphenols. On the basis of function, the sub-markets include anti-aging, hair conditioning, and UV protection. On the basis of application, the sub-markets include skin care, hair care, and make up.
The report provides profiles of the companies in the market such as BASF SE, Wacker Chemie AG, Eastman Chemical, Lonza Group, Croda International Plc, Evonik Industries AG, BTSA Biotecnologías Aplicadas, Ashland Global Holdings, Kemin Industries, Inc, and Barentz International BV.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cosmetic antioxidants market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.