Global Cosmetic Antioxidants Market : Future Demand, Market Analysis & Outlook to 2026
Cosmetic Antioxidants Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of cosmetic antioxidants market by by source (natural, and chemically derived), type (vitamins, enzymes, and polyphenols), function (anti-aging, hair conditioning, and uv protection), application (skin care, hair care, and make up), restraints, and macro market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the cosmetic antioxidants market it includes the five years Industry analysis and the 6 years annual forecast from to 2026. Some of the prominent participants in the global cosmetic antioxidants market are 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 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.
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Growing Disposable Income and Improving the Standard of Living are Driving the Growth of the Cosmetics Antioxidants Market
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.
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Growth of the Asia Pacific Cosmetic Antioxidants Market is Attributed to the Growing Demand Market
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.
Cosmetic Antioxidants Market: Segmentation
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.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the cosmetic antioxidants.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.