Sales of Anti-Ageing Products to Create Over US$ 105 Mn Incremental Opportunity in Personal Care Active Ingredients Market
Fact.MR’s latest report on personal care active ingredients market presents a thorough study of drivers, latest trends, and restraints that are expected to influence its growth trajectory through 2031. It uncovers various emerging opportunities across leading segments in terms of type and product category.
NEW YORK, Nov. 18, 2021 /PRNewswire/ — As per latest Fact.MR analysis, the global personal care active ingredients market size is expected to reach US$ 1.92 Bn by the end of 2021. Overall consumption of personal care active ingredients is projected to increase at 5.7% CAGR, with valuation reaching around US$ 3.1 Bn by 2031.
With flourishing personal care industry, global consumption of personal care active ingredients is slated to surpass 380 KT by 2031.
Increasing use of personal and beauty care products, growing consumer awareness about benefits of organic personal care, and rising living standard are some of the factors driving the personal care active ingredients market.
Active ingredients are active substances present in a product that helps in directly achieving the performance objectives of the final products. These ingredients are designed to deliver the benefits such as anti-ageing and anti-fungal in skin care that are commonly advertised on the label of the product packaging.
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The rising inclination towards organic personal care products has ushered in a new ray of hope in personal care active ingredients market. People are showing keen interest in beauty products containing natural ingredients. High demand for botanically extracted personal care active ingredients will help the market gain traction in the coming years.
Anti-ageing products will continue to dominate the personal care active ingredients market, creating over US$ 105 Mn incremental opportunity by 2031. Rising geriatric population besides higher awareness about importance skin care to prevent early signs of aging will fuel demand for in this category.
Regionally, North America will hold around 22% of total personal care active ingredient revenue share in 2021. Growth in the region is attributable to the rising consumer awareness about advanced personal care and presence of leading personal care companies.
“With improved living standards, consumers have become better aware about the importance of moisturizing, hydrating, and anti-aging ingredients in their personal care. This is expected to create a plethora of opportunities for the beauty brands and personal care product manufacturers in the future,” says a Fact.MR analyst
Key Takeaways from Personal Care Active Ingredients Market Survey
With surging consumption of cosmetic and beauty products, Germany is poised to account for around 20% of the total personal care active ingredients sales in Europe by 2031.
Japan accounts for around 33% of the total personal care active ingredient sales in East Asia and is poised to reach valuation of US$ 215 Mn by 2031.
The U.S. personal care active ingredient consumption is projected to increase at 4.5% CAGR over the forecast period.
Personal care active ingredients made from botanical extracts are poised to account for around 42% of the market in terms of revenue by 2031.
Skin lightening products are projected to create an absolute $ opportunity of US$ 17.3 Mn over the projected forecast period.
The anti-ageing product category will account for 60% of total revenue share in 2021.
Rising consumer preference for natural ingredients is creating growth opportunities for personal care active ingredient market.
Rising penetration of online shopping platforms will continue to push the sales of personal care products with active ingredients.
Minimalist approach to make up and beauty is creating high demand for active ingredients with multifunctional benefits in personal care.
Growing adoption of personal care products by male population will support the growth of the market.
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Leading manufacturers operating in the personal care active ingredients market are focusing on deriving personal care active ingredients from organic substances. They have adopted various organic and inorganic growth strategies such as mergers, partnerships, new product launches and collaborations to expand their global footprint.
In January 2020, BASF launched new skin care active ingredients including zhydagen Aquaporin, Hydrasenysl Glucan and Inolixir. The company showcased its new ingredients at Cosmet’Agora in Paris on January 14 and 15.
In November 2021, Sanam Company and Flora Reserve announced the launch of first-of-its kind Naox Derma Triple Antioxidant Concentrate skincare active technology.
In April 2021, BASF launched new skin care active ingredient “Sacred Patch” that helps to boost emotional well-being. Sacred Patch® demonstrates outstanding moisturization results, soothes sensitive skin, and helps to stimulate the release of the wellness mediator oxytocin.
Some of the prominent players operating in the personal care active ingredients market profiled by Fact.MR are:
More Insights on the Global Personal Care Active Ingredients Sales Outlook
Fact.MR provides an unbiased analysis of personal care active ingredients market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for personal care active ingredients with a detailed segmentation on the basis of:
Enzymes & Coenzymes
Proteins & Peptides
Key Questions Covered in the Personal Care Active Ingredients Market Outlook Report
The report offers insight into personal care active ingredients demand outlook for 2021-2031
The market study also highlights projected sales growth for personal care active ingredients market between 2021 and 2031
Personal care active ingredients market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Personal care active ingredients market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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