Cosmetic Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 139.23 Million |
| Market Size (2029) | USD 185.88 Million |
| CAGR (2024 - 2029) | 5.95 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cosmetic Antioxidants Market Analysis
The Cosmetic Antioxidants Market size is estimated at USD 139.23 million in 2024, and is expected to reach USD 185.88 million by 2029, growing at a CAGR of 5.95% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020, the pandemic disrupted both production and sales of cosmetics through online and offline channels. However, the global situation is normalizing, and the industry's return to stability provides multiple growth opportunities for improving the industry's performance.
Readily availability of natural antioxidants online, such as such as polyphenols, carotenoids, enzymes, synthetic, vitamin C, and vitamin E, driving the market demand.
The high cost of natural antioxidants and growing concerns about the use of synthetic antioxidants have been identified as major restraints in the cosmetic antioxidant market.
Consumers worldwide are leaning toward natural skin care products as a result of the rising demand for naturally derived antioxidants in cosmetics, which is creating an opportunity for the market during the study period.
Asia-Pacific region is expected to dominate the market with the largest consumption of cosmetics containing various antioxidants from countries such as India and China.
Cosmetic Antioxidants Market Trends
Increasing Usage of Natural Antioxidants in Cosmetics Products
- The growing use of natural antioxidants such as polyphenols, carotenoids, enzymes, synthetic vitamin C, and vitamin E is being increasingly used in the cosmetic industry in various anti-aging creams, which is expected to increase the use of natural oxidants in skin care cosmetic products.
- Natural antioxidants present in plant extracts include polyphenols, flavonoids, flavonols, flavanols, stilbenes, and terpenes (including carotenoids and essential oils).
- US biotech company Debut has raised USD 34 million in Series B, a funding round led by Bold, L'Oreal's corporate venture capital fund that leverages the start-up鈥檚 extensive IP portfolio, from which more than 7,000 ingredients to produce complex natural products, such as polyphenols, biopolymers, and natural colors, prized for their high performance, anti-aging, and antioxidant properties.
- Nowadays, premature aging is a major concern among women. The use of antioxidants in beauty care products is estimated to grow. Anti-wrinkle creams and moisturizers are now becoming widely popular.
- In January 2023, Mac Cosmetics announced its plans to launch a new skincare line in the Indian market. This move by the North American beauty brand highlights the growing importance of skincare products in India. It presents an opportunity for Cosmetic antioxidant manufacturers to meet the demands of this expanding segment.
- According to Nykaa, a global online beauty and wellness e-commerce platform, India is on track to overtake several European countries and become the fifth-largest cosmetics market in the world within the next five years.
- Furthermore, there is a growing knowledge of the benefits of natural antioxidants such as polyphenols, which can be helpful for skin healing and rejuvenation. Some of the factors that are expected to boost the global cosmetic antioxidant market include their ability to help reverse indications of aging, such as sunspots, fine lines, and wrinkles, making them a staple in anti-aging treatments.
- Owing to all these factors, the market for Cosmetic Antioxidants is likely to grow globally during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the worldwide market in 2023, with a significant market share in terms of revenue, and is projected to maintain its dominance during the forecast period.
- China, India, and South Korea are expected to be leading countries witnessing strong demand for cosmetic antioxidant consumption during the forecast period.
- The increasing use of high-quality cosmetic products that prevent the skin and hair from the effects of pollution and climate change is driving up demand for antioxidants, fueling the cosmetic antioxidants market.
- China is the world's fastest-growing and most dynamic market. Several cosmetics companies have collaborated with influencers, beauty bloggers, and advertising on TV to increase product sales. Local brands in China provide consumers with low-to-mid-priced cosmetic products, whereas foreign players cater to the high-end segment. Nonetheless, to increase sales, domestic players have started to utilize natural extraction methods in their cosmetic products.
- According to Voguebusiness, the Indian beauty industry, which includes a wide variety of skincare, makeup, and hair products, has grown from USD 12.3 billion in 2018 to USD 15.6 billion in 2022, and it is estimated to be worth around USD 17.4 billion in 2025.
- However, international brands were unable to meet the demand for products suitable for Indian skin types, allowing local companies such as Mama Earth, Khadi Essential, and Sugar Cosmetics to promote their homemade cosmetics and personal care products.
- South Korea has one of the world's most dynamic beauty markets, introducing industry-leading innovations and setting global trends. In order to succeed, the Korean skincare and cosmetics industry is large, fragmented, and highly competitive, with brands constantly researching and developing new products.
- Due to all such factors, the market for cosmetic antioxidants in the region is expected to have a steady growth during the forecast period.
Cosmetic Antioxidants Industry Overview
The cosmetic antioxidants market is partially fragmented in nature. The major players (not in any particular order) include BASF SE, Eastman Chemical Company, Wacker Chemie AG., Croda International Plc, and BTSA Biotecnologias Aplicadas, among others.
Cosmetic Antioxidants Market Leaders
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BASF SE
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Eastman Chemical Company
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Wacker Chemie AG
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Croda International Plc
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BTSA Biotecnologias Aplicadas
*Disclaimer: Major Players sorted in no particular order
Cosmetic Antioxidants Market News
- October 2023: BASF's Care Chemicals division is investing in a new plant to produce emollient specialties at its D眉sseldorf site targeted for skin and sun protection products.
- June 2023: DKSH signed an exclusive distribution agreement with Bitop, the manufacturer of cosmetics ingredients, in Australia, New Zealand, Malaysia, and Singapore.
Cosmetic Antioxidants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rise in Online Purcahse of Cosmetics
4.1.2 Increasing Use of Beauty Products and Personal Care Products
4.1.3 Other Drivers
4.2 Restraints
4.2.1 High Cost of Natural Antioxidants
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Source
5.1.1 Natural
5.1.2 Chemically Derived
5.2 Type
5.2.1 Vitamins
5.2.2 Polyphenols
5.2.3 Enzymes
5.2.4 Carotenoids
5.2.5 Other Types ( Flavonoids, Vitamins, Synthetic and Terpenes)
5.3 Application
5.3.1 Skin Care
5.3.2 Hair Care
5.3.3 Injectables
5.3.4 Other Applications (Makeup and Body care)
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 BTSA Biotecnologias Aplicadas
6.4.3 Croda International Plc
6.4.4 Eastman Chemical Company
6.4.5 Evonik Industries AG
6.4.6 Kemin Industries
6.4.7 Koninklijke DSM
6.4.8 Lonza Group
6.4.9 Provital Group
6.4.10 Wacker Chemie AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for Male Cosmetics Products
7.2 Other Market Opportunities And Future Trends
Cosmetic Antioxidants Industry Segmentation
Antioxidants are immensely helpful active ingredients in the production of cosmetics. They keep natural ingredients such as proteins and sugars in cosmetic products from degrading. Antioxidants are also used to protect skin cells from damage and slow the aging process. Cosmetic antioxidants form a protective barrier on the skin, shielding it from the elements and ultraviolet (UV) rays. It is also used in cosmetics to preserve formulations and extend shelf life.
The cosmetic antioxidants market is segmented by source, type, application, and geography. By source, the market is segmented into natural and chemically derived. By type, the market is segmented into vitamins, polyphenols, enzymes, carotenoids, and other types. By application, the market is segmented into skincare, hair care, injectables, and other applications. The report also covers the market size and forecasts for the cosmetic antioxidants market in 15 countries across the world.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Source | |
| Natural | |
| Chemically Derived |
| Type | |
| Vitamins | |
| Polyphenols | |
| Enzymes | |
| Carotenoids | |
| Other Types ( Flavonoids, Vitamins, Synthetic and Terpenes) |
| Application | |
| Skin Care | |
| Hair Care | |
| Injectables | |
| Other Applications (Makeup and Body care) |
| Geography | |||||||
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Cosmetic Antioxidants Market Research FAQs
How big is the Cosmetic Antioxidants Market?
The Cosmetic Antioxidants Market size is expected to reach USD 139.23 million in 2024 and grow at a CAGR of 5.95% to reach USD 185.88 million by 2029.
What is the current Cosmetic Antioxidants Market size?
In 2024, the Cosmetic Antioxidants Market size is expected to reach USD 139.23 million.
Who are the key players in Cosmetic Antioxidants Market?
BASF SE , Eastman Chemical Company, Wacker Chemie AG, Croda International Plc and BTSA Biotecnologias Aplicadas are the major companies operating in the Cosmetic Antioxidants Market.
Which is the fastest growing region in Cosmetic Antioxidants Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cosmetic Antioxidants Market?
In 2024, the North America accounts for the largest market share in Cosmetic Antioxidants Market.
What years does this Cosmetic Antioxidants Market cover, and what was the market size in 2023?
In 2023, the Cosmetic Antioxidants Market size was estimated at USD 131.41 million. The report covers the Cosmetic Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cosmetic Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cosmetic Antioxidants Industry Report
Statistics for the 2024 Cosmetic Antioxidants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Cosmetic Antioxidants analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
