Cosmetic Antioxidants Market Size, Opportunities, Growth, Trends, Regional Insights, Key Segments, Top Companies and Forecast to 2028
In terms of value, the cosmetic antioxidants market is estimated to grow from USD 132 million in 2023 to USD 178 million by 2028, at a CAGR of 6.2%. Cosmetic antioxidants are important in cosmetic formulation and play a key role in encountering free radicals that damage skin and hair. Antioxidants used in cosmetics are substances made of vitamins, enzymes, polyphenols, and minerals. Cosmetic antioxidants are useful in preventing the degradation of ingredients in cosmetic products, skin recovery from damage, UV protection, and slowing down the aging process.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144119844
The global cosmetic antioxidants market is segmented based on application into skin care, hair care, and make-up. Based on application, the skin care segment was the chief consumer of cosmetic antioxidants in 2022, owing to the high demand for cosmetic antioxidants in anti-aging formulations. The growing demand for cosmetic products, such as anti-aging creams, anti-wrinkle creams, and sunscreens, particularly in emerging countries, has increased the demand for cosmetic antioxidants in the skin care segment of the cosmetic antioxidants market.
Based on source, the cosmetic antioxidants market is segmented into natural and synthetic. Based on source, the natural segment accounted for the major share of the cosmetic antioxidants market in 2022, in terms of value, as the acceptance of natural antioxidants in cosmetic products is increasing owing to their minimal side effects.
The global cosmetic antioxidants market is segmented based on type into vitamins, carotenoids, polyphenols, enzymes, and synthetics. Based on type, the vitamins segment in 2022 led the cosmetic antioxidants market in terms of value. Various types of vitamins and their compounds, such as vitamin E (tocopherols), vitamin C (ascorbic acid), and vitamin A (retinol), are widely used in cosmetic products for moisturizing and nourishment purposes.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=144119844
Based on function, the cosmetic antioxidants market is segmented into anti-aging, anti-inflammatory, UV protection, moisturizing, hair cleansing, hair conditioning, and others. The anti-aging segment led the function segment in 2022. Anti-aging cosmetic products help reduce the appearance of fine lines and pigment evening and provide a smooth skin texture. These products require cosmetic ingredients, such as vitamin A, biotin, coenzyme Q10, glycolic acid, green tea, and other vitamins, that help reduce signs of aging.
Among the various regions, Asia Pacific accounted for the largest share of the cosmetic antioxidants market in 2022. This region has a extensive base of youth population that spends more on skincare and other cosmetic products. In addition, countries in Asia Pacific region more lenient towards imposing regulations with respect to cosmetic ingredients. Countries such as China and India are thickly populated economies with increasing preference over beauty & personal care products.
Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=144119844
The key players in cosmetic antioxidants market are Evonik Industries AG (Germany), Croda International Plc (UK), BASF SE (Germany), Eastman Chemical Company (US), and Wacker Chemie AG (Germany) are the leading providers of cosmetic antioxidants globally. These companies have manufacturing facilities as well as dominant distribution networks across key regions, such as Asia Pacific, North America, and Europe.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/cosmetic-antioxidant-market-144119844.html
