Chicago, August 11, 2023 /PRNewswire/ — Reports “Cosmetic antioxidant market By Source (Natural, Synthetic), By Type (Vitamins, Enzymes, Polyphenols), By Function (Anti-Aging, Hair Conditioning, UV Protection), By Application (Skin Care, Hair Care, Makeup) – Global Forecast to 2028″the size is $132 million Projected to be achieved by 2023 $178 million It will be achieved by 2028, at a CAGR of 6.2% from 2023 to 2028.
The cosmetic antioxidants market is driven by an aging population, increasing disposable income, and consumer lifestyle changes. In today’s fast-paced, social media-driven world, self-expression and appearance are of utmost importance, which has led to an increase in demand for cosmetics and, in turn, an increase in demand for antioxidants.
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The natural source segment is expected to hold a larger share of the cosmetic antioxidant market in 2022.
The growth of the natural source segment of the cosmetic antioxidant market can be attributed to strict implementation of formulations and various regulatory mandates for the use of chemically derived ingredients in cosmetics. In addition, growing public awareness of the benefits offered by natural ingredients is also driving the growth of the natural source segment of the cosmetic antioxidant market.
Vitamins will lead the cosmetic antioxidant market during the forecast period.
Vitamins are used in various cosmetics. Their positive effect on human skin is a major driving factor. Vitamins are known for their antioxidant properties, which protect the skin from free radical damage. It can also boost collagen production, improve skin elasticity, and enhance the overall appearance of your skin. Additionally, certain vitamins have been found to have moisturizing, whitening, and anti-aging benefits.
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The anti-aging segment is expected to hold a large share of the cosmetic antioxidant market in 2022.
The world population is aging, with an increasing proportion of people reaching older age groups. As people age, there is an increasing demand for products that can help maintain a youthful appearance and address age-related concerns. Cosmetic antioxidants are widely used in cosmetics such as serums, face creams and lotions as anti-aging ingredients. These antioxidants help increase collagen and moisturize the skin.
Skin care to lead the cosmetic antioxidant market during the forecast period.
Cosmetic antioxidants play an important role in skin care products. They help protect the skin from damage caused by free radicals, unstable molecules that can cause inflammation, premature aging, and other skin problems. These antioxidants are found in a variety of skin care products such as serums, moisturizers, and creams. Incorporating antioxidant-containing products into your skincare routine can help protect your skin and promote a healthier, more youthful appearance.
Asia Pacific It is anticipated to be the fastest growing region for the overall cosmetic antioxidant market during the forecast period.
In the cosmetics industry, Asia Pacific The region is thriving due to an increase in the number of working women, increased public spending on cosmetics, and a growing younger population in the region. Population growth, rising living standards, and increased e-commerce activity have increased the demand for cosmetics in the region.emerging countries such as China and India Economic growth and increasing consumer spending on cosmetics in these countries have resulted in high growth markets for skin care, hair care and makeup products in the region.
Major players featured in Cosmetic antioxidant market The report includes Evonik Industries AG (Germany), Croda International Plc (UK), BASF SE (Germany), Eastman Chemical Company (USA), Wacker Chemie AG (Germany) others.
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