Cosmetic Antioxidants Market Analysis | 2023-2028

Market Insights

"The cosmetic antioxidants market was estimated at USD 124.2 million in 2022 and is likely to grow at a CAGR of 6.2% during 2023-2028 to reach USD 178.6 million in 2028".

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Market Dynamics

Introduction

Cosmetic antioxidants are the ingredients used in cosmetic formulations, to increase the shelf life of cosmetic products and, along with this, protect human cells against damage. Aging is a natural phenomenon, but the consumption of antioxidants can slow down the aging process.

Market Drivers

Increasing consumption of cosmetic products across the globe is driving the growth of the market along with the increasing awareness of the importance of personal care products among the global population is fuelling the growth of the market. Increasing utilization of antioxidants and cosmetic & personal care products such as skin care, hair care, fragrance, body care, and others as antioxidants are treated as the essential ingredient for the treatment and formulation of cosmetic products.

Due to its advantages such as antioxidants helping prevent skin damage caused by pollution, free radicals, and other environmental effects, it also protects the skin against oxidative damage and causes other problems including infection, dryness, and itching, and more cosmetic products have increased the utilization of cosmetic antioxidants.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the cosmetic antioxidants market:

• BASF SE
• Wacker Chemie AG
• Evonik Industries AG
• Kemin Industries, Inc.
• Barentz International BV
• Eastman Chemical Company
• Ashland Global Holdings
• BTSA Biotecnologias Aplicadas S.L.
• Koninklijke DSM N.V.
• SEPPIC

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Source Type

The cosmetic antioxidants Market is segmented into natural and synthetic. Natural is expected to remain the market's largest and fastest-growing source type during the forecast period. Natural resources, including plants, animals, fruits, herbs, and spices are where natural antioxidants are derived from. Enzymes, polyphenols, carotenoids, and vitamins are examples of natural antioxidants. The increased popularity of natural goods and their benefits among people is fuelling the growth of the natural segment in the market.

By Application Type

The market is segmented into skincare, hair care, and makeup. Skincare is expected to remain the dominant and fastest-growing material type in the market during the forecast period, as skin care is a crucial habit in maintaining skin supplements and protecting the skin from any harmful environmental impact. Antioxidants are also contributing to the growth of this segment of the market.

By Function Type

The market is segmented into UV protection, anti-aging, hair cleansing, moisturizing, anti-inflammatory, and others. Anti-aging is expected to remain the largest function type in the market during the forecast period owing to increasing awareness among people to maintain a healthy and young appearance and to minimize aging symptoms.

Regional Insights

Asia-Pacific is expected to remain the largest market for cosmetic antioxidants during the forecast period owing to a rising aging population, increased disposable income, and changing lifestyles of people along with this the increasing health awareness is also driving the growth in this region.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s cosmetic antioxidants market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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