Active ingredients Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Global Active Ingredients Market is expected to register a CAGR of approx. 5% over the period of 2022-2028.  The active ingredients market is growing due to increasing demand for cosmetics for the women and elderly population though, rising the adoption of inorganic growth strategies among key industry players around the globe.  For instance, in January 2020, BASF SE launched new skincare active ingredients Hydagen® Aquaporin, Hydrasensyl® Glucan, and Inolixir™ for makeup applications at Cosmet’Agora 2020 in Paris. Owing to these glaring statistics the demand for active ingredients is anticipated to grow in the forthcoming years as the increasing demand for the cosmetics product for youth as well as elderly population which boosted the growth of cosmetics industry which leads to a faster production of active ingredients. According to UnivDatos Market Insights (UMI)’ research report “Global Active Ingredients Market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, change in lifestyle associated with the growth of cosmetic products and the increasing per capita income of consumers is fueling the demand for the active ingredients market. Furthermore, government approval for the news drugs system and awareness about the good effect of personal care products is expected to drive the market for active ingredients market in the coming years.

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Based on the product, the active ingredients market is segmented into conditioning agents, UV filters, skin lightening agents, anti- aging agents, others. The conditioning agents segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Conditioning agents are growing due the low cost and wide applicability of conditioning agents in skin and hair care products.

Based on the application, the market is fragmented into hair care, skin care, and others. The skin care segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Skincare is being increasingly used as a term that umbrellas a range of products that promise to slow, pause, or reverse aging.

Europe witnessed extensive growth

For a better understanding of the market adoption of the active ingredients market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe constitutes a major market for the active ingredients industry owing the rising frequency of preventable chronic diseases, increased government focus on generic medications, rising government focus on generic medications whereas rising demand for cosmetic section and skin care products in this region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global active ingredients market are Akzo Nobel NV, BASF SE, Ashland Inc, Seppic SA, Evonik Industries AG, Clariant AG, Lucas Meyer Cosmetics, Sederma Inc, Gattefosse, Lonza Group Ltd. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Active Ingredients Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentations:

1.      By Product (Conditioning Agents, UV Filters, Skin Lightening Agents, Anti- Ageing Agents, Others)

2.      By Application (Hair Care, Skin Care, Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Akzo Nobel NV, BASF SE, Ashland Inc, Seppic SA, Evonik Industries AG, Clariant AG, Lucas Meyer Cosmetics, Sederma Inc, Gattefosse, Lonza Group Ltd)

Key questions answered in the study:

1.      What are the current and future trends of the global active ingredients industry?

2.      How the industry has been evolving in terms of product, applications?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global active ingredients industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global active ingredients suppliers across various region and countries?