Global Cosmetic Antioxidants Market Forecast to 2023: Market is Projected to Grow from USD 115.1 Million in 2018 to USD 150.9 Million by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Cosmetic Antioxidants Market - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The cosmetic antioxidants market is projected to grow from USD 115.1 Million in 2018 to USD 150.9 Million by 2023, at a CAGR of 5.6% between 2018 and 2023.
The cosmetic antioxidants market is driven by a rise in aging population, increasing disposable income, and changing lifestyle of consumers.
By source, the natural segment of the cosmetic antioxidants market is projected to grow at the highest CAGR during the forecast period. Increasing preference of masses towards natural and herbal cosmetic products has increased the adoption of natural antioxidants in cosmetics. Countries of the European and North American regions have stringent regulations that restrict the use of chemically derived antioxidants in cosmetics. Moreover, the rising demand for high-quality natural ingredients in cosmetics with least side effects is also leading to the increased demand for natural antioxidants in cosmetics.
By type, the vitamins segment is expected to lead the cosmetic antioxidants market in 2018. The growth of this segment can be attributed to the increased use of vitamin-based antioxidants in cosmetic formulations as these micronutrients rejuvenate skin cells, improve skin radiance, and slow down the aging process.
Based on function, the hair conditioning segment is expected to lead the market of cosmetic antioxidants during the forecast period. The growing demand for hair conditioning products to overcome the impact of environmental pollution and external aggregators to maintain hair quality and growth from countries such as China, India, and Japan, has fueled the demand for cosmetic antioxidants in the hair conditioning segment.
By application, the skin care segment is expected to lead the cosmetic antioxidants market during the forecast period. The demand for cosmetic skin care products is increasing across the globe. The increased adoption of personal care & beauty care products in the Asia Pacific region is expected to fuel the demand for skin care cosmetics.
The Asia Pacific region is the largest consumer of cosmetic antioxidants across the globe. The cosmetic antioxidants market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Countries such as China and India are highly populated economies with rising preference to cosmetic products for personal care and beauty enhancement.
However, factors such as penetration of advanced medical technology in developed countries, high cost of natural antioxidants, and growing concerns of synthetic antioxidants are expected to hinder the growth of the cosmetic antioxidants market during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cosmetic Antioxidants Market, By Source
7 Cosmetic Antioxidants Market, By Type
8 Cosmetic Antioxidants Market, By Function
9 Cosmetic Antioxidants Market, By Application
10 Regional Analysis
11 Competitive Landscape
12 Company ProfilesArcher Daniels Midland Company Ashland Global Holdings Barentz International BV BASF SE Btsa Biotecnologias Aplicadas S.L. Croda International PLC Eastman Chemical Company Evonik Dr. Straetmans Jan Dekker International Kemin Industries, Inc. Koninklijke DSM N.V. (Royal DSM) Lonza Group Merck Nexira Provital Group Seppic Wacker Chemie Yasho Industries
For more information about this report visit https://www.researchandmarkets.com/research/g43w9p/global_cosmetic?w=4
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Related Topics:Cosmetics,Cosmetic Chemicals
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/02/2018 02:24 PM/DISC: 10/02/2018 02:24 PM