The global cosmetic antioxidants market is forecast to reach USD 212.8 Million by 2028, according to a new report by Reports and Data. Cosmetic antioxidants are specialty ingredients that protects skin cells from getting damaged, and it also slows down the aging process.
The rate of air pollution is rising due to industrialization and urbanization all around the world. Air Pollution causes early skin aging, dryness, wrinkles, acne, pigmentation, cellular damage, and hair fall. The rise in health issues caused by air pollution has encouraged both young and elderly population to use antioxidant cosmetics. The antioxidant cosmetics protect the skin from UV rays and other harmful air pollutants. The price of natural antioxidants is very high, which are acting as a restraint to the market of cosmetic antioxidants.
Top Companies Operating in the Global Cosmetic Antioxidants Market:
BASF FE, Archer Daniels Midland Company, Frutarom Ltd, Kemin Industries Inc., EI. Du Pont De Nemours and Company, Nutreco N.V., Eastman Chemical Company, Camlin Fine Science Ltd., Koninklijke DSM NV, and Nutreco N.V.
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Further key findings from the report suggest
- Skincare held the largest market share of 31.7% in the year 2018. Skincare segment is propelling because people all around the world are facing skincare problems due to rising air pollution. Sun cream is a very famous skin care antioxidant cosmetic available in the market to protect the skin from UV rays. This product is having a huge market growth globally since it is used by every age groups.
- Hair conditioner is estimated to witness the highest the CAGR of 7.8% during the forecast period. This segment is propelling in the market because hair conditioning products helps to protect hair from damage caused by pollution. It helps to maintain the hair quality and prevent hair fall. Countries like Japan, India, and China are the highest manufacturers of hair conditioning products.
- Natural antioxidants held the largest market share of 56.7% in the year 2018. The market for Natural antioxidants is growing since it is made up of natural products like vitamins, oils and minerals. There is a sudden demand for herbal products since it does not have any side effects.
- Asia Pacific is forecasted to witness the highest CAGR of 8.2% during the forecast period. This region is highly populated along with the growing economy, and urbanization of the population, who are becoming more aware about skincare products which are driving the market for antioxidants in this region.
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Cosmetic Antioxidants Market Segmentation
By Source Type Outlook
- Natural Antioxidants
- Synthetic Antioxidant
By Function Type Outlook
- Anti-Inflammatory
- Hair Conditioning
- Anti-aging
- Hair Cleansing
- Moisturizing
- UV protection
- Others
By Type Outlook:
- Vitamin C
- Vitamin E
- Vitamin A
- Polyphenol
- Enzymes
- Synthetics
- Others
By Application Outlook:
- Skin Care
- Makeup
- Hair Care
- Others
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