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Skin Care Ingredients Market

Skin Care Ingredients Market

Skin Care Ingredients Market Analysis by Product Type (Alpha-hydroxy acids, Beta-hydroxy acids, Hydroquinone, Retinol, Ascorbic acid), by Functionality (Active agents, Additives, Hyaluronic acid), by Source (Botanical-based, Mineral-based), by Application & Regional Forecast 2022-2032

Skin Care Ingredients Market
FACT367MR
  • Jan-2022
  • List of Tables : 80
  • List of Figures : 120
  • 170 Pages
  • Consumer Goods

Global Skincare Ingredients Market Outlook

The skincare ingredients market is estimated at USD 22.5 Billion in 2022 and is forecast to reach USD 39.6 Billion by 2032, growing at a CAGR of 5.8% from 2022 to 2032.

The market has been gaining traction over the past few years, so it is expected to account considerable market share of about 18% for the overall skin care market in upcoming half-decade. Moreover, North America is expected to bring in higher revenues and dominate the market by covering a market share of ~45% in 2022.

Report Attributes

Details

Base Year Value (2021A)

USD 21.5 Billion

Estimated Year Value (2022E)

USD 22.5 Billion

Projected Year Value (2032F)

USD 39.6 Billion

Global Growth Rate (2022-2032)

CAGR 5.8%

North America Market Share in 2021

~43%

North America Growth Rate (2022-2032)

CAGR 6.2%

Collective Value Share (US, UK, Spain): Top 3 Countries

~38%

Top 5 Companies Market Share

~42%

Key Companies Profiled

  • L’Oreal S.A.
  • BASF
  • Clariant AG
  • Akzo Nobel N.V.
  • Croda International Plc.
  • Evonik Industries AG
  • Procter & Gamble Co.
  • The Unilever Group
  • Avon Products
  • Beiersdorf AG
  • Sederma Inc.
  • Botanic Organic LLC
  • Eminence Organic Skincare
  • Estee Lauder
  • Mama Earth

The beauty industry has shown a commendable rise in the past few years due to rapidly increasing purchasing power of the consumers and their willingness to spend on skin care products. Factors that are impacting the skin care market growth include an overall rise in adoption of various cosmetic and skincare procedures such as hair removal services, facial treatments and laser skin surgeries to improve the texture of their skin and body.

Growing concern of consumers towards their skin texture has been predicted to be one of the most important factors impacting the demand for natural skincare ingredients. Some of the common problems such as blemishes, wrinkles and acne convinces the consumers to constantly scout for remedies that can effectively address the skin health issues. Furthermore, consumers are looking out for organic skincare products to maintain a good skin care routine that can make their skin flawless. Most rightly so, as the skin act as barrier that protects underlying tissues from infection, desiccation and external stress.

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2017-2021 Global Skincare Ingredients Market Outlook in Comparison to 2022-2032 Growth Forecast

In today’s time, natural skincare ingredients are have been gaining traction globally. This is due to various benefits attached to them which includes chemical-free and nutrient-rich and preventing any kind of allergic reactions from using the product. Changing lifestyles coupled with high spending capacity of the consumers is anticipated to contribute to the market growth in the near future. Alongside, high investments in manufacturing products with organic and safe ingredients is expected to increase the demand for harmless skincare ingredients in next few years.

Fact.MR projects the market to remain steady, exhibiting growth at 5.8% CAGR between 2022 and 2032 in comparison to the CAGR of 5.4% posted between 2017 and 2021.

Moreover, increasing celebrity endorsements in the promotion of beauty products are expected to resonate well with young population. Millennial spending a lot of time on social media tend to incline towards ongoing online articles, product launches, and various social media influencers which is predicted to positively influence the market growth. Various skincare products such as moisturizers, cleansers, face masks and packs, and scrubs have encountered high adaptability among consumers who prefer to keep their skin hydrated for a better glow. The rising adoption of facial and beauty care products has convinced established manufacturers to upscale their production capacity by getting a hold of well-performing companies pertaining to natural skincare.

Skincare Ingredients Gaining Traction in the Industry

Rising consumer spending on skincare ingredients on a global scale is encouraging skin care brands to expedite research and development activities to introduce new and effective skin benefitting agents. Hence, key players in the market are coming up with new products in order to reach diverse markets and create a larger customer base.

Moreover, the consumer preferences differ in accordance with the age group they represent. Teens may consume products that reduce acne, whereas, aging population may want anti-aging products. Skin benefitting agents can be used to treat these condition as well as help in preserving the skin to its natural condition and to objectively improve the skin condition as well as to protect the skin.

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Competition among Manufacturers Restricting New Entrants in the Skincare Ingredients Market

In the next few years, use of skincare ingredients in preparing cosmetics is expected to increase owing to their intrinsic characteristics that help in retaining the skin texture by protecting from harsh climatic conditions such as cold temperature, ultraviolet rays, low humidity and or even chemical and biological irritants such as microorganisms, household dust, and mechanical strain. Key players in the cosmetic ingredients market are gradually adopting various marketing strategies such as mergers & acquisitions, expansions, product launches and innovation.

What is the Impact of COVID-19 on the Skincare Ingredients Market?

The COVID-19 pandemic has led to severe disruptions in the supply chain, owing to the strict lockdown restrictions and forced shutdown of the physical stores, eventually having a negative influence on skincare and beauty products, including organic ones. However, its widespread has resulted in changing consumer needs and preferences who are shifting their focus towards using clean-labeled and functional skincare products. Due to this, an acceleration in the growth of the market is anticipated during the assessment period at a good pace.

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Country-wise Insights

What is the market scenario of skincare ingredients in the U.S.?

North America is predicted to be the market leader in terms of value in the skincare ingredients market attributing to countries such as U.S. and Canada where consumers are increasingly choosing products that are helpful in restoring the glow and shine of their skin. This is expected to bring magnificent growth opportunities for the regional market.

What is driving the Asia-Pacific skincare ingredients market?

In terms of volume, Asia Pacific is expected to play a prominent role in the global skincare ingredients market in 2021, and the trend is likely to continue throughout the forecast period (2022-2032). Asia Pacific’s skincare ingredients market is projected growing at a CAGR of 5.5% between 2022 and 2032.

skincare ingredients market by Fact.MR

Category-wise Insights

What application type of skincare ingredients are the most used in industry?

Lotions and face wash are the types that are prominently applied as skincare ingredients for perfect skin care and protection. Lotions are used to improve the texture of the skin and face wash is used to keep the skin and healthy.

By which function, most of the revenue for skincare ingredients market is generated?

Demand for active skincare ingredients is expected to remain relatively higher than additives throughout the assessment period. A large percentage of skin care products contain active ingredients owing to their exceptional properties. During the forecast period, more than 16,400 Tons of active ingredients are likely to be used.

Competitive Landscape

In today’s era, rising consumption of skincare products has been observed owing to the increased number of beauty conscious consumers. Changing lifestyle and a growing emphasis on external beauty is convincing the consumers to use natural beauty care products that are chemical-free in nature and eliminates the risk of probable allergies. Consumers are looking out for organic products which can be applied on face and can stay all day long, yet have no side effects on skin or body.

This has convinced the skincare ingredients manufacturers to provide large varieties of organic skincare products that addresses the needs and requirements of customers and offer products that enhance customer loyalty. For instance, L’Oreal S.A. has launched a new product named ‘Loreal Paris Pure-Clay Exfoliator and Refine’ which is clay facial cleanser formulated to remove everyday impurities from the surface of your face without over-drying.

Global Skincare ingredients Market by Category

  • By Product Type :

    • Alpha-hydroxy acids
    • Beta-hydroxy acids
    • Hydroquinone
    • Retinol
    • Ascorbic acid
    • Hyaluronic acid
    • Copper peptide
    • Glyceryl stearate
    • Lecithin
  • By Functionality :

    • Active agents
    • Additives
  • By Application :

    • Cleansers
    • Creams
    • Face wash
    • Peels and Scrubs
    • Toners
    • Lotions
    • Face masks
    • Face Serums and Gels
    • Others
  • By Source :

    • Botanical-based Skincare Ingredients
    • Mineral- based Skincare Ingredients

- FAQs -

The global skincare ingredients market is estimated to be worth over USD 22.5 Billion by 2022
The demand is anticipated to surpass USD 39.6 Billion by 2032 end.
Global demand for skincare ingredients is projected to grow at a CAGR of 5.8% during 2022-2032
L’Oreal S.A., Estee Lauder, Beiersdorf AG, BASF, and Avon Products are the most prominent players in the global market
The US, U.K., Germany, China and India are the dominant countries contributing to high demand for skincare ingredients
U.S. skincare ingredients market share in 2022 is around 84.3% of the North American skincare ingredients market and the Australian market size in 2022 is around 67.4% of the overall Oceania

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