Global Tetrahexyldecyl Ascorbate Market: Overview and Dynamics
The skincare market is the leading segment of the cosmetic industry, accounting for approximately 36% of the global cosmetic market. Vitamin C based products are preferred by people for skincare with an underlying being its instability in the products. Moreover, to overcome the problem, companies have come up with a various derivative of Vitamin C with one of the most popular among them gaining significant being Tetrahexyldecyl Ascorbate. Tetrahexyldecyl Ascorbate (THD) is a stable oil-soluble, Vitamin C ester making headways in the market due to its ability in skin penetration. Further, researchers consider that paring of Tetrahexyldecyl Ascorbate with other Vitamin C and retinol liquid ensures enhanced effectiveness in skin care treatment.
Furthermore, busy work culture leading to no work-life balance on daily basis is primary cause of increasing skin-related issues. On the other hand, handy information availability with natural access to internet is considered as a prime reason for increasing awareness on healthy lifestyle as well as growing concern towards skincare among people, thereby, generating significant demand for organic products. Global tetrahexyldecyl ascorbate market is expected to increase at a rapid rate. However, the onset COVID-19 posited negative impact on the market leading to depressed spending from consumers for skincare products. Further, extensive availability of counterfeit products of inferior quality at lower price range and other substitutes such an L-ascorbic acid, Plant-derived vitamin C etc. are likely to catapult the growth of global tetrahexyldecyl ascorbate market over forecast period.
To summarize, the market dynamics of global tetrahexyldecyl ascorbate market is solely depended on global cosmetic and skincare demand. The global market for tetrahexyldecyl ascorbate market is expected to exhibit high growth rate by the end of 2031. Factors such as surge in demand, novel formula, COVID-19 and growth in the fashion & skincare related industry in various countries will play a vital role.
Tetrahexyldecyl Ascorbate and L-Ascorbic acid both are Vitamin C serums but there is a considerable difference between. Tetrahexyldecyl Ascorbate is a stable form of vitamin C which is soluble in fat and can penetrate profoundly to nourish the skin. Whereas L-Ascorbic acid is water-soluble and nourishes skin superficially. Moreover, tetrahexyldecyl can be stored for a longer period of time which is not possible for L-ascorbic acid due to its unstable nature. These are some of the prime reason for the growing demand for tetrahexyldecyl ascorbate over L-Ascorbic acid in vitamin C serum segment.
In addition, the ability of tetrahexyldecyl ascorbate to be used in creams is key to its growth in the cosmetic market. Key players in the global tetrahexyldecyl ascorbate market have been trying to manufacture combination of products of retinol and tetrahexyldecyl ascorbate for providing glowing skin with deep skin penetration. In short, the market players have been intensively working on new improved formulae of tetrahexyldecyl ascorbate to attract comprehensive customer base towards tetrahexyldecyl ascorbate market.
The global tetrahexyldecyl ascorbate market is bifurcated into four major segments: Category, Institutional sales, Distribution Channel and Region. Based on the category, the global tetrahexyldecyl ascorbate market can be segregated into Haircare products, Skin & Sun care products, Makeup and Color cosmetics. Based on Institutional sales, the global tetrahexyldecyl ascorbate market can be classified as Hospital and dermatology clinics sales. Based on distribution channel type, the tetrahexyldecyl ascorbate market can be classified as retail sales and online sales channel.
COVID-19 Impact Insights
The COVID-19 was declared a pandemic by the World Health Organization (WHO) in the early march 2020 which mandated countries to impose lockdown and abide by strict social distancing measures leading to market shut down and flattening economic curve across the globe. On the other hand, the supply and demand chain has been massively disrupted leading to a global economic loss.
Furthermore, facility shut down in Asia, North America and Europe in the second quarter of 2020 have reduced the production of tetrahexyldecyl ascorbate which in turn affected the global tetrahexyldecyl ascorbate market. With reducing Covid-19 cases in some regions operations resumed during the fourth quarter of 2020. On the other hand, the new Covid-19 strain which was first discovered in the United Kingdom is spreading much faster than expected which may further force the regulatory bodies to impose strategic lockdowns across affected regions.
On the bright side, vaccines are being approved after phase 3 trials by countries and have started vaccination drives for neutralizing covid-19 cases. Meanwhile for balancing the supply chain, regulatory bodies have allowed manufacturing sectors to proceed with production. Moreover, abiding to COVID-19 guidelines and alternative rotation of workers can help the global tetrahexyldecyl ascorbate market to bounce back strongly by the second quarter of 2021.
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Segmentation Analysis of Global Tetrahexyldecyl Ascorbate Market
The Global Tetrahexyldecyl Ascorbate Market is bifurcated into four major segments: application, institutional sales-type, distribution channel type, and region.
Based on grade global tetrahexyldecyl ascorbate market has been segmented as follows:
Based on application, global tetrahexyldecyl ascorbate market has been segmented as follows:
- Hair Care Products
- Skin and Sun Care Products
- Makeup and Colour cosmetics
Based on geographic regions, global tetrahexyldecyl ascorbate market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Global Tetrahexyldecyl Ascorbate Market: Regional Outlook
Based on regional distribution, the report “Global Tetrahexyldecyl Ascorbate market” takes into account six prime regions including North America, Europe, Latin America, East Asia, South Asia, Oceania and The Middle East & Africa. The Asia Pacific is expected to be the leading region of the Global Tetrahexyldecyl Ascorbate Market during the forecast period.
North America and Europe is expected to account for a large share of global tetrahexyldecyl ascorbate market due to the rising fashion industry, increasing concern towards skincare routine, change in habits and lifestyle which is growing at a rapid pace. The Asia Pacific region is expected to show moderate growth compared to North America and Europe for the global tetrahexyldecyl ascorbate market owing to rising media, health care & dermatology and fashion industry. Furthermore, the countries like South Korea and Japan where the people give more priority to their skin acts as the potential skincare serum market for manufacturers. Collectively all the points projects a stable growth for global tetrahexyldecyl ascorbate market.
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Global Tetrahexyldecyl Ascorbate Market: Key Players
Being a moderately consolidated market, there’s been a healthy competition between the key players in their region.
- Nikko Chemicals
- Wako Pure Chemical Industries
- CasheSyn Inc.
- Glentham Life Sciences
- Beri Pharma Co. Ltd
- Shanghai Synchem Pharma Co
- Hangzhou J&H Chemicals Co. Ltd
is amongst the prominent players in global tetrahexyldecyl ascorbate market.
Common organic growth strategies like promising highly pure quality materials, longer storage cycle and guaranteed results for their product have been witnessed among the regional players. Moreover, acquisitions and establishing long term supply contracts with the industries and local producers is van guarding market players.
To sum up, the global market for tetrahexyldecyl ascorbate is estimated to be stable in 2021. The tetrahexyldecyl ascorbate market grew with a moderate pace in 2020. Further, the market is projected to grow during the forecast year with the adoption of organic strategies by key players and rising demand from the consumption side.
The research report presents a comprehensive assessment of the Global Tetrahexyldecyl Ascorbate Market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Global Tetrahexyldecyl Ascorbate Market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
The Global Tetrahexyldecyl Ascorbate Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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The Global Tetrahexyldecyl Ascorbate Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Global Tetrahexyldecyl Ascorbate Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Global Tetrahexyldecyl Ascorbate report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Global Tetrahexyldecyl Ascorbate report also maps the qualitative impact of various market factors on market segments and geographies.
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The Global Tetrahexyldecyl Ascorbate Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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