Daniel Associates

Active Ingredients Market for Cosmetics by Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, Hair Care) – Global Forecast to 2026

  • The global active ingredients market for cosmetic was valued at USD 2.63 Billion in 2015 and is projected to register a CAGR of 5.19% from 2016 to 2026. In this report, 2015 is considered as the base year and the forecast period is from 2016 to 2026.
    This research study involves extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the global active ingredients market for cosmetics. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the total market size, the overall market has been split into several segments and subsegments.
    The cosmetic active ingredients value chain starts with the procurement of raw materials required for the manufacturing of the required ingredients. The raw materials used for the production are salicylic acid, selenium sulfide, hyaluronic acid, niacinamide, and oxybenzones, among others. The use of other raw material depends upon the type of cosmetic active ingredients being produced.
    These raw materials are made available to cosmetic active ingredients manufacturers either by supplying or by vertical integration. The ingredient manufacturers tailor their products and have patents approved by the regulatory authorities. The active ingredients prepared by these manufacturers can comprise a single chemical or a mix of two or more chemicals as per the function it has to perform. The major manufacturers of cosmetic active ingredients are AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Sederma Inc. (France), and Evonik Industries AG (Germany). Cosmetic active ingredients are then either sold directly to the end users or through distributors. The end-use companies involved in the use of these active ingredients are Procter & Gamble Co. (U.S.), L’Oréal S.A. (France), Unilever (U.K.), Avon Products Inc. (U.S.), and Beiersdorf AG (Germany), among others.
    Scope of the Report:
    This report categorizes the cosmetic active ingredients market based on functionality, application, and region.
    Market Segmentation, by Functionality:
    • Conditioning Agents
    • UV Filters
    • Anti-ageing Agents
    • Skin-lightening Agents
    Market Segmentation, by Application:
    • Skin Care
    • Hair Care
    Market Segmentation, by Region:
    • North America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
    • Central & South America

  • Table of Contents
    1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.2.1 Market Scope
    1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders
    2 Research Methodology
    2.1 Research Data
    2.1.1 Secondary Data Key Data From Secondary Sources
    2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.2.1 Bottom-Up Approach
    2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
    3 Executive Summary
    4 Premium Insights
    4.1 Significant Opportunities in the Active Ingredient for Cosmetics Market
    4.2 Robust Growth for Active Ingredient for Cosmetics Market
    4.3 Europe Active Ingredient for Cosmetics Market Share, By Major Country and Functionality, 2015
    4.4 Active Ingredient for Cosmetics Market Attractiveness, 2016–2021
    4.5 Active Ingredient for Cosmetics Market, By Application and Region, 2015
    5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
    5.2.1 By Functionality
    5.2.2 By Application
    5.2.3 By Region
    5.3 Market Dynamics
    5.3.1 Drivers Increasing Demand for Multifunctional Ingredients Accelerating Demand for Anti-Ageing, Skin Whitening, and Sun Protection Products
    5.3.2 Restraints High Cost of Organic Products
    5.3.3 Opportunities Shifting Focus Towards Male Specific Cosmetics
    6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
    6.2.1 Raw Materials
    6.2.2 Ingredient Manufacturing
    6.2.3 End Use Product
    6.3 Porter’s Five Forces Analysis
    6.3.1 Threat of New Entrants
    6.3.2 Threat of Substitutes
    6.3.3 Bargaining Power of Suppliers
    6.3.4 Bargaining Power of Buyers
    6.3.5 Intensity of Competitive Rivalry
    6.4 Industry Outlook
    6.4.1 Population Statistics
    7 Active Ingredient for Cosmetics Market, By Functionality
    7.1 Introduction
    7.2 Conditioning Agent
    7.3 UV Filters
    7.4 Anti-Ageing Agents
    7.5 Skin Lightening Agents
    8 Active Ingredient for Cosmetics Market, By Application
    8.1 Introduction
    8.2 Skin Care
    8.2.1 Body Care
    8.2.2 Face Care
    8.2.3 Sun Care
    8.3 Hair Care
    8.3.1 Shampoos
    8.3.2 Dyes
    9 Active Ingredients for Cosmetics Market, By Region
    9.1 Introduction
    9.2 Europe
    9.2.1 Conditioning Agents to Account for the Largest Market Share in the European Cosmetic Active Ingredients Market
    9.2.2 Skin Care Application to Hold the Largest Share of the European Cosmetic Active Ingredients Market
    9.2.3 Country Level Analysis Germany France United Kingdom Italy Spain Russia Netherlands
    9.3 Asia-Pacific
    9.3.1 Conditioning Agents Dominates the Asia-Pacific Cosmetic Active Ingredients Market
    9.3.2 Cosmetic Active Ingredients Market in Skin Care Application to Witness the Highest CAGR
    9.3.3 Country Level Analysis Japan China India South Korea Indonesia Australia Singapore
    9.4 North America
    9.4.1 Anti-Ageing Agents to Witness the Highest Growth in the North American Cosmetic Active Ingredients Market
    9.4.2 Skin Care to Be the Fastest-Growing Application in the North American Cosmetic Active Ingredients Market
    9.4.3 Country Level Analysis U.S. Canada Mexico
    9.5 Middle East & Africa
    9.5.1 Anti-Ageing Agents to Be the Fastest-Growing Functionality of the Middle East & Africa Cosmetic Active Ingredients Market
    9.5.2 Skin Care Application Dominates the Middle East & Africa Cosmetic Active Ingredients Market
    9.5.3 Country Level Analysis Saudi Arabia Turkey
    9.6 Central & South America
    9.6.1 UV Filters to Be the Fastest-Growing Segment in the Central & South American Active Ingredients for Cosmetics Market
    9.6.2 Skin Care Application to Witness the Highest CAGR in Central & South American Cosmetic Active Ingredients Market
    9.6.3 Country Level Analysis Brazil Argentina
    10 Competitive Landscape
    10.1 Overview
    10.2 Major Players
    10.2.1 Competitive Benchmarking
    10.3 New Product Launches: the Most Popular Growth Strategy
    10.4 Market Share of Key Players
    10.5 Competitive Situation and Trends
    10.5.1 New Product Launches
    10.5.2 Expansions
    10.5.3 Mergers & Acquisitions
    10.5.4 Others
    11 Company Profiles
    (Overview, Financial*, Products & Services, Strategy, and Developments)
    11.1 Akzonobel N.V.
    11.2 Ashland Inc.
    11.3 BASF SE
    11.4 Clariant AG
    11.5 Evonik Industries AG
    11.6 Lonza
    11.7 Gattefossé
    11.8 Lucas Meyer Cosmetics
    11.9 Sederma Inc.
    11.10 Seppic SA
    11.11 Other Players
    11.11.1 Cp Kelco (A Huber Company)
    11.11.2 Eastman Chemical Company
    11.11.3 Emery Oleochemicals Group
    11.11.4 Evonik Industries AG
    11.11.5 Givaudan SA
    11.11.6 Lonza Group Ltd
    11.11.7 Symrise AG
    11.11.8 Sonneborn LLC
    11.11.9 Vantage Specialty Ingredients Inc.
    11.11.10 United-Guardian, Inc.

  • The global active ingredient market for cosmetics was USD 2.63 Billion in 2015 and is projected to register a CAGR of 5.19% from 2016 to 2026. The growth in the market is triggered by the growing population across the globe and the rising demand of consumers to look good. Rising concerns for aging skin and the need for an even skin-tone are also contributing towards the increase in use of cosmetic active ingredients.
    The market is dominated by the skin care application mainly because of the increasing demand of anti-aging, skin lightening, and sunscreen products due to the growing awareness among consumers towards their health and skin. Moreover, the growing demand for men’s grooming products is increasing the demand of skin and hair care products, thereby, leading to a rising demand of active ingredients for cosmetics.
    The active ingredient market for cosmetics, based on functionality, is classified into conditioning agents, UV filters, anti-aging agents, skin lightening agents, and others. The others category includes cleansing agents, soothing agents, self-tanning agents, anti-acne, anti-oxidants, emollients, and so on. The conditioning agent segment accounted for the largest share of the market in 2015. Low cost and wide applicability of conditioning agents in skin care and hair care applications makes it more suitable to use in the cosmetics industry. However, the anti-aging agents segment is expected to witness the highest CAGR between 2016 and 2021. The aging baby boomers are expected to drive the market for anti-aging agents by using more anti-aging cosmetic products to cure/improve wrinkles, frown lines, and aging process.

    Europe is projected to be the largest market during the forecast period because of the high per capita spending power of consumers on cosmetic products. The dominance is expected to continue between 2016 and 2021. Key market players such as BASF SE (Germany), Evonik Industries AG (Germany) and Seppic SA (France) are expanding their active ingredient for cosmetics business in the region as it is the most lucrative market.
    The major factor restraining the growth of the active ingredient for cosmetics market is the high cost associated with shifting to products from natural or organic origin. The higher feedstock cost is pulling back the ingredient manufacturers to choose organic based products in cosmetic formulations. in addition, there is a concern among consumers towards the long-lasting nature of natural/organic cosmetic products as compared to the synthetic cosmetics, which is further restraining the active ingredients market for cosmetics to grow.
    The competitiveness of the cosmetic active ingredients market is continuously increasing with innovative and new product launches. Strategic developments are mostly undertaken by major players such as AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Ashland Inc. (U.S.), Seppic SA (France), Evonik Industries AG (Germany), Clariant AG (Switzerland), and Lonza (Switzerland), among others.

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