Plant Extracts Segment to Register Highest CAGR during 2021–2028
According to our latest study on “Europe Cosmetic Bioactive Ingredients Market Forecast to 2028 – COVID-19 Impact and Analysis – by Ingredient Type and Sources,” the market is projected to reach US$ 672.68 million by 2028 from US$ 453.03 million in 2021; it is expected to grow at a CAGR of 5.8% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth.
Based on ingredient type, the Europe cosmetic bioactive ingredients market is segmented into probiotics and prebiotics, omega-3 fatty acids, vitamins, carotenoids and antioxidants, plant extracts, minerals, amino acids, proteins and peptides, and others. The amino acids segment held the largest share of the market in 2020. Certain amino acids, such as serine, glycine, alanine, proline, threonine, arginine, are important components of the Natural Moisturizing Factor (NMF) contained in the stratum corneum. Natural moisturizing factor prevents water loss in the skin. Thus, these acids are frequently used in cosmetics, which drives the market growth for this segment. However, the plant extracts segment is anticipated to register the highest CAGR in the market during the forecast period.
The growth of the Europe cosmetic bioactive ingredients market is attributed to rising preference for natural ingredients in cosmetic products and increasing launch of bioactive ingredients. However, the stringent regulatory framework restrains the market growth. BASF SE; DuPont de Nemours, Inc.; FMC CORPORATION, Cargill, Incorporated, Sensient Technologies Corporation, DSM, Ajinomoto Co. Inc.; Roquette Frères; ADM; and Vytrus Biotech are a few leading companies operating in the market.
The report segments Europe cosmetic bioactive ingredients market as follows:
The Europe cosmetic bioactive ingredients market is segmented on the basis on ingredient type and sources. Based on ingredient type, the Europe cosmetic bioactive ingredients market is segmented into Probiotics and prebiotics, omega-3 fatty acids, vitamins, carotenoids and antioxidants, plant extracts, minerals, amino acids, proteins and peptides, and others. Based on sources, the market is segmented into plant animal, and microbial.
- Rest of Europe
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