Market Introduction
Amid the active ingredients usually used in cosmetics preparation, there is a global trend of incorporating vegetable source products due to their commercial appeal, safety, and rich composition, often related with a synergistic or multifunctional effect. Botanical extracts are high in secondary metabolites that exist in plants with high structural diversity. Both flavonoids and non-flavonoids are related to various cosmetic properties, such as photoprotection, antiaging, moisturizing, antioxidant, astringent, anti-irritant, and antimicrobial activity. With bioactive components and pharmacologic activities, bioactive ingredients provide dermatologic benefits with potential applications for skin rejuvenation, photoprotection, and wound healing. The Asia Pacific cosmetic bioactive ingredients market growth is mainly attributed to rising preference for natural ingredients in cosmetic products and increasing launch of bioactive ingredients.
Moreover, the increasing research activities for development of bioactive ingredients is expected to bolster the market growth during the forecast period. However, stringent regulatory framework limits the growth of the Asia Pacific cosmetic bioactive ingredients market.
The COVID-19 pandemic has hit people because they want to change their current consumption to make life more convenient and safer. Consumers are also looking for “holistic, resilient and more conscious consumption” of dressings, food, and cosmetics. The effects of the COVID-19 outbreak will change significantly and permanently; the demand for color cosmetics is expected to slow down, and skincare is expected to increase. There are also new opportunities for personal care companies to offer additional related benefits that should be considered. Because of the social isolation and distancing, it also takes more "me time" and self-care. Thus, the need for cosmetic products with bioactive ingredients that have a medical benefit will increase enormously. The market for cosmetic bioactive ingredients received immense impulses from the COVID-19 pandemic with increasing research and development activities. Several studies have shown the antiviral properties of bioactive ingredients against COVID-19.
Market Overview and Dynamics
The Asia Pacific cosmetic bioactive ingredients market is projected to reach US$ 778.8 million by 2028 from US$ 531.9 million in 2021; it is anticipated to grow at a CAGR of 5.6% from 2021 to 2028. The use of bioactive materials in hair care, akin care, anti-aging product, among others, is an emerging trend in the personal care product industry. Living cells are being explored as ingredients to enhance the bioactivity, while nanoparticles and liposomes are being used as vehicles for the delivery of bioactive ingredients. The cosmetics industry pushes the frontiers of innovation by adopting emerging technologies and providing customers with value-added products. Technologies such as virtual reality (VR) and the Internet of Things (IoT) are gaining traction in the cosmetics industry.
Key Market Segments
In terms of ingredient type, the amino acids segment accounted for the largest share of the Asia Pacific cosmetic bioactive ingredients market in 2020. Further, based on sources, the plant segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the cosmetic bioactive ingredients market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BASF SE; DuPont de Nemours, Inc.; FMC CORPORATION, Cargill, Incorporated, Sensient Technologies Corporation, DSM, Ajinomoto Co. Inc.; Roquette Frères; ADM; and Vytrus Biotech.
Reasons to Buy Report
ASIA PACIFIC COSMETIC BIOACTIVE INGREDIENTS MARKET SEGMENTATION
By Ingredient Type
By Sources
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 531.9 Million |
| Market Size by 2028 | US$ 778.8 Million |
| CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Ingredient Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Cosmetic Bioactive Ingredients Market is valued at US$ 531.9 Million in 2021, it is projected to reach US$ 778.8 Million by 2028.
As per our report Asia Pacific Cosmetic Bioactive Ingredients Market, the market size is valued at US$ 531.9 Million in 2021, projecting it to reach US$ 778.8 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Asia Pacific Cosmetic Bioactive Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cosmetic Bioactive Ingredients Market report:
The Asia Pacific Cosmetic Bioactive Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cosmetic Bioactive Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cosmetic Bioactive Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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