Middle East and Africa Cosmetic Bioactive Ingredients Market

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 Middle East and Africa 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 Middle East and Africa cosmetic bioactive ingredients market.

Cosmetic clinics in the UAE have been adhering to all of the regulations set by their regulators, with all safety measures in place, such as routine cleaning and regular Covid-19 testing for employees, to ensure the health and safety of all as business upsurges. However, the market in this pandemic is on declining due to the reduced demand for cosmetic treatments due to the outbreak of COVID-19. The countries mainly focused on the treatment of Covid 19 patients and hence the appointments for the dermatological surgeries are postponed. The UAE and Saudi Arabia are considered among the world’s biggest markets for makeup and skincare products. Saudi women typically rack up $909 in yearly bills, the highest in the world, while Emirati women spend 694 dollars a year, according to a study conducted this year by discount site Picodi.com. The retail value of the Middle East and Africa (MEA) region’s beauty and personal care market also showed strong growth potential prior to the pandemic, going up by eight percent to $34.9 billion in 2019, from $32.4 billion a year earlier, according to Euromonitor. The market hit a slump in March when the coronavirus lockdowns were imposed, and consumer spending habits shifted. “Consumers prioritized products focused on preventative health. The impact of the COVID19 pandemic on the regional market is moderate.

Market Overview and Dynamics

The Middle East and Africa cosmetic bioactive ingredients market is projected to reach US$ 79.7 million by 2028 from US$ 60.7 million in 2021; it is anticipated to grow at a CAGR of 4.0% from 2021 to 2028. Growing awareness about environment-friendly products, coupled with increasing demand for cosmetic products, is a key factor supporting the progress of the cosmetic bioactive ingredients market. Rising concerns about the side effects of chemical constituents used in cosmetics are compelling manufacturers to substitute these substances with natural materials. Similarly, many brands are focused on reducing their environmental footprints by using renewable raw materials and more sustainable packaging and adopting greener processes. This has led to shift in the focus of cosmetic manufactures toward natural ingredients. This is also followed by the enforcement of strict laws that require manufacturers to prove product safety, which compels the cosmetic manufacturers to abide by the regulatory framework and use more natural ingredients in their formulations. Thus, the preference for natural ingredients in cosmetics is bolstering the Middle East and Africa cosmetic bioactive ingredients market.

Key Market Segments

In terms of ingredient type, the amino acids segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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.; ADM; and Vytrus Biotech.

Reasons to Buy Report

• To understand the Middle East and Africa cosmetic bioactive ingredients market landscape and identify market segments that are likely to guarantee a strong return
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• To efficiently plan merger and acquisition, and partnership deals in the Middle East and Africa cosmetic bioactive ingredients market by identifying segments with the most promising probable sales
• To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• To obtain market revenue forecast of the Middle East and Africa cosmetic bioactive ingredients market based on various segments for the period 2021–2028

MIDDLE EAST AND AFRICA COSMETIC BIOACTIVE INGREDIENTS MARKET SEGMENTATION

By Ingredient Type

• Probiotics and Prebiotics
• Omega-3 Fatty Acids
• Vitamins
• Carotenoids and Antioxidants
• Plant Extracts
• Minerals
• Amino Acids
• Proteins and Peptides
• Others

By Sources

• Plant
• Animal
• Microbial

By Country

• Middle East and Africa

• • • • UAE
      • Saudi Arabia
      • South Africa
      • Rest of Middle East and Africa

Companies Mentioned

1. BASF SE
2. DuPont de Nemours, Inc.
3. FMC CORPORATION
4. Cargill, Incorporated
5. Sensient Technologies Corporation
6. DSM
7. Ajinomoto Co. Inc.
8. ADM
9. Vytrus Biotech

Middle East and Africa Cosmetic Bioactive Ingredients Market Strategic Insights

Middle East and Africa Cosmetic Bioactive Ingredients Market Segmentation Analysis

Middle East and Africa Cosmetic Bioactive Ingredients Market Report Highlights

Middle East and Africa Cosmetic Bioactive Ingredients Report Scope

Middle East and Africa Cosmetic Bioactive Ingredients Market Country and Regional Insights