The global cosmetic antioxidants market is witnessing several new dynamics with a preference for natural products over synthetic, new product launches with specific functions such as Hair Conditioning and Cleansing, Anti-aging, Moisturizing, UV-Protection, Anti-inflammation agents, Others, and rapidly shifting consumer preferences. The cosmetic antioxidants industry analysis provides insights into different types including Vitamins, Carotenoids, Polyphenols, Enzymes, and others. Further, the market size of cosmetic antioxidants is forecast across different applications including Skin Care, Hair Care, and Make-Up from 2021 to 2030. Leading companies and their business profiles are analyzed along with country-level forecasts for over 25 markets worldwide.
Introduction to Cosmetic Antioxidants Market, 2023
The increasing role of antioxidants in cosmetic formulations is supporting the demand for cosmetic antioxidants. Both natural and synthetic cosmetic antioxidants witnessed market recovery in 2022, driven by the demand for personal care and cosmetic applications. Steady growth in spending on anti-aging, skin protection, hair conditioning, and other cosmetic products presents strong market opportunities for cosmetic antioxidant companies.
The addition of antioxidants provides potential benefits including anti-wrinkling, anti-aging, anti- Actinic elastosis, moisturizing, reducing and lightening pigmentation and dark spots on the skin. Accordingly, cosmetic companies manufacturing skin care, hair care, make-up, and other products are rapidly procuring innovative cosmetic antioxidants.
The growing preference for natural antioxidant compounds is encouraging R&D investment in patents and commercial products made from different combinations of plant extracts. Identifying the right compounds and understanding their stability and synergy effects with other compounds for new product launches is widely observed. The use of diverse natural sources including polyphenols, flavonoids, carotenoids, essential oils, pure-natural compounds, and others in cosmetic formulations is being researched by leading companies.
Large market size and strong growth scope encourage companies to invest significantly in new product launches. Further, with increasing demand for naturally sourced cosmetic antioxidants, leading companies are focusing their R&D resources on natural products. The business profiles, SWOT analysis, products and offerings, and financial profiles of the leading 10 companies including Ashland Chemical Company, BASF SE, Evonik Industries AG, Barentz International BV, Kemin Industries Inc, Eastman Chemical Company, BTSA Biotecnologias Aplicadas S.L., Koninklijke DSM N.V, SEPPIC, Wacker Chemie AG, and others are included in the research work.
Cosmetic Antioxidants Market Size Outlook to 2030
The global cosmetic antioxidants market revenue stood at $148 Million in 2022. Recovering market conditions in 2021 and 2022 supported the year-on-year Cosmetic Antioxidants Market growth rate.
Favorable demographics including the growing working women population, aging population, and increasing spending on personal care and cosmetics products support the market outlook. Further, significant growth in male grooming products also is among the key factors fueling the global cosmetic antioxidants market growth.
Accordingly, the market for cosmetic antioxidants is poised to increase at a compounded annual growth rate of 5.89% between 2023 and 2030 to reach a $233.3 Million market size by end of the decade.
The chart below provides the Cosmetic Antioxidants Market Size Outlook to 2030-
The global cosmetics industry including skin care, hair care, fragrances, personal care, and make-up is witnessing a bounce back in sales. After declining by an estimated 15% in 2020, the global cosmetics and personal care industry showed signs of recovery in 2021 and witnessed a strong bounce back in 2022.
The cosmetic industry is witnessing steady growth in new product launches including unisex products, male cosmetics, personalization, increased sales through digital distribution channels, focus on sustainability, and other trends. Cosmetic Antioxidant companies adopting quickly to the industry trends, and prioritizing their strategies to the market developments are likely to gain significant business growth in the medium to long-term future.
Cosmetic Antioxidants Market Share by Type
The cosmetic antioxidants industry analysis provides insights into both natural and synthetic types. Of these, synthetic antioxidants such as BHA, BHT, propyl gallate, and others are the dominant forms as they are inexpensive to produce and the efficacy of the compounds is well established. On the other hand, natural antioxidants are the fastest-growing type in the industry.
Companies marketing natural cosmetic antioxidants continue to gain rapid revenue growth driven by increasing interest in the health effects of natural antioxidants. Plant extracts rich in vitamins, flavonoids, and phenolic compounds are increasingly used in cosmetics to control the oxidative stress caused by sunlight and oxygen.
Amidst the increasing shift towards natural ingredients, leading raw material suppliers are closely collaborating with cosmetic companies to develop natural ingredients for diverse applications that are in line with consumer trends. Further, the trend towards tailor-made cosmetic and personal care products, in particular, in Europe is encouraging the rapid growth in natural ingredients for cosmetic antioxidants.
Cosmetic Antioxidants Market Trends- Hair Conditioning continues to be the dominant function over the forecast period
The leading functions of cosmetic antioxidants include hair conditioning and cleansing, anti-aging, skin moisturizer, UV protection, anti-inflammation agent, and others. Antioxidants prevent vital molecules from being harmed by interacting with free radicals.
Of the different cosmetic antioxidant functions, hair conditioning and hair cleansing function stood as the dominant function in value terms during 2022. The hair conditioning and cleaning function of the cosmetic antioxidants market accounted for a 32.1% share in 2022.
The chart below depicts the market share of each of the leading functions of cosmetic antioxidants in the global industry landscape-
Cosmetic Antioxidants Market Drivers- Skin Care applications hold the dominant market share
To protect skin from external aging factors such as air pollution, UV radiation, microorganisms, and others, antioxidants are increasingly integrated into cosmetic products. Rapid growth in end-user demand including skin care products, tanning creams, hair care products, fragrances, color cosmetics, antiperspirants, and deodorants is encouraging the demand for antioxidants. Amidst significant use of oils, particularly unsaturated oils in the cosmetics industry require antioxidants for stabilizing these products.
The global cosmetic report segments the market size across end-user applications including the Skin Care cosmetic antioxidants market, Hair Care cosmetic antioxidants market, and Make-up cosmetic antioxidants market.
Cosmetic formulation laboratories, cosmetics manufacturers, and other players in the cosmetics industry emphasize new ingredients for the formulation of cosmetics enriched with antioxidants to attract a wide range of customer base.
Of these, the skin-care segment held the largest market share, and over the forecast period, it is likely to remain the dominant user of anti-oxidants. Skin-care products enriched with antioxidants protect against oxidative damage to the skin caused by free radicals and environmental aggressors like UV radiation and pollution. The report provides the cosmetic antioxidants market volume across the applications from 2020 to 2030.
Cosmetic Antioxidants Market Segmentation
Source
Type
Function
Application
Companies
Regions
1. Executive Summary
1.1 Introduction to Cosmetic Antioxidants Markets
1.2 Cosmetic Antioxidants Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Cosmetic Antioxidants Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Cosmetic Antioxidants Market Trends
3.1.1 Potential opportunities in the male grooming segment
3.1.2 Rapid urbanization and emerging lifestyles in developing countries
3.1.3 New product launches focused on specific customer groups
3.2 Key Cosmetic Antioxidants Market Growth Drivers
3.2.1 Rapid penetration of Online Distribution channels
3.2.2 Swift recovery in the post-pandemic period
3.2.3 Increasing volume of the geriatric population
3.3 Key Cosmetic Antioxidants Market Growth Restraints
3.3.1 Stringent regulations governing new product launches
3.3.2 Threat of counterfeit products
3.3.3 High costs involved in natural cosmetic antioxidants
4 Cosmetic Antioxidants Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Cosmetic Antioxidants Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Cosmetic Antioxidants Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Cosmetic Antioxidants Market Size Outlook to 2030
5. Cosmetic Antioxidants Market Segmentation- Outlook by Source
5.1 Cosmetic Antioxidants Market Share Analysis by Source, 2023
5.2 Natural Cosmetic Antioxidants Market Outlook to 2030
5.3 Synthetic Cosmetic Antioxidants Market Outlook to 2030
6. Cosmetic Antioxidants Market Segmentation- Outlook by Type
6.1 Cosmetic Antioxidants Market Share Analysis by Type, 2023
6.2 Vitamins: Cosmetic Antioxidants Market Outlook to 2030
6.3 Carotenoids: Cosmetic Antioxidants Market Outlook to 2030
6.4 Polyphenols: Cosmetic Antioxidants Market Outlook to 2030
6.5 Enzymes: Cosmetic Antioxidants Market Outlook to 2030
6.6 others
7. Cosmetic Antioxidants Market Segmentation- Outlook by Function
7.1 Cosmetic Antioxidants Market Share Analysis by Function, 2023
7.2 Hair Conditioning and Cleansing Market Outlook to 2030
7.3 Anti-aging Market Outlook to 2030
7.4 Moisturizing Market Outlook to 2030
7.5 UV-Protection Market Outlook to 2030
7.6 Anti-inflammation agent Market Outlook to 2030
7.7 Others
8. Cosmetic Antioxidants Market Segmentation- Outlook by Application
8.1 Cosmetic Antioxidants Market Share Analysis by Application, 2023
8.2 Skin Care: Cosmetic Antioxidants Market Outlook to 2030
8.3 Hair Care: Cosmetic Antioxidants Market Outlook to 2030
8.4 Make-Up: Cosmetic Antioxidants Market Outlook to 2030
9. North America Cosmetic Antioxidants Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 North America Cosmetic Antioxidants Market Growth Opportunities
9.2.1 North America Cosmetic Antioxidants Market Outlook by Type, 2021 to 2030
9.2.2 North America Cosmetic Antioxidants Market Outlook by Application, 2021 to 2030
9.2.3 North America Cosmetic Antioxidants Market Outlook by Country, 2021 to 2030
9.3 United States Cosmetic Antioxidants Market Outlook, 2021 to 2030
9.4 Canada Cosmetic Antioxidants Market Outlook, 2021 to 2030
9.5 Mexico Cosmetic Antioxidants Market Outlook, 2021 to 2030
10. Europe Cosmetic Antioxidants Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Europe Cosmetic Antioxidants Market Growth Opportunities
10.2.1 Europe Cosmetic Antioxidants Market Outlook by Type, 2021 to 2030
10.2.2 Europe Cosmetic Antioxidants Market Outlook by Application, 2021 to 2030
10.2.3 Europe Cosmetic Antioxidants Market Outlook by Country, 2021 to 2030
10.3 Germany Cosmetic Antioxidants Market Outlook, 2021 to 2030
10.4 France Cosmetic Antioxidants Market Outlook, 2021 to 2030
10.5 United Kingdom Cosmetic Antioxidants Market Outlook, 2021 to 2030
10.6 Spain Cosmetic Antioxidants Market Outlook, 2021 to 2030
10.7 Italy Cosmetic Antioxidants Market Outlook, 2021 to 2030
10.8 Other Europe Cosmetic Antioxidants Market Outlook, 2021 to 2030
11. Asia Pacific Cosmetic Antioxidants Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Asia Pacific Cosmetic Antioxidants Market Growth Opportunities
11.2.1 Asia Pacific Cosmetic Antioxidants Market Outlook by Type, 2021 to 2030
11.2.2 Asia Pacific Cosmetic Antioxidants Market Outlook by Application, 2021 to 2030
11.2.3 Asia Pacific Cosmetic Antioxidants Market Outlook by Country, 2021 to 2030
11.3 China Cosmetic Antioxidants Market Outlook, 2021 to 2030
11.4 Japan Cosmetic Antioxidants Market Outlook, 2021 to 2030
11.5 India Cosmetic Antioxidants Market Outlook, 2021 to 2030
11.6 South Korea Cosmetic Antioxidants Market Outlook, 2021 to 2030
11.7 Indonesia Cosmetic Antioxidants Market Outlook, 2021 to 2030
11.8 Other Asia Pacific Cosmetic Antioxidants Market Outlook, 2021 to 2030
12. South and Central America Cosmetic Antioxidants Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 South and Central America Cosmetic Antioxidants Market Growth Opportunities
12.2.1 South and Central America Cosmetic Antioxidants Market Outlook by Type, 2021 to 2030
12.2.2 South and Central America Cosmetic Antioxidants Market Outlook by Application, 2021 to 2030
12.2.3 South and Central America Cosmetic Antioxidants Market Outlook by Country, 2021 to 2030
12.3 Brazil Cosmetic Antioxidants Market Outlook, 2021 to 2030
12.4 Argentina Cosmetic Antioxidants Market Outlook, 2021 to 2030
12.5 Other Latin America Cosmetic Antioxidants Market Outlook, 2021 to 2030
13. Middle East and Africa Cosmetic Antioxidants Market Outlook and Opportunities to 2030
13.1 Market Snapshot, 2023
13.2 Middle East and Africa Cosmetic Antioxidants Market Growth Opportunities
13.2.1 Middle East and Africa Cosmetic Antioxidants Market Outlook by Type, 2021 to 2030
13.2.2 Middle East and Africa Cosmetic Antioxidants Market Outlook by Application, 2021 to 2030
13.2.3 Middle East and Africa Cosmetic Antioxidants Market Outlook by Country, 2021 to 2030
13.3 Saudi Arabia Cosmetic Antioxidants Market Outlook, 2021 to 2030
13.4 United Arab Emirates (the UAE) Cosmetic Antioxidants Market Outlook, 2021 to 2030
13.5 Other Middle East Cosmetic Antioxidants Market Outlook, 2021 to 2030
13.6 Egypt Cosmetic Antioxidants Market Outlook, 2021 to 2030
13.7 South Africa Cosmetic Antioxidants Market Outlook, 2021 to 2030
13.8 Other Africa Cosmetic Antioxidants Market Outlook, 2021 to 2030
14. Profiles of major world Cosmetic Antioxidants Companies
14.1 Ashland Chemical Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.2 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.3 Evonik Industries AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.4 Barentz International BV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.5 Kemin Industries, Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.6 Eastman Chemical Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.7 BTSA Biotecnologias Aplicadas S.L.,
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14.8 Koninklijke DSM N.V.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
14.9 SEPPIC
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
14.10 Wacker Chemie AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
15. Appendix
15.1 Publisher’s Expertise
15.2 List of Tables and Charts
15.3 List of Exhibits
15.4 Legal Disclaimer
Rapid urbanization and emerging lifestyles in developing countries, new product launches focused on specific customer groups, rapid penetration of Online Distribution channels, Swift recovery in the post-pandemic period, the Increasing volume of the geriatric population, and others
The global cosmetic antioxidants market revenue stood at $148 Million in 2022.
The market for cosmetic antioxidants is poised to increase at a compounded annual growth rate of 5.89% between 2023 and 2030 to reach a $233 Million market size by end of the decade.
Ashland Chemical Company, BASF SE, Evonik Industries AG, Barentz International BV, Kemin Industries Inc, Eastman Chemical Company, BTSA Biotecnologias Aplicadas S.L., Koninklijke DSM N.V., SEPPIC, Wacker Chemie AG, and others
Potential opportunities in the unisex and male grooming segments and new product launch in natural plant-based cosmetic antioxidants offer strong growth prospects