Functional Cosmetic Ingredient Market
Functional Cosmetic Ingredient Market Forecasts to 2030 - Global Analysis By Product (Emollients, Humectants, Emulsifiers, Preservatives, Thickeners, Surfactants, Colorants, Fragrances, Active Ingredients, Anti-aging Agents, Ultraviolet Filters, Skin Conditioning Agents and Other Products), Source, Formulation, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $3.52 BN |
|
Projected Year Value (2030) |
US $5.41 BN |
|
CAGR (2024 - 2030) |
7.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Functional Cosmetic Ingredient Market is accounted for $3.52 billion in 2024 and is expected to reach $5.41 billion by 2030 growing at a CAGR of 7.8% during the forecast period. A functional cosmetic ingredient is a component added to cosmetic formulations to perform specific tasks that enhance the product's effectiveness and user experience. These ingredients can provide benefits such as moisturizing, emulsifying, thickening, or stabilizing formulations. They are typically selected based on their compatibility with other ingredients and their ability to meet regulatory standards.
According to the Population Reference Bureau (PRB) statistics 2022, 65% of the population using anti-aging products falls under the age group of 16-64 years worldwide.
Market Dynamics:
Driver:
Rise in anti-aging products
Consumers increasingly seek formulations that offer benefits such as skin firmness, elasticity, and hydration, leading brands to incorporate advanced functional ingredients like peptides, retinoids, and antioxidants. This trend encourages innovation and research in ingredient development, as companies strive to create effective solutions that meet consumer expectations. Additionally, the aging population amplifies the need for these products, further expanding market opportunities and fostering a competitive landscape focused on anti-aging benefits and results-driven formulations.
Restraint:
Consumer mistrust
Consumer mistrust in functional cosmetic ingredients arises from concerns over product safety, efficacy, and transparency. High-profile incidents of allergic reactions, misleading marketing claims, and a lack of understanding about ingredient sourcing can create skepticism. Additionally, the prevalence of harmful chemicals in some products contributes to wariness toward unfamiliar ingredients. This mistrust hampers market growth by deterring potential buyers from trying new products, leading to lower sales and limiting brands' ability to innovate.
Opportunity:
Influence of social media
Platforms like Instagram, TikTok, and YouTube allow beauty influencers and skincare enthusiasts to showcase products and highlight specific functional ingredients, educating their followers about benefits and usage. Viral trends and challenges often lead to increased demand for innovative ingredients, as consumers seek the latest beauty solutions. Additionally, user-generated content and reviews build trust and credibility for brands, fostering a community around skincare and beauty that encourages exploration and experimentation with new functional ingredients, ultimately driving market growth.
Threat:
Prevalence of counterfeit cosmetics
Counterfeit products often contain harmful substances and lack quality assurance, posing health risks to consumers. This undermines brand trust and can lead to negative perceptions of genuine products. Additionally, counterfeit cosmetics can create unfair competition, impacting sales for legitimate brands and deterring investment in innovation. The resultant legal and regulatory challenges further hamper market growth, as companies must allocate resources to combat counterfeiting and protect their reputations.
Covid-19 Impact
The covid-19 pandemic significantly impacted the functional cosmetic ingredient market by altering consumer behaviour and increasing demand for health-oriented and hygiene-focused products. With a heightened emphasis on skincare and wellness, consumers sought products with functional ingredients that offer benefits such as antimicrobial properties and skin barrier protection. The pandemic also accelerated the shift towards e-commerce, prompting brands to innovate and adapt their product offerings to meet changing consumer preferences.
The makeup segment is expected to be the largest during the forecast period
The makeup segment is predicted to secure the largest market share throughout the forecast period. Functional cosmetic ingredients play a crucial role in makeup applications by enhancing performance, texture, and longevity. Ingredients such as silicones provide smooth application and a silky feel, while pigments ensure vibrant colors. Ingredients like film formers and setting agents enhance product durability, making makeup resistant to smudging and fading. The integration of skincare benefits, such as antioxidants and SPF, further blurs the line between makeup and skincare, catering to the growing demand for multifunctional beauty solutions.
The professional users segment is expected to have the highest CAGR during the forecast period
The professional users segment is anticipated to witness the highest CAGR during the forecast period. Functional cosmetic ingredients are essential in professional user applications, such as in salons and cosmetic studios. These ingredients enhance the performance and results of professional-grade products, including hair dyes, skincare treatments, and makeup. Additionally, the incorporation of innovative ingredients helps professionals stay competitive, as they offer unique services and formulations that cater to evolving consumer preferences.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period driven by a burgeoning middle class and rising disposable incomes. The influence of K-beauty and J-beauty trends promotes advanced formulations and multifunctional products that cater to diverse skin concerns. Additionally, the focus on sustainability and clean beauty practices is prompting brands to adopt eco-friendly sourcing and production methods, fostering a competitive landscape rich in innovation and consumer engagement.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period driven by a strong consumer preference for innovative and effective beauty products. The rise of e-commerce and social media has transformed how consumers discover and purchase cosmetics, driving trends towards personalization and customization. Furthermore, the aging population fuels demand for anti-aging products, while regulatory scrutiny ensures high standards for ingredient safety and efficacy, creating a competitive and evolving market landscape.
Key players in the market
Some of the key players profiled in the Functional Cosmetic Ingredient Market include BASF SE, Evonik Industries AG, Croda International PLC, Dow Inc., Ashland Global Holdings Inc., Clariant AG, Oleon Health & Beauty, Ingredion Incorporated, Solvay SA, Mitsubishi Chemical Corporation, Innospec Inc., Kraton Corporation, AkzoNobel N.V., Lonza Group AG, International Flavors & Fragrances Inc. (IFF), Apoena Biotech, Sensient Technologies Corporation, Symrise AG and Biesterfeld AG.
Key Developments:
In August 2024, Oleon Health & Beauty launched Radiastar 1436. This innovative ingredient is a vegetable-based, multibranched Guerbet alcohol designed to enhance cosmetic formulations, particularly in lipsticks. Radiastar 1436 stands out due to its ability to improve the break strength and gloss of lip products while offering excellent adhesion and a unique sensory profile.
In May 2024, Apoena Biotech launched “Apobio Film” a cutting-edge postbiotic ingredient designed for both hair and skin care, offering multifunctional benefits through its unique formulation. Apobio Film forms a protective biofilm on the surface of hair and skin, which helps retain moisture and prevent dryness.
Products Covered:
• Emollients
• Humectants
• Emulsifiers
• Preservatives
• Thickeners
• Surfactants
• Colorants
• Fragrances
• Active Ingredients
• Anti-aging Agents
• Ultraviolet Filters
• Skin Conditioning Agents
• Other Products
Sources Covered:
• Natural Ingredients
• Synthetic Ingredients
Formulations Covered:
• Foams
• Sticks & Balm
• Sprays
• Liquids
• Powders
• Emulsions
• Other Formulations
Applications Covered:
• Skin Care
• Hair Care
• Makeup
• Fragrances
• Oral Care
• Other Applications
End Users Covered:
• Individual Consumers
• Professional Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Functional Cosmetic Ingredient Market, By Product
5.1 Introduction
5.2 Emollients
5.3 Humectants
5.4 Emulsifiers
5.5 Preservatives
5.6 Thickeners
5.7 Surfactants
5.8 Colorants
5.9 Fragrances
5.10 Active Ingredients
5.11 Anti-aging Agents
5.12 Ultraviolet Filters
5.13 Skin Conditioning Agents
5.14 Other Products
6 Global Functional Cosmetic Ingredient Market, By Source
6.1 Introduction
6.2 Natural Ingredients
6.3 Synthetic Ingredients
7 Global Functional Cosmetic Ingredient Market, By Formulation
7.1 Introduction
7.2 Foams
7.3 Sticks & Balm
7.4 Sprays
7.5 Liquids
7.6 Powders
7.7 Emulsions
7.8 Other Formulations
8 Global Functional Cosmetic Ingredient Market, By Application
8.1 Introduction
8.2 Skin Care
8.3 Hair Care
8.4 Makeup
8.5 Fragrances
8.6 Oral Care
8.7 Other Applications
9 Global Functional Cosmetic Ingredient Market, By End User
9.1 Introduction
9.2 Individual Consumers
9.3 Professional Users
10 Global Functional Cosmetic Ingredient Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Evonik Industries AG
12.3 Croda International PLC
12.4 Dow Inc.
12.5 Ashland Global Holdings Inc.
12.6 Clariant AG
12.7 Oleon Health & Beauty
12.8 Ingredion Incorporated
12.9 Solvay SA
12.10 Mitsubishi Chemical Corporation
12.11 Innospec Inc.
12.12 Kraton Corporation
12.13 AkzoNobel N.V.
12.14 Lonza Group AG
12.15 International Flavors & Fragrances Inc. (IFF)
12.16 Apoena Biotech
12.17 Sensient Technologies Corporation
12.18 Symrise AG
12.19 Biesterfeld AG
List of Tables
1 Global Functional Cosmetic Ingredient Market Outlook, By Region (2022-2030) ($MN)
2 Global Functional Cosmetic Ingredient Market Outlook, By Product (2022-2030) ($MN)
3 Global Functional Cosmetic Ingredient Market Outlook, By Emollients (2022-2030) ($MN)
4 Global Functional Cosmetic Ingredient Market Outlook, By Humectants (2022-2030) ($MN)
5 Global Functional Cosmetic Ingredient Market Outlook, By Emulsifiers (2022-2030) ($MN)
6 Global Functional Cosmetic Ingredient Market Outlook, By Preservatives (2022-2030) ($MN)
7 Global Functional Cosmetic Ingredient Market Outlook, By Thickeners (2022-2030) ($MN)
8 Global Functional Cosmetic Ingredient Market Outlook, By Surfactants (2022-2030) ($MN)
9 Global Functional Cosmetic Ingredient Market Outlook, By Colorants (2022-2030) ($MN)
10 Global Functional Cosmetic Ingredient Market Outlook, By Fragrances (2022-2030) ($MN)
11 Global Functional Cosmetic Ingredient Market Outlook, By Active Ingredients (2022-2030) ($MN)
12 Global Functional Cosmetic Ingredient Market Outlook, By Anti-aging Agents (2022-2030) ($MN)
13 Global Functional Cosmetic Ingredient Market Outlook, By Ultraviolet Filters (2022-2030) ($MN)
14 Global Functional Cosmetic Ingredient Market Outlook, By Skin Conditioning Agents (2022-2030) ($MN)
15 Global Functional Cosmetic Ingredient Market Outlook, By Other Products (2022-2030) ($MN)
16 Global Functional Cosmetic Ingredient Market Outlook, By Source (2022-2030) ($MN)
17 Global Functional Cosmetic Ingredient Market Outlook, By Natural Ingredients (2022-2030) ($MN)
18 Global Functional Cosmetic Ingredient Market Outlook, By Synthetic Ingredients (2022-2030) ($MN)
19 Global Functional Cosmetic Ingredient Market Outlook, By Formulation (2022-2030) ($MN)
20 Global Functional Cosmetic Ingredient Market Outlook, By Foams (2022-2030) ($MN)
21 Global Functional Cosmetic Ingredient Market Outlook, By Sticks & Balm (2022-2030) ($MN)
22 Global Functional Cosmetic Ingredient Market Outlook, By Sprays (2022-2030) ($MN)
23 Global Functional Cosmetic Ingredient Market Outlook, By Liquids (2022-2030) ($MN)
24 Global Functional Cosmetic Ingredient Market Outlook, By Powders (2022-2030) ($MN)
25 Global Functional Cosmetic Ingredient Market Outlook, By Emulsions (2022-2030) ($MN)
26 Global Functional Cosmetic Ingredient Market Outlook, By Other Formulations (2022-2030) ($MN)
27 Global Functional Cosmetic Ingredient Market Outlook, By Application (2022-2030) ($MN)
28 Global Functional Cosmetic Ingredient Market Outlook, By Skin Care (2022-2030) ($MN)
29 Global Functional Cosmetic Ingredient Market Outlook, By Hair Care (2022-2030) ($MN)
30 Global Functional Cosmetic Ingredient Market Outlook, By Makeup (2022-2030) ($MN)
31 Global Functional Cosmetic Ingredient Market Outlook, By Fragrances (2022-2030) ($MN)
32 Global Functional Cosmetic Ingredient Market Outlook, By Oral Care (2022-2030) ($MN)
33 Global Functional Cosmetic Ingredient Market Outlook, By Other Applications (2022-2030) ($MN)
34 Global Functional Cosmetic Ingredient Market Outlook, By End User (2022-2030) ($MN)
35 Global Functional Cosmetic Ingredient Market Outlook, By Individual Consumers (2022-2030) ($MN)
36 Global Functional Cosmetic Ingredient Market Outlook, By Professional Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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