Active Ingredients Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Conditioning Agents, UV Filters, Skin Lightening Agents, Anti- Ageing Agents, Others); Application (Hair Care, Skin Care, Others); and Region/Country
The active ingredients market is expected to register a CAGR of approx. 5% over the period of 2022-2028. Active ingredients are the components in products that are responsible for the favorable benefits experienced by customers. Agrochemicals, cosmetics, and medicine manufacture all frequently use active compounds. Ceramides, niacinamide, hyaluronic acid, retinol, hydroquinone & kojic acid, salicylic acid, and alpha-hydroxic acid are a few of the important active chemicals utilized in personal care & cosmetics products, among many more. The growing demand for active ingredients can be attributed to the rise in demand for the anti- aging product by the elderly population across the globe. For instance, according to the OECD, in United states, the elderly population increased from 15.61% in 2017 to 16.83% in 2021 by total population. Owing to the glaring statistics due to the rising elderly population the demand anti-ageing product is boosted across the globe is leading to the growing demand for active ingredients and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the active ingredients market is anticipated to grow on account of the rise in demand for men’s grooming products which is increasing the demand of skin and hair care products though the rise in demand for the active ingredients. In addition, increasing awareness among consumers about the good effects of personal care products drives market growth. However, some of the restraints in the market, including the high costs of raw materials are impeding the growth of this market all over the world.
Akzo Nobel NV, BASF SE, Ashland Inc, Seppic SA, Evonik Industries AG, Clariant AG, Lucas Meyer Cosmetics, Sederma Inc, Gattefosse, Lonza Group Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the conditioning agents category is expected to witness considerable CAGR during the forecast period”
Based on the products, the active ingredients market is segmented into conditioning agents, UV filters, skin lightening agents, anti- ageing agents, and others. The conditioning agents segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Conditioning agents are growing due to the low cost and wide applicability of conditioning agents in skin and hair care products.
“Amongst applications, the skin care category is expected to witness considerable CAGR during the forecast period”
Based on the applications, the market is fragmented into hair care, skin care, and others. The skin care segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Skincare is being increasingly used as a term that umbrellas a range of products that promise to slow, pause, or reverse aging. Increasing adoption of skincare products such as moisturizers, anti-aging products, and men grooming products are also boosting the growth of the segment.
“ Europe to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the active ingredients market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Europe constitutes a major market for the active ingredients industry owing the rising frequency of preventable chronic diseases, increased government focus on generic medications, rising government focus on generic medications and rising demand for cosmetic section and skin care products in this region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Active Ingredients Market|
|2.2.||Research Methodology of the Active Ingredients Market|
|5||IMPACT OF COVID-19 ON THE ACTIVE INGREDIENTSMARKET|
|6||GLOBAL ACTIVE INGREDIENTS MARKET REVENUE (USD BN), 2019-2027F|
|7.3.||Skin Lightening Agents|
|7.4.||Anti- Ageing agents|
|9.1||NORTH AMERICA ACTIVE INGREDIENTS MARKET|
|9.1.3||Rest of North America|
|9.2||EUROPE ACTIVE INGREDIENTS MARKET|
|9.2.6||Rest of Europe|
|9.3||ASIA PACIFIC ACTIVE INGREDIENTS MARKET|
|9.3.5||Rest of Asia Pacific|
|9.4||REST OF WORLD ACTIVE INGREDIENTS MARKET|
|11||ACTIVE INGREDIENTS MARKET OPPORTUNITIES|
|12||ACTIVE INGREDIENTS MARKET TRENDS & INSIGHTS|
|13.1||Demand Side Analysis|
|13.2||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|15.1.1||Porter’s Five forces analysis|
|16.1.||Akzo Nobel NV|
|16.5.||Evonik Industries AG|
|16.7.||Lucas Meyer Cosmetics|
|16.10.||Lonza Group Ltd.|
Research Methodology for the Global Active Ingredients Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global active ingredients market were the three major steps undertaken to create and analyze the adoption of active ingredients in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global active ingredients market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the active ingredients market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the active ingredients market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product and applications. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the active ingredients market. Further, we conducted factor analysis using dependent and independent variables such as rise in demand for the anti-aging product by the elderly population, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the active ingredients market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global active ingredients market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the active ingredients market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global active ingredients market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global active ingredients market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and applications in the global active ingredients market.
The main objective of the Global Active Ingredients Market Study
The current & future market trends of the global active ingredients market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the active ingredients market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product and applications.
- Define and analysis of the regulatory framework for the active ingredients market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the active ingredients market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the active ingredients market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry