Global Active Ingredients Market is expected to foresee significant growth. The North America to lead the growth!

Global 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 global active ingredients market is growing due to increasing demand for cosmetics for the women and elderly population though, rising the adoption of inorganic growth strategies among key industry players around the globe. For instance, inJanuary 2020, BASF SE launched new skincare active ingredients Hydagen® Aquaporin, Hydrasensyl® Glucan, and Inolixir™ for makeup applications at Cosmet’Agora 2020 in Paris. Owing to these glaring statistics the demand for active ingredients is anticipated to grow in the forthcoming years as the increasing demand for the cosmetics product for youth as well as elderly population which boosted the growth of cosmetics industry which leads to a faster production of active ingredients. Moreover, change in lifestyle associated with the growth of cosmetic products and the increasing per capita income of consumers is fueling the demand for the active ingredients market. Furthermore, government approval for the news drugs system and awareness about the good effect of personal care products is expected to drive the market for active ingredients market in the coming years.

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Based on the products, the active ingredients market is segmented into conditioning agents, UV filters, skin lightening agents, anti- ageing agents, 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 the low cost and wide applicability of conditioning agents in skin and hair care products.

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.

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For a better understanding of the market adoption of active ingredients market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. 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 whereas rising demand for cosmetic section and skin care products in this region.

Some of the major players operating in the market include Akzo Nobel NV, BASF SE, Ashland Inc, Seppic SA, Evonik Industries AG, Clariant AG, Lucas Meyer Cosmetics, Sederma Inc, Gattefosse, Lonza Group Ltd.

Global Active Ingredients Market Segmentation

Market Insight, by Product

• Conditioning Agents
• UV Filters
• Skin Lightening Agents
• Anti-Ageing Agents
• Others

Market Insight, by Application

• Hair Care
• Skin Care
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Akzo Nobel NV
• BASF SE
• Ashland Inc
• Seppic SA
• Evonik Industries AG
• Clariant AG
• Lucas Meyer Cosmetics
• Sederma Inc
• Gattefosse
• Lonza Group Ltd.