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Cosmetic Antioxidants Market Size

Report ID: GMI6536
Published Date: Aug 2023
Report Format: PDF

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Cosmetic Antioxidants Market Size

Cosmetic Antioxidants Market was valued at 138.6 million in 2023 and is anticipated to grow at a CAGR of 6.2% between 2024 and 2032. Consumers seek cosmetic antioxidants for their potential to protect the skin from oxidative stress, which can lead to premature aging and other skin concerns. Exposure to pollutants, UV radiation, and other environmental stressors can lead to skin damage. Cosmetic antioxidants help counteract the effects of these stressors.

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The trend towards self-care and wellness has driven demand for skincare products that promote overall skin health and protection, where antioxidants play a crucial role.

Cosmetic Antioxidants Market Report Attributes
Report Attribute	Details
Base Year:	2023
Cosmetic Antioxidants Market Size in 2023:	USD 138.6 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 237.9 Million
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Function, Application, Region
Growth Drivers:	Growing cosmetics market Growing ages population Increasing fashion trends
Pitfalls & Challenges:	Formulation Challenges Ingredient Sourcing and Quality Control Efficacy Concerns

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Incorporating antioxidants into cosmetic formulations can be complex due to their stability, compatibility, and potential interactions with other ingredients. Ensuring a consistent and high-quality supply of antioxidant ingredients can be challenging, particularly for natural and plant-derived antioxidants. Consumers expect visible results from their skincare products. Demonstrating the efficacy of antioxidants and managing consumer expectations can be a challenge.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cosmetic antioxidants was reached 138.6 million in 2023 and is projected to witness around 6.2% CAGR through 2032, due to increasing trend towards self-care and wellness among consumers worldwide.

Cosmetic antioxidants market size from the fresh sources segment was USD 83.7 million in 2022 and will witness substantial growth by 2032 on account of the skin brightening and pigmentation-reducing effects of natural antioxidants.

North America market for cosmetic antioxidants reached USD 27.5 million in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the increasing emphasis on skincare and overall wellness in the region.

BASF SE, DSM Nutritional Products AG, Croda International Plc, Ashland Global Holdings Inc., Lonza Group Ltd., Eastman Chemical Company, Evonik Industries AG, and Kemin Industries, Inc., are some of the major cosmetic antioxidants companies worldwide.