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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.
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.
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.
How is the cosmetic antioxidants industry driven by fresh sources?
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.
How big is the cosmetic antioxidants industry?
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.
What factors are influencing cosmetic antioxidants market growth in North America?
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.
Who are the key cosmetic antioxidants business players?
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.