Home > Chemicals & Materials > Personal Care and Cosmetics > Functional Cosmetic Ingredients Market

Functional Cosmetic Ingredients Market Size

Report ID: GMI6354
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Functional Cosmetic Ingredients Market Size

Functional Cosmetic Ingredients Market size was valued at around USD 3.3 billion in 2022 and is estimated to register over 3.3% CAGR between 2023 and 2032. Consumers are increasingly seeking cosmetic products with natural and sustainable ingredients. Functional cosmetic ingredients derived from plants, fruits, and botanical extracts are in high demand due to their perceived safety and eco-friendliness.

To get key market trends

Download Free Sample

The rise in the aging population and the desire for youthful, radiant skin drive the demand for functional ingredients like peptides, antioxidants, and collagen boosters known for their anti-aging properties.

Functional Cosmetic Ingredients Market Report Attributes
Report Attribute	Details
Base Year:	2022
Functional Cosmetic Ingredients Market Size in 2022:	USD 3.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.1%
2032 Value Projection:	USD 5.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	190
Segments covered:	Ingredient, Application, Functionality, Region
Growth Drivers:	Increasing fashion trends Rising elderly aged population Rapid expansion of the cosmetics industry
Pitfalls & Challenges:	Regulatory Compliance and Safety Concerns Formulation Compatibility and Stability Rapidly Evolving Consumer Preferences

Learn more about the key segments shaping this market

Download Free Sample

Meeting stringent regulatory requirements and safety standards for cosmetic ingredients can be challenging. Ingredient manufacturers must ensure their products are safe for consumers and comply with various regulations in different regions. Incorporating functional ingredients into cosmetic formulations may lead to compatibility issues or stability challenges, affecting the product's overall performance and shelf life. Consumer preferences in the beauty and personal care industry change rapidly. Ingredient manufacturers and cosmetic brands must keep up with these evolving trends and develop innovative ingredients to stay competitive.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for cosmetic ingredients was valued at around USD 3.3 billion in 2022 and is estimated to reach USD 5.5 billion by 2032.

Skin care products held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032, driven by consumers preference for products with moisturizing, anti-aging, brightening, and soothing properties to address various skin concerns.

The U.S. industry was worth USD 0.7 billion in 2022 and will continue to offer significant growth opportunity from 2023-2032 owing to the strong consumer emphasis on skincare and personal care routines, having functional cosmetic ingredients that offer specific benefits.

BASF SE, Dow Inc., Croda International Plc, Ashland Global Holdings Inc., Clariant International Ltd., Evonik Industries AG, Givaudan SA, Lonza Group Ltd., DSM Nutritional Products AG, Solvay SA, Lubrizol Corporation, Innospec Inc., Eastman Chemical Company, Wacker Chemie AG, Seppic SA) among others.