Active Cosmetics Market Analysis 2024: Consumer Trends and Product Innovations

The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Active Cosmetics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The active cosmetics market size has grown rapidly in recent years. It will grow from $9.44 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to e-commerce growth, regulatory support for safe ingredients, expansion in emerging markets, surge in demand for organic and natural beauty products, improvement in current lifestyles.

The active cosmetics market size is expected to see rapid growth in the next few years. It will grow to $17.21 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to increasing consumer awareness, focus on anti-aging solutions, rising disposable income, increasing demand for skincare products, rising consumer awareness. Major trends in the forecast period include product innovation, collaboration with recyclable and biodegradable material providers, partnerships, collaborations, increasing company investments.

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Key Market Players:

Major companies operating in the active cosmetics market report are Johnson & Johnson, BASF SE , The Procter & Gamble, Unilever Plc, L'Oréal S.A., Wacker Chemie AG, Estée Lauder, Estee Lauder Companies Inc., International Flavors & Fragrances, Eastman Chemical Company, DSM, Givaudan, Lonza, Clinique, Symrise AG, Symrise, Avon, Evonik Industries AG, Croda International Plc, Revlon, CeraVe, Laboratoires Expanscience, Shiseido Company Ltd., The Face Shop, La Roche-Posay Laboratoire Dermatologique SAS, Lucas Meyer Cosmetics, Naolys, Skinbetter Science, Mixa , Vichy, SkinCeuticals

Market Drivers:

The growing demand for natural and organic skincare products is expected to propel the growth of the active cosmetic market going forward. Natural and organic skincare products are beauty and skincare formulations that are crafted using ingredients derived from natural sources and produced without the use of synthetic chemicals, artificial additives, or harsh preservatives. Natural and organic skincare products can enhance the active cosmetics experience by providing gentle, hydrating, and environmentally conscious formulations that align with the preferences of individuals leading active lifestyles. For instance, in June 2023, according to the Centre for the Promotion of Imports from Developing Countries, a Netherlands-based intergovernmental organization, UK market sales of certified organic cosmetics increased by 15% and reached (US$150.13) £138.23 million in 2021. Therefore, the growing demand for natural and organic skincare drives the active cosmetic products market.

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The active cosmetics market covered in this report is segmented -

1) By Product: Liquid, Cream, Other Products
2) By Gender: Male, Female
3) By Distribution Channel: Drug Stores, Mass Merchandiser, Online, Department Stores, Others
4) By Application: Skin Care, Hair Care, Other Applications

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