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Active Cosmetics Market Size, Share, Trends And Revenue Report 2024
Active Cosmetics Market Size
As per the report, 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 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%.
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Rising Demand For Natural And Organic Skincare Fuels Growth In The Active Cosmetic Market
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.
New Standard With Natural-Origin Retinol
Major companies operating in the active cosmetics market are developing innovative products, such as natural-origin retinol, to better serve customers with advanced features. Natural-origin retinol refers to a form of retinol, a derivative of vitamin A, that is derived from natural sources rather than being synthetically produced. For instance, in February 2023, Givaudan, a Switzerland-based manufacturer of active cosmetic ingredients, launched RetiLife. This innovative active cosmetic ingredient results from advanced biotechnology development, utilizing microorganisms to produce pure retinol within a natural carrier through a fermentation process from plant sugars. Combined with natural antioxidants for enhanced protection, RetiLife achieves a remarkably high concentration of pure retinol. It marks the first-of-its-kind sustainable substitute for synthetic retinol, delivering comparable anti-wrinkle efficacy. With its 100% natural-origin content, including sunflower oil as a carrier, RetiLife distinguishes itself by avoiding synthetic additives like BHT/BHA or polysorbate. Moreover, its molecular structure mirrors that of its chemical counterpart.
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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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
Contents of the report:
1. Executive Summary
2. Active Cosmetics Market Report Structure
3. Active Cosmetics Market Trends And Strategies
4. Active Cosmetics Market - Macro Economic Scenario
5. Active Cosmetics Market Size And Growth
…..
27. Active Cosmetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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