Growing demand for men’s cosmetics is driving the cosmetic antioxidants market

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“Browse through 283 Market Data Tables and 77 Figures spread over 278 Pages and In-Depth TOC on ‘Cosmetic Antioxidants Market'”

Cosmetic Antioxidants Market by Source (Natural, Chemically Derived), Type (Vitamins, Enzymes, Polyphenols), Function (Anti-Aging, Hair Conditioning, UV Protection) and Application (Skincare, Haircare, Makeup)

the cosmetic antioxidants market The size is expected to reach USD 158 million by 2025 from USD 119 million in 2020, at a CAGR of 5.9%. The growth of the cosmetic antioxidants market is mainly triggered by the growing demand for anti-aging cosmetics. Aging is a natural phenomenon; however, consuming antioxidants can slow the aging process. The aging population is one of the biggest consumers of cosmetic products. With the increasing aging of the world’s population, anti-aging skincare products are in high demand.

The global male cosmetics market is booming as a number of men are using cosmetics. The growth in the sale of male cosmetics can be attributed to the change in lifestyle and the increase in disposable income of consumers. Wrinkles, dark spots and dull skin are common problems for men. Thus, skincare products such as anti-aging, moisturizing and sunscreen creams are used by men. The aesthetic has become popular among the male population. Currently, only a small number of men use makeup products, but this segment is expected to grow in the near future.

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Cosmetic ingredient companies work closely with cosmetic companies to achieve the desired results. Major cosmetics companies have launched brands and sub-brands specifically targeting the male cosmetics segment to address unmet needs. Europe is expected to be the largest men’s cosmetics market while Asia-Pacific is expected to be the fastest growing men’s cosmetics market during the forecast period.

Ashland Global Holdings (United States), Lonza Group (Switzerland), BASF SE (Germany), Croda International Plc. (UK) and Eastman Chemical Company (USA) are the major players in this market.

BASF SE is one of the largest players in the cosmetic antioxidants market. It has a strong brand name in the industry. Kuraray Co.Ltd. is a Japanese chemical fiber company founded to market synthetic rayon. It then extended its activities to fibers, resins and high performance chemicals. It offers different products and services through six reportable business segments.

  • In September 2019, BASF acquired Isobionics BV, a leader in biotechnology innovation. The company develops and produces a wide range of natural flavors and fragrances. Acquisition Strengthens Nutrition and Health Division
  • Recently, in June 2019, BASF launched a new line of bioactive ingredients for the cosmetics market. They launched three new active ingredients, derived from its Rambutan program. They are preservative-free, of natural origin and COSMOS approved. New bioactive ingredients use the unique properties of rambutan to hydrate and rejuvenate skin and condition hair

Croda International manufactures and supplies specialty chemicals. It operates through four segments, namely personal care, performance technologies, life sciences and industrial chemicals. The company offers cosmetic antioxidants under the brands Croda, Crodarom and Sederma.

  • In November 2020, Croda International Plc announced a partnership with Anomera, an innovator in green chemistry, materials science and sustainable manufacturing. Croda became the exclusive distributor of Anomera materials in the personal care market. They will also collaborate to develop unique and innovative multifunctional ingredients and meet the needs of the cosmetics industry and its consumers.

APAC is estimated to be the largest cosmetic antioxidant market during the forecast period.

Among the various regions, APAC accounted for the largest share of the cosmetic antioxidants market in 2019. This region has a large youthful population base that spends more on skincare and decorative cosmetics. In addition, countries in the region are lenient towards the imposition of regulations regarding cosmetic ingredients. Countries like China and India are highly populated economies with a growing preference for personal care and beauty enhancement products.

Major market players profiled in the report are BASF SE (Germany), Koninklijke DSM NV (Netherlands), Wacker Chemie AG (Germany), Eastman Chemical Company (US), Lonza Group (Switzerland), Croda International Plc (UK), Ashland Global Holdings (US), Evonik Industries AG (Germany), SEPPIC (France), BTSA Biotecnologías Aplicadas, SL (Spain), Kemin Industries, Inc. (US) and Barentz International BV (Netherlands), among others.

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