Active cosmetics are formulas that work on the skin beyond just providing hydration and instead help deliver nutrients, vitamins, and other actives into the skin. They are utilized for their anti-aging properties to reduce wrinkles, dark spots, and other signs of aging. The increasing demand for anti-aging skin care treatments to maintain youthful appearance is driving the global active cosmetics market. The global active cosmetics market is estimated to be valued at US$ 10.08 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for anti-aging active cosmetics is growing rapidly amongst consumers globally. The increasing aging population and rising awareness about aging skin problems are fueling the growth of anti-aging cosmetic products containing ingredients like hyaluronic acid, retinol, peptides, and antioxidants that help reduce wrinkles, dark spots and firm skin. Manufacturers are increasingly focusing on developing advanced anti-aging formulas with natural and organic ingredients to cater to consumer demand for natural and clean-label products.
Segment Analysis
The global active cosmetics market is segmented based on product type and applications. Based on product type, the market is further divided into skin care, hair care, and makeup cosmetics. The skin care segment holds the largest market share currently and is expected to remain dominant over the forecast period. This is because anti-ageing products that treats issues like wrinkles, dark spots and pigmentation are gaining high traction.
Key Takeaways
Regional analysis: The Asia Pacific region is expected to witness the fastest growth over the forecast period. This is attributed to rising disposable income, growing middle class population and increasing awareness regarding personal care products. Moreover, countries like China and India are dominating the active cosmetics market in the region.
Key players: Key players operating in the active cosmetics market are Schneider Electric, Eaton, Emerson Electric, Toshiba, Siemens, General Electric, Delta Electronics, Huawei, ABB, Vertiv. These companies are launching innovative products catering to specific skin problems. For instance, L'Oreal Paris launched Revitalift Laser Renew which visibly reduces deep wrinkles and other signs of aging upon one week of use.
The Global Active Cosmetics Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to reach US$ 15.14 Billion by 2030, expanding at a CAGR of 6.6% during 2023-2030. Increased focus on personal wellness and rising concerns regarding premature skin aging are some of the key factors driving market growth. Stringent regulations for product quality and labeling are also encouraging leading brands to implement advanced formulations in their products.
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