Active Cosmetics Market

Global Active Cosmetics Market Is Estimated To Witness High Growth Owing To Rising Skin Care Awareness

by

Report Overview:

The global Active cosmetics market is estimated to be valued at US$ 9.28 Bn in 2022 and is expected to exhibit a CAGR of 12.64% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Active cosmetics contain active ingredients that have physiological effects on skin such as anti-aging, skin lightening, anti-acne etc. These products work to improve skin health issues and give the perfect glow. The growing awareness among consumers about the benefits of active ingredients in skincare products is fueling the demand in the market.

Market key trends:

One of the key trends in the active cosmetics market is the rising popularity of natural and organic active cosmetic products. Consumers are increasingly preferring products containing natural active ingredients over synthetic ones due to growing health and environmental concerns. They are wary of potential side effects of chemicals in cosmetic goods. As a result, brands are focusing on developing organic skin care lines containing natural active plant and herb extracts to satisfy this consumer preference.

Segment Analysis:

The active cosmetics market is segmented by product type into anti-aging, anti-acne, sun protection, skin whitening, and others. The anti-aging segment held the largest market share in 2021 and it is expected to remain dominant during the forecast period. Growing aging population and increasing awareness about aging signs like wrinkles, dark spots and fine lines are majorly driving the demand for anti-aging active cosmetics.

Key Takeaways:

The Global Active Cosmetics Market Demand is expected to witness high growth, exhibiting CAGR of 12.64% over the forecast period, due to increasing awareness regarding skin care and rising disposable income. The market size for 2021 was US$ 8.25 Billion.

Regional analysis – North America dominated the global active cosmetics market in 2021 and is expected to remain dominant during the forecast period. Increasing expenditure on personal care and growing health-consciousness are boosting the growth of active cosmetics in North America. Asia Pacific is expected to exhibit fastest growth rate during the forecast period, owing to rapidly growing economy, rising awareness about cosmetic products and expanding middle-class population in emerging countries like China and India.

Key players – Key players operating in the active cosmetics market are L’Oréal S.A. (France), Lucas Meyer Cosmetics (France), Pfizer Inc. (U.S.), Givaudan (Switzerland), Croda International Plc. (U.K.), Active Cosmetics Manufacturing (U.S.), and Symrise AG (Germany) among others. These players are focusing on adopting expansion and new product launch strategies to strengthen their market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it