Cosmeceutical Ingredients Market Report, Growth and Forecast Research 2018

Cosmeceutical Ingredients Market Report, Growth and
Forecast Research 2018
Market Overview
Cosmeceuticals refers to those cosmetic products that possess bioactive ingredients to
provide medicinal benefits in addition to improving the beauty or appearance of an
individual. Cosmeceutical ingredients can either be synthetic or naturally derived and
tends to contain functional active ingredients such as vitamins, retinol or peptides.
Although the term Cosmeceutical is recognized in the cosmetic industry, it is not accepted
and regulated by the US FD&C Act (Federal Food, Drug, and Cosmetic Act (FD&C Act).
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The cosmetics market valued at over US$ 200 billion in 2017 with a CAGR of around
4.56% during the forecast period (2018-2025) has been playing a major role in the
growing of the market of cosmeceuticals market. Growing health and wellness trend
along with focus on beauty among the consumers are creating more opportunities for
cosmetic manufacturers to introduce products carrying cosmeceutical ingredients. As a
result, leading cosmetic players such as L’Oreal, Estee Lauder, Shiseido are actively
using high value cosmeceutical ingredients. For instance, L’Oreal uses Pro-Xylane in
several of its skin care products that helps to fuel the production of glycoaminoglycans
and helps to prevent skin against water loss.
Market Dynamics
Several companies are focusing on R&D and product innovation which is further boosting
the growth of the cosmeceuticals industry. As a result, technological advancements in the
form of using nanotechnology and plant stem technology are increasingly being
witnessed in skin care and hair care thereby new opportunities for market growth. For
instance, plant derived stem cell extracts such as grapes and swiss apple are increasing
gaining popularity across the European market. For instance, in 2016, Omorovicza
introduced the ‘Instant Perfect Serum’ that uses stem cells from the Narcissus plant that
helps in skin brightening and also protection from sun damage by slowing demand the
growth of melanin in the skin.
There is also a growing trend among cosmetic manufacturers to use probiotics to antiageing and sensitive skin products which is expected to create new opportunities for
market growth. While leading companies such as Clinique have used probiotics as
ingredients which are not in alive, companies such as ESSE and Mother Dirt introduced
live probiotics in its products. ESSE, for instance, in its products Probiotic serum and
Sensitive serum contains live microorganisms which tends to be become active once in
contact with the skin.
Segmentation Analysis
In terms of segmentation by end-use application, skin care remains the largest segment
followed by hair care in the cosmeceuticals ingredients market. In the hair care segment,
the cosmeceutical ingredients is expected to witness high demand owing to surging
demand for products seeking dandruff and hair loss treatment among the consumers.
This is owing to high demand among consumers seeking products with antioxidants
properties, anti-ageing benefits, acne treatments, and sun protection. Hence, ingredients
such as hyaluronic acid and retinoids are increasingly gaining popularity in the skin care
segment owing its high value in treatment of wrinkles, acne and sun damage. The
demand for anti-ageing products is attributed due to growing demand for younger looking
skin and the rising ageing population globally. According to UN, the projected global
population aged 60 and above is expected to reach over 2 billion by 2050 from 0.9 billion
in 2015. Owing to this, demand for cosmeceutical ingredients such as hydroxy acids,
retinoids, Vitamin C, peptides are expected to maintain high demand over the forecast
period.
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Regional Outlook
In terms of regional segmentation, North America stands to be the largest market for
cosmeceutical ingredients in terms of value in 2017 with U.S contributing over 80% of the
sales in the region. One of the major factors contributing to the growth of the market is the
high demand for premium cosmetics as consumers are willing to pay premium price for
quality product. In addition to this, high awareness of using cosmeceutical products
compared to other regions is furthermore creating more opportunities for both the
ingredient manufactures and the cosmetic product manufacturers.
Europe stands as the second largest market for cosmeceutical ingredients owing to it
being one of the primary markets for cosmetic industry and having high brand proliferation
of cosmetic products in the region. Additionally, strong presence of both the cosmetic
manufacturers such as L’Oreal S.A. and Estee Lauder and cosmeceutical manufacturers
such as BASF SE, Akzo Nobel N.V. and others, in the region acts a key factor in driving
the demand in this region. Although Western Europe holds majority of the market with key
markets being Germany, UK, and France, demand across the Eastern Europe is
expected to grow with rising use of cosmeceutical products in the region.
Competitive Analysis
The market for cosmeceutical ingredients remains highly competitive with several players
emphasizing on product innovation, new launches, merger and acquisitions and
geographic expansion to increase market share. For instance, in 2016, Clariant entered
into buying 17% stake in natural ingredient supplier, BioSpectrum. In terms of product
launches, in 2108, BASF SE, introduced new active ingredients that helps in preventing
skin and hair ageing.
Some of the key leading players operating in this space include BASF SE, AkzoNobel
N.V., Clariant, DowDupont, SEPPIC, Solvay S.A, and Eastman Chemical Company.
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Global Cosmeceutical Ingredients Market: This market research report focuses on Past-Current Size, Shares, trends & Forecast to 2022

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