CIPI

Global personal care active ingredient market docks steady growth

The global personal care active ingredient market is growing at a CAGR of 5.1 per cent and is estimated to touch a valuation of approx US$ 3.44 billion by 2034 from the current valuation of US$ 2.09 billion in 2024. Some common examples of active ingredients include vitamin A, vitamin C, hyaluronic acid, niacinamide, etc. Personal care active ingredients are often used in producing products that cater to concerns, such as hair care, sun protection, skin lightening and anti-inflammation. As demand for products for such concerns is poised to skyrocket in the coming decade, it is likely to augment the market growth.

North American personal care active ingredient market size is poised to touch US$ 603.6 million by 2034. East Asia is likely to capture 22.3 per cent of the market share by the end of this year.

Probiotic cosmetic products market to touch $586.64mn

The probiotic cosmetic products market size, at US$ 309.76 million in 2022, is expected to grow to US$ 586.64 million by 2030. The market will grow at a CAGR of 8.31 per cent during the forecast period (2023-2030). The market can be divided by product type into three categories: skin care, hair care and other product types; skin care being the most dominant.

The market growth is driven by three primary drivers. First, is the increasing awareness and inclination towards green and clean beauty. Second, as the holistic wellness trend is on the rise, people are now seeking products that improve skin health, not just appearance. Third, the industry has seen a rapid increase in innovation and research and development lately. The ongoing research in the domain has allowed companies to find targeted solutions for various skin concerns, including acneprone or sensitive skin. Asia-Pacific is emerging as the fastest-growing area in the market.

Marine-based skincare ingredients offer lucrative oppor tunities

Growing at a CAGR of 6.60 per cent between 2024-2031, the global marine-based skincare ingredients market size is all set to grow to US$ 1090.74 million by the end of the forecast period. Owing to their several benefits for the skin, marine-based skincare ingredients are increasingly becoming popular in the skincare industry. Such ingredients are renowned for their anti-inflammatory, antioxidant, moisturising and anti-ageing properties.

The rapid inclination of the consumer base towards clean and natural beauty products along with the growing awareness around marine-based ingredients, offers a lucrative market opportunity to beauty players. It also offers an open field for developing innovative skincare products, product differentiation, and marketing strategies that make the best use of these ingredient’s potency. Asia-Pacific is expected to witness the fastest growth in the market.

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