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Functional cosmetic ingredient market set for strong growth

The global functional cosmetic ingredient market is projected to grow at a CAGR of 5.7 per cent, reaching an estimated value of US$ 6,232.1 million by 2034, up from US$ 3,580 million in 2024. The industry has evolved significantly over the last decade, driven by advances in cosmetic research and technology, particularly in bioactive beauty components.

Consumers now prefer multifunctional cosmetic ingredients that address various skincare issues simultaneously, catering to fast-paced, professional lifestyles. Additionally, growing awareness of the connection between skincare and overall well-being is influencing the market, as health-conscious consumers demand long-term skincare benefits. Eco-friendly, sustainable and organic ingredients are gaining popularity, further driving market growth. The United States is expected to maintain a dominant market share, growing at a moderate CAGR of 4 per cent.

Anti-ageing ingredients market set to soar

The global anti-ageing ingredients market, valued at US$ 1.11 billion in 2021, is expected to grow at a CAGR of 7.8 per cent, reaching US$ 2.18 billion by 2030. This growth is driven by increasing consumer demand for a youthful appearance, the ageing population, and the growing awareness of skincare. Key ingredients like antioxidants, peptides and hyaluronic acid are used in various products, from creams to masks. The market is expanding globally, with North America leading, while the Asia Pacific region is anticipated to see rapid growth. Challenges include regulatory constraints and ethical concerns, but innovations and consumer interest in effective anti-ageing solutions are propelling market growth.

Probiotic cosmetics market growth fueled by natural skincare demand

The global probiotic cosmetic products market, valued at US$ 285.99 million in 2021, is projected to reach US$ 586.64 million by 2030, growing at a CAGR of 8.31 per cent. The market’s growth is driven by increasing consumer awareness of natural skincare, the health and wellness trend, and innovations in probiotic formulations. Probiotic cosmetics are particularly popular for their potential benefits for skin health, especially in addressing acne and sensitivity. However, challenges like limited scientific evidence, product stability issues, and regulatory hurdles pose obstacles. The market is also becoming highly competitive, leading to pricing pressures as more companies launch probiotic lines.PBHJ

This article appears in the Dec 24- Jan 25 Issue of Professional Beauty/ Hairdressers Journal India

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This article appears in the Dec 24- Jan 25 Issue of Professional Beauty/ Hairdressers Journal India