Cosmetic Antioxidants Market Size, Applications and Manufacturers Forecasts till 2025

 The "Cosmetic Antioxidants Market size is projected to reach USD 158 million by 2025 from USD 119 million in 2020, at a CAGR of 5.9%. increase I aging population  is expected to support the growth of the cosmetic antioxidants market. However, higher cost of natural cosmetic antioxidants is restraining the growth of the market. On the other hand, increasing demand for male cosmeics has created opportunities for manufacturers.

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Browse 283 market data Tables and 77 Figures spread through 278 Pages and in-depth TOC on "Cosmetic Antioxidants Market”

Impact of COVID-19 on cosmetic antioxidants market.

COVID-19 has affected the cosmetic business in the first two quarters of 2020 due to lockdown and less consumer demand. According to an article, consumer beauty behaviors have been impacted because of the pandemic. Haircare and makeup usage have declined while consumers largely stay at home; however, pampering beauty products usage has increased.

Most of the companies manufacturing the ingredients for cosmetic companies are focusing on resilient beauty products which emphasize feeling rather than looking good. A lot of innovations are around natural sources. Recently, BASF launched its cosmetic antioxidants derived from Rambutan, and Ashland had launched Phyteq Raspberry, a multifunctional preservative booster that acts as a preservative potentiate to protect cosmetics from spoilage. Ashland had also developed infini’tea biofunctional, an innovative cosmetic ingredient extracted from fresh tea leaves using its proprietary Zeta Fraction technology. These innovations are basically driven by the customer’s inclination towards natural or herbal sources of products.

Hair conditioning is estimated to be the largest function of the cosmetic antioxidants market during the forecast period.

Hair conditioning accounted for the largest share of 17% in terms of value in 2019. The segment is expected to register a CAGR of 5.9% between 2020 and 2025. The growth of this segment can be attributed to the global demand for hair care products to improve hair quality and hair growth. Anti-aging was the second-largest function of cosmetic antioxidants followed by hair cleaning and moisturizing.

https://icrowdnewswire.com/2021/07/29/cosmetic-antioxidants-market-worth-158-million-by-2025/

APAC is estimated to be the largest market for cosmetic antioxidants during the forecast period.

Among the various regions, APAC accounted for the largest share of the cosmetic antioxidants market in 2019. This region has a large base of young population who spend more on skincare and decorative cosmetic products. In addition, countries across the region are lenient toward the imposition of regulations with respect to cosmetic ingredients. Countries such as China and India are highly populated economies with rising preference for personal care and beauty enhancement products.

The key market players profiled in the report include as BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Wacker Chemie AG (Germany), Eastman Chemical Company (US), Lonza Group (Switzerland), Croda International Plc (UK), Ashland Global Holdings (US), Evonik Industries AG (Germany), SEPPIC (France), BTSA Biotecnologías Aplicadas, S.L. (Spain), Kemin Industries, Inc. (US), and Barentz International BV (Netherlands) among others.

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