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| Active Cosmetics Market Growth |
Active cosmetics refer to skincare and beauty products that have added
functional and therapeutic ingredients beyond moisturizers and cleansers. These
products deliver targeted benefits such as anti-aging, skin brightening, oil
control, deep cleansing amongst others. The rising awareness about preventive
skin care and multitasking cosmetic products is fueling the demand for active
cosmetics.
The global active cosmetics market is estimated to be
valued at US$ 11.62 Mn in 2024 and
is expected to exhibit a CAGR of 9.9% over
the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Active
Cosmetics Market Growth include Medtronic, Dexcom, Inc., Abbott, Novo
Nordisk A/S, Ypsomed, GlySens Incorporated, and F. Hoffmann-La Roche Ltd.,
among others. These players are focusing on new product launches and strategic
collaborations to gain a competitive edge in the market.
Key opportunities in the active cosmetics market include strong growth
prospects in Asian countries due to the increasing disposable incomes, growing
middle class and their rising preference for multifunctional skincare products.
The market players are also exploring opportunities in the male grooming
segment for lucrative revenues.
The active cosmetics market is witnessing global expansion opportunities on
account of rising export activities from domestic players. Manufacturers are
investing in expanding their overseas operations especially in high potential
regions of Asia Pacific, South America, and Middle East and Africa.
Market Drivers
One of the key drivers for the active cosmetics market is the growing skin
concerns among millennial population and increasing pollution levels that
accelerate early skin ageing. The demand for targeted active ingredients
promising anti-ageing and skin rejuvenation benefits is surging significantly.
Market Restrains
High product and research costs associated with developing active cosmetics is
one of the major challenges being faced by players. This leads to increased
product prices making them unaffordable for price-sensitive consumers, thus
hindering the market growth.
Segment Analysis
The global active cosmetics market is dominated by the skin care segment, which
accounts for over 45% share of the total market. Skin care products include
anti-aging creams, moisturizers, cleansers, and treatment oils. The growing
concerns among consumers about early skin aging due to pollution, stress, and
changing lifestyles has boosted the demand for effective skin care cosmetics.
Cleansers and daily moisturizers sub-segment within skin care holds the
dominant share owing to rising beauty-consciousness among individuals.
Hair care products represent the second largest segment in the active cosmetics
market. Hair care cosmetics such as shampoos, conditioners, serums, and oils
containing ingredients like vitamin E and argan oil are increasingly popular
among consumers to treat hair fall, dandruff, and split ends. The demand for
anti-hair fall serums and conditioners has grown significantly over the years.
Global Analysis
The active cosmetics market is expected to observe the fastest growth in the
Asia Pacific region during the forecast period. Rising living standards,
growing working women population, and increasing disposable incomes in
developing countries like India and China are driving the demand for premium
beauty products. Moreover, the presence of global players and availability of
affordable salon services are further propelling the market expansion. Europe
currently dominates the global active cosmetics market, as consumers in
countries like Germany, UK, and France are highly aware about the benefits of
using skincare and hair care products containing active ingredients. North
America is another major region for the active cosmetics market owing to
surging demand for natural and organic personal care items.
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Cosmetics Market