Market Insights
The active ingredient market is likely to grow at a promising CAGR of 6.8% over the forecast period (2023-2028).
The active ingredient market refers to the market involving the manufacturing of active ingredients that includes those elements of the product that endure natural processes throughout the manufacturing of the drug product. They must be present in the drug product in a modified form intended to provide the necessary activity or impact. The market is being driven by increasing demand for multifunctional ingredients and growing demand for skin-whitening, anti-aging, and sun protection products in the cosmetics industry.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Functionality-Type Analysis
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Conditioning Agents, UV Filters, Anti-Aging Agents, and Skin Lightening Agents
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The anti-aging agents segment is the largest- and fastest-growing segment of the active ingredient market during the forecast period.
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Application Type Analysis
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Skin Care and Hair Care
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The skin care segment is the dominating and fastest-growing application in the active ingredient market over the coming years.
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Regional Type Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Europe is expected to remain the dominating and fastest-growing region in the active ingredient market over the coming years.
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Functionality Type
The Active ingredients market is segmented into Conditioning Agent, UV Filters, Anti-Aging Agents, and Skin Lightening Agents. The anti-aging agents are expected to remain the largest and fastest-growing type in the Functionality segment for the active ingredient market during the forecast period, due to the growing number of anti-aging cosmetic products used by the aging baby boomers to treat/improve wrinkles, frown lines, and the aging process, which is predicted to drive the market for anti-aging agents.
Application Type
The market is segmented into Skin Care and Hair Care. The skin care segment is expected to remain the dominant as well as the faster-growing application in the market during the forecast period since the market is dominated by skin care products mostly due to the rising demand for anti-aging, skin-lightening, and sunscreens as a result of consumers' increased knowledge of the importance of their skin health. In addition, the increased need for skin and hair care products is driving up demand for active ingredients in cosmetics.
Regional Analysis
Europe is expected to remain the largest and fastest-growing region in the active ingredients market during the forecast period because of the high capita spending power of consumers on cosmetic products.
The active ingredients market is segmented into the following categories:
By Functionality Type
- Conditioning Agent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UV Filters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Anti-Aging Agents, (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Skin Lightening Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Skincare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hair care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the active ingredients market. Most of the major players are providing active ingredients.
- BASF SE
- Clarient
- AkzoNobel N.V.
- Croda International Plc
- Evonik Industries AG
- Jatun
- Lucy Meyer
- Mascoat
- Sederma Inc.
- Sherwin -Williams Company
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s active ingredient market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
