Happy young attractive Asian ethnic model filming vlog on mobile phone on tripod and showing eyeshadows at table with cosmetics
The Active Cosmetics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Active Cosmetics Global Market Report 2024, The active cosmetics market size has grown rapidly in recent years. It will grow from $9.44 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to e-commerce growth, regulatory support for safe ingredients, expansion in emerging markets, surge in demand for organic and natural beauty products, improvement in current lifestyles.
The active cosmetics market size is expected to see rapid growth in the next few years. It will grow to $17.21 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to increasing consumer awareness, focus on anti-aging solutions, rising disposable income, increasing demand for skincare products, rising consumer awareness. Major trends in the forecast period include product innovation, collaboration with recyclable and biodegradable material providers, partnerships, collaborations, increasing company investments.
The growing demand for natural and organic skincare products is expected to propel the growth of the active cosmetic market going forward. Natural and organic skincare products are beauty and skincare formulations that are crafted using ingredients derived from natural sources and produced without the use of synthetic chemicals, artificial additives, or harsh preservatives. Natural and organic skincare products can enhance the active cosmetics experience by providing gentle, hydrating, and environmentally conscious formulations that align with the preferences of individuals leading active lifestyles. For instance, in June 2023, according to the Centre for the Promotion of Imports from Developing Countries, a Netherlands-based intergovernmental organization, UK market sales of certified organic cosmetics increased by 15% and reached (US$150.13) £138.23 million in 2021. Therefore, the growing demand for natural and organic skincare drives the active cosmetic products market.
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The active cosmetics market covered in this report is segmented –
1) By Product: Liquid, Cream, Other Products
2) By Gender: Male, Female
3) By Distribution Channel: Drug Stores, Mass Merchandiser, Online, Department Stores, Others
4) By Application: Skin Care, Hair Care, Other Applications
Major companies operating in the active cosmetics market are developing innovative products, such as natural-origin retinol, to better serve customers with advanced features. Natural-origin retinol refers to a form of retinol, a derivative of vitamin A, that is derived from natural sources rather than being synthetically produced. For instance, in February 2023, Givaudan, a Switzerland-based manufacturer of active cosmetic ingredients, launched RetiLife. This innovative active cosmetic ingredient results from advanced biotechnology development, utilizing microorganisms to produce pure retinol within a natural carrier through a fermentation process from plant sugars. Combined with natural antioxidants for enhanced protection, RetiLife achieves a remarkably high concentration of pure retinol. It marks the first-of-its-kind sustainable substitute for synthetic retinol, delivering comparable anti-wrinkle efficacy. With its 100% natural-origin content, including sunflower oil as a carrier, RetiLife distinguishes itself by avoiding synthetic additives like BHT/BHA or polysorbate. Moreover, its molecular structure mirrors that of its chemical counterpart.
The active cosmetics market report table of contents includes:
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