ID: MRFR/CnM/7937-CR | March 2020 | Region: Global | 129 pages
Global Alpha Bisabolol Market was valued at USD 19,880.0 Thousand in 2018 and is projected to register a CAGR of 4.60% to reach USD 27,048.4 Thousand by the end of 2025.
Alpha-bisabolol is a natural product obtained by the fractional distillation of the essential oil of Candeia. Alpha-bisabolol can be synthesized using environmentally friendly methods. Alpha-bisabolol is mainly used in personal care and cosmetic formulations owing to its anti-inflammatory, antimicrobial, antiacne, and soothing properties.
The growth of the Global Alpha Bisabolol Market is primarily driven by the growing personal care & cosmetics industry. The increasing demand for natural cosmetics containing less amount of synthetic substances and the shift toward the adoption of natural ingredients and sustainable raw materials are factors expected to increase the demand for alpha-bisabolol in the cosmetic industry. Increasing regulations by several government bodies such as the European Federation for Cosmetic Ingredients (EFFCI) and FDA related to use of chemical-based ingredients in cosmetics owing to its harmful impact on human health is likely to fuel the demand for natural ingredients and alpha-bisabolol.
The growing popularity of natural cosmetics and personal care products in the developing economies is likely to create lucrative opportunities for the players operating in the global alpha-bisabolol market in the coming years.
The supply-demand gap in the alpha bisabolol market due to a decline in the supply of candela oil which is mainly found in the southeast and mid-west region of Brazil is expected to be a major challenge for the processors of alpha-bisabolol.
However, the availability of substitutes to alpha bisabolol, such as Babassu oil, α-bulnesene, alpha-lipoic acid, and glutathione is likely to hamper the market growth during the review period.
Global Alpha bisabolol Market Revenue, by Application, 2025 (USD Thousand)
Sources: MRFR Analysis
Based on purity, the global market has been segmented into > 95% and < 95%. The > 95% purity segment accounted for a larger share of 89.10% in 2018 due to its increasing application in skin care products and oral hygiene products. The < 95% segment is projected to grow at 3.04% CAGR during the review period.
Based on the application, the market has been segmented into skincare, oral hygiene products, and others. The skin care segment dominated the global alpha-bisabolol market with a share of 65.30% by value in 2018. The product is being widely preferred in skin care products due to its anti-inflammatory, anti-bactericidal, and soothing properties. The oral hygiene products segment is expected to grow at 4.01% CAGR to reach around USD 3,276.5 Thousand by 2025.
Global Alpha Bisabolol Market Share, by Region, 2018 (%)
Sources: MRFR Analysis
The European market accounted for the largest share of 36% of the global alpha-bisabolol market in 2018. The market in Germany generated around 35.2% of the total revenue in the region, which can be attributed to the established presence of the personal care & cosmetics industry. The market in France accounted for the second-largest share of the market.
The North American market is projected to register a CAGR of 4.49% during the review period, 2019–2025. The growth is attributed to the surging demand for premium skincare products produced using natural ingredients.
The market in Asia-Pacific is expected to grow at a CAGR of 5.05% to reach USD 5,881.4 thousand by the end of 2025 on account of the growing cosmetic & personal care industry with increased spending on cosmetics, particularly by the millennials.
The markets in Latin America and the Middle East & Africa are projected to register CAGRs of 4.03% and 3.73%, respectively, on account of the growth of the cosmetics & personal care industry coupled with rising per capita disposable income of the consumers.
BASF SE (Germany), Beijing Brilliance Bio (China), Biocosmethic (France), Clariant (Switzerland), MORRE-TEC Industries (US), Symrise (Germany), TRI-K Industries, Inc. (the US), Atina Ativos Naturais Ltd (Brazil), Vantage Specialty Chemicals (US), Citroleo Group (Brazil), and Sasol Performance Chemicals (South Africa).
The degree of competition among the key players is moderate to high and is expected to increase further on account of the increasing demand for natural active ingredients in personal care products and cosmetics. The players are producing customized alpha-bisabolol ingredients on account of increasing demand for cosmetics and personal care products of high-quality.
Global Alpha bisabolol Market, by Purity
Global Alpha bisabolol Market, by Application
Global Alpha bisabolol Market, by Region
Available Additional Customizations
Frequently Asked Questions (FAQ) :
The market presumed to reach a valuation of 27,048.4 Thousand by end of 2025.
The market can advance at rate of 4.60% during the review period.
The primary growth inducers in the global market are the growing personal care & cosmetics industry. The increasing demand for natural cosmetics containing less amount of synthetic substances and the shift toward the adoption of natural ingredients and sustainable raw materials are factors expected to increase the demand for alpha-bisabolol in the cosmetic industry.
The mounting popularity of natural personal care products and cosmetics in emerging countries can present n lucrative opportunities to the leading players in the alpha-bisabolol market.
The extremely developed personal care & cosmetics sector and the rising use of alpha bisabolol have made Europe the most profitable market across the globe.
The North American market can record a CAGR of 4.49% between 2019 and 2025.
The top listed players in the market are Atina Ativos Naturais Ltd (Brazil), Biocosmethic (France), TRI-K Industries Inc. (the US), BASF SE (Germany), Vantage Specialty Chemicals (US), Sasol Performance Chemicals (South Africa), Clariant (Switzerland), MORRE-TEC Industries (US), Beijing Brilliance Bio (China), Symrise (Germany), Citroleo Group (Brazil), to name a few.