Cosmetic Antioxidants Market Summary
As per MRFR Analysis, the Global Cosmetic Antioxidants Market was valued at USD 135.26 billion in 2023 and is projected to reach USD 236.4 billion by 2032, growing at a CAGR of 6.40% from 2024 to 2032. The market is driven by the increasing demand for natural antioxidants derived from sources like turmeric and green tea, alongside a significant shift towards e-commerce for cosmetic products post-COVID-19. The Asia Pacific region leads in revenue share, fueled by population growth in countries such as China and India, which enhances the demand for personal care goods.
Key Market Trends & Highlights
The market is witnessing notable trends that are shaping its future.
- E-commerce sales of cosmetic products have surged due to changing consumer behavior post-pandemic.
- Natural antioxidants are expected to grow the fastest, driven by consumer preference for natural ingredients.
- Asia Pacific accounted for the largest market share in 2022, driven by significant population growth.
- The competition among key players is intensifying as new products are continuously being developed.
Market Size & Forecast
2023 Market Size: USD 135.26 Billion
2024 Market Size: USD 143.92 Billion
2032 Market Size: USD 236.4 Billion
CAGR (2024-2032): 6.40%
Largest Regional Market Share in 2022: Asia Pacific
Major Players
BASF SE, Koninklijke DSM NV, Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Ashland Holdings, Evonik Industries AG, Kemin Industries, Inc., Barentz International BV
Natural compounds made up of minerals and vitamins are used as cosmetic antioxidants. It helps in the struggle against free radicals, which harm DNA, lipids, and proteins. In addition to dry skin, wrinkles, dark circles, and a loss of suppleness, the injured skin cell also contributes to ageing. Dermatological formulations' fats, fragrances, and oils are prone to auto-oxidation due to air exposure, chemical deterioration, and off production.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cosmetic Antioxidants Market Trends
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Increase in E-Commerce Sales of Cosmetics Products
Consumer behaviour has shifted from offline to online shopping as a result of COVID-19. Online cosmetic retailers have successfully attracted a variety of new consumers with their behavioural retargeting strategies. Customers are reluctant to visit cosmetic establishments and request a free sample during the post-pandemic period. Because of this, people believe it is secure to buy skincare and hair care items online. Due to the coronavirus pandemic, certain cosmetics merchants were forced to down their storefronts sooner than planned in 2020. As a result, they created online features to replicate the in-store experience and make customers feel more secure when purchasing products online. Interactive product-matching tools, augmented reality, online tests, and virtual consultations are a few of these characteristics.
Cosmetic Antioxidants Market Segment Insights
Cosmetic Antioxidants Source Insights
Natural: Throughout the projected period, this market segment is anticipated to develop the fastest. Natural products come only from natural sources and include things like turmeric, green tea, and extracts of rosemary. The increasing worry over synthetic products and the growing preference for natural products are the key drivers of this segment's growth.
Synthetic: The majority of the market share belongs to this sector. Petroleum-based products are a source of synthetic antioxidants. Among the synthetic antioxidants are tert-butyl hydroquinone (TBHQ), butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), niacinamide, and propyl gallate (PG).
In November 2020, Anomera, an internationally recognised developer in green chemistry, materials science, and sustainable manufacturing, and Croda International Plc ('Croda') have announced a new partnership.
In April 2020, With PGT, a biologics firm that develops and markets next-generation vaccines for areas of significant unmet or underserved needs in food safety and animal health, Kemin Industries has inked an exclusive deal to licence PGT's Salmonella vaccine for poultry.
Figure 2: Â COSMETIC ANTIOXIDANTS MARKET, BY SOURCE, 2022 & 2030 (USD BILLION)
Cosmetic Antioxidants Regional Insights
In terms of revenue share, Asia Pacific led the market for cosmetic antioxidants in 2022. The population growth in nations like China, India, and Japan is to blame for this. According to the United Nations Population Fund, Asia Pacific is the region with the biggest population, accounting for more than 60% of all people worldwide (UNFPA). The Asia Pacific region's expanding population has increased demand for cosmetic and personal care goods, which will likely fuel market expansion over the next years.
Figure 2: Â COSMETIC ANTIOXIDANTS MARKET, BY REGION, 2022 & 2030 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cosmetic Antioxidants Key Market Players & Competitive Insights
The rapid innovation of new and rising players in the industry is projected to cause the competition among competitors in cosmetic antioxidants to increase in the future. By creating and releasing new products, manufacturers hope to expand their product lines. The competition among international producers of cosmetic antioxidants is anticipated to expand as a result of this issue.
Key Companies in the Cosmetic Antioxidants market include
Cosmetic Antioxidants Industry Developments
In June 2021:Â The foremost B2B online marketplace for chemicals in Europe, CheMondis, a chemical distributor, and a speciality chemical supplier, Evonik, announced a new partnership. Paints, coatings, and printing inks from Evonik's Coating Additives business line can now be ordered online via CheMondis.
In June 2021: Increased Cooperation for Drug Substance Production of COVID-19 Vaccination Moderna in the Netherlands Announced by Lonza and Moderna.
Cosmetic Antioxidants Market Segmentation
Cosmetic Antioxidants Source Outlook
Cosmetic Antioxidants Type Outlook
Cosmetic Antioxidants Application Outlook
Cosmetic Antioxidants Regional Outlook
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 135.26 billion |
Market Size 2024 |
USD 143.92 billion |
Market Size 2032 |
USD 236.4 billion |
Compound Annual Growth Rate (CAGR) |
6.40% (2024-2032) |
Base Year |
2023 |
Forecast Period |
2024-2032 |
Historical Data |
2019 & 2021 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Source, Type, Application and Region |
Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Countries Covered |
U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, Mexico, South Africa, Turkey, GCC. |
Key Companies Profiled |
BASF SE, Koninklijke DSM NV., Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Ashland  Holdings, Evonik Industries AG, Kemin Industries, Inc., Barentz International BV |
Key Market Opportunities |
Substantial Spending on Cosmetics & Personal Care Products in Emerging Economies to Boost the Growth of the Market |
Key Market Dynamics |
Increase in E-Commerce Sales of Cosmetics Products |
Cosmetic Antioxidants Market Highlights:
Frequently Asked Questions (FAQ) :
The Cosmetic Antioxidants market size was valued at USD 135.26 Billion in 2023.
The Cosmetic Antioxidants market is projected to grow at a CAGR of 6.40% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the Cosmetic Antioxidants market.
The key players in the Cosmetic Antioxidants market are BASF SE, Koninklijke DSM NV., Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Ashland Holdings, Evonik Industries AG, Kemin Industries, Inc., Barentz International BV
The Synthetic source dominated the Cosmetic Antioxidants market in 2023.