The Cosmetic Antioxidants Market Size was valued at USD 127.30 billion in 2022. The Cosmetic Antioxidants industry is projected to grow from USD 135.26 Billion in 2023 to USD 222.23 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 - 2030).
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.
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.
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: COSMETIC ANTIOXIDANTS MARKET, BY SOURCE, 2022 & 2030 (USD BILLION)
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: COSMETIC ANTIOXIDANTS MARKET, BY REGION, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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.
In June 2021: 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.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 127.30 billion |
| Market Size 2023 | USD 135.26 billion |
| Market Size 2030 | USD 222.23 billion |
| Compound Annual Growth Rate (CAGR) | 6.40% (2023-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| 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 127.30 Billion in 2022.
The Cosmetic Antioxidants market is projected to grow at a CAGR of 6.40% during the forecast period, 2023-2030.
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.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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