The global Active Cosmetics Market is estimated to be valued at US$ 10.08 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Active cosmetics contain ingredients that help hydrate, rejuvenate and revitalize the skin. Examples of active ingredients are retinoids, peptides, ceramides and antioxidants which fight signs of aging, improves skin health and repairs skin damage. The products are widely used to achieve clear, youthful and supple looking skin.
Market key trends:
One of the major trends witnessed in the active cosmetics market is the significant rise in demand for natural and organic skincare products. Consumers now prefer clean-label products made from natural ingredients like plant extracts and are moving away from synthetic chemicals. They seek products that not only treat skin issues but also treat the skin gently without harsh effects. This has propelled personal care companies to focus on developing and launching natural active formulations to capture this growing consumer segment.
Segment Analysis
The global active cosmetics market is segmented by product type and distribution channel. Based on product type, the active cosmetics market is segmented into skin care, hair care, color cosmetics, and fragrances & deodorants. The skin care segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. This is due to rising awareness about skin problems such as sun damage, acne, and aging signs among people globally.
Key Takeaways
The Global Active Cosmetics Market Size is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing consumer awareness about the benefits of active ingredients in cosmetic products.
Regional analysis:
North America dominated the active cosmetics market in 2022 and is estimated to maintain its dominance during the forecast period. This is attributed to the presence of leading cosmetics manufacturers and rising demand for natural and organic cosmetic products in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period owing to rising disposable income, shifting consumer preference towards premium cosmetic products in developing countries such as China and India.
Key players:
Key players operating in the active cosmetics market are L'Oréal,Estée Lauder Companies,Procter & Gamble,Shiseido,Beiersdorf,Coty,Unilever,Avon Products,Johnson & Johnson,Natura & Co. L'Oréal captured a significant market share in 2022 owing to its diverse brand portfolio and continuous new product launches. Estée Lauder Companies focuses on expanding its presence in emerging markets through strategic acquisitions and partnerships.
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