Cosmetic Bioactive Ingredients Market: Popular Ingredients’ Overview
Posted: Jul 10, 2022
Cosmetics products are chemical compounds derived either naturally or synthetically. Cosmetic products have always been integral to everyday life for millions worldwide. Cosmetics preparation contains active substances such as essential oils, vitamins, polysaccharides, peptides, phytochemicals, antioxidants, etc. While the ingredients used have evolved over time, the core objective to obtain flawless skin and hair remains constant. As a result, the cosmetic industry has grown significantly over the past few years.
The global market of green cosmetics is massive as these products garner trust and respect by treating nature fairly while providing the optimal cosmetic finish. Inkwood Research projects that the global cosmetic bioactive ingredients market is set to accelerate with a 5.56% CAGR by 2030. Prominent market leaders like BASF, Clariant, Evonik, ProVital, etc., offer various bioactive ingredients and products to secure their standing in the market. Companies actively acquire smaller businesses to significantly reduce competition. Also, product portfolios are expanded to remain updated with customer requirements.
Furthermore, a shift is observed favoring bio-based ingredients with the rising environmental concerns and requirement for sustainable and natural cosmetics. Besides, bioactive ingredients perform biological activities to promote health, skin, etc., by improving the performance of metabolic activities. These ingredients are used in preparing cosmetic and beauty products and provide various benefits such as UV protection, tan reduction, anti-wrinkling, anti-aging, etc. Some bioactive ingredients are omega-3 fatty acids, vitamins, amino acids, minerals, proteins, probiotics & prebiotics, etc.
Our take on some of the popular cosmetic bioactive ingredients:
- Amino Acids
In January 2022, BASF launched Peptovitae, a series of four scientifically developed biomimetic peptides representing a new generation that addresses a wider range of traditional peptide-associated skin concerns. Amino acids are vital in maintaining overall health and radiant skin. They are the building blocks of proteins and peptides, and every amino acid has a specific role in skin care. The ingredient is expected to witness the highest revenue growth in Europe, with a CAGR of 6.20% by 2030.
The surging demand for high-performance ingredients in cosmetic preparations and the rapidly increasing adoption of amino acid based cosmetic solutions are likely to foster more product demands. High exposure to ultraviolet radiation and rising awareness of dermatological aspects of healthcare are anticipated to contribute to the market growth.
- Omega-3 Fatty Acids
Studies show that omega-3 fatty acids have powerful beneficial properties to enhance body and brain functions. Omega-3 can be incorporated into the diet through fish oils, vegetable oils, walnut oil, and leafy vegetables. As per Inkwood Research, the North America omega-3 fatty acids market is estimated to generate the highest revenue of $125.17 million by 2030.
Further, the rising awareness of chronic diseases is one of the major drivers of the North America omega-3 supplements market. Moreover, with the growing health consciousness, the customers prefer nutritional supplements, which aid in infant health maintenance, boost cardiovascular health, help prevent cancer, etc.
Fast&Up from Aeronutrix Sports Products Private Limited recently launched Promega, Omega-3 rich fatty acid fish oil. Fast&Up Promega contains a high concentration of DHA and EPA (docosahexaenoic acid and eicosapentaenoic acid) with no fishy aftertaste and high bioavailability.
- Prebiotics & Probiotics
Prebiotics are fibers that cannot be digested by the human body. These fibers serve as food for probiotics, and living microorganisms, like yeast and bacteria. Moreover, prebiotics and probiotics support good bacteria and other helpful organisms in the gut.
As per our analysis, in 2021, the global prebiotics & probiotics market generated $128.79 million in revenue owing to the growing awareness among consumers regarding the benefits of bacteria like lactobacillus and bifidobacterium used in cosmetic and skincare products. Using these bacteria in cosmetics fuels the demand for probiotic cosmetics products.
Why are K-Beauty Products a Profitable Trend?
Korean beauty, also known as K-beauty, has grown in popularity in the global beauty industry in recent years due to the introduction of innovative cosmetic products and aesthetic trends. Bioactive ingredients in Korean cosmetics are becoming more scientifically validated and can be obtained from various sources, including bee venom, snail mucin, tiger grass extract, synthetic snake venom, etc.
K-beauty products’ bioactive components and pharmacologic activities have been demonstrated to provide dermatological benefits, with potential applications for wound healing, photoprotection, skin rejuvenation, etc. Accordingly, Inkwood Research predicts that the global k-beauty products market is set to generate $19527 million in revenues by 2030, with K-beauty products for females being the leading segment under the gender category.
Bioactive Ingredients: Consumer Consciousness to direct Market Growth
Consumers have become conscious and proactive in using personal care products, like hair care products, oral care, skin care products, etc., which has boosted the beauty industry’s sales and benefitted the cosmetic bioactive ingredient industry. They have also shifted their preference from chemical products to natural and organic products to avoid skin-related problems. Therefore, increasing demand over time and a rise in the customer base have boosted the beauty and personal care industry, which is also making way for the growth of the companies involved in manufacturing cosmetics with bioactive ingredients.
Furthermore, appearance, beauty, appealing personality etc., have become a major concern for people. There has been a sudden increase in the number of people inclined towards self-care. Additionally, people have diverted from natural to cosmetic products with the changing lifestyle. Moreover, fresh and glowing skin boosts confidence and supports the demand for bioactive ingredients in the global cosmetics market. Such trends direct the global cosmetic bioactive ingredients market growth.
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