Cosmetic Antioxidants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Global Cosmetic Antioxidants Market is projected to register a CAGR of over 4% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2020, the pandemic disrupted both production and sales of cosmetics through online and offline channels. However, the global situation is normalizing, and the industry's return to stability provides multiple growth opportunities for improving the industry's performance which was affected by COVID-19.

• Natural antioxidants, such as Vitamin E, Vitamin C, and tea tree oil extract, are more expensive than synthetic counterparts due to higher raw material costs.
• The high cost of natural antioxidants and growing concerns about the use of synthetic antioxidants have been identified as major restraints in the cosmetic antioxidant market.
• Consumers worldwide are leaning toward natural skin care products as a result of the rising demand for naturally derived antioxidants in cosmetics, which is creating an opportunity for the market during the study period.
• Asia-Pacific region is expected to dominate the market with the largest consumption of cosmetics containing various antioxidants from countries, such as India and China.

Scope of the Report

Antioxidants are immensely helpful active ingredients in the production of cosmetics. They keep natural ingredients such as proteins, and sugars in cosmetic products from degrading. Antioxidants are also used to protect skin cells from damage and slow the aging process. Cosmetic antioxidants form a protective barrier on the skin, shielding it from the elements and ultraviolet (UV) rays. It is also used in cosmetics to preserve formulations and extend shelf life. The Cosmetic Antioxidants market is segmented by source, type, application, and geography. By source, the market is segmented into natural and chemically derived. By type, the market is segmented into Vitamins, Polyphenols, Enzymes, Carotenoids, and Others. By application, the market is segmented into Skin Care, Hair Care, Injectables, and Others. The report also covers the market size and forecasts for the Cosmetic Antioxidants market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD Million).

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Key Market Trends

Increasing Usage of Natural Antioxidants in Cosmetics Products

• The growing use of natural antioxidants such as vitamin C, vitamin E, and polyphenols are being increasingly used in the cosmetic industry in various anti-aging creams, which is expected to increase the use of natural oxidants in skin care cosmetic products.
• Natural antioxidants present in plant extracts include polyphenols, flavonoids, flavonols, flavanols, stilbenes, and terpenes (including carotenoids and essential oils).
• The sales from the global markets for cosmetics increased to 80.74 billion US dollars in 2021. According to the Statista Consumer Market Outlook, revenue will surpass USD100 billion by 2022 and will reach an estimated 131 billion US dollars annually by 2026.
• Nowadays, premature aging is a major concern among women. The use of antioxidants in beauty care products is estimated to grow. Anti-wrinkle creams and moisturizers are now becoming widely popular. 
• Furthermore, there is a growing knowledge of the benefits of natural antioxidants such as polyphenols, which can be helpful for skin healing and rejuvenation. Some of the factors which are expected to boost the Global Cosmetic Antioxidant Market include their ability to help reverse indications of ageing such as sunspots, fine lines, and wrinkles, making them a staple in anti-aging treatments.
• Owing to all these factors, the market for Cosmetic Antioxidants is likely to grow globally during the forecast period.

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