Active Cosmetics Global Market Projected to Experience a Growth Rate of 12.4% CAGR, Reaching over $17.21 Billion By 2028

Overview and Scope
Active cosmetics refer to skin care products that contain proven active ingredients for long-term improvement of skin complexion. These are specifically designed to address various skin concerns, including reducing skin damage, preventing aging, removing impurities, and preventing pigment spots.

Sizing and Forecast
The active cosmetics market size has grown rapidly in recent years. It will grow from $9.44 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%.  The growth in the historic period can be attributed to e-commerce growth, regulatory support for safe ingredients, expansion in emerging markets, surge in demand for organic and natural beauty products, improvement in current lifestyles.

The active cosmetics market size is expected to see rapid growth in the next few years. It will grow to $17.21 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.  The growth in the forecast period can be attributed to increasing consumer awareness, focus on anti-aging solutions, rising disposable income, increasing demand for skincare products, rising consumer awareness. Major trends in the forecast period include product innovation, collaboration with recyclable and biodegradable material providers, partnerships, collaborations, increasing company investments.

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Segmentation & Regional Insights
The active cosmetics market covered in this report is segmented –
1) By Product: Liquid, Cream, Other Products
2) By Gender: Male, Female
3) By Distribution Channel: Drug Stores, Mass Merchandiser, Online, Department Stores, Others
4) By Application: Skin Care, Hair Care, Other Applications

Asia-Pacific was the largest region in the active cosmetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the active cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing demand for natural and organic skincare products is expected to propel the growth of the active cosmetic market going forward. Natural and organic skincare products are beauty and skincare formulations that are crafted using ingredients derived from natural sources and produced without the use of synthetic chemicals, artificial additives, or harsh preservatives. Natural and organic skincare products can enhance the active cosmetics experience by providing gentle, hydrating, and environmentally conscious formulations that align with the preferences of individuals leading active lifestyles. For instance, in June 2023, according to the Centre for the Promotion of Imports from Developing Countries, a Netherlands-based intergovernmental organization, UK market sales of certified organic cosmetics increased by 15% and reached (US$150.13) £138.23 million in 2021. Therefore, the growing demand for natural and organic skincare drives the active cosmetic products market.

Key Industry Players
Major companies operating in the active cosmetics market report are Johnson & Johnson, BASF SE , The Procter & Gamble, Unilever Plc, L'Oréal S.A., Wacker Chemie AG, Estée Lauder, Estee Lauder Companies Inc., International Flavors & Fragrances, Eastman Chemical Company, DSM, Givaudan, Lonza, Clinique, Symrise AG, Symrise, Avon, Evonik Industries AG, Croda International Plc, Revlon, CeraVe, Laboratoires Expanscience, Shiseido Company Ltd., The Face Shop, La Roche-Posay Laboratoire Dermatologique SAS, Lucas Meyer Cosmetics, Naolys, Skinbetter Science, Mixa , Vichy, SkinCeuticals

The active cosmetics market report table of contents includes:
1. Executive Summary
2. Active Cosmetics Market Report Structure
3. Active Cosmetics Market Trends And Strategies
4. Active Cosmetics Market – Macro Economic Scenario
5. Active Cosmetics Market Size And Growth
…..
27. Active Cosmetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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