The active cosmetics market is estimated to be valued at US$ 8.25 Billion in 2022 and is expected to exhibit a CAGR of 12.64% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Active cosmetics refer to skincare, haircare and color cosmetic products that deliver targeted and measurable skin and hair benefits beyond basic cleansing, moisturizing and coloring effects. They contain active ingredients like vitamins, peptides, retinol, hyaluronic acid and ceramides that offer anti-aging benefits, fade dark spots and hyperpigmentation and improve skin texture and elasticity. They help delay skin aging and minimize appearance of fine lines and wrinkles. Growing awareness about health and wellness has driven demand for effective cosmetic products leading to emergence of active cosmetics category.

Market Dynamics:

The global active cosmetics market is witnessing growth due to increasing consumer adoption driven by rising disposable incomes and growing concerns about signs of aging. Consumers are seeking multi-functional cosmetics that not only enhance appearance but also provide skin health benefits. Increasing internet penetration and high smartphone usage have boosted e-commerce sales of personal care products including active cosmetics. Online platforms offer consumers convenience in shopping from a wide variety of brands and product categories along with promotional discounts and deals. During the forecast period, continued new product launches, expanding distribution channels and growing awareness about benefits of ingredients like antioxidants, peptides and retinol are expected to drive the active cosmetics market.

Segment Analysis

The global active cosmetics market is dominated by the skin care segment which holds more than 60% share of the market. Skin care products contain active ingredients that help improve the skin's health, reduce wrinkles, dark spots and signs of aging. The increasing consumer awareness about the benefits of natural and organic skincare products has boosted the growth of this segment.

PEST Analysis

• Political: The active cosmetics market is regulated by several regulatory bodies that ensure product safety and quality. Favourable regulations supporting the use of natural active ingredients are promoting market growth.
• Economic: Rising disposable incomes and growing beauty consciousness among consumers worldwide are driving higher spending on premium skin care and hair care products. Additionally, aggressive promotional activities by key players are positively impacting the market.
• Social: Changing lifestyles, growing beauty obsession and influence of social media are elevating the demand for active cosmetic products promising glowing and youthful skin. Customers are increasingly gravitating towards products offering added health and anti-aging benefits.
• Technological: Formulation of innovative delivery systems and novel biologically active ingredients extracted from natural sources through advanced research are enhancing the efficacy of cosmetic products. Development of multifunctional and eco-friendly products are expanding market opportunities.

Key Takeaways

The Global Active Cosmetics Market Growth is expected to witness high, exhibiting CAGR of 12.64% over the forecast period, due to increasing consumer preference for skin care products with anti-aging properties.

The Asia Pacific region is projected to be the fastest growing as well as the largest market during the forecast period. This can be attributed to growing consciousness about aesthetics along with rising expenditure power on premium cosmetic products in countries such as China, Japan and India.

Key players operating in the active cosmetics market are L’Oréal S.A. (France), Lucas Meyer Cosmetics (France), Pfizer Inc. (U.S.), Givaudan (Switzerland), Croda International Plc. (U.K.), Active Cosmetics Manufacturing (U.S.), and Symrise AG (Germany) among others. These players are focusing on new product launches and innovation in active ingredients to strengthen their market position.

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