Emergence of Nanotechnology, Paradigm Shift Toward Halal Cosmetics, & Growing Interest of Male Consumers

DUBLIN, Dec. 22, 2022 /PRNewswire/ — The “Active Cosmetics Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.Research and Markets LogoThe global active cosmetics market is expected to grow at a CAGR of 12.64% During 2021-2027, the market’s healthy growth is attributable to the surge in the adoption of cosmetics formulated with active ingredients. The major driving factors of market growth are the growing awareness of skin care, higher disposable income, and a significant increase in the number of customers choosing natural and organic skin care products.People suffering from various skin and hair problems are focusing on adopting organic cosmetics , as these are derived from natural sources and are free from various harmful chemicals. Active cosmetics are personal care products that are either formulated/highly concentrated with active ingredients or is 100% active ingredient. The most common ingredients in active cosmetics include hyaluronic acid, vitamin C, vitamin E, and many more. Consumers prefer active cosmetics for skin and hair care, which are readily available through various distribution channels, including pharmacies, drugstores, and many other channels. COVID-19 crisis has slowed down the growth active cosmetics market globally because of closed operations and, shortage of labor & supply chain blockage.Thus, online channels made it easier for several manufacturers to maintain a pace in sales and distribution. In the last few years, consumers have relied on online platforms for cosmetics shopping, which is also attributed to low cost or discounted prices and the COVID-19 pandemic.SEGMENTATION INSIGHTSINSIGHTS BY PRODUCTLiquid active cosmetics is the dominating product type category in the global active cosmetics market, accounting for the highest market share of 58.67% in 2021. It is attributed to the growth of skin, hair, and body care that helps liquid products glide effortlessly on the skin and is the most preferred product type worldwide. Story continuesA wide range of global , regional, and local players offer a diverse range of active liquid cosmetics holding a dominant share in liquid products. The liquid segment is expected to grow at the highest CAGR of 12.94% during the forecast period. Cream-based active cosmetics is the second leading segment, with a market share of 29.55% in 2021. The growth is contributed by the population with dry skin. It is used mainly in makeup products as it is compact to give coverage to the face, concealing blemishes and discoloration. Therefore mostly used as a light coverage foundation.In addition, some companies such as L’Oreal, Croda International, Givaudan, and many more are now offering shampoos in the form of the bar to reduce water consumption and make it convenient while traveling to avoid the spilling of liquid body care products.INSIGHTS BY GENDERThe female segment is the fastest growing segment, with the highest market share of 67.75% in 2021, and is expected to grow faster CAGR of 12.79% in the global active cosmetics market.This is because Females are the primary consumers of body care and makeup products. The growing interest in skincare and organic & natural cosmetic products are the major driving factors for active cosmetics market growth in this population.On the other hand, male consumers are also witnessing a growing interest in using cosmetic products for skin, hair, and body care. . Among males, heterosexuals are the leading segment driving the active cosmetics market growth. APAC industry is one of the fastest-growing regions for men’s grooming and cosmetic product use.INSIGHTS BY APPLICATIONSkincare is the fastest-growing segment under the application section, accounting for the highest market share of 47.27% in 2021. This is attributed to the growth awareness for health-promoting and self-care products and the ever-increasing aging population. Moreover, the omnipresent polluted environment and busy lifestyles also affect skin quality. Further, the increasing awareness of the side effects of synthetic chemicals in synthetic cosmetics, such as parabens, sulfates, and other toxic ingredients on the skin, has been attracting consumers to opt for for active cosmetics in recent years. Thus, the growing demand for clean and toxin-free skincare beauty products is attributed to the skincare segment growth in the global active cosmetics market. A number of both global and regional companies and distributors are fast shifting to e-commerce platforms to boost their sales. As it is the best platform for consumers to easily access the desired product at a cheaper and discounted price. L’Oreal, Croda International, Givaudan, Shisheido, and many more offer a wide range of active cosmetics for skin and hair care. The hair care segment is the second largest growing segment in the application segment accounting for a share of 25.17% in 2021. , attributed to growing interest in hair maintenance to improve hair quality and volume, reduce hair damage, and style the hair.INSIGHTS BY DISTRIBUTION CHANNELDrug stores/pharmacy accounts for the highest share of 35.63% under the distribution channel segment in the global active cosmetics market , which is attributed to growing attention toward buying certified and safe cosmetics. As pharmacy products have proven effective, hence consumer’s first option is the pharmacy.Moreover, rising interest in cosmeceuticals and dermo-cosmetics to improve the skin and hair quality and overcome skin and hair problems such as skin scars, pimples, dandruff, scalp infections, and many more have thus highly contributed to the highest share of drug stores.GEOGRAPHICAL ANALYSISAPAAC accounts for the largest share of the global active cosmetics market and is expected to grow at the highest CAGR of 14.33% and holds about 35.10% market share.A steady rise in disposable income among consumers and an increasing focus on organic and natural cosmetics drive the active cosmetics market in the Asia Pacific. China and Japan are the leading countries with high demand for active cosmetics. China is the leading APAC region, with the highest market share of 22.35%. It is expected to grow at the highest CAGR of 15.65% during the forecast period, attributed to the increasing aging population and their primary focus on natural ingredients for skin, hair, and body care.The US is the leading active cosmetics market, with the highest revenue of USD 1.83 billion in 2021, followed by China and Japan. The United States is the world’s most valuable beauty and personal care market due to increasing per capita expenditure on personal appearance, robust regulatory framework, a high penetration rate of global brands, and growing demand for natural cosmetics. Moreover, online distribution channel has dramatically influenced the active cosmetics market’s growth, mainly during the COVID-19 pandemic. Rising skincare regimes among the young population, high purchasing power, and expanding distribution channels are the primary factors driving the market in Latin America and the Middle East East & Africa. Convenience, growing multiple brands, and discounts offered by online channels are driving online sales in these regions. With the growing digital adoption, e-commerce is becoming a significant channel. COMPETITIVE LANDSCAPEThe global active cosmetics market is dynamic, with several key global players and a large pool of other prominent vendors offering a wide range of active cosmetics. L’Oreal, Shisheido, Givaudan, Croda International, and IFF are some of the key players in the market. There is a high focus on developing active cosmetics in the form of powder, bars, and many more. L’Oreal is highly focused on developing dermo-cosmetics and is the leading company in dermo-cosmetics. Companies are highly focused on inorganic growth. In recent years, the top companies in the market have made many acquisitions to strengthen their active cosmetics portfolios. As the demand for halal cosmetics is rising in middle east and highly developed countries, several companies are now focusing on developing active cosmetics with active ingredients. derived only from plants. Increasing halal certifications can also be witnessed among several companies based in the Middle East, APAC, North America, and Europe. L’Oreal is the leader of a globalized, highly competitive cosmetics market and is the global leader in the active cosmetics market. Its active cosmetics division is the world leader in derma cosmetics, with international skincare brands recommended by healthcare professionals. It is composed of six brands originating from France and the US Active cosmetics held a 12.2% share in 2021 out of all its other cosmetics segments.Key VendorsOther Prominent VendorsAir LiquideBASF Personal Care and NutritionBeiersdorfCasidaClariantCotyCosmetics BulgariaDSMEvonikFOOTNESSGattefosseLaboratoires ExpanscienceLipoTrueLonzaNaolysNouryonRobertetSabinsaScout Organic Active BeautySober CareSymriseKey Topics Covered: 1 Research Methodology2 Research Objectives3 Research Process4 Scope & Coverage4.1 Market Definition4.2 Base Year4.3 Scope of the Study5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation6 Market at a Glance7 Introduction7.1 Overview8 Premium Insights8.1 Market Overview9 Market Opportunities & Trends9.1 Paradigm Shift Toward Halal Cosmetics9.2 Growing Focus of Active Ingredients Companies on Nutricosmetics9.3 Emergence of Nanotechnology in Active Cosmetics10 Market Growth Enablers10.1 Growing Interest of Male Consumers in Grooming g Products10.2 Increasing Demand for Organic and Natural Beauty Products10.3 Demand for Skin Care & Hair Care Cosmetics Formulated With Active Ingredients11 Market Restraints11.1 Strict Government Regulations and Complexity in Cosmetic Industry11.2 High Production Costs11.3 Impact of Covid-19 Pandemic on Active Cosmetics12 Market Landscape12.1 Market Overview12.2 Market Size & Forecast12.2.1 Insights by Product12.2.1 Insights by Gender12.2.2 Insights by Application12.2.3 Insights by Distribution Channel12.2.4 Insights by Geography12.3 Five Forces Analysis13 Product13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Liquid13.4 Cream13.5 Others14 Gender14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Female14.4 Male15 Application15.1 Market Snapshot & Growth Engine15.2 Market Overview15.3 Skin Care15.4 Hair Care15.5 Others16 Distribution Channel16.1 Market Snapshot & Growth Engine16.2 Market Overview16.3 Drug Stores16.4 Mass Merchandiser16.5 Online16.6 Department Sto res16.7 Others17 Geography17.1 Market Snapshot & Growth Engine17.2 Geographic OverviewFor more information about this report visit https://www.researchandmarkets.com/r/e3jrc5Media Contact:Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor EST Office Hours Call +1-917-300-0470For US/CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside US): +353-1-481-1716Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg CisionView original content: https://www.prnewswire. com/news-releases/global-active-cosmetics-market-outlook–forecasts-report-2022-2027-emergence-of-nanotechnology-paradigm-shift-toward-halal-cosmetics–growing-interest-of-male- consumers-301709031.htmlSOURCE Research and Markets

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