According to the new market research report “Cosmetic Antioxidants Market by Source (Natural, Chemically Derived), Type (Vitamins, Enzymes, Polyphenols), Function (Anti-aging, Hair Conditioning, UV Protection) and Application (Skin Care, Hair Care, Make-up) – Global Forecasts to 2025″, is projected to reach USD 158 million by 2025, at a CAGR of 5.9% from USD 119 million in 2020. The growth of the cosmetic antioxidants market is primarily triggered by growing demand for anti-aging cosmetic products. Aging is a natural phenomenon; however, the consumption of antioxidants can slow down the aging process. The aging population is one of the largest consumers of cosmetic products. With the growing aging population around the world, anti-aging skincare products are in high demand.
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Vitamins accounted for the largest share of the overall cosmetic antioxidants market, in terms of value, in 2019. Vitamins are used in various cosmetics products. Their positive effect on the human skin is a major driving factor. Enzymes was the second-largest type segment followed by polyphenols and carotenoids.
Skin care application accounted for the maximum share in 2019, in the overall market, followed by hair care. The growth of the skincare application segment of the cosmetic antioxidants market can be attributed to the increased demand for cosmetic products that have anti-aging, anti-wrinkle, UV protection, and moisturizing properties.
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The cosmetic antioxidants market size is projected to reach USD 158 million by 2025 from USD 119 million in 2020, at a CAGR of 5.9%. increase I aging population is expected to support the growth of the cosmetic antioxidants market. However, higher cost of natural cosmetic antioxidants is restraining the growth of the market. On the other hand, increasing demand for male cosmeics has created opportunities for manufacturers.
Ashland Global Holdings (US), Lonza Group (Switzerland), BASF SE (Germany), Croda International Plc. (UK), and Eastman Chemical Company (US) are the major players in this market.
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BASF SE is one of the the largest players in the cosmetic antioxidants market. It has a strong brand name in the industry. Kuraray Co. Ltd. is a Japan-based chemical fiber company founded for the purpose of commercializing synthetic rayon. It later expanded its business into high-performance fibers, resins, and chemicals. It offers different products & services through six reportable business segments.
Croda International manufactures and supplies specialty chemicals. It operates through four segments, namely, personal care, performance technologies, life sciences, and industrial chemicals. The company offers cosmetic antioxidants under the brands Croda, Crodarom, and Sederma.
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