Functional
Cosmetic Ingredient Market Introduction:
Natural,
organic and functional cosmetics are among the fastest growing beauty
products category currently. This includes, skin care and anti-aging
ingredients and products, sun protection ingredients and cosmetic
products, hair care ingredients and products and others. Moreover,
introduction of natural ingredients in cosmetic formulations has led
to rapid growth of functional cosmetics ingredients in the
cosmeceutical products. Functional cosmetic ingredients possess
certain properties affecting the form, texture, consistency,
fragrance and delivery system of the final cosmetic product.
Functional ingredients are inactive ingredients that make over the
counter drugs work delivering primary benefits to the skin and aid
the performance of the active ingredient. Most common type of
functional cosmetic ingredients are surfactants, conditioning and
moisturizing agents, colorants, fragrance ingredients and others.
Functional cosmetic ingredients in a skin care formulation are often
regarded as vehicles for the delivery of active or performance
ingredients. The global functional cosmetic ingredient market is
expected to witness significant growth over the forecast period owing
to booming cosmetic industry across the globe.
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Functional
Cosmetic Ingredient Market Segmentation:
The
functional cosmetic ingredient market is segmented into, product
type, nature, form, area of application, and by region. By product
type, the global functional cosmetic ingredient market is segmented
into, emollient, emulsifying agent, preservative, surfactant,
humectant, thickeners or texturizers and others. Such ingredients
function as skin regenerating agents, skin lightening, anti-aging,
skin brightening, and anti-microbial agents. By nature the global
functional cosmetic ingredient market is segmented in to natural
ingredients and synthetic ingredients. Natural ingredients segment is
expected to represent significant growth opportunities in the global
functional cosmetic ingredients market over the forecast period owing
shift towards natural and clean label cosmetic products by consumers
across the globe. By form the global functional cosmetic ingredient
market is segmented into, solids, semi-solid and liquid form. By area
of application the global functional cosmetic ingredient market is
segmented into, skin and skin care applications, hair care, fragrance
and aromatherapy, decorative cosmetics and toiletries. Skin care and
decorative cosmetics application segment is expected to create
immense growth opportunities in the global functional cosmetic
ingredients market.
Functional
Cosmetic Ingredient Market Regional Outlook:
On
the basis of region the global functional cosmetic ingredient market
is segmented into, North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East
and Africa. North America and Western Europe are expected to account
for significant revenue shares in the global functional cosmetic
ingredient market over the forecast period. Growing focus towards
maintaining personal aesthetics coupled with rapidly aging population
seeking to remain youthful, as well as increasing desire of younger
individuals intending to stave off the first signs of aging is
expected to fuel the market growth of cosmetic functional ingredients
market over the forecast period. Asia pacific and Middle East
countries are expected to create significant growth opportunities in
the overall functional cosmetic ingredients market over the forecast
period.
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Functional
Cosmetic Ingredient Market Drivers and Trends
The
usage of cosmeceuticals has drastically hiked during the recent past
years which in turn has expanded the spectrum of products offered by
cosmetic products manufacturers thus fueling the functional cosmetic
ingredients market growth over the forecast period. Increasing use of
natural functional ingredients by cosmetic products manufacturers is
expected to increases the sales prospects of cosmetic products that
are organic and natural thus escalating the market growth over the
forecast period. Moreover, rapidly aging population, growing skin
care concerns coupled with rising healthcare spending power across
the globe is expected to escalate the market revenues in the global
cosmetic functional ingredients market growth over the forecast
period.
Functional
Cosmetic Ingredient Market Key Players:
Some
of the key players offering Functional Cosmetic Ingredient include;
AAK Personal Care, AMSilk GmbH, Sensient Cosmetic Technologies, Merck
& Co., Inc., NOF CORPORATION, Berg + Schmidt GmbH & Co. KG,
Symrise AG, NVORGANICS PVT.LTD. and others.
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