Europe Cosmetic Bioactive Ingredients Market 2022-2028
MARKET OUTLOOK
Triton’s research report states that the cosmetic bioactive ingredients market in Europe is anticipated to advance at a compound annual growth rate of 5.84% in value during the forecasted years 2022-2028. The United Kingdom, Italy, France, Germany, Spain, and the Rest of Europe shape the market in the region.
In the United Kingdom, personal care products like creams, serums, etc. This is mainly on account of rising awareness pertaining to beauty and appearance. Several companies are thus introducing new products containing plant-based ingredients to meet the rising demand. For instance, Bio-Extracts offers a clean to clear boost that contains willow bark extract. Therefore, the increasing demand and adoption of skin care products are expected to widen the scope and growth of the cosmetic bioactive ingredients market.
Furthermore, the cosmetic and beauty industry is witnessing significant growth in France. Several people are opting for products like eye patches, dark spot serum, roll-on deodorant, primer, etc. This high demand for personal care products has compelled companies to include bioactive ingredients in their offerings. Besides this, ingredients like propyl parabens are banned in the country as they create a cancer risk. Hence, as stated above, these factors are expected to generate new opportunities for the French cosmetic bioactive ingredients market.
COMPETITIVE OUTLOOK
BASF SE, Evonik, Clariant, Dow Chemical Company, Lubrizol, Solvay, and Nouryon are major companies in the cosmetic bioactive ingredients market.
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