Europe Cosmetic Bioactive Ingredients Market: Forecast Analysis 2024-2032
According to Triton’s analysis, the Europe cosmetic bioactive ingredients market is projected to rise at a CAGR of 5.64% in revenue over the forecast years 2024-2032.
The cosmetic bioactive ingredients market in Europe is experiencing notable growth, driven by several key factors, like increasing consumer awareness about the benefits of natural and organic products. Hence, advancements in biotechnology and extraction techniques have enabled the development of more effective and stable bioactive compounds. Trends towards eco-friendliness also fuel the market growth, as bioactive ingredients are often derived from renewable sources and perceived as safer for both consumers and the environment. Furthermore, regulatory support for the use of natural ingredients in cosmetics, along with the increasing number of scientific studies validating the efficacy of bioactive compounds, is reinforcing market growth for cosmetic bioactive ingredients.
The countries explored in this region include the United Kingdom, Germany, France, Spain, Italy, Netherlands, and Rest of Europe.
Germany secures a major market share with revenue of approximately $98.31 million in 2023.
- According to research by the German Consumer Centre, over 70% of German consumers value sustainable and natural products over the ones with chemical ingredients.
- Notably, women are eventually shifting towards natural beauty solutions such as shea butter, coconut oil, avocado oil, and licorice extract. This shift has prompted major companies to develop new products to cater to this increasing demand for bioactive ingredients.
- Additionally, the benefits offered by bioactive ingredients include photoprotection, skin rejuvenation, and wound healing due to their bioactive components and pharmacologic activities.
- This increasing preference for natural ingredients is giving rise to the introduction of new bioactive products, which results in the rapid growth of the German cosmetic bioactive ingredients market.
Cosmetic Bioactive Ingredients Market Forecast for the United Kingdom
In the United Kingdom, there is a growing use of personal care products, such as dermo-cosmetic skin creams, hand and lip care items, and sunscreens, driven by increasing awareness of beauty and appearance. However, around 1,300 cosmetic ingredients are banned in the UK due to their adverse effects on consumers. In response, companies are increasingly turning to organic and plant-based ingredients like wildflower honey and willow bark extract. This has significantly led to the market expansion of the cosmetic bioactive ingredients market in the coming years.
The cosmetic bioactive ingredients market is segmented based on ingredient type and source. The source segment comprises plants, microbials, and animals. Plant-derived bioactive compounds like alpha-hydroxy acid, retinoic acid, and ascorbic acid positively impact skin and hair health. For example, products containing alpha-hydroxy acid are effective in moisturizing the skin, reducing wrinkles, and promoting a smoother, softer complexion.
Contender Analysis in the Cosmetic Bioactive Ingredients Market:
Gattefossé is a global leader in providing specialty ingredients and formulation solutions for the beauty and healthcare industries. Within the beauty sector, the company offers personal care specialties, including actives, extracts, textures, and formulations. Their products target various skincare needs such as anti-aging, protection, acne and sebum control, soothing, and moisturizing. With a presence across North America, Latin America, EMEA, and Asia-Pacific, it is headquartered in Saint-Priest, France.
In April 2024, Gattefossé introduced Eyeglorius, a new oil-soluble bioactive for eye care that offers an organic and versatile solution. This innovative ingredient simultaneously addresses all signs of fatigue while also providing extensive possibilities for skincare and makeup formulations.
Other contenders in the studied market are Momentive Performance Materials, Symrise AG, Lubrizol, Ashland Global Holdings Inc, Solvay, Givaudan, Nouryon, Zschimmer & Schwarz, etc.
EUROPE COSMETIC BIOACTIVE INGREDIENTS MARKET 2024-2032.pdf