LONDON--(BUSINESS WIRE)--The global antioxidant cosmetic products market is expected to post a CAGR of over 8% during the period 2019-2023, according to the latest market research report by Technavio.
Rapid industrialization and urbanization along with agricultural activities, burning of fossil fuels, forest fires, motor vehicle emissions, and household combustion devices have increased the level of air pollution. Particulate matter, carbon monoxide, ozone, nitrogen dioxide, and sulfur dioxide are some of the major pollutants. Skin and hair being exposed to such air pollutants can lead to premature skin aging, allergies, acne, wrinkles, dryness, pigmentation, hair fall, hair damage, and cellular damage.
As per Technavio, the increase in demand for organic and natural beauty products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global antioxidant cosmetic products market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global antioxidant cosmetic products market: Increase in demand for organic and natural beauty products
The increasing demand for organic and natural beauty products in cosmetics is encouraging vendors to use natural antioxidants. Natural antioxidants are obtained from various combinations of plant extracts such as grapeseed, rosemary, blueberry, tomato, basil, grape, acerola seed, pine bark, and milk thistle. These plant extracts contain natural antioxidants such as flavonoids, flavanols, terpenes, and others. These antioxidants products comply with the stringent standards of purity laid down by governments of various countries.
“Manufacturers of antioxidants cosmetic products are focusing on offering organic, and natural skincare products as offering organic and natural antioxidants cosmetic product production would help them differentiate their products in an intensely competitive market,” says a senior analyst at Technavio.
Global antioxidant cosmetic products market: Segmentation analysis
This market research report segments the global antioxidant cosmetic products market by distribution channel (offline and online), product (skincare, haircare, and color cosmetics), and geographical regions (APAC, Europe, and North America, South America, and MEA).
The skincare segment held the largest market share in 2018, accounting for over 57% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2018 with a market share of nearly 45%. This region is expected to dominate the market through 2023.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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