Growth in Skin Benefits Agents Industry: Market Anticipated to Gain Prominent Growth at a CAGR of 5.3% during 2017-2026
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Consumers around the globe are becoming increasingly conscious about their skin. It is, after all, one of the most important parts of the human body. Blemishes, wrinkles and acne are some of the common skin problems. People constantly scout for remedies and potions that can effectively address the various issues associated with skin. While most consumers try to maintain a good skin care routine, others seek out skin care products that can make their skin flawless. Most rightly so, as the skin act as barrier that protects underlying tissues from infection, desiccation and external stress. The aforementioned factors are reflecting favourably on the demand for skin benefit agents worldwide. In terms of volume, the global skin agent market is set to increase at a CAGR of 5.3% during the forecast period (2017-2026) and reach more than 23,400 Tonnes.
Beta-Hydroxy Acids a Leading Product Type
By the end of 2026, more than 5,500 tonnes of beta-hydroxy acids are expected to be sold worldwide. In terms of volume, global sales of beta-hydroxy acids currently accounts for over 22% market share. Over the course of the forecast period, 445.9 tonnes of beta-hydroxy acids are likely to be sold annually.
APEJ to Spearhead the Global Skin Benefit Agents
In terms of volume, Asia Pacific excluding Japan (APEJ) is expected to dominate the global skin benefit agents market in 2017, and the trend is likely to continue throughout the forecast period. APEJ’s skin benefit agents market is projected growing at a CAGR of 5.8% between 2017 and 2026.
Active Agents Will Continue to Outsell Additives Over 2026
Demand for active agents is expected to remain relatively higher than additives throughout the assessment period. A large percentage of skin care products contain active agents owing to their exceptional properties. During the forecast period, more than 16,400 tonnes of active agents are likely to be used.
Some of the leading companies operating in the global skin benefit agent market include BASF SE, Akzonobel N.V., Clariant AG, Sederma Inc., Evonik Industries AG, Procter & Gamble Co., L’oreal, Unilever, Avon Products, and Beiersdorf A.G.
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Table of Content:
1. Global Economic Outlook
2. Global Skin Benefit Agents Market – Executive Summary
3. Global Skin Benefit Agents Market Overview
3.1.1. Global Skin Benefit Agents Market Taxonomy
3.1.2. Global Skin Benefit Agents Market Definition
3.2. Global Skin Benefit Agents Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Skin Benefit Agents Market Y-o-Y Growth
3.3. Global Skin Benefit Agents Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.8. PEST Analysis
3.9. Product Life Cycle Analysis
3.10. Key Participants Market Presence (Intensity Map) By Region
4. Global Skin Benefit Agents Market Analysis and Forecast 2012-2026
4.1. Global Skin Benefit Agents Market Size and Forecast By Product Type, 2012-2026
4.1.1. Alpha-hydroxy Acids Market Size and Forecast, 2012-2026
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
4.1.2. Beta-hydroxy Acids Market Size and Forecast, 2012-2026
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
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