Functional Cosmetics Market worth $4.1 billion by 2026 | Key players Ashland Inc., Stepan Company, BASF SE, Nouryon, Clariant AG

According to recent market research "Functional Cosmetics Market by Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, and Hair Care), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2026", The functional cosmetics market is projected to reach USD 4.1 billion by 2026, at a CAGR of 5.2% from USD 3.2 billion in 2021.Functional cosmetics are those components in the cosmetic product formulation that impart pharmacological properties or other direct effects in the cure, diagnosis treatment, mitigation, or prevention of diseases. They are used in cosmetics to provide functional properties when applied to the skin. The growth of the functional cosmetics market is dependent on high spending power on cosmetics and desire to look beautiful.

Browse 150 market data Tables and 49 Figures spread through 191 Pages and in-depth TOC on "Functional Cosmetics Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/functional-cosmetics-market-208028292.html

The anti-ageing agents-based functional cosmetics accounted for the third-largest share, in terms of value, in 2020. It is also forecasted to grow at the highest CAGR between 2021 and 2026. This dominance is expected due to the current scenario across the globe with rising population, increased pollution level, global warming and other environmental factors are damaging the skin. The harmful UVA sun rays penetrate the skin and cause premature aging. The aging process gradually encompasses the deterioration of various body organs along with the visible impacts on skin. The loss of collagen production leads to frown lines, blemishes, wrinkles and pigmentation changes which signifies aging of skin. People in the age of 30-35, start using the anti-aging products as a precaution to protect their skin from outside environmental impacts. The desire of humans to look and stay young has positively impacted the market to grow.

The functional cosmetics market size for hair care accounted for the second-largest share of global functional cosmetics after skincare, in terms of value, in 2020 this was led by the demand from the cosmetics industry.

The haircare segment deals with the products that help to regulate the behavior and properties of the hair so that it can be maintained in a desirable manner. The hair care application involves hair sprays, hair conditioners, hair straighteners, shampoos, and tonics, among others which are used to improve the appearance of hair or protection of scalp. The major part of the hair care market is occupied by conditioners which have the main function of making hair silky and smooth

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=208028292

The functional cosmetics market size is estimated to be USD 3.2 billion in 2021 and is expected to reach USD 4.1 billion by 2026, at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for multifunctional ingredients, and accelerating demand for anti-aging, skin whitening, and sun protection products are major driving factors. Shifting focus towards male specific cosmetics is the major growth opportunity for the market. However, High cost of organic products is a major restraining factors in this market.

The key market players profiled in the report include Ashland Inc. (US), Stepan Company (US), BASF SE (Germany), Nouryon (Netherlands), Clariant AG (Germany), EvonikIndustries AG (Germany), Gattefosse (France), Lucas Meyer Cosmetics (Canada), Sederma(France), Seppic SA (France), CP Kelco (US), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Givaudan SA (Switzerland), Symrise AG (Germany), Sonneborn LLC (US), Vantage Specialty Chemicals (US), United-Guardian, Inc. (US), Innospec Inc. (US), KAO Corporation (Japan), Momentive Performance Materials Inc. (US), ADEKA Corporation (Japan), DuPont (US), and Koninklijke DSM N.V. (Netherlands).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208028292

In October 2018, AkzoNobel relaunched its AkzoNobel Specialty Chemicals business as Nouryon. The Carlyle Group and GIC further acquired the company and marked its transition to becoming an independent, global specialty chemicals leader. Nouryon serves agriculture; building and infrastructure; cleaning and personal care; packaging materials; paints, coatings and inks; polymer production and processing; oil, gas, and mining; food, pulp, and paper; transportation; and other markets. The company’s success has been built on strong partnerships, and it believes that collaboration is key to success. Nouryon operates in regions such as Asia Pacific, North America, South America, Middle East and Europe.

BASF SE is a diversified chemical solution provider and manufacturer of a broad range of chemical products with high-end industrial applications. The company operates through sevenbusiness segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The company offers functional cosmetics through nutrition & care business segment and the chemicals business segment. Under the nutrition & care business segment and care chemicals division, the company offers a broad range of ingredients for personal care, home care, industrial & institutional cleaning, and technical applications. The care chemicals division’s high-performance product portfolio includes surfactants, emulsifiers, polymers, emollients, chelating agents, functional cosmetics, and UV filters. The company has its production and development sites globally and is expanding its presence in emerging markets. It primarily operates in Europe and has an active presence in North America, Asia Pacific, South America, Africa, and the Middle East.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/functional-cosmetics.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/functional-cosmetics-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.