Functional Cosmetics Market Revenue, Business Opportunities and Forecast Worldwide by Key Manufacturers - Ashland Inc, Stepan Company, Clariant AG, CP Kelco

The Functional Cosmetics report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry.

The Functional Cosmetics report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them to address challenges and find lucrative opportunities. In the end, the report provides a granular overview of the market so as to make informed decisions.

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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.

The report provides a comprehensive analysis of company profiles listed below:
• Ashland Inc. (US)
• Stepan Company (US)
• BASF SE (Germany)
• Nouryon (Netherlands)
• Clariant AG (Germany)
• Ev0nik Industries 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)
• Koninklijke DSM N.V. (Netherlands)

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"Accelerating demand for anti-aging, skin whitening, and sun protection products is one of the factors driving the growth of the market"
The rise in global warming and increase in temperature is affecting the skin epidermal layer. The harmful radiation from sun destroys the epidermal layer leading to water loss and dryness in skin, thus, destroying the cell and further causing pigmentation disorder, skin cancer, wrinkles, blemishes and sun burns among others. To protect the skin from such affects, people are getting more conscious to use a variety of products to treat their skin and avoid such situations of their skin getting damaged with the environmental effects.

"Conditioning agent is estimated to be the largest functionality in the functional cosmetics market between 2021 and 2026."
The conditioning agents for skin can influence the homeostatic process of repair and growth by augmenting the skin's renewal mechanism. The conditioning agents used in hair have fairly no effect on growth and neither can help in the cellular repair. These agents can help in temporarily improving the cosmetic appearance of damaged hair which further needs to be reapplied as the removal occurs. The market for this segment is driven by the increasing population and rising per capita spending on cosmetics in Asia-Pacific and the Europe.

"Skin care was the largest application for functional cosmetics market in 2020"
The functional cosmetics used in skincare application basically caters to problems such as protection from harmful sun rays, wrinkles, blemishes, acne, aging, and frown lines, among others. The skincare products are widely in demand all across the world due to the common need of humans to look good. The essence of a bright and glowing skin is a major thriving factor for the growing demand of beauty and skin care products.

"North America is estimated to be the third-largest functional cosmetics market in 2020,in terms of value."
North America was the third-largest functional cosmetics market in 2020. The market in the region has a moderate-to-high growth rate owing to the maturity level of the industrial sector in the region. North America is a diversified market for petrochemicals due to the presence of many major chemical companies in the region. Intense competition among the major players in the market has led to price stabilization in the past few years.

Competitive Landscape of Functional Cosmetics Market:
9.1 Introduction
9.2 Strategies Adopted By Key Players
9.3 Market Share Analysis
9.3.1 Basf Se
9.3.2 Nouryon
9.3.3 Ev0nik Industries Ag
9.3.4 Clariant Ag
9.3.5 Ashland Inc.
9.4 Competitive Situation And Trends
9.4.1 Product Launches
9.4.2 Deals
9.4.3 Other Developments

Research Coverage:
This report segments the market for functional cosmetics on the basis of functionality, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, expansions, and mergers & acquisitions associated with the market for functional cosmetics.

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