Organic Active Ingredients Market Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2028)

According to Precision Business Insights (PBI) latest report the global organic active ingredients market is valued at USD 8,429.5 million in 2021. One of the significant global trends in recent years has been a rise in knowledge about health, particularly skin. Also, because the skin is the largest organ of the body, it's critical to think about the components in skincare and cosmetics. People are increasingly turning away from chemical cosmetics in favour of safer, natural alternatives. Concerns about safety and health, as well as the adverse impacts of synthetic chemicals, are expected to drive the organic active ingredients market.

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Active ingredients Segment Dominates the Organic Active Ingredients Market:
Over the projection period, active ingredients are expected to rise rapidly. They are responsible for absorption and acne reduction in skincare products. All types of skincare, even natural ones, contain active chemicals. The strength of the product used varies depending on whether it is over the counter or prescription. Players are focusing on active ingredient innovation and developing technology linked to formulation, extraction, and preservation to distinguish themselves and maintain a competitive advantage.

North America Leads Organic Active Ingredients Market:
North America holds a larger share of the organic active ingredients market. Demand for organic active ingredients is high in North America. Because of the significant demand for organic active ingredients in the country's beauty care business, the United States is a major consumer of these components. The organic active ingredients market in the Asia Pacific is anticipated to expand rapidly during the forecast period. Demand for active ingredients is high in Japan, China, and India. The market in India is estimated to grow at a substantial pace in the near future.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global organic active ingredients market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In March 2020, Croda International Plc which uses smart science to create high performance ingredients and technologies that improve lives, announces it has agreed to acquire the worldwide business activities of Alban Muller. With an annual revenue of €18m for the year to 30 June 2020, Alban Muller is a leader in the creation and supply of natural and botanical ingredients for the global beauty industry. The acquisition expands Croda's portfolio of sustainable active ingredients for customers in personal care markets. In December 2020, Huntsman Corporation announced its agreement to acquire Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from funds owned by Audax Private Equity.

Detailed Segmentation
Based on the Type, the market is segmented into the following:
• Organic
• Natural

Based on the Product, the market is segmented into the following:
• Natural Surfactants
• Emollients
• Active Ingredients
• Sugar Polymers
• Natural Preservatives
• Others

Based on the Application, the market is segmented into the following:
• Skin Care
• Hair Care
• Oral Care
• Cosmetics
• Others

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Key player's profiles in the organic active ingredients market report are Cargill, Incorporated, BASF SE, The Lubrizol Corporation, Croda International Plc, Huntsman International LLC, Jarrow Formulas, Inc, AEP Colloids, Grain Millers, Inc, PRIDE SEEDS, SG Ceresco Inc.

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