Cosmetic Antioxidants Market worth $178 million by 2028 | Key players Evonik Industries AG, Croda International Plc, BASF SE, Eastman Chemical Company, Wacker Chemie AG.

According to recent market research the "Cosmetic Antioxidants Market by Source (Natural, Synthetic), Type (Vitamins, Enzymes, Polyphenols), Function (Anti-aging, Hair Conditioning, UV Protection), and Application (Skin Care, Hair Care, Make-up)- Global Forecast to 2028", size was USD 132 million in 2023 and is projected to reach USD 178 million by 2028, at a CAGR of 6.2%, between 2023 and 2028. The cosmetic antioxidants market is driven by the rise in the aging population, increasing disposable income, and changing lifestyles of consumers. Self-expression and appearance are of utmost importance in today's fast-paced social media-driven world, thereby driving the demand for cosmetic products, which in turn, is fueling the demand for antioxidants.

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The growth of the natural source segment of the cosmetic antioxidants market can be attributed to the formulation and stringent implementation of various regulatory obligations over the use of chemically derived ingredients in cosmetics. Moreover, the increased awareness among the masses about the benefits offered by natural ingredients is also fueling the growth of the natural source segment of the cosmetic antioxidants market.

Vitamins are used in various cosmetics products. Their positive effect on the human skin is a major driving factor. Vitamins are known for their antioxidant properties, which help protect the skin from damage caused by free radicals. They can also promote collagen production, improve skin elasticity, and enhance the overall appearance of the skin. Additionally, certain vitamins have been found to have moisturizing, brightening, and anti-aging effects.

The global population is aging, with a larger proportion of people reaching older age groups. As people age, there is a growing demand for products that can help maintain a youthful appearance and address age-related concerns. Cosmetic antioxidants are widely used in cosmetic products such as serums, face creams, and lotions, among others, as anti-aging ingredients. These antioxidants help increase collagen and hydrate the skin.

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Cosmetic antioxidants play a crucial role in skincare products. They help protect the skin from damage caused by free radicals, which are unstable molecules that can lead to inflammation, premature aging, and other skin concerns. These antioxidants can be found in various skincare products, such as serums, moisturizers, and creams. Incorporating products with antioxidants into your skincare routine can help protect your skin and promote a healthier, more youthful appearance.

The cosmetics industry in the Asia Pacific is flourishing due to a rise in the number of working women, increased spending of the masses on cosmetic products, and the growth of the young population in the region. Increasing population, improving standard of living, and rising e-commerce activities have increased the demand for cosmetic products in the region. Emerging economies such as China and India are high-growth markets for skin care, hair care, and make-up products in the region, owing to the economic growth of these countries and increased consumer spending on cosmetic products.

The key players profiled in the report include Evonik Industries AG (Germany), Croda International Plc (UK), BASF SE (Germany), Eastman Chemical Company (US), and Wacker Chemie AG (Germany).

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Evonik Industries AG, also known as Evonik, manufactures specialty chemical products. It operates through five business segments: specialty additives, smart materials, , nutrition & care, performance materials, and technology & infrastructure. Evonik conducts its cosmetic antioxidants manufacturing and commercialization processes under the nutrition & care business segment. It is one of the major global suppliers of specialty chemicals. It has a strong presence in the European region and has integrated world-scale production facilities at nearly 104 locations in 27 countries. The company is focused on expansion and has been making a major investment in its production site, Marl, Germany.

Croda International Plc manufactures, markets, and distributes natural-based specialty chemicals. The company operates its business under three main segments: consumer care, life sciences, and industrial specialties. It offers cosmetic antioxidants through its consumer care business segment. The company's well-established distribution network and brand value serve as an important factor for its growth. It has 18 manufacturing sites, and its offices are present in more than 30 countries worldwide. It operates in Europe, Asia, North America, and Latin America.

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