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Nanotechnology Market Share, Revenue Analysis Report
Nanotechnology Market Share
As per the report, the nanotechnology in cosmetics market size has grown rapidly in recent years. It will grow from $7.20 billion in 2023 to $8.36 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The nanotechnology in cosmetics market size is expected to see rapid growth in the next few years. It will grow to $15.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%.
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Role Of Green And Ethical Beauty In Driving Nanotechnology Cosmetics Market Growth
The growing demand for green and ethical beauty products is expected to propel the growth of nanotechnology in the cosmetics market going forward. Green and ethical beauty products are those made with natural, often organic, ingredients and with a focus on sustainability and cruelty-free practices. The demand for green and ethical beauty products stems from eco-conscious consumers' desire for cruelty-free, natural ingredients. Nanotechnology helps revolutionize formulations in green and ethical beauty by creating high-performance products with potentially fewer ingredients or more sustainable options. For instance, in March 2024, according to The Organic Beauty and Wellbeing Market Report, published by The Soil Association, a UK-based membership charity that focuses on the effect of agriculture on the environment, there has been a remarkable 65% growth in organic mother and baby care, alongside a solid 6% growth in organic health and personal care within the UK. Moreover, the overall organic beauty and wellbeing market in the UK reached a value of £147.6 million ($191.88 million) in 2022, compared to £138.2 million ($186.57 million) in 2021. Therefore, a growing demand for green and ethical beauty products drives nanotechnology in the cosmetics market.
Advancements In Nanotechnology Drive Luxurious Cosmetics
Major companies operating in nanotechnology in the cosmetics market are focusing on developing cosmetic formulations incorporating advanced technologies, such as green nanotechnology, to enhance product efficacy and sustainability. The green nanotechnology method helps enhance the effectiveness and penetration of active ingredients into the skin, providing improved skincare benefits and a luxurious experience for consumers. For instance, in December 2021, Nano Au Veda, an India-based health and wellbeing cosmetic company, introduced Au Glow, a nano-gold serum leveraging cutting-edge green nanotechnology. This innovative serum delivers luxurious skincare benefits, blending Kakadu plum-derived vitamin C with nano-gold particles for enhanced efficacy and penetration, catering to discerning consumers seeking premium skincare solutions.
The nanotechnology in cosmetics market covered in this report is segmented -
1) By Product: Hair Care, Skin Care, Make-Up, Sexual Well-Being, Other Products
2) By Nanomaterial: Liposomes, Nanoemulsions, Nanocapsules, Solid Lipid Nanoparticles, Nanosilver And Nanogold, Other Nanomaterials
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
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Major companies operating in the nanotechnology in cosmetics market are Christian Dior SE, Procter And Gamble Co., Guerlain (LVMH), L'Oréal S.A., Colgate-Palmolive Company, Esteé Lauder Companies Inc., Chanel SA, Kao Corporation, Beiersdorf AG, Shiseido Company Limited, Coty Inc., Natura And Co., Neutrogena Corporation, AmorePacific Corporation, Avon Products Inc., Mary Kay Inc., Clarins Group, Nu Skin Enterprises Inc., Revlon Inc., Elizabeth Arden Inc., Origins Natural Resources Inc., Oriflame Cosmetics AG, Murad Inc., La Prairie Group AG, Innisfree Corporation
Contents of the report:
1. Executive Summary
2. Nanotechnology In Cosmetics Market Report Structure
3. Nanotechnology In Cosmetics Market Trends And Strategies
4. Nanotechnology In Cosmetics Market - Macro Economic Scenario
5. Nanotechnology In Cosmetics Market Size And Growth
…..
27. Nanotechnology In Cosmetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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