Skin Benefits Agents Market Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026

As per the new report published by Fact.MR, the global skin benefit agent market is set to surpass 23,400 tonnes in terms of volume by 2026, reflecting above-average CAGR between 2017 and 2026. Rising level of awareness about skincare among consumers all over the world is fuelling the demand for skin benefit agents. Skin is one of the important parts of the body and needs constant care being the foremost layer. Human skin is fragile and sensitive, hence, can easily develop condition such as skin blemishes, dryness, oiliness, acne, allergy, etc. Modern consumers are increasingly seeking for skin care therapies, potions and remedies that help them maintain their skin or event improve it.

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The report offers an overview of the global skin benefit agents market. This comprises an introduction to the market, along with a standard definition of the product – skin benefit agents. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global skin benefit agents market, the report provides updates about market opportunities, which can benefit leading manufacturers of skin benefit agents. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for skin benefit agents manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Key Takeaways from the Report Include:

1) Among regions, Asia Pacific excluding Japan (APEJ) is expected to remain highly attractive market for skin benefit agents in 2017 and beyond. This is primarily owing to increasing use of cosmetic and skin care products among consumers in the region. In terms of volume, the market in APEJ is projected to increase at 5.8% CAGR during the assessment period.
2) Based on product type, the beta-hydroxy AcidS is expected to hold to top position over 2026. Currently, the segment account for more than 22% market share in terms of volume. Towards the end of forecast period, the segment is estimated to surpass 5,500 tonnes, reflecting a CAGR of 5.9%.
3) On the basis of functionality, the active agents segment will continue to outperform the additive segment in the forthcoming years. By 2026-end the active agent segment is expected to command for close to two-third market share in terms of volume.

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Beta-Hydroxy Acids a Leading Product Type
By the end of 2026, more than 5,500 tonnes of beta-hydroxy acids are expected to be sold worldwide. In terms of volume, global sales of beta-hydroxy acids currently accounts for over 22% market share. Over the course of the forecast period, 445.9 tonnes of beta-hydroxy acids are likely to be sold annually.

Active Agents Will Continue to Outsell Additives Over 2026
Demand for active agents is expected to remain relatively higher than additives throughout the assessment period. A large percentage of skin care products contain active agents owing to their exceptional properties. During the forecast period, more than 16,400 tonnes of active agents are likely to be used.

Competitive Landscape
Some of the leading companies operating in the global skin benefit agent market include BASF SE, Akzonobel N.V., Clariant AG, Sederma Inc., Evonik Industries AG, Procter & Gamble Co., L'oreal, Unilever, Avon Products, and Beiersdorf A.G.

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