Market Forecast by Countries (United States, Canada), By Source (Natural, Chemically Derived), By Function (Hair Conditioning, Anti-aging, Anti-inflammatory, UV Protection, Moisturizing, Hair Cleansing, Others), By Type (Vitamin, Carotenoids, Enzymes, Polyphenols, Others), By Application (Skin Care, Hair Care, Make-up) And Competitive Landscape
Product Code: ETC4622157 | Publication Date: Jul 2023 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 29 | |
North America Cosmetic Antioxidants Market report thoroughly covers the market by countries, source, function, type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America cosmetic antioxidants market is expected to witness significant growth in the forecast period. This can be attributed to the increasing demand for anti-aging and skin care products, rising awareness about the harmful effects of environmental pollutants on skin health, and a growing trend towards using natural and organic ingredients in cosmetics.
According to 6Wresearch, North America Cosmetic Antioxidants Market size is expected to grow at a significant CAGR of 8.6% during 2024-2030. One of the major contributors to this growth is the increasing aging population in North America. As people age, their skin becomes more prone to damage from free radicals, leading to wrinkles, fine lines, and other signs of aging. This has boosted the demand for cosmetic antioxidants that help protect the skin from oxidative stress and maintain its youthful appearance.
Moreover, with increasing concerns about pollution and its effects on skin health, there is a growing demand for cosmetic antioxidants that can neutralize the damaging effects of environmental pollutants. This has led to the development of innovative products by key players in the market, driving its growth even further.
However, challenges such as high cost of antioxidant ingredients and potential side effects associated with their excessive use may hinder the market's growth to some extent. Additionally, strict government regulations regarding the use of certain synthetic antioxidants in cosmetics may also have an impact on market growth.
Some of the key players operating in the North America cosmetic antioxidants market include BASF SE, Koninklijke DSM N.V., and The Archer Daniels Midland Company. These companies are investing heavily in research and development to introduce new and improved antioxidant ingredients for use in cosmetics.
Governments in countries like the United States and Canada have been actively promoting the use of natural ingredients in cosmetic products due to their numerous health benefits. As a result, many manufacturers are now opting to use antioxidant-rich ingredients in their formulations. Moreover, regulations set by these governments have also led to the development of stricter guidelines for the use of antioxidants in cosmetic products. This has not only ensured the safety and efficacy of these ingredients but has also boosted consumer confidence in using them.
North America cosmetic antioxidants market is poised for significant growth due to rising consumer awareness about skin health and increasing demand for natural and sustainable cosmetic products. With innovative product developments and a focus on natural ingredients, this market is expected to thrive in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is the largest market for cosmetics and personal care products in North America. With a strong economy and high disposable income, consumers in the US are willing to spend on premium beauty products, including those with added antioxidants.
Vitamins are witnessing a high demand in the market. This can be attributed to their ability to protect the skin from environmental stressors such as pollution and UV radiation. Vitamin E, in particular, is widely used in skincare formulations for its anti-aging properties.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cosmetic Antioxidants Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cosmetic Antioxidants Market Revenues & Volume, 2020 & 2030F |
3.3 North America Cosmetic Antioxidants Market - Industry Life Cycle |
3.4 North America Cosmetic Antioxidants Market - Porter's Five Forces |
3.5 North America Cosmetic Antioxidants Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Cosmetic Antioxidants Market Revenues & Volume Share, By Source, 2020 & 2030F |
3.7 North America Cosmetic Antioxidants Market Revenues & Volume Share, By Function, 2020 & 2030F |
3.8 North America Cosmetic Antioxidants Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.9 North America Cosmetic Antioxidants Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 North America Cosmetic Antioxidants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cosmetic Antioxidants Market Trends |
6 North America Cosmetic Antioxidants Market, 2020 - 2030 |
6.1 North America Cosmetic Antioxidants Market, Revenues & Volume, By Source, 2020 - 2030 |
6.2 North America Cosmetic Antioxidants Market, Revenues & Volume, By Function, 2020 - 2030 |
6.3 North America Cosmetic Antioxidants Market, Revenues & Volume, By Type, 2020 - 2030 |
6.4 North America Cosmetic Antioxidants Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Cosmetic Antioxidants Market, 2020 - 2030 |
7.1 United States Cosmetic Antioxidants Market, Revenues & Volume, By Source, 2020 - 2030 |
7.2 United States Cosmetic Antioxidants Market, Revenues & Volume, By Function, 2020 - 2030 |
7.3 United States Cosmetic Antioxidants Market, Revenues & Volume, By Type, 2020 - 2030 |
7.4 United States Cosmetic Antioxidants Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Cosmetic Antioxidants Market, 2020 - 2030 |
8.1 Canada Cosmetic Antioxidants Market, Revenues & Volume, By Source, 2020 - 2030 |
8.2 Canada Cosmetic Antioxidants Market, Revenues & Volume, By Function, 2020 - 2030 |
8.3 Canada Cosmetic Antioxidants Market, Revenues & Volume, By Type, 2020 - 2030 |
8.4 Canada Cosmetic Antioxidants Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Cosmetic Antioxidants Market Key Performance Indicators |
10 North America Cosmetic Antioxidants Market - Opportunity Assessment |
10.1 North America Cosmetic Antioxidants Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Cosmetic Antioxidants Market Opportunity Assessment, By Source, 2020 & 2030F |
10.3 North America Cosmetic Antioxidants Market Opportunity Assessment, By Function, 2020 & 2030F |
10.4 North America Cosmetic Antioxidants Market Opportunity Assessment, By Type, 2020 & 2030F |
10.5 North America Cosmetic Antioxidants Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Cosmetic Antioxidants Market - Competitive Landscape |
11.1 North America Cosmetic Antioxidants Market Revenue Share, By Companies, 2023 |
11.2 North America Cosmetic Antioxidants Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |