Middle East and Africa Cosmetic Bioactive Ingredients Market Segments and Growth by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and Africa Cosmetic Bioactive Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ingredient Type (Probiotics and Prebiotics, Omega-3 Fatty Acids, Vitamins, Carotenoids and Antioxidants, Plant Extracts, Minerals, Amino Acids, Proteins and Peptides, and Others) and Sources (Plant, Animal, and Microbial)
- Report Date : Nov 2021
- Report Code : TIPRE00025813
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 131
The Middle East and Africa cosmetic bioactive ingredients market is expected to reach US$ 79.7 million by 2028 from US$ 60.7 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021–2028.
Increasing consumer demand for natural products is fueling the research related to bioactive substances that can be used in cosmetics. Middle East and Africa is home to a few of the biggest bioactive ingredient manufacturers and personal care brands such as BASF, and DSM. The launch of bioactive ingredients for the personal care industry is driving the growth of the market. In June 2019, BASF Care Creations launched three new active ingredients for the beauty market, which use rambutan trees that provide skin hydration and rejuvenation. Similarly, in April 2019, Lonza launched the H2OBioEV bioactive ingredient, which is a unique combination of naturally sourced ingredients—Aphanothece Sacrum polysaccharides and Galactoarabinan—with water and glycerin. The ingredient confers moisturization abilities by replenishing essential humectants, which facilitates optimal environment for the formation and maintenance of a strong epidermal protein barrier.
Cosmetic clinics in the UAE have been adhering to all of the regulations set by their regulators, with all safety measures in place, such as routine cleaning and regular Covid-19 testing for employees, to ensure the health and safety of all as business upsurges. However, the market in this pandemic is on declining due to the reduced demand for cosmetic treatments due to the outbreak of COVID-19. The countries mainly focused on the treatment of Covid 19 patients and hence the appointments for the dermatological surgeries are postponed. The UAE and Saudi Arabia are considered among the world’s biggest markets for makeup and skincare products. Saudi women typically rack up $909 in yearly bills, the highest in the world, while Emirati women spend 694 dollars a year, according to a study conducted this year by discount site Picodi.com. The retail value of the Middle East and Africa (MEA) region’s beauty and personal care market also showed strong growth potential prior to the pandemic, going up by eight percent to $34.9 billion in 2019, from $32.4 billion a year earlier, according to Euromonitor. The market hit a slump in March when the coronavirus lockdowns were imposed, and consumer spending habits shifted. “Consumers prioritized products focused on preventative health. The impact of the COVID19 pandemic on the regional market is moderate.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the cosmetic bioactive ingredients market. The Middle East and Africa cosmetic bioactive ingredients market is expected to grow at a good CAGR during the forecast period.
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Middle East and Africa Cardiovascular Needle Market Segmentation
By Ingredient Type
- Probiotics and Prebiotics
- Omega-3 Fatty Acids
- Vitamins
- Carotenoids and Antioxidants
- Plant Extracts
- Minerals
- Amino Acids
- Proteins and Peptides
- Others
By Sources
- Plant
- Animal
- Microbial
By Country
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Companies Mentioned
- BASF SE
- DuPont de Nemours, Inc.
- FMC CORPORATION
- Cargill, Incorporated
- Sensient Technologies Corporation
- DSM
- Ajinomoto Co. Inc.
- ADM
- Vytrus Biotech
Middle East and Africa Cosmetic Bioactive Ingredients Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 60.7 Million |
| Market Size by 2028 | US$ 79.7 Million |
| Global CAGR (2021 - 2028) | 4.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Ingredient Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- BASF SE
- DuPont de Nemours, Inc.
- FMC CORPORATION
- Cargill, Incorporated
- Sensient Technologies Corporation
- DSM
- Ajinomoto Co. Inc.
- ADM
- Vytrus Biotech
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