Global Skin Benefits Agents Market Assessment & Market Growth Evolution Forecasted for the Period 2017-2026

Posted on 2018-07-05 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jul-05 — /EPR Network/ — Consumers around the globe are becoming increasingly conscious about their skin. It is, after all, one of the most important parts of the human body. Blemishes, wrinkles and acne are some of the common skin problems. People constantly scout for remedies and potions that can effectively address the various issues associated with skin. While most consumers try to maintain a good skin care routine, others seek out skin care products that can make their skin flawless.

Most rightly so, as the skin act as barrier that protects underlying tissues from infection, desiccation and external stress. The aforementioned factors are reflecting favourably on the demand for skin benefit agents worldwide. In terms of volume, the global skin agent market is set to increase at a CAGR of 5.3% during the forecast period (2017-2026) and reach more than 23,400 Tonnes.

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As per the new report published by FactMR, 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.

For many, having a healthy skin usually is all they want, but some desire to enhance their skin to extraordinary scale. The skin as a shielding for underlying tissues from desiccation, infection and external stress, so it important to nourish it with appropriate agents that do not have any side effects. Demand for skin benefiting agents continues to escalate owing to their standout characteristics, which is beneficial for the skin in many ways. It has been observed that people all over the world are spending more of skin care product. This, in turn, is expected to partly support the growth of the global market for skin benefit agents. In addition, skin care brands are coming up with products that contain rare skin benefit agents. These products are catering to diverse skin care needs. Skin care products have become popular among consumers from different backgrounds. Skin benefit agents are helpful for consumers from all age groups. They can be beneficial in acre reduction, wrinkle and other common skin associated issues. Also, these agent could be used for improve skin quality and skin protection. Popularity of skin benefiting agents is anticipated to spiral further in the years to come.

Key Takeaways from the Report Include:

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.
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%.
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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APEJ to Spearhead the Global Skin Benefit Agents

In terms of volume, Asia Pacific excluding Japan (APEJ) is expected to dominate the global skin benefit agents market in 2017, and the trend is likely to continue throughout the forecast period. APEJ’s skin benefit agents market is projected growing at a CAGR of 5.8% between 2017 and 2026.

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.

Competition Tracking

FactMR in its report has profiled key market players, including Akzonobel N.V., Sederma Inc., Procter & Gamble Co., Unilever, Beiersdorf A.G., BASF SE, Clariant AG, Evonik Industries AG, L’oreal, and Avon Products.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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