Rising Awareness About The Benefits Of Natural And Organic Ingredient Fueling the growth of Cosmetic Botanical Extracts Market

 

Cosmetic Botanical Extracts Market

The global Cosmetic Botanical Extracts Market is estimated to be valued at US$ 2.36 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Cosmetic botanical extracts are bioactive compounds derived from plants sources that provide various advantages in cosmetic formulations including antioxidant, anti-inflammatory and skin conditioning properties. They help protect the skin from environmental damages and support natural collagen production for youthful appearance.

 

Market key trends:

Rising awareness about the benefits of natural and organic ingredients in cosmetics is a major trend boosting the demand for botanical extracts. Consumers are increasingly preferring cosmetic products containing botanical extracts rather than synthetic ingredients due to their less harmful nature and natural skin healing qualities. Botanical extracts from green tea, grape seed, frankincense, rosemary and hibiscus are some of the widely used ingredients by cosmetic manufacturers. Furthermore, surge in demand for multifunctional anti-aging cosmetics has propelled cosmetic companies to introduce innovative product ranges incorporated with active botanical extracts.

Segment Analysis

The global cosmetic botanical extracts market is segmented by source type into leaves, fruits, flowers, roots, and whole plants. Among these, the leaves segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Leaves serve as a viable source of valuable phytochemicals and antioxidants that help nourish and protect the skin. They contain higher concentrations of phenolic compounds, vitamins, and minerals as compared to other plant parts. This makes leaves the preferred source type for manufacturers.

 

Key Takeaways

The Global Cosmetic Botanical Extracts Market Share is expected to witness high growth, exhibiting a CAGR of 6.3% over the forecast period, due to increasing demand for naturally-derived ingredients in cosmetics.

 

Regional analysis:

North America accounted for the largest share of the global market in 2022 and is expected to dominate the market over the forecast period. This is attributed to the high purchasing power of consumers and their growing inclination toward natural and organic personal care products in the region.

 

Key players:

Key players operating in the cosmetic botanical extracts market are Croda International, Ashland Global Holdings, Givaudan, BASF SE, Symrise AG, International Flavors & Fragrances Inc., Biolandes SAS, Lipotec SAU, Rahn AG, and Carrubba Incorporated. Croda International and Ashland Global Holdings captured a significant share of the global market in 2022.

Get More Insights Here

https://www.newsstatix.com/cosmetic-botanical-extracts-market-share-size-forecast-outlook-2023-2030/

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