18 January 2023
Humans have been beautifying themselves since the beginning of time. The broader idea of beauty is often connected to a presentable and enhanced appearance, which is why there has been a demand for beauty products. However, let’s not forget that cosmetics are often a mixture of chemical compounds that are often derived using natural or synthetic sources. And the potential impact of the use of cosmetics on human health and the environment heavily depends on the chemical compounds they are made of.
Hence, more aware consumers are now inclined towards using eco-friendly and bio-based products as the ingredients for these products are primarily collected from natural sources, including microorganisms such as bacteria, algae and yeast and essential oils that are extracted from different plant extracts.
The key factor that led to increasing demand for bio-based cosmetics resulted from the surge in harmful impacts of chemical beauty products on humans and the environment. The rise in the demand for bio-based cosmetics can be primarily attributed to increasing awareness about the potentially harmful effects of synthetic chemicals. Moreover, the changing government regulations limiting the practice of synthetic ingredients in cosmetics are also contributing to the rise in bio-based product demand. Hence, many cosmetic companies now rely on adopting bio-derived cosmetic ingredients.
Moreover, the use of bio-based ingredients in cosmetics also aids in reducing the amount of carbon dioxide in the atmosphere, which is why bio-based ingredients are considered a perfect alternative for using non-renewable petroleum-based ingredients in beauty products.
While several bio-based and ecological cosmetics products are available, many consumers don’t understand the difference between the two. Primarily, bio-based cosmetic products use almost 95% of natural products. However, there is no specific benchmark for using organic products in the manufacturing of ecological cosmetics. Hence, bio-based cosmetic products will contribute more positively to the environment than eco-based cosmetic products.
The market size of the global bio-based cosmetics and personal care ingredients was $4.6 billion in 2021, and research suggests that the industry is likely to grow significantly during the forecast period of 2022-2027. It is expected that the global market is expected to be more than double the size by 2027.
In the global bio-based cosmetic market, the skincare and sun protection segment will likely dominate the industry throughout the forecast period of 2022-2027. This dominance can be attributed to the growing consumer awareness about sun and skin care products as it is a prerequisite for healthy skin.
Today, North America generates the highest demand and revenue in the global cosmetics bio-based products, with Europe generating the second greatest demand globally. The increase in demand for bio-based cosmetic products in Europe can be attributed to increasing skin concerns resulting from the pollution, which is pushing consumers to adopt bio-based beauty products for skin protection while taking care of the environment.
On the other hand, Asia-Pacific has emerged as the fastest-developing region in bio-based cosmetics.
The key players dominating the global Bio-Based Cosmetics market include Dow, Solvay, Eastman Chemical Company, DuPont Tate & Lyle Bio Products, Nouryon, Genomatica Inc., Sollice Biotech, Lubrizol Corporation and many other prominent players.
Douglas Insights, one of the world’s leading comparative analysis engines, has developed a highly descriptive and detailed report on bio-based products in the cosmetics market. It provides valuable insight to marketers, businesses and investors.
Moreover, the report generated by Douglas Insights helps you provide a detailed and scrupulous study of bio-based products in the cosmetics market using quantitative and qualitative data.
The report also contains detailed information about the industry, including historical data and trends. Hence, it will help you better understand the global market trends and the revenue generated in the past few years, along with an estimated forecast for revenue generation for the next five years.
Moreover, the report will also provide an in-depth explanation of the expected CAGR and market size and forecasts for revenue in the future. The report also encompasses a detailed description of any factors that will influence the size and growth of the market.
The drivers for the bio-based products in the cosmetics market, along with the opportunities and threats, will be explained in the report, which will also facilitate market penetration. Furthermore, the effects of the outbreak of COVID-19 are also mentioned along with a lot more valuable data, including regulatory analysis.
The report provides market analysis by type, distribution channels and region. The market analysis by type encompasses skin care, hair care, and cosmetic use, whereas the market analysis by distribution channels covers different modes of distribution ranging from specialty stores to hypermarkets and online distribution.
You can also find market analysis based on different regions, including North America, Europe, and Asia-Pacific, along with other minor shareholders in the world.
In total, the report highlights 59 data tables and a further 11 tables, which can help you get an idea of how detailed and meticulously crafted this report is. The data and analysis present is up-to-date, using 2021 as the base year and providing information about every possible thing you may need to know about bio-based products in the cosmetics market.
The report emphasizes on the significant growth strategies adopted by leading players in bio-based products in the cosmetics industry, along with an insight into the most recent product launches and market developments. Moreover, it also identifies all the major stakeholders in the industry that can affect the dynamic landscape of bio-based products in the cosmetics market.
Company profiles of leading players in the industry, including The Clorox Company, Loreal S.A., Blissoma Botanical Beauty, RMS Beauty, Natura & C.o., Shiseido Company Limited, The Estee Lauder Companies Inc. and a few more will also be included in the report.
Therefore, the Douglas Insights report for bio-based products in the cosmetics market can be a highly lucrative addition to your business. So, what are you waiting for? Click here for more information or to purchase the report.
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