Cosmetic Bioactive Ingredients Market Share

North American Market Forecast

North America industry is predicted to hold largest revenue share of 35% by 2037. The presence of a large number of market participants in North America is the main reason for this growth. The main factors underpinning the progress of the cosmetic bioactive ingredients market in the region are growing awareness about environment-friendly products and rising demand for color cosmetics.

European Market Statistics

The Europe cosmetic bioactive ingredients market is also estimated to grow by the end of 2037, owing to stringent legislation regarding the use of chemicals in the cosmetic industry, as they are suspected to cause genetic mutations and cancer. The European Commission in March 2022 banned 23 mutagenic, carcinogenic or toxic reproduction chemicals under Article 15 of the Cosmetics Regulation.