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Functional Cosmetics Market Trends

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Report ID: 3884
Published Date: Aug 21, 2024
Report Format: PDF, PPT

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Functional Cosmetics Market Trends

Growth Drivers

Increasing Health and Wellness Awareness amongst the Population
Growing Disposable Income Globally

Challenges

Higher Costs of Organic Products
Fluctuating Prices and Availability of Organic Raw Materials

Functional Cosmetics Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.5%
Base Year Market Size (2023)	USD 3.44 billion
Forecast Year Market Size (2036)	USD 6.9 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Functional Cosmetics Market Size & Share, Growth Report 2036

Author Credits: Rajrani Baghel

Report ID: 3884
Published Date: Aug 21, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of functional cosmetics is assessed at USD 3.59 billion.

Functional Cosmetics Market size was over USD 3.44 billion in 2023 and is likely to reach USD 6.9 billion by 2036, witnessing around 5.5% CAGR during the forecast period i.e., between 2024-2036. Growing skin care trends amongst the youth will boost the market growth.

Asia Pacific industry is predicted to account for largest revenue share by 2036, owing to increasing global adoption of traditional skincare methods.

The major players in the market are Stepan Company, BASF SE, Nouryon Chemicals Holding B.V., Clariant AG, Evonik Industries AG, SEPPIC SA, Lucas Meyer Cosmetics Canada Inc., Columbia PhytoTechnology LLC, Eastman Chemical Company, and others.

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