Cosmetics Antioxidants Market: What are the Short and Long-term Actions taken by Key Players During Coronavirus Pandemic?

 Infinium Global Research’s recent report on the “Cosmetics Antioxidants Market (By Source - Natural, Chemically Derived; By Type - Vitamins, Enzymes, Polyphenols; By Function- Anti-aging, Hair Conditioning, UV Protection; By Application -Skin Care, Hair Care, Make-up): Global Industry Analysis, Trends, Size, Share and Forecasts upto 2026” estimates that market was sized near USD 100 billion in 2020 and will reach over USD 140 billion by 2026. The report also provides a comprehensive outline of the factors responsible for the growth of the market.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/26605

Human skin is equipped with an array of antioxidant enzymes to protect the cells from the damaging effects of free radicals. Enzymes such as catalase, superoxide dismutase (SOD), and glutathione (GSH) biosynthesizing enzymes protect the tissues from free radicals. In addition, antioxidant molecules such as vitamins A, C, and E slow the process of aging either by preventing free radicals from oxidizing sensitive biological molecules or by reducing.

Asia Pacific Dominates the Cosmetic Antioxidants Market

The  Asia-Pacific holds the largest market share in the Cosmetic Antioxidants market. Countries, like India and China, represent the emerging market for different antioxidants cosmetic products and have grown rapidly over the last few years. India has witnessed a sharp influx of many international brands in biological-derived cosmetic products. Furthermore, the aggressive marketing strategy by the companies, to use eco-friendly and natural antioxidants in cosmetic products has also significantly contributed to elevating the cosmetic antioxidants market in this region. As per the statistic given by the Confederation of Indian Industries (CII), currently, the Indian cosmetic industry is approximately 600 million US dollars and is expected to grow by 15-20% annually. An increasing disposable income in developing countries, such as India, China, Brazil, and countries in Southeast Asia, has been sustaining growth in this market.

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The Major Market Players are Focusing on Strategic Merger and Acquisition to Strengthen their Market Position

The key players in the cosmetic antioxidants market are BASF SE, Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Evonik Industries AG, BTSA Biotecnologías Aplicadas, S.L., Ashland Global Holdings, Kemin Industries, Inc. and Barentz International BV. The major market players are focusing on strategic mergers and acquisitions to strengthen their market position. For instance, in January 2020 Evonik Industries AG, acquire the Wilshire Technologies, Inc. This acquisition is made to aid Evonik in the expansion of its care solution business segment, which also comprises nutricosmetics components.

Natural Source of Antioxidants is Expected to Grow with the Highest CAGR

Naturals' sources of ingredients are increasingly used in conventional cosmetics and personal care products. Companies are replacing synthetic chemicals with natural ingredients, because of consumer demand and a move towards sustainable raw materials. Consumer concerns about synthetic chemicals in cosmetics and toiletries are helping to support this demand. A growing number of cosmetics companies are therefore replacing chemicals antioxidants with natural antioxidants. Moreover, there is a growing demand for vegetable extracts in the cosmetics industry, demand mostly comes from the skincare and haircare product categories, since vegetable extracts can have antioxidant and antimicrobial properties.

Companies in Natural Ingredients for Cosmetics Face Challenges of A Big Cash Flow During Pandemic

The global outbreak of the COVID-19 is having a major impact on international trade, travel, and communication. Like in many other sectors, companies trading in natural ingredients for cosmetics also face some challenges. The global beauty industry has been disrupted by the COVID-19 crisis. The first quarter of 2020 sales have been weak, supply chain bottlenecks have reduced product availability and consumers have had limited access to retail outlets. Hence, there has been a rapid acceleration in online sales across cosmetics product categories. A big cashflow problem for companies in the natural ingredients sector is that farmers and producers are typically paid immediately. Again companies are also Implemented strict cost controls, including reduced advertising and promotion activities, travel, meetings, consulting, and certain employee costs.

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