Skin Bioactive Ingredients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Source (Plant and Animal), By Ingredient type (Probiotics, Prebiotics & Amino Acids, Omega3 Fatty Acids, Phytoextracts and Carotenoids), By Application Type (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, Animal Feed and Others), and Region Forecast 2019 to 2030.

Skin Bioactive Ingredients Market size was valued at USD 88.3 billion in 2023 and is poised to grow at a CAGR of 8.2%. Skin bioactive elements are useful substances that provide medicinal or aesthetic effects by interacting with the skin at the cellular level. These substances, which might be synthetic or natural, are frequently found in skincare, cosmetics, and pharmaceutical goods. Their main objective is to improve the health of the skin by addressing several problems like hyperpigmentation, inflammation, dryness, and ageing. Plant extracts, probiotics, antioxidants, peptides, and vitamins are examples of common bioactive components. The increasing consumer knowledge of skincare and their need for safe, effective, and scientifically supported products is driving up demand for skin bioactive components. As consumers gain more knowledge about product formulations, they choose products that contain active bioingredients like antioxidants, retinoids, and hyaluronic acid.

Furthermore, the ageing population is driving up demand for skincare products with anti-aging properties in places like Japan. Since many people are over 65, there is a growing demand for skincare products with potent bioactive components. However, stringent rules governing the use and authorisation of bioactive compounds in skincare products have the potential to impede market expansion. These laws frequently call for thorough testing and validation, which can be expensive and time-consuming.

While talking about opportunities, emerging markets like Latin America and the Asia-Pacific region have a lot of unrealised potential. There is room for market expansion in these areas due to the expanding middle class and rising demand for skincare goods. For instance, natural and bioactive components are preferred in skincare routines that are becoming more popular in countries like China and India.

Skin Bioactive Ingredients Market Key Developments:

• In 2023, Symrise launched a new line of bioactive skincare products. The development of these unique and cutting-edge nutritious additives will allow the business to increase the scope of products it offers. There is a wide variety of skin care products available, including treatments for the hair and nails, skin whitening, and conditioning and anti-aging. The introduction is a fitting addition to Symrise's extensive background in the cosmetics industry, given its wide range of skin care ingredient offerings.
• In June 2023, in response to customer demand and impending laws, Solvay has launched the brand called NATURAL, which emphasises regenerative beauty and combines biodegradable cosmetic ingredients.
• In January 2022, a new generation of scientifically engineered biomimetic peptides called PeptovitaeTM was introduced by BASF. Peptovitae is a combination of four patented peptides. PeptovitaeTM was developed exclusively for the Asian market in collaboration with Caregen, a globally recognised pioneer in biomimetic peptide research and development, a Korean-based company.