Functional Cosmetics Market - Trends Forecast Till 2028

Functional Cosmetics Market by Type (Fixed CMM, Portable CMM), Industry (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-CM-FCM-1107


Number of Pages: 347

Domain: Chemicals & Materials

Functional Cosmetics Market – Trends Forecast Till 2028

The Functional Cosmetics market size is projected to reach a CAGR of 6.5% from 2022 to 2028.

Functional Cosmetics as suggested by the word are the cosmetics with a function. The functions like skin whitening, improving the skin wrinkles etc. There are various ingredients in the cosmetics like conditioning agents, moisturizers, colorants and active ingredients. These cosmetics take up minimalist approach without having a back in the performance.

Growing population of the age group of people using the cosmetics along with the increased work culture are some of the factors that have supported long-term expansion for Functional Cosmetics Market.

COVID-19 had a negative effect on the market as the retail shops were closed and the spending of people on the cosmetics was also cut down during the pandemic conditions.

Functional Cosmetics Market Research Report

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the growing population. The heavy machinery industry is booming rapidly, which, in turn, has driven the market for CMMs in India and China.

Functional Cosmetics Market is segmented into type, function and region.

On the basis of Type

  • Alpha Hydroxy Acids (AHAs)
  • Polyhydroxy Acids
  • Beta Hydroxy Acid (Salicylic Acid)
  • Hydroquinone
  • Kojic Acid
  • Retinoid
  • L-Ascorbic Acid
  • Hyaluronic Acid
  • Copper Peptide
  • Alpha Lipoic Acid
  • DMAE (Dimethylaminoethanol)
  • Vitamin C & E
  • Benzoyl Peroxide
  • Elastin
  • Niacinamide
  • Glycerin
  • Sulfate
  • Others (including Caffeine, Bentonite, Dihydroxyacetone, and Cyclopentasiloxane)  

On the basis of Function

  • Cleansing Agent
  • Moisturizing Agent
  • Lightening Agent
  • Anti-aging Agent
  • Thickening Agent
  • Water-binding Agent
  • Antibacterial Agent
  • Others (Emulsifying Agent)

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Functional Cosmetics Market Primary Respondent


Key Players

  • Unilever
  • Clariant AG
  • Croda International Plc
  • Evonik Industries AG
  • Gattefossé SAS
  • Givaudan SA
  • Lonza
  • Lucas Meyer Cosmetics
  • Nouryon
  • Seppic SA
  • Symrise AG
  • L'Oréal, Unilever
  • Procter & Gamble Co
  • The Estee Lauder Companies
  • Shiseido Company
  • Beiersdorf AG

Recent Developments

  • In August 2021, Clariant AG completed the acquisition of the Beraca which is a personal care speciality company from Brazil.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Functional Cosmetics  Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 6.5% during the forecasting period, 2022-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

type, function and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Unilever, BASF SE, Clariant AG, Croda International Plc, Evonik Industries AG, Gattefossé SAS, Givaudan SA, Lonza, Lucas Meyer Cosmetics, Nouryon, Seppic SA, Symrise AG, L'Oréal, Unilever, Procter & Gamble Co, The Estee Lauder Companies, Shiseido Company, Beiersdorf AG.

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