Functional Cosmetics Market - Trends Forecast Till 2028

Market Overview

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.

Regional Analysis

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.

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

Competitive Landscape

Key Players

• 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

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

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