The cosmetic antioxidants market size is projected to reach USD 158 million by 2025 from USD 119 million in 2020, at a CAGR of 5.9%. increase I aging population is expected to support the growth of the cosmetic antioxidants market. However, higher cost of natural cosmetic antioxidants is restraining the growth of the market. On the other hand, increasing demand for male cosmeics has created opportunities for manufacturers.
Ashland Global Holdings (US), Lonza Group (Switzerland), BASF SE (Germany), Croda International Plc. (UK), and Eastman Chemical Company (US) are the major players in this market.
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BASF SE is one of the the largest players in the cosmetic antioxidants market. It has a strong brand name in the industry. Kuraray Co. Ltd. is a Japan-based chemical fiber company founded for the purpose of commercializing synthetic rayon. It later expanded its business into high-performance fibers, resins, and chemicals. It offers different products & services through six reportable business segments.
- In September 2019, BASF acquired Isobionics BV, an innovation leader in biotechnology. The company develops and produces a wide range of natural flavors and fragrances. The acquisition strengthens the nutrition & health division
- Recently, in june 2019, BASF launched a new range of bioactive ingredients for the cosmetics market. They launched three new active ingredients, which were derived from its Rambutan Program. These are preservative-free, natural origin, and COSMOS-approved. New bioactive ingredients use the unique properties of Rambutan to hydrate and rejuvenate skin and revitalize hair
Croda International manufactures and supplies specialty chemicals. It operates through four segments, namely, personal care, performance technologies, life sciences, and industrial chemicals. The company offers cosmetic antioxidants under the brands Croda, Crodarom, and Sederma.
- In November 2020, Croda International Plc announced a partnership with Anomera, Innovator in green chemistry, materials science, and sustainable manufacturing. Croda has become the exclusive distributor of Anomera’s materials in the personal care market. They will also collaborate to develop unique and innovative multifunctional ingredients and meet the needs of the cosmetics industry and its consumers
Lonza Group is a leading supplier of pharmaceutical, biotech, and specialty ingredients. The company operates through two product segments, namely, pharma, biotech & nutrition and specialty ingredients. The company offers cosmetic antioxidants under the specialty ingredients segment through its consumer care business unit.
- Lonza launched Modifect EV bioactive for even skin tone at in-cosmetics Latin America. Modifect EV is a new topical skincare solution that helps protect against damage caused by reactive oxygen species to even skin tone
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