PUBLISHER: Inkwood Research | PRODUCT CODE: 1096635
PUBLISHER: Inkwood Research | PRODUCT CODE: 1096635
The Asia-Pacific cosmetic bioactive ingredients market is projected to record a 5.87% CAGR over the forecasted period, 2022-2030. The presence of cosmetic products as vital lifestyle components and the growing popularity of K-beauty cosmetics and skincare are driving the Asia-Pacific market growth.
The Asia-Pacific cosmetic bioactive ingredients market growth evaluation encompasses the analysis of India, Japan, Australia & New Zealand, China, South Korea, Singapore, Taiwan, Indonesia, and Rest of Asia-Pacific. South Korea is considered one of the top 10 beauty markets in the world, wherein skin care products have dominated the market, followed by hair care and perfumes. South Korean customers are now inclining towards customized cosmetic products, wherein they can purchase the products as per their skin, hair, face, etc., preferences.
Furthermore, beauty trends have changed in the India cosmetic bioactive ingredients market. Several apps have been launched in the Indian market to cater to the customers' beauty and cosmetic-related needs. The demand for organic and herbal products has increased. Therefore, face care, hair care, and skincare products include plant extracts and herbals as the customers prefer the ingredients. Hence, the increasing demand fuels the market growth in India.
In Indonesia, skincare products are in demand, followed by cosmetics and fragrances. Customers also demand natural and organic shampoo, conditioner, body wash, gel, and body lotion for babies. Additionally, face serum, face wash and facial masks are also in demand. The Indonesian domestic brands have emerged in the Indonesian market. Retinol, green tea leaf extract, phenoxyethanol, and raspberry fruit extracts are some of the popular ingredients driving the cosmetic bioactive ingredients market growth in Indonesia.
Some key players influencing the market include: Bloomage Biotechnology Corporation Limited, Evonik, Inkos Co Ltd, Toyo Beauty Co Ltd, etc.