Global Marine Based Skincare Ingredients Market Size, Share, Growth Analysis, By Application(Face Care, Skin Care), By Ingredient Type(Algae Based, Sea wood Based)

Description

Global Marine Based Skincare Ingredients Market size was valued at USD 613.63 million in 2022 and is poised to grow from USD 654.13 million in 2023 to USD 1090.74 million by 2031, growing at a CAGR of 6.60% during the forecast period (2024-2031).

The cosmetics and skincare industry is witnessing a surge in the popularity of marine-based skincare ingredients, thanks to their myriad benefits for the skin. Market focus is on delivering skincare solutions that capitalize on these ingredients' unique properties, including potent antioxidant, anti-inflammatory, moisturizing, and anti-aging effects, thereby enhancing skin health and appearance. This trend presents lucrative prospects for skincare manufacturers and cosmetic companies to create innovative, natural, and sustainable skincare products, catering to the rising demand for clean and green solutions. Leveraging marine-based ingredients opens avenues for product differentiation, formulation creativity, and marketing strategies, aligning with consumers' preferences for effective and environmentally friendly skincare.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Marine Based Skincare Ingredients Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Marine Based Skincare Ingredients Market Segmental Analysis

Global Marine Based Skincare Ingredients Market is segmented on the basis of application, ingredients type and region. By application, the market is segmented into face care, body care, and hair care. By ingredients type, the market is segmented into algae based, seawood based, fish based. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Marine Based Skincare Ingredients Market

The surge in popularity of marine-based skincare rituals, drawing inspiration from traditional coastal practices, reflects a growing trend among consumers in search of distinctive and potent skincare remedies. This trend fuels the demand for marine-based skincare ingredients renowned for their diverse advantages, including hydration, anti-aging properties, soothing effects, and rejuvenation, thereby shaping the landscape of the skincare industry.

Restraints in the Global Marine Based Skincare Ingredients Market

The sustainability of marine-based skincare ingredient sourcing faces challenges from overfishing, pollution, and environmental degradation of marine habitats, potentially impacting the long-term availability and quality of these ingredients for skincare products.

Market Trends of the Global Marine Based Skincare Ingredients Market

Skincare companies are dedicating resources to advancing research and development, focusing on creating novel formulations of marine-derived skincare components that promise heightened effectiveness, stability, and sensory appeal, thereby elevating the overall performance of skincare products.

Product Code: SQMIG30L2145

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Marine Based Skincare Ingredients Market by Application

Market Overview
Face Care
Skin Care
Hair Care

Global Marine Based Skincare Ingredients Market by Ingredient Type

Market Overview
Algae Based
Sea wood Based
Fish Based

Global Marine Based Skincare Ingredients Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Ashland Global Holdings Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BASF SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Croda International Plc (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Seppic (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lonza Group Ltd. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Givaudan S.A. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lipotec SAU (Spain)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Algues & Mer (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Codif Technologie Naturelle (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BioMarine Ingredients Ireland Ltd. (Ireland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Marinova Pty Ltd. (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vytrus Biotech (Spain)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BiotechMarine (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Laboratoires Expanscience (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Barentz Group (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nourison (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sea Run Holdings Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
OceanBASIS GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Seaweed Company (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lipoid Kosmetik AG (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eviagenics (Norway)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Marine Bio-Ingredients (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Marine Based Skincare Ingredients Market Size, Share, Growth Analysis, By Application(Face Care, Skin Care), By Ingredient Type(Algae Based, Sea wood Based) - Industry Forecast 2024-2031