Report Scope & Overview:
Active Ingredients Market Size was valued at USD 235.48 billion in 2022, and expected to reach USD 383.86 billion by 2030, and grow at a CAGR of 6.3% over the forecast period 2023-2030.
The components in products known as active ingredients are what provide consumers the positive impacts they do. Agrochemicals, cosmetics, and medicine manufacture all frequently use active compounds. Ceramides, niacinamide, hyaluronic acid, retinol, hydroquinone & kojic acid, salicylic acid, and alpha-hydroxic acid are a few of the important active chemicals utilised in personal care & cosmetics products, among many more.
Market Dynamics:
Drivers:
Increasing demand for sun protection, skin whitening, and anti-aging products.
Extensive use in the production of drugs.
Restraints:
Regulatory limitations.
Challenge:
Environmentally hazardous chemicals in personal care products are a worry.
Impact of Covid-19:
The COVID-19 pandemic had a positive effect on the market for active pharmaceutical components since the big producers produced enormous quantities of chemicals to meet the demand for COVID-19 treatment. The many COVID-19 strains and cases of black fungus have led to the development of a number of medications. Drug companies have changed their business strategies in response to the COVID-19 epidemic to concentrate on a bigger patient base. For instance, India's output of hydroxychloroquine surged as a result of the US's request to import it as a therapy for COVID-19. Additionally, the global research and development for the COVID-19 vaccine increased the demand for a variety of active components.
Key Players:
AkzoNobel N.V. (The Netherlands), Evonik Industries AG (Germany), Ashland (US), Clariant (Switzerland), BASF SE (Germany), Lonza (Switzerland), DuPont (US), Sumitomo Corp (Japan), FMC Corporation (US), Croda International Plc(UK), Eastman Chemical Company (US), and other players.
Market Segment:
By Functionality
Conditioning Agents
UV Filters
Anti-ageings Agents
Skin lightening Agents
By Application
Regional Analysis:
North America: The region's growing industrial sector is the main driver of the North American market for active ingredients. The market in North America is primarily driven by the rising prevalence of chronic diseases that are preventable, the government's increased emphasis on generic medications, the need for biologics and speciality medications, and improvements in API production technology. IQVIA (MIDAS May 2019) reports that the US market accounted for 65.2% of the sales of new medications introduced between 2013 and 2018, and that US$55.755 million was spent on pharmaceutical R&D in 2018.
Europe: Due to the expansion of the personal care and cosmetics sectors in the continent, there will likely be a significant demand for active ingredients in the European market. Germany, the UK, France, and other major nations are significant market growth
Asia-Pacific: Due to the region's quick industrialization, Asia-Pacific has the fastest-growing regional market. Emerging economies like India, South Korea, Thailand, and Malaysia have the greatest growth potential. Due to the presence of agricultural countries in the region and the rising demand for agrochemicals, the Asia-Pacific active ingredients market has been consistently expanding.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 235.48 Billion |
Market Size by 2030 | US$ 383.36 Billion |
CAGR | CAGR of 6.3% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Functionality and By Application |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | AkzoNobel N.V. (The Netherlands), Evonik Industries AG (Germany), Ashland (US), Clariant (Switzerland), BASF SE (Germany), Lonza (Switzerland), DuPont (US), Sumitomo Corp (Japan), FMC Corporation (US), Croda International Plc(UK), Eastman Chemical Company (US), and other players. |
DRIVERS | • Increasing demand for sun protection, skin whitening, and anti-aging products. • Extensive use in the production of drugs. |
Restraints |
• Regulatory limitations. |
Frequently Asked Questions (FAQ) :
Ans: Personal Care & Cosmetics, Pharmaceuticals and Agrochemicals are the sub-segments of by end user segment.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Regulatory limitations are the restraints for Active Ingredients Market.
Ans: AkzoNobel N.V. (The Netherlands), Evonik Industries AG (Germany), Ashland (US), Clariant (Switzerland), BASF SE (Germany), Lonza (Switzerland), DuPont (US), Sumitomo Corp (Japan), FMC Corporation (US), Croda International Plc(UK), Eastman Chemical Company (US) are the major key players of Active Ingredients Market.
Ans: Active Ingredients Market Size was valued at USD 221.5 billion in 2021, and expected to reach USD 339.7 billion by 2028, and grow at a CAGR of 6.3% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8 Active Ingredients Market Segmentation By Functionality
8.1 Conditioning Agents
8.2 UV Filters
8.3 Anti-ageings Agents
8.4 Skin lightening Agents
9 Active Ingredients Market Segmentation By Application
9.1 Skin Care
9.2 Hair Care
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 AkzoNobel N.V. (The Netherlands)
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Evonik Industries AG (Germany)
11.3 Ashland (US)
11.4 Clariant (Switzerland)
11.5 BASF SE (Germany)
11.6 Lonza (Switzerland)
11.7 DuPont (US)
11.8 Sumitomo Corporation (Japan)
11.9 FMC Corporation (US)
11.11 Croda International Plc (UK)
11.11 Eastman Chemical Company (US)
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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