Market Introduction
Amid the active ingredients usually used in cosmetics preparation, there is a global trend of incorporating vegetable source products due to their commercial appeal, safety, and rich composition, often related with a synergistic or multifunctional effect. Botanical extracts are high in secondary metabolites that exist in plants with high structural diversity. Both flavonoids and non-flavonoids are related to various cosmetic properties, such as photoprotection, antiaging, moisturizing, antioxidant, astringent, anti-irritant, and antimicrobial activity. With bioactive components and pharmacologic activities, bioactive ingredients provide dermatologic benefits with potential applications for skin rejuvenation, photoprotection, and wound healing. The South and Central America cosmetic bioactive ingredients market growth is mainly attributed to rising preference for natural ingredients in cosmetic products and increasing launch of bioactive ingredients.
Moreover, the increasing research activities for development of bioactive ingredients is expected to bolster the market growth during the forecast period. However, stringent regulatory framework limits the growth of the South and Central America cosmetic bioactive ingredients market.
Latin America is witnessing a growing number of COVID-19 cases. With the outbreak of second wave COVID-19, there has been an increasing number of cases in the Latin American countries. Currently, the country is rapidly increasing its clinical programs to fight against the novel corona virus. There has been a rising focus on COVID-19 treatment. Many manufacturing plants have been shut down amid the pandemic. Majority of the manufacturing companies are concentrated in developing the therapeutics for covid patients in the region. Thus, the market has been slightly negatively affected or neutral due to the pandemic as majority of the market players are focusing on Covid-19 only.
Market Overview and Dynamics
The South and Central America cosmetic bioactive ingredients market is projected to reach US$ 115.6 million by 2028 from US$ 83.7 million in 2021; it is anticipated to grow at a CAGR of 4.7% from 2021 to 2028. Increasing consumer demand for natural products is fueling the research related to bioactive substances that can be used in cosmetics. South and Central America is home to a few of the biggest bioactive ingredient manufacturers and personal care brands such as BASF, and DSM. The launch of bioactive ingredients for the personal care industry is driving the growth of the market. In June 2019, BASF Care Creations launched three new active ingredients for the beauty market, which use rambutan trees that provide skin hydration and rejuvenation. Similarly, in April 2019, Lonza launched the H2OBioEV bioactive ingredient, which is a unique combination of naturally sourced ingredients—Aphanothece Sacrum polysaccharides and Galactoarabinan—with water and glycerin. The ingredient confers moisturization abilities by replenishing essential humectants, which facilitates optimal environment for the formation and maintenance of a strong epidermal protein barrier.
Key Market Segments
In terms of ingredient type, the amino acids segment accounted for the largest share of the South and Central America cosmetic bioactive ingredients market in 2020. Further, based on sources, the plant segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the cosmetic bioactive ingredients market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BASF SE; DuPont de Nemours, Inc.; FMC CORPORATION, Cargill, Incorporated, Sensient Technologies Corporation, DSM, Ajinomoto Co. Inc.; Roquette Frères; ADM; and Vytrus Biotech.
Reasons to Buy Report
- To understand the South and Central America cosmetic bioactive ingredients market landscape and identify market segments that are likely to guarantee a strong return
- To comprehend the ever-changing market landscape and stay ahead in competition
- To efficiently plan merger and acquisition, and partnership deals in the South and Central America cosmetic bioactive ingredients market by identifying segments with the most promising probable sales
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- To obtain market revenue forecast of the South and Central America cosmetic bioactive ingredients market based on various segments for the period 2021–2028
SOUTH AND CENTRAL AMERICA COSMETIC BIOACTIVE INGREDIENTS MARKET SEGMENTATION
By Ingredient Type
- Probiotics and Prebiotics
- Omega-3 Fatty Acids
- Vitamins
- Carotenoids and Antioxidants
- Plant Extracts
- Minerals
- Amino Acids
- Proteins and Peptides
- Others
By Sources
- Plant
- Animal
- Microbial
By Country
- South and Central America
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- Brazil
- Argentina
- Rest of South and Central America
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Companies Mentioned
- BASF SE
- DuPont de Nemours, Inc.
- FMC CORPORATION
- Cargill, Incorporated
- Sensient Technologies Corporation
- DSM
- Ajinomoto Co. Inc.
- Roquette Frères
- ADM
- Vytrus Biotech
South and Central America Cosmetic Bioactive Ingredients Market Strategic Insights
South and Central America Cosmetic Bioactive IngredientsMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 83.7 Million |
| Market Size by 2028 | US$ 115.6 Million |
| CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Ingredient Type
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Regions and Countries Covered
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| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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South and Central America Cosmetic Bioactive Ingredients Market Country and Regional Insights
