Functional Cosmetics Market Analysis and Forecast to 2031: By Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, Hair Care), and Region
Functional cosmetics are products that provide a benefit to the user beyond simply making them look more attractive. These products can improve the health and appearance of the skin, hair, and nails, and may also provide protection from the sun and other environmental factors. Functional cosmetics are often used to treat specific conditions such as acne, eczema, and psoriasis.
Key Trends
Functional cosmetics are those that are designed to improve the appearance or health of the skin. Common ingredients in these products include antioxidants, anti-inflammatories, and hydrating agents.
One of the key trends in functional cosmetics technology is the development of products that can target specific skin concerns. For example, there are now products available that can help to reduce the appearance of fine lines and wrinkles, improve skin tone, and boost collagen production.
Another trend is the use of natural and organic ingredients. This is in response to consumer demand for more natural and environmentally-friendly products.
Finally, there is a trend towards multifunctional products that can provide a range of benefits. This is because consumers are increasingly looking for products that can save them time and money.
Key Drivers
The major factors driving the growth of this market are the increasing awareness about the benefits of functional cosmetics and the growing demand from the millennial population. Functional cosmetics are beauty products that offer additional benefits such as anti-aging, UV protection, and others.
The increasing awareness about the benefits of functional cosmetics is one of the key drivers of the market. Functional cosmetics are known to offer a number of benefits such as anti-aging, UV protection, and others. The millennials are the major target audience for the functional cosmetics market as they are more aware about the benefits of these products and are willing to spend on them.
The other key driver of the market is the growing demand from the millennial population. The millennials are the major target audience for the functional cosmetics market as they are more aware about the benefits of these products and are willing to spend on them.
Restraints & Challenges
Some of the key restraints and challenges in the functional cosmetics market include the high cost of these products, the lack of awareness among consumers, and the stringent regulations governing the cosmetics industry.
The high cost of functional cosmetics is a major restraint on the market growth. These products are usually made with premium ingredients and are priced accordingly. However, the majority of consumers are not aware of the benefits of these products and are unwilling to pay the high price.
The cosmetics industry is highly regulated, and this is a challenge for companies operating in this market. There are strict rules and regulations governing the manufacture, marketing, and sale of cosmetics. This makes it difficult for companies to introduce new products and innovative formulations.
Despite the challenges, the functional cosmetics market is expected to grow at a healthy rate in the coming years. Increasing awareness about the benefits of these products and the launch of new and innovative products are expected to drive the market growth.
Market Segmentation
The functional cosmetics market is segmented by function, application and region. By function, the market is divided by conditioning agents, UV filters, anti-aging agents and skin lightening agents. By application, the market is classified into skin care and hair care. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the functional cosmetics market are Unilever ,Givaudan SA, BASF SE, Clariant AG, Croda International Plc, Evonik Industries AG, Gattefossé SAS, L’Oréal, The Estee Lauder Companie ,and Shiseido Company
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Functional Cosmetics Market Outlook
3.1. Functional Cosmetics Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Functional Cosmetics Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Functional Cosmetics Market
4.3. Economic Impact Analysis
Chapter 5. Functional Cosmetics Market by Function
5.1. Market Overview
5.2. Conditioning agents
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. UV filters
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Anti-aging agents
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Skin lightening agents
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Functional Cosmetics Market by Application
6.1. Market Overview
6.2. Skin Care
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Hair Care
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Functional Cosmetics Market by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.2.3. North America Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.4. North America Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.2.5. North America Functional Cosmetics Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.6. The U.S.
7.2.6.1. The U.S. Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.2.6.2. The U.S. Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.3. The U.S. Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.2.7. Canada
7.2.7.1. Canada Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.2.7.2. Canada Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.3. Canada Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.2.8. Mexico
7.2.8.1. Mexico Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.2.8.2. Mexico Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.8.3. Mexico Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.3. Europe Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.4. Europe Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.5. Europe Functional Cosmetics Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.6. Germany
7.3.6.1. Germany Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.6.2. Germany Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.3. Germany Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.7. France
7.3.7.1. France Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.7.2. France Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.3. France Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.8. U.K.
7.3.8.1. U.K. Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.8.2. U.K. Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.3. U.K. Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.9. Spain
7.3.9.1. Spain Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.9.2. Spain Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.3. Spain Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.10. Italy
7.3.10.1. Italy Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.10.2. Italy Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.3. Italy Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.3.11. Rest of Europe
7.3.11.1. Rest of Europe Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.3.11.2. Rest of Europe Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.11.3. Rest of Europe Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Functional Cosmetics Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.5. Asia-Pacific Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4.6. China
7.4.6.1. China Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.6.2. China Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.3. China Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4.7. India
7.4.7.1. India Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.7.2. India Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.3. India Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4.8. Japan
7.4.8.1. Japan Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.8.2. Japan Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.3. Japan Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4.9. South Korea
7.4.9.1. South Korea Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.9.2. South Korea Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.3. South Korea Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.4.10. Rest of APAC
7.4.10.1. Rest of APAC Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.4.10.2. Rest of APAC Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.10.3. Rest of APAC Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.5.3. Rest of the World Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.4. Rest of the World Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.5.5. Rest of the World Functional Cosmetics Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.6. Latin America
7.5.6.1. Latin America Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.5.6.2. Latin America Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.3. Latin America Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.5.7. Middle East
7.5.7.1. Middle East Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.5.7.2. Middle East Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.3. Middle East Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
7.5.8. Africa
7.5.8.1. Africa Functional Cosmetics Market Size and Forecast by Function, 2021-2031, ($Million)
7.5.8.2. Africa Functional Cosmetics Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.8.3. Africa Functional Cosmetics Market Size and Forecast by Flow Rate, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. Unilever
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Givaudan SA
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. BASF SE
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Clariant AG
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Croda International Plc
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Evonik Industries AG
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. L’Oréal
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. The Estee Lauder Companies
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Shiseido Company
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Gattefossé SAS
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segmentation
By Functionality
- Conditioning agents
- UV filters
- Anti-aging agents
- Skin lightening agents
By Application
- Skin Care
- Hair Care
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa