Global Upcycled Cosmetic Ingredients Market Size To Exceed USD 424.12 Million by 2033 | CAGR of 5.75%
Category: Consumer GoodsGlobal Upcycled Cosmetic Ingredients Market Size To Exceed USD 424.12 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Upcycled Cosmetic Ingredients Market Size Expected to Grow from USD 242.50 Million in 2023 to USD 785 Million by 2033, at a CAGR of 5.75% during the forecast period 2023-2033.
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Browse key industry insights spread across 237 pages with 109 Market data tables and figures & charts from the report on the "Global Upcycled Cosmetic Ingredients Market Size, Share, and COVID-19 Impact Analysis, By Ingredient Type (Oils and Extracts, Powders, Butters, and Others), By Application (Skincare, Haircare, Fragrances, Makeup, and Body Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/upcycled-cosmetic-ingredients-market
The upcycling cosmetic ingredients market repurposes excess or waste, along with byproducts from food manufacturing, into sustainable raw materials for beauty products. Fruit peels, seeds, or pulp are repurposed into oils, extracts, or powders that are used for skincare, haircare, cosmetics, or fragrances. Moreover, the market for upcycled cosmetic ingredients is being pushed by rising customer interest in eco-friendly beauty, which is causing manufacturers to embrace sustainable methods. Technological improvements allow for the efficient extraction and processing of waste materials into valuable substances. Furthermore, growing concerns about resource scarcity drive the usage of repurposed materials, while manufacturers strive to achieve eco-certification criteria. Consumer education on waste reduction is driving demand for new, sustainable beauty solutions that line with environmental principles. However, the upcycled cosmetic ingredients business confronts barriers such as low consumer awareness, variable quality control of recycled materials, and increased production costs. Regulatory limitations and the need for modern technologies to efficiently handle trash can hinder industry expansion.
The oils and extracts segment is expected to hold the largest share of the global upcycled cosmetic ingredients market during the projected timeframe.
Based on ingredient type, the global upcycled cosmetic ingredients market is categorized as oils and extracts, powders, butters, and others. Among these, the oils and extracts segment is expected to hold the largest share of the global upcycled cosmetic ingredients market during the projected timeframe. The segmental growth is driven by oils and extracts produced from fruits, seeds, and plants, which provide significant hydration, sustenance, and antioxidant protection. They are frequently used in premium cosmetic products to meet demand.
The skincare segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the application, the global upcycled cosmetic ingredients market is categorized as skincare, haircare, fragrances, makeup, and body care. Among these, the skincare segment is expected to grow at the fastest CAGR during the projected timeframe. This is due to the growing customer preference for sustainable, natural, and effective skincare products. Upcycled components, including plant-based oils and extracts, are known for their high antioxidant, anti-aging, and moisturizing characteristics, which match the growing demand for eco-friendly and high-performance skincare products.
North America is projected to hold the largest share of the global upcycled cosmetic ingredients market over the forecast period.
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North America is projected to hold the largest share of the global upcycled cosmetic ingredients market over the forecast period. This is due to rising consumer demand for sustainable and eco-friendly products in the region, as well as increased environmental awareness. Major beauty firms in the United States and Canada are actively embracing recycled components to suit consumers' demands for clean, natural beauty.
Europe is expected to grow at the fastest CAGR growth of the global upcycled cosmetic ingredients market during the forecast period. This expansion is due to the region's emphasis on sustainability, stringent environmental restrictions, and significant customer demand for cruelty-free and eco-friendly products. European consumers are increasingly demanding natural, organic, and sustainable cosmetic solutions, forcing companies to use repurposed ingredients.
Major vendors in the global upcycled cosmetic ingredients market are OLVEA Group, Mibelle AG, P2 Science, Inc., RAHN AG, Hair O'right International Corporation, Lignopure GmbH, SOPHIM, Innomost, Givaudan SA, Symrise, Cargill, Incorporated, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2024, Mibelle Biochemistry introduced RejuveNAD, a novel active component produced from organic sunflower sprouts that naturally boosts NAD+ levels for a longer skin lifespan.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global upcycled cosmetic ingredients market based on the below-mentioned segments:
Global Upcycled Cosmetic Ingredients Market, By Ingredient Type
- Oils and Extracts
- Powders
- Butters
- Others
Global Upcycled Cosmetic Ingredients Market, By Application
- Skincare
- Haircare
- Fragrances
- Makeup
- Body Care
Global Upcycled Cosmetic Ingredients Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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