Antimicrobial Ingredients Market
Antimicrobial Ingredients Market (Product Type - Antibacterial Agent, Antifungal Agent, Antiviral Agent, and Antiparasitic Agent; End-use - Skin Care Products, Hair Care Products, Oral Care Products, Make-up Products and Other Cosmetic End Use; Form - Dry and Liquid) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
Antimicrobial Ingredients Market: Overview
The use of antimicrobial ingredients to slow the growth of bacteria and viruses in food and cosmetic products may serve as an influencing factor for the growth of the antimicrobial ingredients market during the forecast period of 2017-2026. The use of antimicrobial ingredients in food products and cosmetic products has been on the rise for a brief period. The rising prevalence of food-borne diseases is also a reason for the escalating consumption of antimicrobial ingredients market.
Food safety is a grave concern haunting the food and beverage industry for a long time. Antimicrobial ingredients help in tackling this obstacle and ensure safe and decay-free food products for the consumers. Therefore, this factor enhances the growth rate of the antimicrobial ingredients market.
As the new coronavirus pandemic raised its ugly head, lockdowns were announced by various countries to control the transmission. Numerous businesses across the globe faced huge losses, which had an immense impact on growth dynamics. The growth horizon of the antimicrobial ingredients market may gradually expand as lockdown is being relaxed in many regions and everything is returning to normalcy.
According to Transparency Market Research (TMR), the global antimicrobial ingredients market will expand at a CAGR of 4.1% during the forecast period of 2017-2026. The TMR report also predicts that by the end of the forecast period, that is, by 2026, more than 118,000 tons of antimicrobial ingredients will be sold across the globe. These statistics showcase the rising influence of antimicrobial ingredients across various applications such as skincare products, oral care products, make-up products, hair care products, and other cosmetic end-use.
Plant-Derived Ingredients to Play an Important Role in Growth of Antimicrobial Ingredients Market
The use of plant-derived antimicrobial ingredients across the cosmetic industry is gaining considerable momentum. Though natural ingredients have been used in cosmetic products for a long time, contemporary formulations are becoming more prevalent in the cosmetic industry. The use of plant-based antimicrobial ingredients for causing less harm to the skin may boost the growth rate of the antimicrobial ingredients market to a great extent.
Use of Antimicrobial Ingredients in Skincare Products Making a Mark
Skincare products are the top users of antimicrobial ingredients. The antimicrobial ingredients market has a great opportunity for garnering exponential growth through skincare products. Ingredients with antimicrobial capabilities are included in creams and lotions catering to skin care for preventing side-effects caused due to microbial activities.
The introduction of novel antimicrobial ingredients such as cosmetic grade azelaic acid, an antibacterial dicarboxylic acid, is making inroads in the cosmetic industry. Properties like anti-inflammation, anti-aging capabilities and hyper-pigmentation reduction can open the door of opportunities for the growth of the antimicrobial ingredients market.
Growing Influence of Antibacterial Agents Proving Useful For Growth of Antimicrobial Ingredients Market
Numerous players in the cosmetic industry are embracing antibacterial agents on a large scale for use in cosmetic products that stand a chance of developing microorganisms upon exposure to specific external elements. According to TMR, in 2017, more than 20,000 tons of antibacterial agents were sold across the antimicrobial ingredients market. This aspect sheds light on the rising influence of the antibacterial agents in the antimicrobial ingredients market.
The report further predicts a stable demand for anti-parasitic and antifungal agents. Eventually, the aforementioned product segments are predicted to account for almost half of the antimicrobial ingredients market across the forecast period.
Dry-Form Antimicrobial Ingredients to Conquer Two-Third of Market Volume
According to TMR, over 66 percent of antimicrobial ingredients developed across the world will be in dry form. The affordability quotient may act as a trump card for the rise in demand for dry-form antimicrobial ingredients. Furthermore, in comparison with liquid ingredients, dry ingredients have expanded their application area. Therefore, this factor can also serve as a growth generator for the antimicrobial ingredients market.
Antibacterial Soaps to Clench Good Revenue for Antimicrobial Ingredients Market
With the COVID-19 pandemic spreading rapidly among the global populace, hand washing has become important than ever. The use of antibacterial soaps is observing exceptional demand around the world due to the rising concerns about hand and body hygiene emerging due to the novel coronavirus pandemic. Antibacterial soaps are said to prevent the spread of infections with antimicrobial ingredients like benzethonium chloride, chloroxylenol, benzalkonium chloride, etc. Therefore, the increasing demand for antibacterial soaps will eventually benefit the antimicrobial ingredients market greatly.
The use of antimicrobial ingredients in hair care is also on the rise to get rid of disease-causing organisms on the scalp. The bactericidal shampoos help in killing bacteria or fungus on the hair that leads to stagnancy in nourishment. The inculcation of antimicrobial ingredients like ketoconazole and salicylic acid may gain considerable momentum due to their high antimicrobial properties.
Mergers and Acquisitions to Form the Crux of Antimicrobial Ingredients Market Growth
Key players in the antimicrobial ingredients market are involved in various activities such as mergers, acquisitions, joint ventures, collaborations, and partnerships for strengthening their position in the antimicrobial ingredients market. Thus this aspect brings great positivity in terms of growth for the antimicrobial ingredients market. Players in the antimicrobial ingredients market are also involved in consistent research and development activities to create efficient antimicrobial ingredient formulations for enhanced benefits and safety of cosmetic products.
Some major players in the antimicrobial ingredients market are The Dow Chemical Company, Lonza Group Ltd., Croda International PLC., Wacker Chemie AG, Solvay SA, Clariant AG, Ashland Global Holdings, and Akzo Nobel N.V.
Global Antimicrobial Ingredients Market: Holistic Outlook
The key role of antimicrobial ingredients in boosting the safety of products continues to drive their demand across multiple industries. Cosmetics and personal care products is observed as the single-most largest end-use industry for antimicrobial ingredients. With advancements in the formulations of cosmetic products, new ways of applying antimicrobial ingredients have been developed. In the near future, the demand for antimicrobial ingredients is expected to witness a considerable traction in the view of rising sales of skin care and hair care products.
Transparency Market Research has developed an exclusive forecast study and analysis report on the expansion of the global antimicrobial ingredients market for the assessment period, 2017-2026. To capture a global understanding, the report has quantified its market size forecasts in terms of volumes (tons). The report has used metrics such as absolute incremental opportunity, compound annual growth rate (CAGR), Year-on-Year (Y-o-Y) growth rate, and market share percentage to interpret the forecasted findings. The report has offered an overview of the cosmetics industry and also studied the role of antimicrobial ingredients in the production of cosmetics.
Global Antimicrobial Ingredients Market: Scope of the Report
This research report on the global antimicrobial ingredients market provides in-depth study on various techniques and materials used in the production of antimicrobial ingredients. From supply chain breakdown to cost structure analysis, the report has examined multiple aspects encompassing the production and end-use of antimicrobial ingredients. Latest trends in the cosmetics industry have been detailed in the report to gauge their impact on the production of antimicrobial ingredients. The study has observed the evolution of new and hybrid substances exhibiting high antimicrobial properties. Outcomes of recent scientific undertakings towards development of new antimicrobial ingredients have been studied. Moreover, factors influencing the market players to adopt synthetic sourcing of antimicrobial ingredients have also been analyzed in the report.
Inferences provided in the report are of great value for global antimicrobial ingredients market players. Each company partaking in the global production of antimicrobial ingredients can avail this report to assess insights on cost-effective production techniques, competitor analysis, and new avenues for applications. Changing landscapes of the cosmetics industry have been illustrated in the report, creating a roadmap of how antimicrobial ingredients secured their position in this rapidly-evolving industry. Market players can reform their strategies by assessing the market size forecast provided in the report. Lucrative marketplaces for antimicrobial ingredients have been revealed, which can influence the global expansion strategies of companies. Moreover, each antimicrobial ingredients producer has been profiled in detail in the study. With their current market standings revealed, the report has also exhibited the latest strategic developments of market players in an unbiased manner. The report serves as a credible business document that can help the players in the global antimicrobial ingredients market plan their next steps towards the direction of the market’s future.
Global Antimicrobial Ingredients Market: Taxonomy
Key sections in the report provide segmental analysis on the expansion of the global antimicrobial ingredients market. Several geographies and regions have been analyzed to forecast the expansion of antimicrobial ingredients market thoroughly. Government initiatives and regulatory policies have been studied to weigh the attractiveness potential of regions. Production techniques have been examined to render cost-effectiveness index. The global antimicrobial ingredients market has been primarily segmented on the basis of product-type, end-use, form and region. Additional information on country-specific market size forecast is also provided in the report. Cross-segmental analysis of the global antimicrobial ingredients market is also provided in distinct sections of the report.