Active Ingredients Market projected to grow to $6.2 billion by 2032

From GlobeNewswire: 2025-01-14 08:00:00

The Active Ingredients Market was valued at USD 3.9 billion in 2023, projected to reach USD 6.2 billion by 2032, growing at a CAGR of 5.4%. Growth is fueled by innovation and sustainability in pharmaceuticals, cosmetics, and agriculture, with key players like Evonik and Dhanuka Agritech driving strategic collaborations.

Plant-based active ingredients hold a 45% market share, driven by demand for sustainable products. Natural active ingredients, capturing 60% of the market, cater to consumers seeking chemical-free solutions. Cosmetics and personal care applications lead with a 50% market share, emphasizing beauty and wellness product demand.

North America dominated the market with a 35% share in 2023, driven by strong pharmaceutical and cosmetics industries. Asia-Pacific experienced the fastest growth at an 8% CAGR, led by demand in cosmetics and skincare. Companies like Unilever and L’Oréal are investing in R&D to meet local preferences, while India’s herbal cosmetics market is on the rise. Companies are increasing investments in R&D to meet the demand for clean and effective solutions, driving market growth. The Active Ingredients Market report includes key points like research methodology, market dynamics impact analysis, and regional analysis. SNS Insider offers market research and consulting services to provide clients with the knowledge needed to make informed decisions in a changing market landscape.



Read more at GlobeNewswire: Active Ingredients Market to Reach USD 6.2 Billion by 2032