USD 613.63 million
Marine Based Skincare Ingredients Market Size, Share, Growth Analysis, By Application(Face Care, Skin Care, Hair Care), By Ingredient Type(Algae Based, Sea wood Based, Fish Based), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2145 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
63
|Figures:
77
Marine Based Skincare Ingredients Market Insights
Global Marine Based Skincare Ingredients Market size was valued at USD 613.63 million in 2022 and is poised to grow from USD 654.13 million in 2023 to USD 1090.74 million by 2031, growing at a CAGR of 6.60% during the forecast period (2024-2031).
These marine-based skincare ingredients are gaining popularity in the cosmetics and skincare industry due to their numerous benefits for the skin. The purpose of the market is to provide skincare products that harness the unique properties of marine-based ingredients to offer effective solutions for various skin concerns. These ingredients are known for their potent antioxidant, anti-inflammatory, moisturizing, and anti-aging properties, which can help improve the overall health and appearance of the skin. The market presents significant opportunities for skincare manufacturers and cosmetic companies to develop innovative skincare products that cater to the growing demand for natural and sustainable skincare solutions. Marine-based skincare ingredients offer a plethora of opportunities for product differentiation, formulation innovation, and marketing strategies that leverage the unique properties of these ingredients. The increasing consumer demand for clean and green skincare products, coupled with growing awareness about the benefits of marine-based ingredients, presents a compelling market opportunity.
US Marine Based Skincare Ingredients Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Face Care
Fastest Growth
Face Care
Growth Rate
6.60% CAGR
Global Marine Based Skincare Ingredients Market ($ Bn)
Country Share for North America Region (%)
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Marine Based Skincare Ingredients Market Segmental Analysis
Global Marine Based Skincare Ingredients Market is segmented on the basis of application, ingredients type and region. By application, the market is segmented into face care, body care, and hair care. By ingredients type, the market is segmented into algae based, seawood based, fish based. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Marine Based Skincare Ingredients Market Analysis by Ingredients Type
The Algae Based segment contributed to the largest share of the global Marine Based Skincare Ingredients market revenue in 2021 and is expected to expand USD 299.04 million at a CAGR of 6.8%. Algae-derived skincare ingredients are gaining traction due to their high nutrient content, including vitamins, minerals, and antioxidants, which are known to nourish and rejuvenate the skin.
The Seawood Based segment is expected to expand at the fastest growth rate of 6.1%. Seaweed-derived skincare ingredients are known for their moisturizing, anti-inflammatory, and anti-aging properties, making them ideal for skincare products targeting hydration, soothing, and rejuvenation.
Global Marine Based Skincare Ingredients Market Analysis by Application
The Face Care Based segment accounted for the biggest revenue share of the global market for marine-based skincare ingredients in 2021 and is projected to grow by USD 424.80 million at a compound annual growth rate of 6.2%. Marine-based skincare ingredients are used in various face care products, including cleansers, toners, serums, moisturizers, and masks, targeting different skin concerns such as hydration, anti-aging, and brightening.
The Body Care market is anticipated to grow at a 5.5% annual pace, which is the fastest. Marine-based ingredients are also used in body care products such as body lotions, body scrubs, and body washes, providing nourishment, hydration, and rejuvenation to the skin.
Global Marine Based Skincare Ingredients Market By Applicaation
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Marine Based Skincare Ingredients Market Regional Insights
With over 6.5% of the worldwide market for marine-based skincare ingredients in 2021, North America contributed the most. North America is a dominant market for marine-based skincare ingredients, driven by the increasing consumer demand for natural and sustainable skincare products, along with a high level of awareness about the benefits of marine-based ingredients.
With a CAGR of 8.3% predicted, Asia Pacific is the region with the fastest-growing nuts market. The Asia Pacific region is expected to witness the fastest growth in the marine-based skincare ingredients market, fueled by the growing awareness about marine-based ingredients, rising disposable incomes, and changing consumer preferences towards natural and effective skincare solutions.
Global Marine Based Skincare Ingredients Market By Region
- Largest
- Fastest
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Marine Based Skincare Ingredients Market Dynamics
Global Marine Based Skincare Ingredients Market Drivers
Rising Popularity Of Marine-Based Skincare Rituals To Bring New Opportunities For Players
- Marine-based skincare rituals, inspired by traditional practices from coastal regions, are gaining popularity among consumers seeking unique and effective skincare solutions, which is driving the demand for marine-based skincare ingredients.
- Marine-based skincare ingredients are known for their numerous benefits, such as hydration, anti-aging, soothing, and rejuvenation, which are driving their demand in the skincare industry.
Global Marine Based Skincare Ingredients Market Restraints
Environmental Concerns And Sustainability Challenges To Hinder Market Growth
- Overfishing, pollution, and environmental degradation of marine habitats pose challenges to the sustainability of marine-based skincare ingredient sourcing, which may impact the availability and quality of marine-based skincare ingredients in the long term.
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Marine Based Skincare Ingredients Market Competitive Landscape
The global marine-based skincare ingredients market is competitive, with several players operating in the market. The competitive landscape is characterized by intense competition, with players vying for market share through product innovation, strategic partnerships, acquisitions, and expansion into new markets.
Top Player’s Company Profiles in Global Marine Based Skincare Ingredients Market
- Ashland Global Holdings Inc. (United States)
- BASF SE (Germany)
- Croda International Plc (United Kingdom)
- Seppic (France)
- Lonza Group Ltd. (Switzerland)
- Givaudan S.A. (Switzerland)
- Lipotec SAU (Spain)
- Algues & Mer (France)
- Codif Technologie Naturelle (France)
- BioMarine Ingredients Ireland Ltd. (Ireland)
- Marinova Pty Ltd. (Australia)
- Vytrus Biotech (Spain)
- BiotechMarine (France)
- Laboratoires Expanscience (France)
- Barentz Group (Netherlands)
- Nourison (Netherlands)
- Sea Run Holdings Inc. (Canada)
- OceanBASIS GmbH (Germany)
- The Seaweed Company (Netherlands)
- Lipoid Kosmetik AG (Switzerland)
- Eviagenics (Norway)
- Marine Bio-Ingredients (Canada)
Marine Based Skincare Ingredients Market Recent Developments
- In November 2021, a skincare ingredient supplier announced the launch of a new marine-based ingredient derived from deep-sea algae, touted for its potential in reducing inflammation and soothing sensitive skin.
- In August 2021, a major cosmetic brand unveiled a partnership with a marine research institute to develop sustainable sourcing and extraction methods for marine-based skincare ingredients, aiming to promote responsible sourcing and conservation of marine resources.
- In May 2021, a marine biotechnology company announced a breakthrough in their research on marine microorganisms, discovering novel skincare ingredients with potent antioxidant properties that can protect against environmental damage.
- In February 2021, a leading skincare company announced a new product line incorporating marine-derived ingredients, including seaweed extracts and marine collagen, to address hydration and anti-aging concerns.
Marine Based Skincare Ingredients Key Market Trends
- Skincare companies are investing in research and development to create innovative formulations of marine-based skincare ingredients that offer enhanced efficacy, stability, and sensory attributes for improved skincare product performance.
Marine Based Skincare Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global marine-based skincare ingredients market is a competitive and dynamic industry with players from various countries. The market is driven by increasing consumer demand for natural and sustainable skincare products, with marine-based ingredients gaining popularity for their potential skincare benefits. Companies are also focusing on marketing and promotional activities to create brand awareness and reach a wider customer base through digital marketing strategies and eco-friendly packaging. New entrants are challenging established players, intensifying the competition in the market. The global marine-based skincare ingredients market is expected to continue growing, driven by consumer preferences for natural, sustainable, and effective skincare products, and the constant efforts of companies to innovate and cater to changing market demands.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 613.63 million |
| Market size value in 2031 | USD 1090.74 million |
| Growth Rate | 6.60% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Marine Based Skincare Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Marine Based Skincare Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Marine Based Skincare Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Marine Based Skincare Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Marine Based Skincare Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Marine Based Skincare Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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