What is the global market size of the Marine Based Skincare Ingredients Market?

Global Marine Based Skincare Ingredients Market size was valued at USD 575.64 billion in 2021 and is poised to grow from USD 613.63 billion in 2022 to USD 959.86 billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).

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

Q: Who are the key vendors in the Global Marine Based Skincare Ingredients Market?

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. '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)'

Report ID: SQMIG30L2145 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 77

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.

Marine Based Skincare Ingredients Market Report Snapshots

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FAQs

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).

The 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. 'Ashland 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 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.

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.

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.

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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

Marine Based Skincare Ingredients Market Dynamics

Marine Based Skincare Ingredients Market Report Snapshots

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What is the market size of Marine Based Skincare Ingredients Market?

Who are the key vendors in the Marine Based Skincare Ingredients Market?

What is the key driver of Marine Based Skincare Ingredients Market?

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Which region accounted for the largest share in Marine Based Skincare Ingredients Market?

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