Northbrook, IL -- (SBWIRE) -- 06/04/2018 -- The growth in the market is triggered by the growing population across the globe and the rising demand of consumers to look good. Rising concerns for aging skin and the need for an even skin-tone are also contributing towards the increase in use of cosmetic active ingredients.

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Conditioning agents segment accounts for the largest share of the active ingredients market for cosmetics

The active ingredients market for cosmetics is segmented based on functionality into conditioning agents, UV filters, anti-aging agents, and skin lightening agents. In 2015, the conditioning agents segment captured the largest share of the overall active ingredient market for cosmetics. The major factor for this large share is due to their wide applicability in both hair care and skin care applications. Increasing population and rising per capita spending on cosmetics in Asia-Pacific and Europe drive the market for this segment. However, the conditioning agents market in North America will register low growth due to the increasing government regulations in the region.

Growing demand from the skin care segment to boost the cosmetic active ingredients market

The major applications of active ingredients for cosmetics are skin care and hair care. The skin care segment is expected to register the highest CAGR during the forecast period. Cosmetic skin care products are widely in demand across the world due to common need of humans to look good. The need of a bright and glowing skin is a major thriving factor for the growing demand of beauty and skin care products. An increase in male-specific cosmetic products and growing population in the Asia-Pacific region is expected to boost the demand of skin care cosmetics products, thereby increasing the demand of active ingredients used in these products.

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Europe: The largest active ingredients market for cosmetics

The global active ingredients market for cosmetics is segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. Europe is the largest cosmetic active ingredients market, closely followed by Asia-Pacific. The largest market share of Europe can be attributed to factors such as high awareness among consumers to use beauty products to lighten the skin, wide-variety of cosmetic products availability, and presence of many international cosmetic products manufacturing brands.

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