NEWARK, DE / ACCESSWIRE / June 12, 2023 / The personal care and cosmetics microalgae market is expected to reach US$ 61 million by 2023. The personal care and cosmetics microalgae industry is estimated to reach US$ 107.0 million by 2033, rising at a CAGR of 6% between 2023 and 2033.
The personal care and cosmetics business has seen an increase in interest in natural and sustainable chemicals, and microalgae have emerged as a promising source of bioactive substances. The microalgae market in personal care and cosmetics is predicted to increase significantly in the next years.
The rise of the microalgae market in personal care and cosmetics is being driven by the rising customer desire for natural and sustainable goods as well as the growing awareness of the environmental impact of conventional cosmetic components.
Download a sample to obtain additional highlights and key points on various market segments and their impact in the coming years @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13679
Personal care and cosmetics microalgae manufacturers are making investments in research and development to investigate novel microalgae strains and enhance growing practices, ensuring a scalable and sustainable supply chain. As the industry recognizes the promise of these adaptable microorganisms, the personal care and cosmetics microalgae market is positioned for significant growth.
Nature’s Elixir: Microalgae and the Rise of Eco-Friendly Cosmetics
The personal care and cosmetics business has uncovered a sustainable gem in its pursuit of eco-friendly practices: microalgae. Microalgae are a renewable resource with a low environmental imprint than petroleum or animal-derived substances due to their quick development and adaptation to varied settings. As consumer knowledge of sustainability grows, so does the demand for natural and sustainable cosmetic products.
Beauty firms are embracing a green approach, delivering new and eco-friendly products that not only enhance beauty but also preserve our world, by harnessing the power of microalgae.
From Pond to Perfection: Microalgae’s Miraculous Anti-Aging Discovery
Microalgae, a natural wonder, hold the key to young skin. These small creatures are rich in antioxidants, peptides, and fatty acids, and provide a plentiful source of anti-ageing bioactive substances. The ageing process of the skin can be gently resisted by integrating microalgae into skincare formulas such as creams, serums, and masks.
Wrinkles fade, suppleness is restored, and a beautiful, youthful glow emerges, allowing people to experience the eternal beauty that microalgae unleash.
The Glow Game’s Pioneer in North America
The personal care and cosmetics microalgae market favors North America as a leading competitor. Customers in the area are accepting eco-friendly substitutes thanks to a strong focus on sustainable beauty. North America is leading the way in microalgae-based cosmetic products thanks to the availability of state-of-the-art research facilities and a rising desire for natural ingredients.
Utilizing Ancient Wisdom in the Asia Pacific
The custom of employing natural products in beauty routines is one that Asia-Pacific cherishes. Exploring the potential of microalgae is made possible by the area’s extensive knowledge of traditional medicine and herbal medicines.
The demand for microalgae-infused cosmetics is increasing in Asia-Pacific due to rising disposable incomes, an emphasis on maintaining young, and a growing awareness of environmental practices.
For More Information On This Report, Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-13679
From 2023 to 2033, the United States may gain a 32% market share in the global personal care and cosmetics microalgae market.
Germany may control 10% of the global personal care and cosmetics microalgae industry from 2023 to 2033.
Between 2023 and 2033, Japan may increase its share of the personal care and cosmetics microalgae industry to 0.8%.
Australia to hold a 0.5% share of the personal care and cosmetics microalgae market from 2023 to 2033.
The Spirulina segment of the Species Type category is predicted to have a market share of 21.4% by 2033.
The skin care sector wants to attain a substantial market share of 21.4% in the end-use category between 2023 and 2033.
The marine water sector wants to attain a substantial market share of 45% in the source category between 2023 and 2033.
During the forecast period, China’s personal care and cosmetics microalgae business to expand at a CAGR of 6.7%.
From 2023 to 2033, the United Kingdom’s personal care and cosmetics microalgae industry is estimated to register a 10.3% CAGR.
India’s personal care and cosmetics microalgae market to record a CAGR of 4.5% through 2033.
As businesses become aware of the advantages of microalgae-derived components and the need for natural and sustainable products, the personal care and cosmetics microalgae market has grown competitive.
Microalgae extracts are included by both established and new cosmetic companies in their product lines to create cutting-edge formulations. To guarantee a steady supply of high-quality microalgae extracts, specialized biotechnology companies with a focus on microalgae cultivation and extraction have arisen.
DSM Successfully Acquires Prodap, Increasing Portfolio of Animal Nutrition
DSM, a large, science-based firm with a global presence, has successfully acquired Prodap. This strategic acquisition expands DSM’s portfolio of animal nutrition products and demonstrates the company’s dedication to developing cutting-edge solutions for the changing demands of the market.
DIC Global and Cyanotech Corporation Announce a Strategic Partnership
Leading international corporation DIC Global has announced a strategic partnership with Cyanotech Corporation to promote innovation and enhance market presence. Both organizations might be well-positioned for future success in their respective industries thanks to this partnership’s enormous potential for growth and synergy.
Key Players Operating in the Market
Koninkliijke DSM NV
Fuji Chemical Industries Co., Ltd.
BGG (Beijing Gingko Group)
Sinoway Industrial Co., ltd.
INNOBIO Corporation Limited
Yunnan Alphy Biotech Co., Ltd
Algaecan Biotech Ltd.
Igene Biotechnology, Inc.
Fenchem Biotek Ltd.
Kunming Biogenic Co., Ltd.
Expand operations in the future To get the requisite details, ask for a custom report @ https://www.futuremarketinsights.com/customization-available/rep-gb-13679
By Species Type:
By End Use Application:
Skin Whitening Creams
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
184.108.40.206. Mid-Level Participants (Traders/ Agents/ Brokers)
220.127.116.11. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
TO Continue TOC… https://www.futuremarketinsights.com/toc/rep-gb-13679
Have a Look at Trending Reports of Food and Beverage Domain
Cane Molasses Market: The cane molasses market is expected to grow at a 4.5% CAGR between 2023 and 2033. The market is predicted to reach a value of US$ 3.4 billion in 2023, with a market share of US$ 5.3 billion by 2033.
Bulk Food Ingredients Market: The bulk food ingredients market is estimated to capture a valuation of US$ 736.90 billion in 2023 and is projected to reach US$ 1,071.8 billion by 2033. The market is estimated to secure a CAGR of 3.9% during the forecast period.
Asia Pacific Tomato Seed Oil Market: In 2023, the Asia Pacific tomato seed oil market recorded a valuation of US$ 62 million, with a projected steady growth rate of 7% between 2023 and 2033. By 2033, the market is expected to reach a remarkable value of US$ 124.6 million.
Food Certification Market: The food certification market size is projected to be valued at US$ 10,313 million in 2023 and is expected to rise to US$ 28,185.9 million by 2033. The sales of food certification are projected to expand at a significant CAGR of 11.00% during the forecast period.
Crude Sulfate Turpentine Market: By 2023 the crude sulfate turpentine market may be worth US$ 563 million. The crude sulfate turpentine market value is anticipated to increase at a CAGR of 5.0% from 2023 to 2033, reaching US$ 947.8 million.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: [email protected]
SOURCE: Future Market Insights, Inc.
View source version on accesswire.com: