Nanotechnology in Cosmetics Global Market Report 2024

The nanotechnology in cosmetics market size has grown rapidly in recent years. It will grow from $7.2 billion in 2023 to $8.36 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth during the historic period can be attributed to several factors, growing consumer interest in advanced skincare solutions, increasing efficacy of ingredients, rising regulatory approvals and standards, growing brand differentiation, and a growing emphasis on sustainability.

The nanotechnology in cosmetics market size is expected to see rapid growth in the next few years. It will grow to $15.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to several factors, increased research and development of innovative nanotechnology-based cosmetic products, rising consumer awareness about the benefits of nanotechnology in cosmetics, growing investments in nanotechnology research and development, and sustainability initiatives. Major trends in the forecast period include the development of customizable nanotechnology-based cosmetics using clean and natural ingredients, advanced anti-aging skincare products, eco-friendly packaging solutions for nanotechnology cosmetics, and the use of ethically sourced ingredients.

The increasing demand for green and ethical beauty products is expected to drive the growth of nanotechnology in the cosmetics market in the future. Green and ethical beauty products are characterized by their use of natural, often organic, ingredients and their emphasis on sustainability and cruelty-free practices. This demand is driven by eco-conscious consumers seeking products with natural ingredients and cruelty-free production processes. Nanotechnology plays a crucial role in revolutionizing formulations in green and ethical beauty by enabling the creation of high-performance products with potentially fewer ingredients or more sustainable options. For example, The Soil Association's Organic Beauty and Wellbeing Market Report in March 2024 highlighted a remarkable 65% growth in organic mother and baby care and a solid 6% growth in organic health and personal care within the UK. The overall organic beauty and wellbeing market in the UK reached £147.6 million ($191.88 million) in 2022, compared to £138.2 million ($186.57 million) in 2021. This growth underscores the increasing demand for green and ethical beauty products driving nanotechnology adoption in the cosmetics market.

Key players in nanotechnology in the cosmetics market are focusing on developing cosmetic formulations that incorporate advanced technologies such as green nanotechnology to improve product efficacy and sustainability. Green nanotechnology enhances the effectiveness and penetration of active ingredients into the skin, offering improved skincare benefits and a luxurious experience for consumers. For instance, Nano Au Veda, an India-based health and wellbeing cosmetic company, introduced Au Glow in December 2021, a nano-gold serum leveraging cutting-edge green nanotechnology. This innovative serum combines Kakadu plum-derived vitamin C with nano-gold particles for enhanced efficacy and penetration, meeting the demands of discerning consumers seeking premium skincare solutions.

In April 2023, Givaudan S.A., a Switzerland-based manufacturer of fragrance and beauty products, acquired a cosmetic ingredients portfolio from Amyris Inc. for an undisclosed amount. This strategic acquisition strengthens Givaudan's expansion initiatives in the personal care and cosmetics industry, positioning the company for long-term growth and market leadership. Amyris Inc. is a US-based biotechnology company specializing in performance and nanomaterials for the cosmetic and personal care industry.

Major companies operating in the nanotechnology in cosmetics market are Christian Dior SE, Procter And Gamble Co., Guerlain (LVMH), L'Oréal S.A., Colgate-Palmolive Company, Esteé Lauder Companies Inc., Chanel SA, Kao Corporation, Beiersdorf AG, Shiseido Company Limited, Coty Inc., Natura And Co., Neutrogena Corporation, AmorePacific Corporation, Avon Products Inc., Mary Kay Inc., Clarins Group, Nu Skin Enterprises Inc., Revlon Inc., Elizabeth Arden Inc., Origins Natural Resources Inc., Oriflame Cosmetics AG, Murad Inc., La Prairie Group AG, Innisfree Corporation.

Europe was the largest region in the nanotechnology in cosmetics market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the nanotechnology in cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nanotechnology in cosmetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Nanotechnology in cosmetics refers to the utilization of nanoscale materials and techniques to enhance the formulation and efficacy of cosmetic products. This involves integrating nanoparticles to improve the delivery, stability, and absorption of active ingredients, thereby boosting the overall performance and benefits of these products.

The primary product categories in nanotechnology in cosmetics include hair care, skin care, makeup, sexual well-being, and others. Nanotechnology in hair care encompasses the use of nano-sized particles to improve the delivery of active ingredients to the hair and scalp, leading to enhanced hydration, protection against environmental damage, and improved styling effects. Various nanomaterials such as liposomes, nanoemulsions, nanocapsules, solid lipid nanoparticles, nanosilver, and nanogold are employed in these products, which are distributed through channels such as supermarkets or hypermarkets, convenience stores, specialty stores, and online retail platforms.

The nanotechnology in cosmetics market research report is one of a series of new reports that provides nanotechnology in cosmetics market statistics, including nanotechnology in cosmetics industry global market size, regional shares, competitors with an nanotechnology in cosmetics market share, detailed nanotechnology in cosmetics market segments, market trends and opportunities, and any further data you may need to thrive in the nanotechnology in cosmetics industry. This nanotechnology in cosmetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nanotechnology in cosmetics market consists of revenues earned by entities by providing services such as the development and manufacturing of nano-enhanced cosmetic products, research and development of nanomaterials, formulation and testing of nanoparticles for cosmetic applications, and regulatory consulting for compliance with safety standards to improve product efficacy, stability, and consumer appeal. The market value includes the value of related goods sold by the service provider or included within the service offering. The nanotechnology in cosmetics market also includes the sales of fragrances, anti-aging products and sunscreen. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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