The cosmetic industry is constantly looking for new and innovative ingredients that can offer effective solutions for various skin concerns. Among the many sources of natural ingredients, marine-based ones have gained increasing attention in recent years due to their unique characteristics and benefits. Marine-based ingredients are derived from aquatic organisms, such as algae, seaweed, fish, and crustaceans, that live in the sea. These ingredients contain a rich diversity of bioactive compounds, such as polysaccharides, amino acids, vitamins, minerals, antioxidants, and enzymes, that can modulate the skin’s microbiome, reduce inflammation, improve elasticity, and prevent signs of aging¹.
According to a report by Future Market Insights (FMI), the global marine active ingredient market size was valued at USD 575.64 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030². The report attributes this growth to several factors, such as:
– The increasing consumer demand for clean and green skincare products that are free from harmful chemicals and synthetic additives.
– The growing awareness about the benefits of marine-based ingredients for skin health and beauty.
– The rising popularity of natural and organic skincare products among millennials and Gen Z consumers.
– The innovation and development of new formulations that combine marine-based ingredients with other natural or synthetic ingredients to enhance their efficacy and performance.
– The emergence of new applications and markets for marine-based ingredients in cosmetics, such as anti-aging products, anti-pollution products, anti-inflammatory products, etc.
The report also segments the market by application (face care, body care, hair care), by ingredient type (algae based, seaweed based), by region (North America, Europe, Asia Pacific), by key players (L’Oréal S.A., Unilever PLC., Estée Lauder Companies Inc., Shiseido Company Limited., Amorepacific Corporation), etc. Some of the key players operating in the market are L’Oréal S.A., Unilever PLC., Estée Lauder Companies Inc., Shiseido Company Limited., Amorepacific Corporation².
However, despite the promising prospects of the market for marine-based ingredients in cosmetics, there are also some challenges and opportunities that need to be addressed. Some of these are:
– The sustainability and ethical issues related to the sourcing and harvesting of aquatic organisms. Some marine-based ingredients may be overexploited or endangered due to high demand or illegal fishing practices. Therefore, there is a need for responsible sourcing of ingredients that ensure environmental protection and social welfare¹.
– The quality control and standardization issues related to the extraction and purification of bioactive compounds from aquatic organisms. Some marine-based ingredients may have low bioavailability or stability due to complex matrices or degradation processes. Therefore, there is a need for efficient extraction methods that preserve the potency and functionality of these compounds¹.
– The regulatory compliance issues related to the safety evaluation and approval of marine-based ingredients in cosmetics. Some marine-based ingredients may have potential adverse effects or interactions with other ingredients or consumers due to unknown mechanisms or interactions. Therefore, there is a need for rigorous testing methods that ensure compliance with relevant laws and regulations¹.
Despite these challenges and opportunities,
the market for marine-based ingredients in cosmetics offers a great potential for innovation
and differentiation in terms of product development,
formulation,
and marketing strategies.
Marine-based ingredients can offer unique benefits
that cannot be replicated by other sources
of natural or synthetic ingredients.
They can also create novel experiences
for consumers
that enhance their satisfaction
and loyalty.
Therefore,
the market for marine-based ingredients in cosmetics
is expected to grow significantly
in the coming years
and contribute positively
to the overall performance
and competitiveness
of the cosmetic industry.
References:
¹: [Marine Natural Products as Innovative Cosmetic Ingredients](^2^)
²: [Marine Active Ingredients Market Trends & Forecast 2033 | FMI](^3^)
Source: Conversation with Bing, 09/12/2023
(1) Global Marine Based Skincare Ingredients Market Size, Share, Growth …. https://www.skyquestt.com/report/marine-based-skincare-ingredients-market.
(2) Marine Natural Products as Innovative Cosmetic Ingredients. https://www.mdpi.com/1660-3397/21/3/170.
(3) Marine Natural Products as Innovative Cosmetic Ingredients. https://www.mdpi.com/1660-3397/21/3/170.
(4) Marine Active Ingredients Market Trends & Forecast 2033 | FMI. https://www.futuremarketinsights.com/reports/marine-active-ingredients-market.
(5) Marine Drugs | Free Full-Text | Potential Cosmetic Active Ingredients …. https://www.mdpi.com/1660-3397/20/12/734.
(6) undefined. https://doi.org/10.3390/md21030170.
editor
9 December 2023