According to a new report, published by KBV research, The Global Algae Skincare Products Market size is expected to reach $312.5 million by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,755.2 thousand units, experiencing a growth of 6.9% (2019-2022).
The Microalgae segment is anticipated to have a CAGR of 7.8% during (2023 - 2030). Microalgae are rich in bioactive compounds, including vitamins, minerals, amino acids, fatty acids, and antioxidants. These compounds provide a comprehensive array of nutrients contributing to skin health, making microalgae a valuable ingredient in skincare formulations. Microalgae contribute to the texture and feel of skincare products. They often have lightweight textures and are easily absorbed into the skin, making them suitable for various product formulations, including serums, creams, and masks. Microalgae, including blue-green algae, exhibit anti-inflammatory properties. Skincare products with microalgae can soothe and calm the skin, making them suitable for individuals with sensitive or irritated skin conditions.
The Brown Algae Segment is leading the Global Algae Skincare Products Market by Algae Type in 2022, thereby achieving a market value of $155.9 Million by 2030. Brown algae are known for their ability to help detoxify and purify the skin. Skincare products incorporating brown algae may assist in removing impurities, pollutants, and excess oil from the skin, contributing to a clearer and healthier complexion. Brown algae may contain natural exfoliating agents that help cell turnover and renewal. Exfoliation is essential for removing dead skin cells, promoting a smoother texture, and enhancing the skin's overall appearance. Brown algae contain bioactive compounds with anti-inflammatory properties, making them suitable for soothing irritated skin. Skincare products incorporating brown algae can benefit individuals with sensitive or inflamed skin conditions.
The Cleansers & Toners segment is experiencing a CAGR of 6.8% during (2023 - 2030). Algae enzymes, such as those derived from certain species like papain from papaya or bromelain from pineapple, provide gentle exfoliation. In cleansers, these enzymes help remove dead skin cells, unclog pores, and promote a smoother complexion without abrasive particles. Algae's natural ability to absorb toxins and impurities makes it valuable in cleansing products. Algae-based cleansers can help detoxify the skin by drawing out pollutants, excess oil, and environmental debris, leaving the skin refreshed and purified. Toners with algae extracts, known for their calming properties, can soothe the skin. This benefits individuals with sensitive or reactive skin, helping to reduce redness and inflammation.
Full Report: https://www.kbvresearch.com/algae-skincare-products-market/
The North America segment dominated the Global Algae Skincare Products Market by Region in 2022, thereby achieving a market value of $106.2 Million by 2030, growing at a CAGR of 6.3 % during the forecast period. The Europe region is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 7.8% during (2023 - 2030).
By Source (Volume, Thousand Units, USD Million, 2019-2030)
By Algae Type (Volume, Thousand Units, USD Million, 2019-2030)
By Type (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
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