Report Code : A05279
Increase in the female population results in the upsurge in demand for the skin care products. The boom in the Asia cosmetic industry has garnered attention of the developing nations such as Japan and India, toward the importance of individual appearance. Advancements in the cosmetic manufacture technology and innovation of raw materials for skin care products are anticipated to offer numerous growth opportunities for the manufacturers.
According to Eswara Prasad
Manager, Material and Chemical at Allied Market Research
Asia-Pacific Microencapsulated ingredients Market Report by Ingredients and Application, published by Allied Market Research, forecasts that the Asia-Pacific Microencapsulated ingredients market was valued at $120.59 million in 2018 and is estimated to reach $193.36 million by 2026, growing at a CAGR of 6.0% from 2019 to 2026.
Microencapsulation technology enables compounds to encapsulate inside a microsphere/microcapsule. Microencapsulation is done through a chemical method known as interfacial cross-linking. In interfacial cross-linking process, the small bifunctional monomer comprising active hydrogen atoms are replaced by a bio sourced polymer, such as protein. The acid chloride reacts with the various functional groups of the protein during the reaction, leading to the formation of a membrane. The method is developed to restrain the use of toxic diamines for skin care applications.
Several different active ingredients such as pigments, vitamins, UV filters, skin lightening components, active ingredients, and essential oils are successfully encapsulated inside microcapsules developed from polymeric and non-polymeric materials including polyethylene glycols, cellulose, polylactides, and others. Microencapsulation in skin care products preserves the ingredients properties and enables the ingredients to release into the skin.
The Asia-Pacific microencapsulated ingredients market is segmented into ingredients, application, and country. Based on ingredients, the market is categorized into pigments, vitamins, UV filters, skin lightening components, active ingredients, essential oils, and antiaging components. The vitamins segment is further segmented into Vitamin C, Vitamin E, Vitamin F, and Vitamin A (Retinol). The UV filters segment is further divided into organic materials, and inorganic materials.
Based on application, the market is divided into color skin care, sunscreen lotions (UV protection), whitening and lightening creams, anti-wrinkle and antiaging creams and other skin care products. Based on country, the Asia-Pacific microencapsulated ingredients market is segmented into China, Thailand, Japan, South Korea, Australia and Philippines.
Key Findings of Asia-pacific Microencapsulated Ingredients Market:
The key players involved in the market includes Air Liquide, Ashland, Inc., BASF SE, Biogenics Inc, Chongqing Pellets Techniques, Croda, Givaudan SA, International Flavors & Fragrances Inc., Kobo Products, Inc., Korea Particle Technology, Lonza Group Limited, Salvona LLC, Sumitomo- Presperse Corporation, and Nouryon. Some of the local manufacturers includes Adinop Co., Ltd., Bega cheese limited, DURAE Corporation, Reed Pacific Specialty Chemicals, and Seiwa Kasei Co, Ltd.
To stay competitive, these market players are adopting different strategies such as product launch, partnership, merger, and acquisition. In an instance, SEPPIC, subsidiary of Air Liquide acquired Serdex, which offers botanical active ingredients for skincare. With this acquisition, SEPPIC enhanced its product portfolio related to the Asia-Pacific microencapsulated ingredients market. Lonza launched its new bioactive functional ingredient ScreenLight Block at In-skin care Latin America in August 2018. With this launch, Lonza aims to enhance its product portfolio.
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Asia-Pacific Microencapsulated Ingredients Market by Ingredients (Pigments, vitamins, UV filters, skin lightening components, active ingredients, essential oil and antiaging components), and Application (Color cosmetics, sunscreen lotions, whitening and lightening cream, anti-wrinkle and anti-aging cream and other skin care products): Asia-Pacific Opportunity Analysis and Industry Forecast, 2019-2026
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