Market Highlights:
Global Alpha Bisabolol Market is estimated to be valued at USD
27,048.4 Thousand by 2025, registering a CAGR of 4.60%.
The global market growth is mainly driven by the growing cosmetic
industry across the globe and regulations associated with synthetically derived
cosmetics. The growth of the cosmetics market is significantly attributed to
the limitless diversity of consumer aspirations, the introduction of new
products, and the increasing disposable income of the growing middle-class
population. Likewise, the growing popularity of natural cosmetics in developing
countries is estimated to offer significant growth opportunities for players
operating in the global market.
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However, the declining supply of Candeia oi,l due to the
regulations imposed by the Brazilian government and Forest Stewardship Council
to protect the Candeia tree species is expected to be the challenging factor
for the market players.
Also, the availability of substitutes to alpha-bisabolol might
affect market growth during the review period.
Segment Analysis
The global market has been segmented on the basis of purity,
application, and region. On the basis of purity, the global market has been
divided into > 95% and < 96%. The > 95% purity segment accounted for a
larger market share in 2018 and is expected to register a CAGR of 4.78% during
the review period. Of the various grades of high-purity alpha-bisabolol mentioned
above, 99% purity alpha-bisabolol is widely used. The demand for high-purity
alpha-bisabolol is increasing in the manufacturing of cosmetic products as it
exhibits excellent properties such as anti-irritant and anti-inflammatory. The
<95% segment mainly includes 93%, 87%, 85%, and >75% grades of purity.
These grades are less preferred as compared to high-purity grades of
alpha-bisabolol as high-purity alpha-bisabolol enhances the performance of the
end products.
Based on the application, the market has been segmented into
skincare, oral hygiene products, and others. The skincare segment accounted for
the largest market share in 2018. The skincare segment includes various skin
care products such as after-sun products, cleansers, whitening creams, anti-pigmented
spot products, dark spot remover essences, age-induced spot removers, baby
skincare products, and anti-aging products. Alpha-bisabolol is mainly used in
cosmetic formulations of sun care products and products used for sensitive
skin. The oral hygiene products segment accounted for around 12.6% share of the
global alpha-bisabolol market in 2018. The others were the second-largest
segment in 2018. The other segment is projected to register a CAGR of 4.38%
during the forecast period.
Regional Analysis
The Global Alpha Bisabolol Market, by region, has been segmented
into Asia-Pacific, North America, Europe, Latin America, and the Middle East
& Africa.
As per MRFR analysis, the market in Europe held the largest market
share of 36 % with a market value of USD 7,156.8 Thousand in 2018 and is
expected to register 4.66% CAGR during the review period. The market growth can
be attributed to the surge in demand for organic cosmetics & personal care
products coupled with increasing regulations overuse of cosmetics made using
chemical ingredients. The market in North America accounted for the
second-largest share in 2018 and is expected to register 4.49% CAGR during the
review period. The market in Asia-Pacific was valued at USD 4,194.7 thousand in
2018 and is expected to grow at 5.05% CAGR during the review period. The market
in Latin America and Middle East & Africa are expected to register a growth
rate of 4.03% and 3.73% respectively during the forecast period.
Market Players
Market Research Future (MRFR) recognizes BASF SE (Germany),
Beijing Brilliance Bio (China), Biocosmethic (France), Clariant (Switzerland),
MORRE-TEC Industries (US), Symrise (Germany), TRI-K Industries, Inc. (the US),
Atina Ativos Naturais Ltd (Brazil), Vantage Specialty Chemicals (US), Citroleo
Group (Brazil), and Sasol Performance Chemicals (South Africa) as the Key
Players in the Global Alpha Bisabolol Market.
Key Findings of the Study
·
The Global Alpha Bisabolol Market is
projected to reach over USD 27,048.4 Thousand by 2025 at a 4.6% CAGR during the
review period of 2019 to 2025.
·
Europe accounted for the largest
market share, with Germany being the major contributor to the growth of the
market, followed by France.
·
The skin care segment is projected to
register the highest CAGR during the review period.
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Full Report Details @ https://www.marketresearchfuture.com/reports/alpha-bisabolol-market-9415
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