Bio-Based Cosmetics: Future of Personal Care Ingredients Industry

Beauty is often connected to a clean and attractive fa?ade. However, believe it or not, the beauty products segment is one of the biggest contributors to plastic pollution on the planet. Most beauty products can take several years to get decomposed, pollute the oceans, and can also create health issues across species.

This is one of the biggest reasons that today, consumers are inclining toward eco-friendly personal care ingredients. However, there are several other factors that are contributing to the emerging bio-based cosmetics and personal care ingredients market.

In this article, we’ll discuss what the future holds for the green cosmetics industry and how this emerging technology is going to disrupt the entire personal care ingredients market.?

What are Bio-Based Cosmetics and Personal Care Ingredients?

Basically, these are ingredients that are collected from the organism like yeast, bacteria, or algae. These ingredients consist of essential oils, oleoresin, and several different plant extracts that are collected with the help of different technologies like compression, solvent extraction, and steam distillation.?

The demand for natural and bio-based cosmetics products derived from the extracts of the plant has resulted in the sudden growth of the?bio-based cosmetics and personal care ingredients market.?The key factor for the growth of such a green cosmetics market is the increase due to the harmful results of using chemical beauty products.?

It has resulted in cosmetic companies constantly adopting bio-derived ingredients for beauty products. Also, bio-based ingredients help in decreasing the quantity of carbon dioxide present in the atmosphere and can be a perfect sustainable alternative for petroleum-based beauty products.?

Benefits of Bio-based Cosmetics

As the name clearly suggests, cosmetic products made from bio-based personal care ingredients are completely natural and safe for use. Here are some of the main benefits associated with the use of bio-based cosmetics:

·??????They do not have any types of artificial stabilizers or aggressive chemicals that can harm the skin layer.

·??????Additionally, such green cosmetics are environment friendly since they are created using organic or natural substances and not tested on any animals.?

·??????They are not created using any chemical that can get absorbed via the bloodstream and cause harm to an individual’s health.?

·??????Bio-based cosmetics are completely safe for people with sensitive skins and do not cause any allergies or infections.

·??????The bio-based cosmetics are free from alcohol and petroleum. These ingredients are highly harmful to the skin and can cause several negative effects like wrinkles.

Difference Between Bio-Based Cosmetics and Ecological Cosmetics

In the market, there can be found many products related to bio-based cosmetics and ecological cosmetics. The main difference between the two types of products is the use and quantity of natural ingredients used. The bio-based cosmetics use nearly 95% of natural products; meanwhile, there are no set standards for the use of natural products in ecological cosmetics.

The key characteristic of the production of organic cosmetics is environment friendly. Similar standards are needed to be followed in bio-based cosmetics.

An interesting (yet, pretty important) feature often seen for bio-based cosmetics is that much attention is given to the quality of the product packaging, which is also done using eco-friendly materials.?

Bio-Based Cosmetics and Personal Care Ingredients Market Overview

The global bio-based cosmetics and personal care ingredients market size was $4.6 billion in 2021. As per a market report by BIS Research, it is expected to reach $8.12 billion by 2031, with a CAGR of 5.67% during the forecast period of 2021-2031.

In the global bio-based cosmetics and personal care ingredients market, the sun and skincare segment is supposed to dominate the market throughout the forecast period of 2021-2031. The adoption of skin and sun care products is growing due to the increasing demand for clean beauty products and increasing awareness among consumers related to skin health.?

Market Insights as per Region

Currently, North America is generating the highest revenue in the global bio-based cosmetics and personal care ingredients market. Europe and North America have held the main share of the market.?

Europe is the second biggest market globally due to the increasing diseases caused by pollution, such as skin aging, skin cancer, discoloration, and roughness. This is pushing consumers toward the adoption of bio-derived beauty products for skin protection; and more.

On the other hand, in terms of the fastest-developing region, Asia-Pacific is leading the pack.

Are Green Cosmetics the Future?

Consumers have realized the harmful effects of chemical-based cosmetics products on the skin and on the environment. Due to such increasing effects, there has been a dramatic shift in the choice of cosmetic products that consumers like to associate with.?

Despite some challenges, such as high prices, faced by the bio-based personal care ingredients industry, it has been seeing exponential growth over the last few years.

The simple reason behind this is zero harm in using green cosmetics compared to chemical cosmetics.

That is why more companies are now breaking the hesitance of stepping into this market.

Conclusion

To sum it all up, the demand for bio-based cosmetics in the coming few years is going to grow at a much higher pace. Several opportunities can boost the growth of the bio-based cosmetics and personal care ingredients market, like the increasing demand for natural ingredients in cosmetics products.?

Interested to know which new technology is emerging in your industry vertical? Get the latest market insights and studies from BIS Research. Connect with us at [email protected] to learn more.?