The Bidens Pilosa extract market is likely to strengthen its hold in the global market at a moderate CAGR of 12.8% during the forecast period.
The global market holds a forecasted revenue of US$ 37.41 billion in 2022 and is likely to surpass US$ 109.39 billion by the end of 2032.
The bidens Pilosa extract market is likely to rise due to an increase in the number of malaria patients, thereby boosting the overall demand for Bidens Pilosa extract from 2022 to 2032.
Organic products are in trend and likely to expand their spaces as people are taking interest in organically extracted and natural products which increases the sales of Bidens Pilosa extract.
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Bidens Pilosa Extract Market Outlook
In the era of the beauty industry, consumers are now shifting their focus from the basic beauty concept to a broader idea of skin health. This shift is due to the growing popularity of the healthy living trend among people, which consumers are now increasingly replicate it in their daily beauty routines. Additionally, the consumer is willing to spend more for better functionality, prestige look, and high-performance beauty products.
Thus, they are seeking for multifunctional claims formulated with anti-aging agents, antioxidants, lightening whitening agents, etc. Also, provide excellent skincare benefits as well as save time and money.
Therefore, companies in the cosmetic market are developing a series of products with innovative cosmetic ingredients such as bidens pilosa extract used as multiple ways on the skin.
Bidens pilosa is a flowering plant species found in various regions across the globe. Bidens pilosa extract is an easy-to-grow herb which is widely distributed worldwide. In some part of the world, bidens pilosa extract is used in the food whereas in other areas it is used for medical purposes.
In the personal care and cosmetic industry, bidens pilosa extract is used as humectants, skin conditioning agent, healing agents, anti-wrinkle agents, whitening agents, and for other purposes. Bidens pilosa extract also has an anti-acne effect similar to other retinol products, which help the skin appear more youthful and brighter.
Reasons for Covering Bidens Pilosa Extract Market Title
Consumers are now more concern about their skin health and demanding for natural skincare products for protection and various other purposes.
Therefore, consumers are paying more attention to the effectiveness of skincare products and inclining to use highly specialized skincare products attributed to the growth of the bidens pilosa extract market.
Also, indie and legacy brands are seeking for innovative ingredients to offer green formulations to meet the growing desire of health-consciousness consumers. Moreover, increasing adoption for anti-aging products among women and a rapidly growing aging population worldwide are some other factors fueling the growth of bidens pilosa extract market during the forecast period.
However, the high use of topical retinoids to treat skin problems and aging signs can induce local reactions is one such factor that may hamper the growth of the global bidens pilosa extract market. The increasing availability of plant-based retinoid such as bidens pilosa extract in over the counter skincare products.
Along with the significant investment by prominent players in research and development of natural products are predicted to create the substantial potential for bidens pilosa extract market in the near future.
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Global Bidens Pilosa Extract Market: Regional Outlook
Bidens pilosa extract market is anticipated to register significant growth across all the regions during the forecast period. The bidens pilosa extract market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.
North America is expected to be the leading markets in the global bidens pilosa extract market followed by Europe owing to the high demand for natural products, consumer awareness and high per capita spending on cosmetics. South Asia and East Asia bidens pilosa extract market are expected to account healthy CAGR during the forecast period.
This market growth is owing to the folkloric use of bidens pilosa extract for herbal medicine. MEA is likely to offer attractive opportunity in the global bidens pilosa extract market in the coming years attributed to the increasing use of herbal products in the region.
Global Bidens Pilosa Extract Market: Key Players
Some of the key players operating in the global bidens pilosa extract market are Chemyunion Company, Koei Kogyo Co., Ltd., Neora Colombia S.A.S., Bath Spa Skincare Company, Hunan Nutramax Inc., Xi’an DN Biology Co., Ltd., Xi’an Teng Yun Biotech Co., Ltd., Lisi (Xian) Bio-Tech Inc., Yangling Ciyuan Biotech Co., Ltd., and others.
Global Bidens Pilosa Extract Market: Key Developments
- In 2017, Chemyunion Company introduced a new plant-based anti-aging ingredient ‘Revinage’- bidens pilosa extract, an alternative to traditional retinoid to treat aging skin. This bidens pilosa extract is used for the treatment of many common skin diseases such as rosacea, psoriasis, hyperpigmentation as well as reduce wrinkles and sign of aging.
- In the bidens pilosa extract market, companies are also focused on various research and development activities to expand its existing product lines.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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