The blue light protection ingredients market size is estimated to be valued at US$ 824.4 Million in 2023. The market is surging at a valuation of US$ 1.9 Billion by 2033 with a CAGR of 8.7% during the forecast period. Facial skincare continues to lead the demand for blue light protection ingredients market, accounting for 40% of total demand, according to a latest study by Future Market Insights (FMI).
The study also finds that demand for organic blue light protection products are growing briskly, creating space for new market entrants. The new study tracks blue light protection ingredients consumption in over 20 countries, analyzing key prevailing factors in high-growth markets.
Demand for blue light protection ingredients remained subdued for a long time, owing to low awareness and scant research. However, in the last five years, growing body of evidence has linked excessive smartphone usage to a number of health issues. According to a new research report published by Harvard University in July, 2020, blue light suppresses melatonin twice as long as the green light along causing skin damage. As the proliferation of electronics with screens and energy-efficient lighting is increasing the exposure to blue wavelengths, consumers are looking at appropriate solutions.
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Key Takeaways
- Global blue light protection ingredient market to grow at 8% CAGR through 2030
- Solid/semi-solid ingredient demand higher than liquid ingredients
- Demand for organic variant increased to 36% of total consumption in 2020
- Germany, UK, France, Italy, and US among epicenters of global demand
“The increase in usage of electronic gadgets starting from smart phones to laptops is resulting in higher exposure of our skin to the blue lights emitted from these devices. For instance, according to the National Statistics of the United States, ~88% of people in the U.S use PC/laptop, while ~75% people use smartphones and this rate is expected to rise further through 2030. This increasing adoption of electronic gadgets is anticipated to further expand the global blue-light protection ingredients market in the near future,” says an FMI analyst.
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Who is Winning?
The global blue-light protection ingredients market is getting stricter in terms of competition with the passing years. In order to leverage the new opportunities, the key market players are emphasizing on launching of more quality products.
For instance, BASF Group launched its new range of blue-light protection ingredients such as DN-Aura®, Neurobiox®, Phytosoothe®, and others which are inspired by plant defense strategies in the year 2019
RAHN AG launched its new extensive range of blue-light protection ingredients such as CELLIGENT®, MYRAMAZE®, and others in the year 2020
Key Segments Form Type
- Solid/Semi-Solid
- Liquid
Nature
- Organic
- Conventional
Application
- Facial Skincare
- Facial Creams and Moisturizer
- Serums
- Facial Gels/Oils
- Others
- Body Care Products
- Cosmetic Products
- Foundations
- Primers and Concealers
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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