Glycine Soja (Soybean) Seed Extract Market is Estimated to Grow at a 6.60% CAGR by 2033 | FMI

According to estimates, the glycine soja (soybean) seed extract market is estimated to be valued at US$ 2,253.30 million in 2023. The market is expected to reach US$ 4,269.60 million by 2033, developing at a CAGR of 6.60%.

Anti-ageing skin care products are gaining popularity among consumers day by day owing to increasing awareness about the personal grooming as well as the fear of looking old. Glycine soja (soybean) seed extract is used in the skin care and anti-ageing creams which enables the creams to get the property of anti-ageing.

Origin of glycine soja (soybean) seed extract is from East Asia and which is obtained from the beans of the wild soybean plant. Glycine soja (soybean) seed extract is a powerful antioxidant and anti-inflammatory agent for the skin. Glycine soja (soybean) seed extract has vitamin E, allowing it to protect the skin from free radial damage and reduce the effects associated with the aging process such as wrinkles and fine lines.

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Consumers and mainly females are very much concerned about their looks when it comes to fine lines and wrinkles on their skin and face which is one of the driving factor of demand of this ingredient in cosmetic and skin care products. Glycine soja (soybean) seed extract is also capable of reducing cellular damage caused by ultraviolet rays of the sun.

Glycine soja (soybean) seed extract is rich with many natural chemical components which is used as ingredient for skin care products and, one of which is known as Genistein. Genistein promotes a more youthful appearance. Anti-ageing products by men and women are in demand and ingredient extracted from soybean is very much popular for anti-ageing product manufacturing from last decade.

Glycine Soja (Soybean) Seed Extract Market: Market Dynamics

Glycine soja (soybean) seed extract act as an emollient and bulking agent in the skin care product which works as a moisturizing ingredients and usage of such ingredient is very important in cosmetics like lipsticks, lip balms, cream and lotions owing to which demand for glycine soja (soybean) seed extract is very high in the market. Glycine soja (soybean) seed extract ingredient is also used as a conditioning agent in hair and skin products as well as a moisturizer and solvent in some products.

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Natural and organic personal care products are demanded by the consumer and due to which natural ingredients such as glycine soja (soybean) seed extract are gaining popularity in manufacturing of personal care products. Glycine soja (soybean) seed act as an emollient and active ingredient for many skin care, hair care and body care products in beauty and personal care products.

Restraint for the growth of glycine soja (soybean) seed extract can be other synthetic ingredients that can be used for the same purpose include synthetic waxes, silicones, petroleum waxes, and other modified oils and butters, at the same time synthetic alternatives do not meet the expectations of natural and organic product conscious consumer.