During the forecast period, the Bidens Pilosa extract market is projected to solidify its position in the global market with a moderate Compound Annual Growth Rate (CAGR) of 12.8%.
With a projected revenue of US$ 37.41 billion in 2022, the global market is anticipated to exceed US$ 109.39 billion by the conclusion of 2032.
Organic products are in trend and likely to expand their spaces as people are taking an interest in organically extracted and natural products which increases the sales of Bidens Pilosa extract.
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Demand for Organic Skincare Pushing the Bidens Pilosa Extract Market Growth
- Rising consumer concern for skin health is driving demand for Bidens Pilosa extract.
- Increased focus on skincare product effectiveness leads to a surge in Bidens Pilosa extract sales.
- Indie and legacy brands are incorporating innovative ingredients like Bidens Pilosa extract to offer green formulations, meeting the demand from health-conscious consumers.
- Sales of Bidens Pilosa extract are expected to increase during the forecast period (2022-2032), driven by the growing adoption of anti-aging products and the global aging population.
- Demand for Bidens Pilosa extract is rising in correlation with the popularity of plant-based retinoids in over-the-counter skincare products.
- Significant investments by key players in research and development of natural products are poised to enhance the potential of the Bidens Pilosa extract market, further boosting demand in the near future.
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.
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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.
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.
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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Key Segments Profiled in the Bidens Pilosa Extract Industry Survey
By Application:
- Emulsion
- Gels
- Serum
- Oils
- Powder
By Source:
- Flowers
- Leaves
- Roots
- Seeds
By End Use:
- Pharmaceuticals Industry
- Food & Beverages Industry
- Personal Care Industry
- Retail
By Sales Channel:
- Direct
- Indirect
- Specialty Stores
- Exclusive Stores
- Departmental Stores
- Online Retailers
- Another Sales Channel
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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