Due to the rising use of smartphones and awareness about the harmful effects of blue light, the blue light protection ingredient market is expected to reach US$ 890.9 million in 2024. The market is predicted to develop at a CAGR of 8.6% during the forecast period and reach a valuation of US$ 2.02 billion by 2034.
Aspects that are anticipated to influence the demand for blue light protection ingredients
- The blue light protection ingredient market is witnessing growth driven by increasing consumer awareness about the harmful effects of blue light.
- There is a rising demand for skincare and cosmetic products that offer protection against blue light, further fueling the growth of this market.
- Advancements in ingredient technologies are also contributing to the expansion of the blue light protection ingredient market, enabling the development of more effective products.
- The widespread use of digital devices, particularly in emerging areas, presents untapped potential for the market.
- Partnerships between skincare brands and technology enterprises can lead to the creation of innovative product offerings that address the growing concerns related to blue light exposure.
- Collaborations between skincare brands and technology companies can leverage expertise from both industries to develop products that effectively protect against blue light while meeting consumer preferences and needs.
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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.
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.
- DSM Nutritional Products, LLC
- Clariant International Ltd
- RAHN AG
- BASF Group
- Croda International Plc
- Ashland Global Specialty Chemicals Inc.
- Kobo Products, Inc.
- Evonik Industries
- Lonza Group
- SkinCeuticals International
- Solara Suncare Inc.
- Skinbetter Science LLC
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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
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.
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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