The global upcycled cosmetic ingredients market size was valued at USD 243.30 million in 2023 and is expected to be worth USD 254.66 million in 2024. The market is projected to reach USD 400.12 million by 2032, recording a CAGR of 5.81% during the forecast period.
Upcycled food-grade ingredients encompass coffee grounds, fruit seed oils, fruit extracts, and other ingredients rich in natural bioactives and widely utilized in the manufacturing of cosmetic products. Manufacturers' continuous efforts to upcycle food-produced components have aided in the production of varied beauty products to meet specific skincare requirements.
The COVID-19 pandemic had a significant impact on the upcycled cosmetic ingredients market. The lockdowns and other restrictions led to delays in delivery and surged transportation costs of natural ingredients, posing challenges for the manufacturer conducting business operations. However, increased sustainable preferences of consumers toward beauty products made of recycled procedures have aided the repurposed beauty components market growth.
Fortune Business Insights™ displays this information in a report titled, “Upcycled Cosmetic Ingredients Market, 2024-2032."
Segmentation:
Skincare Segment Captured Major Share Due to Higher Spending in Development of Formulations of Repurposed Skincare Components
Based on application, the market is classified into skincare, haircare, color cosmetics, and others. The skincare segment captured a major upcycled cosmetic ingredients market share in 2023. Its growth is due to the increase in beauty manufacturers’ expenditures on developing formulations of repurposed skincare components to offer users the advantages of functional skincare.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Company Covered in the Upcycled Cosmetic Ingredients Market: