Segment Analysis
The global market has been
segmented on the basis of purity, application, and region. On the basis of
purity, the global market has been divided into > 95% and < 96%. The >
95% purity segment accounted for a larger market share in 2018 and is expected
to register a CAGR of 4.78% during the review period. Of the various grades of
high-purity alpha-bisabolol mentioned above, 99% purity alpha-bisabolol is
widely used. The demand for high-purity alpha-bisabolol is increasing in
the manufacturing of cosmetic products as it exhibits excellent properties such
as anti-irritant and anti-inflammatory. The <95% segment mainly
includes 93%, 87%, 85%, and >75% grades of purity. These grades are less
preferred as compared to high-purity grades of alpha-bisabolol as high-purity
alpha-bisabolol enhances the performance of the end products.
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Based on the application, the
market has been segmented into skincare, oral hygiene products, and others. The
skincare segment accounted for the largest market share in 2018. The
skincare segment includes various skin care products such as after-sun
products, cleansers, whitening creams, anti-pigmented spot products, dark spot
remover essences, age-induced spot removers, baby skincare products, and
anti-aging products. Alpha-bisabolol is mainly used in cosmetic formulations of
sun care products and products used for sensitive skin. The oral hygiene
products segment accounted for around 12.6% share of the global alpha-bisabolol
market in 2018. The others were the second-largest segment in 2018. The other
segment is projected to register a CAGR of 4.38% during the forecast period.
Market Highlights
Global Alpha Bisabolol Market is
estimated to be valued at USD 27,048.4 Thousand by 2025, registering
a CAGR of 4.60%.
The global market growth is
mainly driven by the growing cosmetic industry across the globe and regulations
associated with synthetically derived cosmetics. The growth of the cosmetics
market is significantly attributed to the limitless diversity of consumer
aspirations, the introduction of new products, and the increasing disposable
income of the growing middle-class population. Likewise, the growing popularity
of natural cosmetics in developing countries is estimated to offer significant
growth opportunities for players operating in the global market.
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However, the declining supply of
Candeia oi,l due to the regulations imposed by the Brazilian government and
Forest Stewardship Council to protect the Candeia tree species is expected to
be the challenging factor for the market players.
Also, the availability of
substitutes to alpha-bisabolol might affect market growth during the review
period.
Regional Analysis
The Global Alpha
Bisabolol Market, by region, has been segmented into Asia-Pacific,
North America, Europe, Latin America, and the Middle East & Africa.
As per MRFR analysis, the market
in Europe held the largest market share of 36 % with a market value of USD
7,156.8 Thousand in 2018 and is expected to register 4.66% CAGR during the
review period. The market growth can be attributed to the surge in demand for
organic cosmetics & personal care products coupled with increasing regulations
overuse of cosmetics made using chemical ingredients. The market in North
America accounted for the second-largest share in 2018 and is expected to
register 4.49% CAGR during the review period. The market in Asia-Pacific
was valued at USD 4,194.7 thousand in 2018 and is expected to grow at 5.05%
CAGR during the review period. The market in Latin America and Middle East
& Africa are expected to register a growth rate of 4.03% and 3.73%
respectively during the forecast period.
Market Players
Market Research Future (MRFR)
recognizes BASF SE (Germany), Beijing Brilliance Bio (China),
Biocosmethic (France), Clariant (Switzerland), MORRE-TEC Industries (US),
Symrise (Germany), TRI-K Industries, Inc. (the US), Atina Ativos Naturais Ltd
(Brazil), Vantage Specialty Chemicals (US), Citroleo Group (Brazil), and Sasol
Performance Chemicals (South Africa) as the Key Players in the
Global Alpha Bisabolol Market.
Key Findings of the Study
- The Global Alpha Bisabolol Market is projected to
reach over USD 27,048.4 Thousand by 2025 at a 4.6% CAGR during the review
period of 2019 to 2025.
- Europe accounted for the largest market share, with
Germany being the major contributor to the growth of the market, followed
by France.
- The skin care segment is projected to register the
highest CAGR during the review period.
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