Blue light protection ingredients are gaining traction in the cosmetics and skincare industry due to increasing awareness of the potential harmful effects of blue light exposure from digital devices. These ingredients, incorporated into various skincare formulations, aim to mitigate oxidative stress, premature aging, and other skin concerns associated with prolonged screen time.
NEWARK, DE / ACCESSWIRE / October 31, 2024 / The global market for blue light protection ingredients is anticipated to reach a valuation of USD 890.9 million in 2024, driven by the increasing use of smartphones and growing consumer awareness regarding the harmful effects of blue light. With a projected compound annual growth rate (CAGR) of 8.6% from 2024 to 2034, the market is expected to surge to USD 2.02 billion within the next decade.
Key Market Insights
Rising Demand for Botanical Ingredients: Botanical ingredients such as ginger, pomegranate, noni fruits, and carrot root are gaining popularity for their protective properties against blue light-induced skin damage. These active compounds are integral to revolutionary anti-blue light formulations in skincare and cosmetic products.
Expanding Cosmetic Applications: The cosmetic and personal care sectors are increasingly integrating blue light protection ingredients into a variety of products, including primers, serums, and facial gels. This trend is creating a robust market for blue light protection components as consumers seek solutions for skin concerns like redness, dark spots, and aging.
Increased Digital Device Usage: The proliferation of electronic devices has heightened the need for blue light protection. As consumers spend more time on smartphones and computers, the demand for effective protective ingredients is rising.
Innovative Product Development: Market players are innovating with novel formulations and affordable products, particularly in the health and wellness and cosmetics sectors, contributing to the market's growth.
Regional Insights into the Blue Light Protection Ingredient Market
Countries |
CAGR from 2024 to 2034 |
United States |
4.9% |
United Kingdom |
5.6% |
China |
8.6% |
Japan |
11.0% |
India |
17.4% |
Key Takeaways from the Blue Light Protection Ingredient Market
The global blue light protection ingredient market is projected to reach USD 890.9 million in 2024 and USD 2.02 billion by 2034.
Anticipated CAGR of 8.6% from 2024 to 2034 indicates robust market growth.
Botanical ingredients like ginger and pomegranate are gaining popularity for their protective properties.
Increasing integration of blue light protection ingredients in cosmetics addresses skin health concerns.
The rise in electronic device usage drives consumer demand for protective ingredients.
Growing preference for organic and natural ingredients is influencing market trends.
Regional insights show varied growth rates, with India at 17.4% CAGR leading the way.
Ongoing innovation and R&D are fueling the development of effective protective formulations.
Market challenges include high production costs and supply chain issues.
Rising smartphone usage and increased consumer awareness present significant opportunities for market players.
"The incorporation of botanical ingredients in skincare products is increasingly common, as brands strive to innovate in response to evolving consumer preferences. Concurrently, the growing reliance on digital devices has intensified the demand for protective formulations." says Sudip Saha Managing Director and Co-Founder at Future Market Insights.
Prominent Drivers of the Blue Light Protection Ingredient Market
Increased Awareness of Blue Light Effects: Growing consumer knowledge about the harmful impacts of blue light on skin health has heightened demand for protective ingredients.
Rising Use of Digital Devices: The widespread adoption of smartphones, tablets, and computers has led to greater exposure to blue light, prompting a need for effective protective solutions.
Demand for Botanical Ingredients: The popularity of natural and botanical ingredients in skincare formulations is driving innovation and enhancing product offerings.
Growth in the Cosmetic Industry: The expanding cosmetics sector is increasingly incorporating blue light protection ingredients into a variety of products, from serums to moisturizers.
Shift Towards Organic Products: A rising consumer preference for organic and natural formulations is influencing manufacturers to develop blue light protection products with clean ingredients.
Innovation and Research: Continuous advancements in research and development are leading to the creation of novel formulations that effectively combat blue light exposure.
Increased Focus on Skin Health: A heightened consumer emphasis on skincare and wellness is driving demand for products that address various skin concerns related to blue light exposure.
Challenges Faced by the Blue Light Protection Ingredient Market
High Production Costs: The expenses associated with sourcing and formulating blue light protection ingredients can be significant, impacting pricing and profitability.
Supply Chain Issues: Disruptions in the supply chain, including raw material shortages and logistics challenges, can hinder market growth and product availability.
Regulatory Hurdles: Navigating complex regulatory requirements for cosmetic ingredients can pose challenges for manufacturers, potentially delaying product launches.
Limited Awareness Among Consumers: Despite increasing awareness, many consumers remain uninformed about the benefits of blue light protection, which can affect market penetration.
Competition from Alternatives: The presence of alternative skincare solutions may divert consumer interest away from products specifically formulated for blue light protection.
Evolving Consumer Preferences: Rapid shifts in consumer trends and preferences necessitate continuous adaptation and innovation from brands, which can be resource-intensive.
Skepticism Towards Claims: Some consumers may be skeptical about the efficacy of blue light protection ingredients, requiring brands to invest in education and marketing to build trust.
Competitive Landscape of the Blue Light Protection Ingredient Market
The market remains highly fragmented, with numerous players competing for market share. Despite the intense rivalry, product quality and safety continue to be paramount for consumers. As the demand for organic and natural products grows, ingredient manufacturers are diversifying their portfolios and launching dedicated units for organic production to align with this trend.
Market participants are increasingly focusing on enhancing their social media presence and investing in effective advertising strategies to raise customer awareness. Furthermore, expansion initiatives are crucial to many businesses' growth strategies, allowing companies to broaden their customer base and better respond to the increasing demand for blue light protection ingredients.
Looking ahead, players in the blue light protection ingredient market are actively pursuing growth in the coming decade through strategic alliances, product innovations, partnerships, research and development, and targeted marketing efforts. By implementing these strategies, companies aim to remain competitive and position themselves as leaders in this dynamic industry.
Recent Developments in the Blue Light Protection Ingredient Market
In October 2023, Symrise AG increased its stake in United States pigment and powder specialist Kobo Products Inc. to 49%, providing innovative raw materials for the cosmetics industry. The deal began in 2021 and is anticipated to expand capacity and enhance the supply chain, benefiting mineral UV filters and decorative cosmetics companies.
In September 2023, IBG Brand Incubator launched a blue light-blocking cosmetics line named Screensaver at Walmart. The line is designed to protect the skin from the harmful effects of digital devices. The nine-product line includes primer, eyeshadow, blush, highlighter, and lip gloss.
In February 2022, India's first Gen-Z skincare brand, FABBEU, launched a Blue Light Protection Cream to protect users from blue light and digital pollution. The startup uses AI-based skin analysis to recommend ideal products for Gen-Z customers.
Key Companies in the Blue Light Protection Ingredient Market
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
Galactic Beauty LLC
ISDIN S.A.
EltaMD Inc.
COOLA LLC.
Access the Full Report Blue Light Protection Ingredient Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/blue-light-protection-ingredients-market
Key Segments
By Foam Type:
Solid/Semi-solid
Liquid
By Nature:
Original
Conventional
By Application:
-
Facial Skincare
Facial Creams & Moisturizer
Serums
Facial Gels/Oils
Others
-
Body Care Products
Cosmetic Products
Foundations
Primers & Concealers
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Authored By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.
Have a Look at the Related Reports of the Consumer Product Domain:
The battery-operated light market size is expected to reach USD 122.8 billion in 2024, growing at a CAGR of 10.3%. By 2034, revenue is projected to hit USD 327.3 billion.
The dive computer market value is projected to grow at a CAGR of 5.90%, reaching an estimated USD 1,249.40 million by 2034, up from USD 705.3 million.
The global digital pen market size is projected to grow at a CAGR of 13.3%, reaching USD 10.5 billion by 2034, with an estimated market size of USD 3.0 billion in 2024.
The sports sunglasses market value is expected to grow from USD 6.3 billion in 2024 to USD 10.3 billion by 2034, reflecting a CAGR of 5.1%.
The metal bellow market size is estimated to be valued at USD 2,455.3 million in 2024 and is projected to grow at a CAGR of 6.4%, reaching USD 4,564.7 million by 2034.
The household robot market value is estimated at USD 14.7 billion in 2024 and is projected to grow at a CAGR of 20.6%, reaching USD 96 billion by 2034.
The demand for blue light blocking glasses is expected to grow at a CAGR of 7.9%, reaching USD 5.98 billion by 2034, up from USD 2.79 billion in 2024.
The global safety eyewear market size is valued at USD 4,249.9 million in 2024 and is projected to reach USD 7,740.3 million by 2034, growing at a CAGR of 6.2%.
The eyewear market size is valued at USD 169.01 billion in 2023 and is projected to grow at a CAGR of 5.60%, reaching USD 291.00 billion by 2033.
The ski gear and equipment market size is estimated at USD 1,785.3 million in 2024 and projected to reach USD 2,470.1 million by 2034, with a CAGR of 3.3%.
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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube
SOURCE: Future Market Insights Inc.
View the original press release on accesswire.com
