Antioxidants are added to cosmetics in order to improve skin and hair condition. Major factor driving growth of the global cosmetic antioxidants market is growing use of anti-aging, anti-wrinkle, skin brightening personal care products among consumers. However, high cost of natural antioxidants and increasing use of chemical antioxidants may affect growth of the target market.

The global cosmetic antioxidants market has been segmented on the basis of source, type, function, and region. On the basis of source, the market is segmented into chemically derived and natural. Natural segment expected to holds major share in terms of revenue, due to increasing demand for herbal skin care and hair care products globally.

On the basis of type, the market is segmented into enzymes, vitamins, carotenoids, synthetics, and polyphenols. Vitamin segment expected to dominate the global market over the forecast period.

On the basis of function, the market is segmented into anti-aging, moisturizing, UV protection, hair conditioning, hair cleansing, and anti-inflammatory. In terms of revenue, hair condition segment anticipated to witness high growth in the near future owing to rising hair fall issues due to air pollution especially in urban areas.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific expected to dominates the global market in terms of revenue, owing to increasing use of cosmetic antioxidants among consumers coupled with growing cosmetic industry in China and South Korea. Market in Europe is expected to witness high growth in terms of revenue in the near future, followed by North America, Latin America, and Middle East and Africa. High standard of living and increasing demand for premium natural cosmetic products among individuals is a key factor fueling growth of the target market in Europe.

Key players operating in the global cosmetic antioxidants market include BTSA Biotecnologías Aplicadas, S.L., BASF SE, Kemin Industries, Inc., Barentz International BV, Koninklijke DSM N.V., Croda International Plc, Eastman Chemical Company, Evonik Dr. Straetmans GmbH, Lonza Group Ltd, and Wacker Chemie AG.