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Europe Amino Acid Market Size
- Report ID: GMI4807
- Published Date: Sep 2020
- Report Format: PDF
Europe Amino Acid Market Size
Europe Amino Acid market size exceeded USD 3.9 billion, in 2019 and is estimated to grow at over 5% CAGR between 2020 and 2026. Increasing demand for high performance supplements and rising awareness on health benefits of amino acids to foster market share.
Rapid penetration of amino acid based cosmetic solutions and increasing demand for high performance ingredients in cosmetic preparations are likely to foster product demand. They are widely used in preparing products such as such as lotions, sunscreens, moisturizers, peels, and face masks. Rising consumer awareness on dermatological aspects of healthcare and exposure to ultraviolet radiation may foster Europe amino acid market trends.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Europe Amino Acid Market Size in 2019: | 3.9 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 5% |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 290 |
| Tables, Charts & Figures: | 208 |
| Segments covered: | Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Europe amino acid industry from cosmetics is likely to surpass USD 540 million by 2026, owing to rising geriatric population and increasing demand for anti-aging solutions. Amino acids are widely used in manufacturing anti-aging solutions owing to their collagen enhancing properties which aid in reducing the prevalence of fine lines and wrinkles. Industry players in the region are rapidly introducing amino acid based anti-aging serums in an attempt to introduce new solutions and broaden their consumer, thereby boosting market outlook.
Increasing demand for multifunctional ingredients supported by growing consumer awareness regarding side effects of chemical ingredients will propel product demand. Amino acids play dual role in cosmetic manufacturing as they act as preservative and moisturizing agent. These solutions protect cosmetic products from susceptibilities such as oxidation and water. Rising demand for high performance cosmetic ingredients and inclination towards luxury cosmetics is likely to propel Europe amino acid market growth.
Industry players in the region are rapidly capitalizing on emerging trends in the market sphere by introducing advanced amino acid-based solutions. These solutions make it easier for manufacturers to market their product using taglines such as natural and sustainable. Furthermore, increasing competition in European cosmetic industry and shift towards adopting additive free cosmetic solutions is likely to foster market demand.
Stringent regulations in Europe in preparing cosmetics and compliances on specific ingredients is increasing competition in market sphere. Industry players in amino acid are rapidly engaged in developing high quality solutions specifically designed for cosmetic solutions. Additionally, manufacturers are also engaged in developing extraction technology from natural sources in an attempt to improve their brand image and broaden consumer base, thereby boosting Europe amino acid market demand.
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Europe Amino Acid Market Scope
