Blue Light Protection Ingredients Market Research Report 2022 – Global Forecast till 2030

According to a recent report by Future Market Insights, facial cosmetics continues to dominate demand for blue light protection chemicals, accounting for 40% of total demand (FMI). According to the survey, demand for organic blue light protection solutions is rapidly increasing, leaving room for new market entrants. The new report examines major prevailing characteristics in high-growth areas while tracking blue light protection component consumption in over 20 nations.

Due to a lack of awareness and study, demand for blue light protection chemicals has remained low for a long time. However, a growing body of evidence has connected excessive smartphone use to a variety of health disorders in the previous five years. According to a new Harvard University study published in July 2020, blue light suppresses melatonin for twice as long as green light, causing skin damage. Consumers are looking for appropriate solutions as the growth of electronics with screens and energy-efficient lighting increases exposure to blue wavelengths.

Key Takeaways

• Global blue light protection ingredient market to grow at 8% CAGR through 2030
• Solid/semi-solid ingredient demand higher than liquid ingredients
• Demand for organic variant increased to 36% of total consumption in 2020
• Germany, UK, France, Italy, and US among epicenters of global demand

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“The increase in usage of electronic gadgets starting from smart phones to laptops is resulting in higher exposure of our skin to the blue lights emitted from these devices. For instance, according to the National Statistics of the United States, ~88% of people in the U.S use PC/laptop, while ~75% people use smartphones and this rate is expected to rise further through 2030. This increasing adoption of electronic gadgets is anticipated to further expand the global blue-light protection ingredients market in the near future,” says an FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in decline in growth of the key end-use industries of the market such as cosmetics, skincare, and others. The outbreak of the pandemic has shifted the focus of the consumers towards more emergency services including health, wellness, and others.

Furthermore, the manufacturing units have come across various hurdles such as scarcity of raw materials, unavailability of enough manpower, and others. As most of the manufacturing hubs were closed for long during the lock down, the growth of the market has declined substantially earlier this year.

However, with the commencement of vaccination and adoption of the ‘new-normal’, the market is expected to get back on track and expand further in the coming years.

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Who is Winning?

The global blue-light protection ingredients market is getting stricter in terms of competition with the passing years. In order to leverage the new opportunities, the key market players are emphasizing on launching of more quality products.

For instance, BASF Group launched its new range of blue-light protection ingredients such as DN-Aura®, Neurobiox®, Phytosoothe®, and others which are inspired by plant defense strategies in the year 2019

RAHN AG launched its new extensive range of blue-light protection ingredients such as CELLIGENT®, MYRAMAZE®, and others in the year 2020