The blue light protection ingredients market size is estimated to be valued at US$ 824.4 Million in 2023. The market is surging at a valuation of US$ 1.9 Billion by 2033 with a CAGR of 8.7% during the forecast period. Facial skincare continues to lead the demand for blue light protection ingredients market, accounting for 40% of total demand, according to a latest study by Future Market Insights (FMI).
The research also reveals rapid growth in the demand for products offering bluc light and organic blue light protection; this space provides scope for entering the market. The latest research will monitor changes in blue light protection ingredients consumption of more than 20 countries while exploring the driving forces behind major high-end markets.
The need for blue light protection ingredients stayed flat a while ago because of low attention and meager research. On the other hand, in recent few years a sizeable amount of research has demonstrated that an abnormal expenditure on smart phones can cause several health concerns. A study by sent this, a new report from Harvard University in July 2020, revealed that blue light produces skin damage melatonin twice as long compared to green. However, with the growing trend of electronics enclaved in screens and energy-efficient lighting which delivers such high amounts of blue light that people are now looking at the right solutions to this problem.
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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
“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.
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
Key Segments Form Type
- Solid/Semi-Solid
- Liquid
Nature
- Organic
- Conventional
Application
- Facial Skincare
- Facial Creams and Moisturizer
- Serums
- Facial Gels/Oils
- Others
- Body Care Products
- Cosmetic Products
- Foundations
- Primers and Concealers
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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