According to a report published by Future Market Insights, the blue light protection ingredient market is expected to grow significantly in the forthcoming decade, with a projected value of USD 890.9 million in 2024. The market is predicted to surge at a CAGR of 8.6% during the forecast period and is expected to reach a valuation of USD 2.02 billion by 2034. The market growth can be attributed to the increasing use of smartphones and other electronic devices and the growing awareness of the harmful effects of blue light exposure on the skin.
The demand for blue light protection ingredients is rapidly expanding, with a particular focus on botanical ingredients that can safeguard against harmful blue light. Active compounds found in botanicals such as ginger, pomegranate, noni fruits, and carrot root have been identified as effective in shielding the skin from blue light-induced damage. As a result, producers of blue-light protection ingredients have developed innovative anti-blue light solutions for various skin and cosmetic care products, including primers, serums, and facial gels, leading to increased global sales of blue-light protection components.
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The demand for blue-light protection in devices and electronics is also rising, focusing on using these ingredients to treat various skin-related diseases like redness, dark spots, skin aging, and wrinkles. This trend is creating a new consumer base for blue-light defense ingredients. As awareness of the harmful effects of blue light exposure on the skin grows, the demand for blue light protection ingredients is expected to continue to increase, presenting new opportunities for manufacturers and suppliers in the blue light protection ingredient market.
Key Takeaways from the Blue Light Protection Ingredient Market
- The United States blue light protection ingredient industry is projected to experience a CAGR of 9% through 2034.
- The blue light protection ingredient market in the United Kingdom is expected to demonstrate a CAGR of 6% through 2034.
- The blue light protection Ingredient Industry in Japan is anticipated to witness a CAGR of 0% through 2034.
- The Indian blue light protection ingredients sector is expected to showcase a CAGR of 4% through 2034.
- The blue light protection ingredient market in China is estimated to display a CAGR of 6% through 2034.
Competitive Landscape of the Blue Light Protection Ingredient Market
Several market players are vying for market dominance in the highly fragmented global blue-light protection ingredients market. Consumers still place a high value on safety and product quality. As consumer demand for natural and organic goods grows, ingredient manufacturers are expanding their product lines or opening new facilities for organic manufacturing.
Players in the market are concentrating on their social media presence, efficient advertising, and growth plans to raise consumer awareness and meet the growing demand. To stay ahead of the curve and establish themselves as important players in this cutthroat industry, the blue light protection ingredient industry is growing its businesses through partnerships, research and development, strategic alliances, and focused marketing campaigns in the upcoming decade.
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.
Recent Developments in the Blue Light Protection Ingredient Market
- Symrise AG raised its ownership of United States pigment and powder specialist Kobo Products Inc. to 49% in October 2023 to grow the supply chain and capacity for businesses that produce decorative cosmetics and mineral UV filters.
- Walmart carried the Screensaver range of blue light-blocking cosmetics, which IBG Brand Incubator introduced in September 2023. Screensaver strives to shield skin from the damaging impacts of digital gadgets with nine solutions.
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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
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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