Blue Light Protection Ingredient Market Set to Reach USD 2.02 Billion by 2034 Amid Rising Smartphone Use and Awareness of Blue Light Dangers | Future Market Insights, Inc. | Morningstar

Nov 02, 2024

Blue light protection ingredients are gaining traction in the cosmetics and skincare industry due to increasing awareness of the potential harmful effects of blue light exposure from digital devices. These ingredients, incorporated into various skincare formulations, aim to mitigate oxidative stress, premature aging, and other skin concerns associated with prolonged screen time.

NEWARK, DE / ACCESSWIRE / October 31, 2024 / The global market for blue light protection ingredients is anticipated to reach a valuation of USD 890.9 million in 2024, driven by the increasing use of smartphones and growing consumer awareness regarding the harmful effects of blue light. With a projected compound annual growth rate (CAGR) of 8.6% from 2024 to 2034, the market is expected to surge to USD 2.02 billion within the next decade.

Key Market Insights

Rising Demand for Botanical Ingredients: Botanical ingredients such as ginger, pomegranate, noni fruits, and carrot root are gaining popularity for their protective properties against blue light-induced skin damage. These active compounds are integral to revolutionary anti-blue light formulations in skincare and cosmetic products.

Expanding Cosmetic Applications: The cosmetic and personal care sectors are increasingly integrating blue light protection ingredients into a variety of products, including primers, serums, and facial gels. This trend is creating a robust market for blue light protection components as consumers seek solutions for skin concerns like redness, dark spots, and aging.

Increased Digital Device Usage: The proliferation of electronic devices has heightened the need for blue light protection. As consumers spend more time on smartphones and computers, the demand for effective protective ingredients is rising.

Innovative Product Development: Market players are innovating with novel formulations and affordable products, particularly in the health and wellness and cosmetics sectors, contributing to the market's growth.

Regional Insights into the Blue Light Protection Ingredient Market

Countries

CAGR from 2024 to 2034

United States

4.9%

United Kingdom

5.6%

China

8.6%

Japan

11.0%

India

17.4%

Key Takeaways from the Blue Light Protection Ingredient Market

The global blue light protection ingredient market is projected to reach USD 890.9 million in 2024 and USD 2.02 billion by 2034.

Anticipated CAGR of 8.6% from 2024 to 2034 indicates robust market growth.

Botanical ingredients like ginger and pomegranate are gaining popularity for their protective properties.

Increasing integration of blue light protection ingredients in cosmetics addresses skin health concerns.

The rise in electronic device usage drives consumer demand for protective ingredients.

Growing preference for organic and natural ingredients is influencing market trends.

Regional insights show varied growth rates, with India at 17.4% CAGR leading the way.

Ongoing innovation and R&D are fueling the development of effective protective formulations.

Market challenges include high production costs and supply chain issues.

Rising smartphone usage and increased consumer awareness present significant opportunities for market players.

"The incorporation of botanical ingredients in skincare products is increasingly common, as brands strive to innovate in response to evolving consumer preferences. Concurrently, the growing reliance on digital devices has intensified the demand for protective formulations." says Sudip Saha Managing Director and Co-Founder at Future Market Insights.

Prominent Drivers of the Blue Light Protection Ingredient Market

Increased Awareness of Blue Light Effects: Growing consumer knowledge about the harmful impacts of blue light on skin health has heightened demand for protective ingredients.

Rising Use of Digital Devices: The widespread adoption of smartphones, tablets, and computers has led to greater exposure to blue light, prompting a need for effective protective solutions.

Demand for Botanical Ingredients: The popularity of natural and botanical ingredients in skincare formulations is driving innovation and enhancing product offerings.

Growth in the Cosmetic Industry: The expanding cosmetics sector is increasingly incorporating blue light protection ingredients into a variety of products, from serums to moisturizers.

Shift Towards Organic Products: A rising consumer preference for organic and natural formulations is influencing manufacturers to develop blue light protection products with clean ingredients.

Innovation and Research: Continuous advancements in research and development are leading to the creation of novel formulations that effectively combat blue light exposure.

Increased Focus on Skin Health: A heightened consumer emphasis on skincare and wellness is driving demand for products that address various skin concerns related to blue light exposure.

Challenges Faced by the Blue Light Protection Ingredient Market

High Production Costs: The expenses associated with sourcing and formulating blue light protection ingredients can be significant, impacting pricing and profitability.

Supply Chain Issues: Disruptions in the supply chain, including raw material shortages and logistics challenges, can hinder market growth and product availability.

Regulatory Hurdles: Navigating complex regulatory requirements for cosmetic ingredients can pose challenges for manufacturers, potentially delaying product launches.

Limited Awareness Among Consumers: Despite increasing awareness, many consumers remain uninformed about the benefits of blue light protection, which can affect market penetration.

Competition from Alternatives: The presence of alternative skincare solutions may divert consumer interest away from products specifically formulated for blue light protection.

Evolving Consumer Preferences: Rapid shifts in consumer trends and preferences necessitate continuous adaptation and innovation from brands, which can be resource-intensive.

Skepticism Towards Claims: Some consumers may be skeptical about the efficacy of blue light protection ingredients, requiring brands to invest in education and marketing to build trust.

Competitive Landscape of the Blue Light Protection Ingredient Market

The market remains highly fragmented, with numerous players competing for market share. Despite the intense rivalry, product quality and safety continue to be paramount for consumers. As the demand for organic and natural products grows, ingredient manufacturers are diversifying their portfolios and launching dedicated units for organic production to align with this trend.

Market participants are increasingly focusing on enhancing their social media presence and investing in effective advertising strategies to raise customer awareness. Furthermore, expansion initiatives are crucial to many businesses' growth strategies, allowing companies to broaden their customer base and better respond to the increasing demand for blue light protection ingredients.

Looking ahead, players in the blue light protection ingredient market are actively pursuing growth in the coming decade through strategic alliances, product innovations, partnerships, research and development, and targeted marketing efforts. By implementing these strategies, companies aim to remain competitive and position themselves as leaders in this dynamic industry.

Recent Developments in the Blue Light Protection Ingredient Market

In October 2023, Symrise AG increased its stake in United States pigment and powder specialist Kobo Products Inc. to 49%, providing innovative raw materials for the cosmetics industry. The deal began in 2021 and is anticipated to expand capacity and enhance the supply chain, benefiting mineral UV filters and decorative cosmetics companies.

In September 2023, IBG Brand Incubator launched a blue light-blocking cosmetics line named Screensaver at Walmart. The line is designed to protect the skin from the harmful effects of digital devices. The nine-product line includes primer, eyeshadow, blush, highlighter, and lip gloss.

In February 2022, India's first Gen-Z skincare brand, FABBEU, launched a Blue Light Protection Cream to protect users from blue light and digital pollution. The startup uses AI-based skin analysis to recommend ideal products for Gen-Z customers.

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.

Access the Full Report Blue Light Protection Ingredient Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/blue-light-protection-ingredients-market

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

Authored By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.

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