As
per FMI’s recent study, the global blue light protection ingredients market is
slated to grow at an 8.3% CAGR during 2020-2030. The market is expected to
surge in the approaching years due to increase in number of ingredients
launched for blue light protection as well as novel ways to develop the test
products will be increasing. Furthermore, researchers are learning more
regarding the mechanism of damage which occurs in the skin due to blue light
exposure.

“Growing adoption of
electronic gadgets, from laptops to smart phones is ensuing in higher exposure
of skin to the blue lights released from these devices, this is likely to
further expand the global blue-light protection ingredients market amid the
forecast period.” states the FMI analyst.

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Important Highlights

US, UK, Italy, France, and Germany are anticipated to be the highly lucrative markets for blue light protection ingredients.Organic variant accounted for 36% of the overall consumption in 2020, however, the conventional segment still holds a higher market share.Solid/semi-solid ingredient will be foreseeing higher demand than liquid ingredients in the global market.Facial skin care application will remain key beneficiary throughout the forecast period.

Drivers

Mounting usage of laptops, tablets, and smartphones might offer huge growth prospects for the market amid the assessment period.Surge in the female workforce worldwide and continuous working on laptops and desktops are boosting the market growth.The escalating work-from-home mechanism adopted by several companies due to COVID-19 pandemic, lead to a rise in screen-time. Thus, offering tremendous growth prospects for the market.

Restraints

High cost associated with the incorporation of blue-light protection ingredients in the cosmetic and skin care products is creating a bottleneck for the market growth.The COVID-19 outbreak has shifted buying patterns of consumer, with cosmetics products receiving less priority is limiting the market growth.

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COVID-19
Impact on Market

The
COVID-19 outbreak has ensued in decline in demand from the key end-use
industries of the market such as skincare, cosmetics, and others. The outbreak
has shifted the focus of the customers towards more emergency services
incorporating wellness, health, and others. As majority of the production hubs
were closed amid the lockdown, the expansion of the market has halted earlier
this year.

However,
with the initiation of vaccination and acceptance of the ‘new-normal’, the
market will regain its pre-crisis status quo and grow further in the
approaching years.

Competitive Landscape

Major
market players operating in the global blue light protection ingredients market
are RAHN AG, DSM Nutritional Products, LLC, Clariant International Ltd, BASF
Group, Croda International Plc, Kobo Products, Inc., Lonza Group, Ashland
Global Specialty Chemicals Inc., along with Evonik Industries. The global
market stays notably fragmented, however, product safety and quality stays key
priorities for customers. Sensing the total shift to organic, ingredient
producers are launching or diversifying new units devoted to organic
manufacturing.

About the Study

The
study offers readers a comprehensive assessment of the blue light protection
ingredients market. Global, regional and national-level analysis of the latest
trends influencing the market is covered in this FMI report. The study provides
insights on the basis of form type (solid/semi-solid, liquid), nature (organic,
conventional), application (facial skincare (facial creams and moisturizer,
serums, facial gels/oils, others), body care products, cosmetics products
(foundations, primers & concealers, others)), and across key regions (North
America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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Table of Content

1. Executive Summary

1.1.
Global Market Outlook

1.2.
Summary of Key Statistics

1.3.
Summary of Key Findings

1.4.
Analysis and Recommendations

2. Market Overview

2.1.
Market Taxonomy

2.2.
Market Definition

3. Key Market Trends

3.1.
Key Trends Impacting the Market

3.1.1.
Blue Light Beauty: An Emerging Trend

3.1.2.
Desirable Claims Used by Manufacturers

3.1.3.
High Investments in Research and Development

3.1.4.
Heightened Product Launch Frequency

3.1.5.
Blue Light From Smart Devices forming an Integral Part of Anti-Pollution Trend

3.1.6.
A shift in Consumer Preferences Towards Blue Light Protection as Work From Home
Normalizes

3.2.
Product Innovation Trends

4. Risk and Opportunities
in The Market

4.1.
Associated Risk

4.1.1.
Regulatory Landscape Associated Risk

4.1.2.
Standard & Certifications Risk

4.2.
Opportunities

4.2.1.
Opportunities In Alternative Segments

4.2.2. Latent Opportunities In Middle-Income and Low Income Markets

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