Beta Arbutin Market to Reach USD 1,263.38 Million by 2026 at A CAGR Of 6.0%.

Fri, 27 December 2019 11:47

Natural arbutin is mainly used in the personal care industry for depigmentation or fading spots in hyperpigmentation cases. Furthermore, Increasing demand arbutin for more effective, faster, and safer approach to promote the activity of anti-inflammation and antioxidant properties. Furthermore, Lactorepens and Unidrox are majorly used drugs in chronic bacterial prostatitis condition, which comprises of arbutin. Furthermore, arbutin extracted from natural sources are used in the treatment of urinary tract infections (UTI), diuretic, and kidney stone. Every year, a large women population suffers from UTI and require natural products to maintain their hygiene. For instance, around 60% of women and 12% of men are expected to suffer from UTI at least once in their lifetime, the Urology Care Foundation. This is further triggered by the availability of e-commerce platforms over conventional distribution channels for purchasing arbutin product due to cost-effectiveness. Moreover, growing research and development activities to explore new applications of arbutin are also laying the foundation stone for the growth. In June 2019, SP Nutraceuticals Inc. collaborated with Canadian Glycomics Network (GlycoNet) to work on the safety evaluation of β-arbutin in humans as a dietary supplement.

Cosmetic segment to dominate the global beta arbutin market

Beta-Arbutin is one of the most efficient skin lightening agents that reduces hyperpigmentation and moisturizes the skin, which exhibits the demand for arbutin in manufacturing of BB/CC creams. Growing demand for herbal skincare products due to rising awareness regarding the harmful effects of chemical products is expected to drive the growth of the market. For instance, ACQUA GEMS INTERNATIONAL CO., LTD. offers 7% Arbutin Gel face cream constitute of a natural extract of arbutin, used for skin whitening smoothens the skin and increase the radiance of the skin. Furthermore, Young generation is willing to expend on personal care products to get the desired result. In 2016, Japan cosmetic shipments recorded the highest 7.3% increase, (Japan Cosmetic Industry Association). Moreover, growing herbal cosmetics market is opening new avenues for the arbutin manufacturers. In addition, increasing popularity of e-commerce distribution channel across various industries is helping in the availability of raw materials for arbutin. For instance, Amazon and Alibaba are the major platforms making easy availability of arbutin product at a low price.

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Europe is witnessing rapid demand for arbutin in the pharmaceutical industries

Europe beta arbutin market is anticipated to reach USD 11.27 million by 2026 at a CAGR of 3.9% over the forecast period. Currently, Europe beta arbutin market is struggling to get a grip due to the relatively prevalence of skin pigmentation. However, the region is experiencing considerable growth in the demand for products that can treat skin cancer and skin aging & loosening conditions, which has helped respective medicine and cosmetics market to flourish. Furthermore, presence of leading manufacturers of herbal medicine and herbal cosmetics is expected to drive the market growth.

Growth opportunity for arbutin market in Middle East and Africa

Middle East receives a relatively high amount of sunlight around the year, increasing the pigmentation rate of skin which has created a huge opportunity for skin whitening and lightening cosmetic products market including beta arbutin market to propel in the region. Moreover, beta arbutin market in the Middle East is likely to reach new heights in the upcoming years with the introduction of new, advanced, and highly effective products in the market. For instance, in February 2019, Lansley introduced Alpha Arbutin Flash Radiant Spot Serum at Beauty Community PLC Nuanchan 34. In African countries including South Africa, Jamaica, and Ghana, skin whitening products market is witnessing healthy growth. Moreover, in Nigeria, Togo, and Senegal, over 77%, 59%, and 27% of the women agreed to use skin whitening products including beta arbutin for a long period of time. The Middle East and Africa beta arbutin market is likely to grow rapidly with more skin whitening cosmetic product manufacturers entering the regional market in the next few years.

Key Players

Few of the dominant players operating in beta arbutin market include Maxsun Industries, Inc, Baowei Technology, Plamed Green Science Group, Hubei Xiangxi Chemical Industry Co., Ltd, Jinan Chenghui Shuangda Chemical, Xi'an Biof Bio-technology Co.,Ltd, Plantnat, Shanghai Cosroma Biotech Co., LTD, Shaanxi Dongyu Bio-Tech Co., Ltd, Wellgreen Technology, Kraeber & Co, Xi'an Sost Biotech Co, Mitsubishi Chemical Corporation

In 2018, Kraeber & Co GmbH partnered with Calmags GmbH. In this Calmags received distribution rights for cosmetic substances in the USA, Canada and South America.

In 2014, Maxsun’s organic production lines were certified organic by the USDA.

Global Beta Arbutin Market Segmentation

By Type

  • Purity: ≥99%
  • Purity: <99%

By Application

  • Cosmetics
  • Medicine
  • Others

By Regional covered

America

o    North America

  • U.S.
  • Canada
  • Mexico

o    South America

Europe

o    Western Europe

  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Rest of Western Europe

o    Eastern Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific

The Middle East & Africa

o    The Middle East

  • Saudi Arabia
  • UAE
  • Qatar
  • Rest of the Middle East

o    Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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