Cosmetic Peptide Synthesis Market

The cosmetic peptide synthesis global market is expected to grow substantially. The industry valued approximately US$ 191.7 million in 2022. Furthermore, it is projected to expand at a compound annual growth rate (CAGR) of 5.6 percent and attain a market size of around US$ 331.3 million by 2032.

Market Overview

Cosmetic peptides are effective compounds that improve the skin’s physiological health and functions. For example, they help increase the skin’s permeability and stability. Plus, it also supports better interaction with cell receptors. As people become more conscious about their skin and looks, it has led to a boom in the cosmetic industry with a huge focus on synthetic cosmetic production, thereby increasing the market demand. This surge has led to extensive hair care and skin care product development, positively influencing market growth.

Furthermore, the accelerating demand from men for skincare products presents opportunities for industry players to tap this untapped market and boost sales. However, factors like chemical instability in cosmetic peptide synthesis product formulation and strict regulations for approving cosmetic peptide synthesis products may restrain the industry from growing. But these challenges are easier to overcome if the industry players follow the best practices to conform to the highest quality and market regulations.

Key Report Findings

• The cosmetic peptide synthesis market globally recorded a whooping valuation of US$191.7 million in 2022.
• The industry is expected to exhibit a CAGR of 5.6 percent between 2023 and 2032
• The market is forecasted to grow because of several factors, such as increasing self-care and skincare awareness.
• The rapid adoption of cosmetic products by men globally presents revenue-generating prospects for the industry.

Market Drivers

Self-Care Awareness

Peptides in cosmetic products are the new rage for all the right reasons. They are used as active ingredients in beauty products to facilitate the production and growth of collagen in the skin. It’s crucial to understand that collagen provides bone structure and skin elasticity. However, the body starts to lose collagen after 30. That’s when people start to use products with peptide synthesis to strengthen and boost collagen products and slow down the aging process.

However, now that the world is at consumers' fingertips, people have more knowledge and information. This has led to self-care awareness. People are now actively shopping for and using cosmetic peptide synthesis products before they reach their 30s which is considered the key driving factor for the industry demand. Products enriched with peptides are in high demand because peptides contain amino acids that are essential collagen production components.

Essential Aspect of Modern Lifestyle

In the world of social media, where people love to post pictures, this has truly made looking ravishing, youthful, and presentable an essential aspect of modern lifestyle. People want to post stunning pictures of them on different social media platforms for likes and followers. So, they want their skin to look great at all times. This has led to the demand for new cosmetic peptide products fueling industry growth.

Cosmetic peptide synthesis products are formulated to provide multiple benefits such as anti-aging, improving skin brightness, soothing dry skin, and moisturizing it.

Increase in R&D Activities

Another market driver is the increase in research and development activities. With the help of ongoing R&D activities, researchers have discovered that numerous peptides like Dipeptide-2 and Acetyl Tetrapeptide-5 are excellent for improving lymphatic circulation in the body. Cosmetic product manufacturers use these peptides for eye-cream formulation as they help combat puffy eyes and dark circles.

Similarly, nonapeptide-1 and oligopeptide-34 are best for treating pigmentation disorders common in Hispanics, Africans, and Southeast Asians. Therefore, the increase in research and development activities is also considered a key market driver for the forecasted period.

Market Opportunities

The Rapid Adoption of Skincare Products by Men

The major focus of the cosmetic industry players has always been women. However, men's rapid adoption of skincare products globally is a great opportunity for industry players to tap the segment and grow their sales.

Men have become more self-conscious and aware of the importance of skincare. They want to keep their skin youthful and prevent skin-related disorders. Hence, men are now actively following skincare routines to look their best and reduce the appearance of fine lines while making their skin look brighter.

Increase in Beauty Spending 

Over the years, there has been a rising trend in beauty spending by consumers worldwide, especially in the US. The rapid adoption of cosmetic products and the surge in demand for synthetic products provide opportunities for industry players to grow their revenues massively. The US had 28 per cent of the cosmetic peptide synthesis industry share globally, followed by Germany and China. Consumer spending on beauty products will increase in the coming years. So, if industry players focus on producing high-value products for customers with the best peptide formulations which can be added to the daily skincare routine, they can easily grow sales and profits.

Market Challenges

Stringent Regulations

Industry players must maintain high quality and safety standards while developing and producing peptide synthesis cosmetic products to prevent adverse effects and the risk of serious health problems like cancer. Hence, the industry regulatory bodies have introduced strict regulations that must be met to get approval. This can impede the market growth during the forecasted period if the industry players don’t take effective measures to conform to the industry standards.

Chemical Instability

Another major industry challenge that can hamper industry growth is cosmetic instability. It is because when peptides are modified synthetically for excellent skin permeability using covalent bonds, the risk of susceptibility to enzymatic activities increases. This can increase the risk of chemical reactions and cause formulation instability.

Regional Coverage

North America

• United States
• Canada
• Mexico

 Europe

• Germany
• United Kingdom
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

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

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

South America

• Argentina
• Brazil
• Rest of South America

Company Recent Development    

Key players operating in the cosmetic peptide synthesis market include the following:

• AAPPTec
• Biotage AB
• BASF
• Bachem Holding AG
• CSBio Company Inc.
• CEM Corporation
• GfN
• Geltor

These industry players have demonstrated their unwavering commitment to product innovation and development via the advent of new and improved peptide formulations, collaborations with research institutions, and the expansion of product portfolios. Here are some latest industry developments which are likely to propel the cosmetic peptide synthesis industry to newer heights:

In 2022, GfN collaborated with Selco to launch peptide eyes. This product includes effective ingredients like bioactive peptides acetyl tetrapeptide-5, dipeptide-2 and others to reduce fine lines and puffiness around the eyes. It uses anti-inflammatory and soothing properties that are bound to deliver superior results.

Likewise, BASF launched peptovitae, which is a 4 patent peptide series. These peptides are newly developed that promise excellent skin brightening and anti-ageing results. It is likely to be expected to be the industry breakthrough resulting in more beneficial and safe products for consumers.

Geltor also introduced a new Bioidentical active ingredient called Elastapure. It is proving to be an effective ingredient for topical skincare.