Active Ingredients Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity
The active ingredient market is likely to grow at a promising CAGR of 6.8% over the forecast period (2023-2028).
The active ingredient market refers to the market involving the manufacturing of active ingredients that includes those elements of the product that endure natural processes throughout the manufacturing of the drug product. They must be present in the drug product in a modified form intended to provide the necessary activity or impact. The market is being driven by increasing demand for multifunctional ingredients and growing demand for skin-whitening, anti-aging, and sun protection products in the cosmetics industry.