Skincare Market Size Overview
The global skincare market is highly competitive, with numerous brands and products vying for consumer attention. As of 2020, the global skincare market size was valued at approximately $145.6 billion. It is projected to reach a value of $189.3 billion by 2025. It expects to grow at a CAGR of 5.3% during the forecast period.
The skincare market includes various products, such as face creams, lotions, serums, cleansers, masks, sunscreens, etc. Key players in the industry include multinational corporations like L’Oréal, Estée Lauder, and Procter & Gamble, as well as smaller, niche brands that focus on specific skincare concerns or ingredients. And it also has various segments, including mass-market, luxury, natural, organic, and medical-grade skincare brands. Each segment caters to different consumer preferences and price points.
What factors drive the growth of the skincare market? The answers include as follows.
- Increasing awareness about skincare
- Rising demand for organic and natural products
- Social media and celebrity endorsements bring influence customers
And especially in recent years, there has been a growing demand for clean and sustainable skincare products as consumers become more conscious of the environmental impact of their purchases. It has led to the rise of brands prioritizing natural and eco-friendly ingredients, packaging, and manufacturing processes.
Several popular ingredients are commonly found in skincare products, like Retinol, Vitamin C, Salicylic acid, peptides, Aloe vera, green tea extract, etc. For example, an antioxidant ingredient, Vitamin C, helps brighten the skin. It supports fading dark spots and even out skin tone. It can boost collagen production while protecting the skin from environmental damage. As a vitamin A derivative, retinol helps reduce fine lines and wrinkles. It is good for uneven skin tone. It also promotes cell turnover and stimulates collagen production.
Among them, it has to talk about hyaluronic acid and niacinamide.
Vitamin B3 Niacinamide
VB3 Niacinamide, also known as nicotinamide, is a water-soluble vitamin. It is essential for the proper functioning of the body. It is involved in various metabolic processes, including converting food into energy.
Niacinamide has several important roles in the body. It is a precursor for the coenzymes NAD and NADP, which play a crucial role in cellular energy production and metabolism. These coenzymes are involved in over 400 enzymatic reactions in the body.
It also has antioxidant properties. It means nicotinamide help to protect cells from damage caused by free radicals. It has been shown to have anti-inflammatory effects and may help reduce sebum production, making it beneficial for individuals with acne-prone skin.
Besides mentioned above, this ingredient may help other sides, like improving cholesterol levels, reducing the risk of cardiovascular disease, and supporting brain health. It has also been used to treat certain skin conditions, such as rosacea and hyperpigmentation.
Food Additive – Hyaluronic Acid
As a naturally occurring substance in the human body, Hyaluronic Acid exists in the skin, joints, and connective tissues. It plays a crucial role in maintaining moisture and hydration in the skin and providing lubrication and cushioning in the joints.
This ingredient is popular in skincare because it retains water and keeps the skin hydrated. When applied topically, it can help plump and hydrate the skin. It can reduce fine lines and wrinkles.
Hyaluronic acid is used in dermal fillers, too. When injected into the skin, it can restore volume and fill wrinkles and lines. So, it helps improve sagging skin and adds fullness to areas like the cheeks and lips.
Overall, hyaluronic acid is a versatile ingredient with numerous benefits for the skin and joints. It is safe for most skin types and is often recommended for customers with dry or aging skin.
Niacinamide VS Hyaluronic Acid, Which One Is Better?
Niacinamide powder is a versatile ingredient that offers multiple benefits for the skin.
- It helps to regulate oil production.
- It improves skin texture.
- It reduces the appearance of pores and enhances the skin’s barrier function.
- It has anti-inflammatory properties, effectively reducing redness and calming irritated skin.
- It can even help fade hyperpigmentation.
- It can improve the overall tone and brightness of the skin.
On the other hand, hyaluronic acid is a natural substance in the skin.
- It helps retain moisture.
- It can hold up to 1000 times its weight in water. So, it makes hyaluronic acid powder become a powerful hydrating ingredient.
- It can plump and hydrate the skin.
- It can reduce fine lines and wrinkles appear.
- It also improves the skin’s elasticity and smoothness, making it more youthful and soft.
While both niacinamide and hyaluronic acid offer hydration benefits, they work in different ways. Niacinamide primarily regulates oil production and improves the skin’s barrier function. And hyaluronic acid directly hydrates the skin by attracting and retaining moisture.
Regarding usage, niacinamide can be incorporated into a skincare routine as a serum or moisturizer. And about hyaluronic acid, it is commonly found in serums, moisturizers, and even sheet masks.
In conclusion, they all can benefit the skin but target different concerns. If you are looking to address oiliness, enlarged pores, or uneven skin tone, niacinamide may be a better choice. On the other hand, hyaluronic acid would be more suitable to boost hydration, reduce fine lines and wrinkles, or improve skin elasticity. Therefore, it is not better than the other but rather about understanding customers’ skin concerns and choosing the best ingredient to address them.
Skincare Products Formulations References
And, of course, niacinamide and hyaluronic acid can be used together in a skincare routine. They offer different benefits and can complement each other when used together. This combination can be particularly good for those with oily or acne-prone skin because it can help to balance oil production while providing necessary hydration. Nowadays, many skincare products contain these two ingredients, allowing customers to benefit from the advantages of both ingredients.
Besides these two ingredients, they can also be used with other ingredients that benefit the skin. Vitamin C and hyaluronic acid can complement each other’s benefits and provide a powerful skincare combination. VC helps to protect the skin from environmental damage and promote collagen production, while hyaluronic acid can provide intense hydration and improve the skin’s moisture barrier. This combination can result in a brighter, smoother, more hydrated complexion. But some people may experience sensitivity or irritation when using high concentrations of vitamin C. So it’s important to start with a lower concentration. And then gradually increase if tolerated.
The collocation of retinol and niacinamide is also a recommended formulation to complement each other’s effects and enhance results. Combining these two ingredients can help improve overall skin texture, fade hyperpigmentation, and control acne breakouts. And the most important thing is must use sunscreen during the day when using retinol because it can increase the skin’s sensitivity to the sun.
Here are some simple formulations of skincare products.
- niacinamide + hyaluronic acid
- niacinamide + vitamin c
- niacinamide + retinol
- hyaluronic acid + vitamin c
- hyaluronic acid + retinol
- and so on.
Conclusion
In conclusion, niacinamide and hyaluronic acid are beneficial ingredients in skincare products for different functions. It can use them singly or together. And It also can use with other ingredients healthy for the skin, such as vitamin C, vitamin A retinol, etc.
The niacinamide dosage varies depending on the individual’s age, sex, and specific health condition. The recommended daily intake for adults is typically around 14-16 mg for men and 14 mg for women. However, higher doses may be recommended for conditions like high cholesterol or diabetes. In these cases, the recommended dosage ranges from 500 to 2000 mg per day. And too much dosage may lead to side effects like flushing, itching, and liver damage.
There is no specific recommended dosage of hyaluronic acid as it depends on the particular product and formulation. Enough experiment is a good way to ensure the most suitable dosage is in different product formulations.
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