Due to increased demand for cosmetic products, the cosmetics industry has been on the rise since the last decade. Furthermore, increased awareness of the importance of skin care has boosted the market for skin care products. The aluminium salt of the reaction product of anhydride octenylsuccinate with starch is aluminium starch octenylsuccinate. Because of its widespread use in the cosmetics and skincare industries, demand for aluminium starch octenylsuccinate is expected to rise during the forecast period.
Lotions, dry shampoo, moisturisers, lipsticks, and other cosmetic products contain aluminium starch octenylsuccinate as an anti-caking and viscosity-increasing agent. It also gives products spreadability, long-lasting properties, and a velvety touch. Because it increases the sun protection factor by 30 to 40%, aluminium starch octenylsuccinate is widely used in sunscreens.
COVID-19’s impact on the market for Aluminium Starch Octenylsuccinate
The government-imposed lockdown has disrupted the supply chain for cosmetics and skincare products, resulting in a slow increase in demand for aluminium starch octenylsuccinate. Furthermore, the production of various cosmetics and skin care products has slowed, reducing demand for aluminium starch octenylsuccinate. Once the pandemic is over, demand for cosmetics and skin care products is expected to rise at a steady rate, owing to trends toward health consciousness brought on by changes in consumer behaviour as a result of COVID-19.
Segmentation of Aluminium Starch Octenylsuccinate Market
Based on the types aluminium starch octenylsuccinate market is classified based on product type and application. Most of market is captured by aluminium starch octenylsuccinate powder.
- Food Grade aluminium starch octenylsuccinate
- Cosmetic grade aluminium starch octenylsuccinate
- Cosmetics products
- Personal Care products
- Skin care products
One of the factors contributing to the growth of the cosmetics and skin care industry in developed economies is a growing awareness of skincare, haircare, and climate change due to pollution. Expanding product applications for aluminium starch octenylsuccinate, as well as various technological advancements in biotechnology, have aided the growth of the aluminium starch octenylsuccinate market in regions such as North America, Europe, and Asia.
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