Biotechnology is booming, driven by consumer demand for natural and sustainable yet effective cosmetic products. According to Grand View Research, the biotech ingredients market for flavors, fragrance and cosmetics is projected to expand at a CAGR of 7.8% from 2024 to 2030. Fermented ingredients in particular are expected to grow at a CAGR of 9.3% across industries between 2024 and 2028 to reach US $54.44 billion, per The Business Research Company.
Register now for a FREE webcast on biotech in beauty, sponsored by Xylome. Watch it live on Dec. 5, 2024, at 12:00 EST, or on demand after the event.
Tammy Yaiser is a product innovator who previously formulated for Algenist. She observed, "...over the last decade or so, incredible advancements have been made with the tools available to research and grow ingredients in the lab, instead of sourcing them from the environment. This is where biotechnology fits into beauty today – and in the future in many exciting ways, across ingredients, formulation and packaging, and spanning virtually all categories."
Fermented ingredients are expected to grow at a CAGR of 9.3% across industries (including cosmetics) between 2024 and 2028 to reach US $54.44 billion.Image by Yulia Panova at Adobe Stock
She added that biotechnology offers the potential to replicate and replace commonly used ingredients with more sustainable alternatives. And that it provides a pathway to discover and create new ingredients that fuel formulations with yet-to-be-imagined benefits.
Biotech in beauty is the subject of a FREE upcoming webcast sponsored by Xylome, titled "Reinventing Oils for Cosmetics: Crafting Sustainable Oils Through Precision Fermentation." Held Dec. 5, 2024, at 12:00 p.m. EST, the presentation will provide an overview of how biotechnology, including precision fermentation, is transforming the beauty industry by creating sustainable, high-performance ingredients.
In addition, it will examine the environmental and ethical issues associated with conventional oils like palm oil, highlighting:
- deforestation,
- biodiversity loss and
- labor concerns.
It will then offer two alternative solutions – Xylome's Yoil and Yoil-Cream, which provide eco-friendly options for various cosmetic applications including lip balms and skin care.
Register now for the FREE webcast sponsored by Xylome. Join us live on Dec. 5, 2024, at 12:00 EST, or watch it on demand following the event.
