Personal Care Ingredients Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Personal care ingredients are the raw materials for skin care products around the world. These ingredients can be used in skin care products such as anti-fungal, anti-aging, and skin care. It can also be divided into active and inactive ingredients. The Personal Care Ingredients Market is expected to grow at a strong CAGR of around 5% owing to the changing lifestyles and increasing purchasing power of consumers in developing countries and the rapid growth of multifunctional personal care ingredients. Furthermore, factors such as the consumer preference toward bio-based and natural personal care ingredients, and the increasing demand and production of skincare and hair care products are also influencing the growth of the personal care ingredients market. For instance, according to the American Society of Plastic Surgeons, in the US, nearly 18 million minimally invasive and surgical cosmetic products were performed in 2020, out of which nearly 16 million products were minimally invasive. Further, the personal care ingredients market is segmented by ingredient type and application.

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Based on ingredient type, the market is classified into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. The emollient segment catered to a significant share of the personal care ingredients market in 2020. Emollients are the most widely used ingredients in the personal care market due to their wide range of applications including skin care, hair care, oral care, makeup, and toiletries. In addition, its soothing and smoothing properties, which form a protective barrier on the surface of the skin, drive its demand.

Based on application, the market is divided into skin care, hair care, oral care, and make-up. The demand for personal care ingredients is comparatively higher in skin care applications. This segment caters to various skin-related requirements such as anti-ageing, anti-acne, and sun protection. The rising demand for skin care products, body lotion, facial creams, and others from consumers across the globe. In addition, the use of innovative ingredients has created new personal care ingredients market trends.

Europe captured a significant share of the market in 2020

Europe captured a prominent share of the market in 2020. This is due to the presence of a well-established healthcare infrastructure and the growing demand for personal care ingredients from various luxury products such as skin care, hair care, oral care, and makeup. In addition, the high purchasing power of consumers in the region and the growing demand for natural cosmetics with high-quality products are driving the growth of personal care ingredients in Europe. Furthermore, regulatory approvals and new product launches are also expected to drive the region’s growth in the forecast period.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share include BASF SE, Ashland Global Specialty Chemicals Inc., Solvay SA, Dow Chemical Company, Clariant AG, Croda International plc, Evonik Industries AG, Lonza Group, Adeka Corp., and Wacker Chemie AG.

“Global Personal Care Ingredients Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Ingredient Type (Emollients, Surfactants, Rheology Modifiers, Emulsifiers, and Conditioning Polymers)

2.      By Application (Skin Care, Hair Care, Oral Care, And Make-up)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (BASF SE, Ashland Global Specialty Chemicals Inc., Solvay SA, Dow Chemical Company, Clariant AG, Croda International plc, Evonik Industries AG, Lonza Group, Adeka Corp., and Wacker Chemie AG)

Key questions answered in the study:

1.      What are the current and future trends of the global personal care ingredients industry?

2.      How the industry has been evolving in terms of ingredient type and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global personal care ingredients industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global personal care ingredients suppliers across various regions and countries?