09-Mar-2021 | Market Research Store
The Global Personal Care Ingredients Market Is Powered By the Rising Urbanisation, An Increase In The Number Of Working Women, Evolving Diets, And Increased Awareness Of Grooming And Skin Care Are Driving Personal Care Ingredients Growth Across The World.
Personal care products have become an integral part of the consumer's life in recent years. Shampoos, soaps, anti-aging skin creams, hair powder, sunscreen cosmetics, liquid soaps, moisturizing lotions, hair oil, and a variety of other products are among them. Synthetic chemicals are generally avoided in personal care products in favor of bio-based and natural ingredients. Due to rising consumer awareness, several companies have begun to use only natural ingredients in their personal care products. Shampoo, creams, lotions, soaps, hair gels, and other personal care products are a necessary part of everyone's life. They are used for personal grooming and cosmetic purposes.
In 2019, demand for the personal care ingredients market was projected at around USD 11.0 billion, and current and expected developments by 2026 would reach an estimated USD 14.9 billion. Companies and experts predict around 4.6% growth in the worldwide personal care ingredients market in terms of CAGR. The Rising Urbanisation, An Increase In the number of working women, evolving diets, and increased awareness of grooming and skincare, and the investments, funds, and grants from organizations are expected to fuel the growth of personal care ingredients in the upcoming years.
Some of the leading and top companies in the personal care ingredients market contain Evonik Industries, Wacker Chemie AG, BASF SE, Momentive Performance Materials Inc., Croda International Plc, Clariant, Dow Corning, Ashland Inc, Solvay S.A., and J.M. Huber Corporation, among others. The major leading players operating in the market are prominently focusing on joint-venture and acquisition. For Instance, in January 2021, Custom Chemical Services, Inc., a strong regional specialty chemical and additives dealer headquartered in Medley, Florida, has been acquired by LBB Specialties LLC.
The demand for personal care ingredients is anticipated to be driven by the region's growing urbanization, an increase in the number of working women, Increasing consumer income levels in the developing countries and higher demand for personal care products. Consumers' evolving lifestyles and rising buying power in developed countries, as well as strong growth in multifunctional personal care ingredients, are driving the personal care ingredients market. To expand their trade reach, companies in the worldwide personal care ingredients market are collaborating with regional agencies. Companies are now concentrating on collaborations, introducing new solutions and enhancing their offerings in order to capture more market share. To offer a high-quality, personalized experience, major beauty brands have expanded their investment and are embracing technology like artificial intelligence (AI) and augmented reality (AR). as well as increasing awareness of hygiene and personal health among individuals, are expected to influence the demand for personal care ingredients. The growing public awareness of the chemicals and other additives used in cosmetics would have a positive effect on the product market. The personal care ingredients demand would be driven by the geriatric population's increased interest in anti-aging products. The natural personal care industry will continue to grow as people become more tolerant of synthetic chemicals. These are the main factors driving the personal care ingredients market in the forecast period from 2020 to 2026. However, the market's growth will be constrained by the side effects of chemical-based personal care products and strict government regulations during the forecast period. In the global personal care ingredients market, advances in skincare products increased health consciousness, and increased demand for personal care products are projected to generate opportunities over the forecast period.
Browse the full “Personal Care Ingredients Market Chemical Function and Properties (Chelating Agents, Cream Bases, Active Ingredients, Protein Products, Lipid Layer Enhancers, Humectants, Shine Concentrates, Thickeners, Waxes, Opacifiers, and Others), Application (Skin Care, Oral Care, Hair Care), Product (UV Absorbers, Antimicrobials, Emollients, Conditioning Polymers, Hair Fixative Polymers, Emulsifiers, Surfactants, Rheology Control Agents): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/personal-care-ingredients-market-828546
The personal care ingredients market is bifurcated as a product, chemical function and properties, application, and region. By product segment, the market is segmented into antimicrobials, UV absorbers, conditioning polymers, emollients, emulsifiers, hair fixative polymers, surfactants, and rheology control agents. By chemical function and properties segment, the market is segmented into cream bases, chelating agents, protein products, active ingredients, humectants, lipid layer enhancers, thickeners, shine concentrates, opacifiers, waxes, and others. By application segment, the market is segmented into haircare, skincare, and oral care.
In terms of geography, Europe represents a higher demand for the personal care ingredients market followed by the North American region. In Europe and North America, there is a growing market for higher-quality personal care ingredients, which fuels demand for personal care ingredients. The desire of consumers for bio-based and safe personal care ingredients presents growth potential for personal care product manufacturers. Furthermore, the Asia Pacific region is the most rapidly developing region in the personal care ingredients industry. Increased demand for personal care ingredients from various premium brands such as skincare, haircare, oral care, make-up, and others is expected to drive the industry. In order to drive the province's demand for personal care ingredients, the heavy participation of prominent suppliers of personal care ingredients, the investment of private companies in the development and growth of R&D activities are all prepared. In emerging regions such as the Asia Pacific, the demand for personal care ingredients is expected to have a positive outlook during the forecast period.
Regional Segment Analysis
Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.
Market Research Store
244 Fifth Avenue, Suite N202
New York, 10001, United States
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651