Market Overview:
Cosmetics & personal care
ingredients are blended and formulated to enhance the properties of various
cosmetic products. Owing to the rising sales of beauty enhancing products,
worldwide, the global cosmetics and personal care ingredients market has become
a vibrantly growing space. According to Market Research Future (MRFR), the
valuation of global cosmetics and personal care ingredients market is estimated
to reach USD 14,170.26 MN by 2025. In its recent industry analysis, MRFR
asserts that the market would register over 5.78% CAGR throughout the review
period (2017 – 2025).
Increasing consumers’ reliance on
cosmetics for building up self-esteem & enhancing their social lives drives
the market growth predominantly. For their health & personal hygiene,
people are increasingly relying on personal care products. Rising consumption
of cosmetics & personal care products among the working population is a significant
growth driver for the market. Skincare, multipurpose, and skin lightening
products witness augmenting sales throughout the year, which drives huge market
demand. Furthermore, the hectic and heady lifestyle of people that leads them
to simplify their daily beauty routines with using cosmetics increases the
market size of cosmetics & personal care ingredients. The popularity of
multipurpose products is on a constant rise as they provide several benefits at
once, such as anti-aging, moisturizing, cleansing, UV protection, and
antioxidant. With this trend, the consumption of multipurpose products is
rising and expected to increase the consumption of cosmetics & personal
care ingredients.
On the other hand, reported cases
of allergies and adverse effects related to the use of some ingredients might
act as a major headwind for the growth of the market.
Major Players:
·
Akzo Nobel NV
·
BASF SE
·
Croda International Plc
·
Eastman Chemical Company
·
Dow
·
SABIC
·
Sinerga SpA
·
Symrise
·
Coptis
·
Pharmacos
Cosmetics & Personal Care
Ingredients Market - Segments
MRFR has segmented the report
into four market dynamics to widen the scope of understanding,
By Type :
Glycerols, Formaldehyde, Titanium Dioxide, Alcohols, Isopropyls, Dimethicone,
Parabens, Sodium Lauryl Sulphate, Tocopherols, Oleochemical, Benzones,
Surfactants, Botanical Extracts, Polymer, and others.
By Application : Emulsifiers
& Stabilizer, Preservatives, Thickeners, Moisturizers, Emollient, and
others.
By End-use : Skincare, Haircare, Fragrance, Bath & Shower, and
others.
By Regions :
Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World
Cosmetics & Personal Care
Ingredients Market - Competitive
Analysis
Highly competitive, the cosmetics
& personal care ingredients market appears fragmented with the many notable
players. Encouraged by the continually changing consumers’ preferences &
demands, manufacturers operating in the market come up with variations such as
with a different type of preservative, with longer-lasting effects, etc. Thus,
the industry is ready to invest time & money in R&D required for
further formulation work. They also try to expand their business by entering
emerging markets like Latin America, Africa, and APAC.
Industry/Innovation/Related
News:
December 17, 2019 ---- Milk
Makeup (the US), the makeup & skincare division of Milk Group, announced
its strategic partnership with Amorepacific Group (South Korea), a global
beauty conglomerate. Amorepacific has partnered with two private equity
investment firms Main Post Partners and Alliance Consumer Growth, forming a
strategic partnership to help forge a path for Milk Makeup as they enter the
South Korean marketplace.
This strategic partnership would
benefit Milk Makeup with Amorepacific’s significant expertise and resources to
succeed in a highly competitive & incredibly innovative South Korean beauty
market. And Milk Makeup will share the strategies that have made it one of the
fastest-growing color brands in the US.
Milk Makeup is recognized for its
innovative formulas and clean ingredients. Amorepacific has its research hubs
located around the world, which are dedicated to sustainable R&D, combining
the best of natural Asian ingredients & advanced biotechnology.
Cosmetics & Personal Care
Ingredients Market - Regional Analysis
North America and Europe are
thriving markets for Cosmetics
& Personal Care Ingredients. The US is the largest exporter of
cosmetics among other countries such as India, China, Japan, Mexico, and
Brazil. The country’s cosmetic industry is making significant investments in
R&D to develop innovative beauty care products, which is projected to
accelerate the growth of the regional market. Cosmetics & personal care
ingredients markets in North American & Europe are expected to grow at a
phenomenal CAGR during the assessment period (2017 - 2025).
The Asia Pacific region holds a
unique position in the global cosmetics and personal care ingredients market.
People in this region are reliant primarily on personal care products for
health & personal hygiene. They consider cosmetics as an important element
for building up self-esteem & enhancing their social lives. The APAC
cosmetics and personal care ingredients market is likely to grow further,
breaking its previous growth records by 2025.
The market report for the
cosmetics and personal care ingredients market includes the Middle East &
Africa region is a briskly growing market. Especially the Middle East is a
massive market for cosmetics products. Every year, there is a substantial rise
in the sales of beauty care products in the Middle Eastern markets.
Resultantly, the MEA cosmetics and personal care ingredients market is
estimated to grow at a healthy CAGR during the review period.
Coronavirus Outbreak and Plastic Films Market @ https://www.marketresearchfuture.com/report/covid-19-impact-plastic-films-market
COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market@ https://www.marketresearchfuture.com/report/covid-19-impact-pvc-market
No comments:
Post a Comment