The Global Personal Care Ingredients Market would reach value of USD 15.12 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to changes in consumer lifestyle and their purchasing behavior. Rising awareness regarding hygiene and health has driven sales of personal care products with high-quality ingredients. Increasing investments in research and development activities by manufacturers of personal care products to produce eco-friendly and sustainable products are driving the market for personal care ingredients. Growing desire for self-care and health-promoting products among consumers is contributing to the demand for personal care products.
Increasing utilization of natural ingredients in the personal care industry is expected to drive the advancement of personal care ingredients. Growing awareness among consumers regarding the hazards posed by synthetic chemicals has restrained the use of chemical-infused products and increased the use of natural products. Rising demand among new-generation consumers for personal care products with greater transparency due to growing awareness regarding the environment has driven the usage of natural personal care products.
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The leading market contenders listed in the report are:
Dow, BASF SE, Clariant AG, Solvay S.A., Ashland Global, Evonik Industries AG, Lubrizol Corporation, Nouryon, Lonza Group AG, Croda International
Key Highlights of Report
- In June 2019, siHealth Ltd., a U.K.-based healthcare company, collaborated with BASF SE, which included an equity investment. This collaboration is expected to help BASF solely deliver satellite and optronic technologies to the global personal care industry. The collaboration is expected to extend the offerings of BASF and help in the development of new solutions.
- The skincare segment held the largest market share of 39.2% in 2019. Increasing demand for anti-aging ingredients among elderly population for attaining rejuvenated skin is driving the utilization of personal care ingredients in skincare applications.
- The conditioning polymers segment is anticipated to expand at the most rapid CAGR of 5.5% during the forecast period. Rising demand among consumers for safe, multifunctional, and natural ingredients is expected to drive the conditional polymers segment in the near future.
- Europe accounted for the largest share of the global personal care ingredients market in 2019. Increasing interest of cosmetics companies in the region to replace synthetic ingredients with natural variants is contributing to the market in the region.
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Emergen Research has segmented the global personal care ingredients market in terms of application, ingredient type, and region:
Application Outlook (Revenue, USD Billion; 2017–2027)
- Hair Care
- Make-up
- Skin Care
- Oral Care
- Others
Ingredient Type Outlook (Revenue, USD Billion; 2017–2027)
- Emulsifiers
- Conditioning Polymers
- Surfactants
- Rheology Modifiers
- Emollients
- Others
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
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Key Questions Answered in the Report:
- What will be the estimated growth rate of the Personal Care Ingredients market by 2027?
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of the Personal Care Ingredients market throughout the forecast period?
- What are the current and future market trends of the Personal Care Ingredients market?
- What are the sales and price analysis of the product by types, applications, and regions?
- What are the expected opportunities for the companies and new entrants in the coming years?
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