The “Specialty Cosmetic Ingredients Industry: Global Industry Analysis 2013–2017 and Forecast 2018–2026” report from Persistence Market Research analyses the specialty cosmetic ingredients market and provides crucial insights for the years 2018–2026. According to the report’s findings, from 2018 to 2026, the specialty cosmetic ingredients market is predicted to expand rapidly, driven by rising demand for conditioning polymers among the various specialty cosmetic ingredients on the market as well as rising demand from skincare and hair care applications. With a CAGR of 4.4% over the course of the forecast period, the market is anticipated to experience significant expansion (2018–2026).
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Innovation and New Product Development to Present Growth Opportunities for Market Players
The global specialty cosmetic ingredients market is fairly large with the presence of global manufacturers such as BASF SE, Croda International Plc., Evonik Industries AG, Akzo Nobel N.V., and Solvay SA, among others. These players are observed to be channelizing efforts to expand in high-growth regions and increase their production capacity to meet the growing demand for specialty cosmetic ingredients.
Besides consolidation, the market has been witnessing prominent growth with the increase in the per capita consumption of cosmetics around the globe. This increase in consumption is aided by the increasing ability of consumers to spend more on personal care and cosmetics, which can further be attributed to the improving economic conditions, globally. Further, the seasonality of cosmetics and personal care products has additionally enhanced the demand for specialty cosmetic ingredients across geographies.
The global specialty cosmetic ingredients market is expected to grow at a high rate, owing to the availability of opportunities in the form of research and development for organic and natural specialty cosmetic ingredients as consumers are increasingly growing more inclined towards the use of cosmetics with natural ingredients. Innovation and new product developments are also expected to present opportunities for market players to further expand their product portfolios in the global specialty cosmetic ingredients market.
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Conditioning Polymers Segment to Remain Prominent in Specialty Cosmetic Ingredients Market
The global specialty cosmetic ingredients market has been segmented on the basis of product type into the various types of specialty cosmetic ingredients that are utilized to add unique properties to the end products. On the basis of product type, the global specialty cosmetic ingredients market has been segmented into different personal care applications.
The conditioning polymers segment accounts for a prominent market share, owing to the extensive use of conditioning polymers in cosmetics to impart water resistance to the end product
The surfactants segment accounts for a significant share of the market and among all its sub-segments, the anionic sub-segment is expected to hold a high share in the global specialty cosmetic ingredients market share during the forecast period. This can be attributed to the extensive use of anionic surfactants in personal care products, owing to their unique foaming properties
On the basis of end-use application, hair care and skincare segments accounted for prominent shares in the global specialty cosmetic ingredients market as of 2017. With the rising demand for skincare cosmetics, the skincare segment is expected to attain a high market share by the end of 2026
Specialty Cosmetic Ingredients Market: Vendor Insights
The report highlights some of the leading companies operating in the global specialty cosmetic ingredients market, such as BASF SE, Croda International Plc., Evonik Industries AG, Akzo Nobel N.V., Solvay SA The Dow Chemical Company, Lonza Group, Eastman Chemical Company, Clariant AG, Ashland Global Specialty Chemicals Inc. and Innospec Inc., among others.
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