The Global Personal Care Ingredients Market is estimated to reach USD 12.7 Billion by 2024 at a CAGR of 5.8 %.
Personal Care Ingredients are raw materials used in the manufacturing of personal care products. They enhance the collagen production, fight inflammation, oppose glycation, free radical damage, and impart similar other properties to the application areas. Active Ingredients and Inactive Ingredients are two major types of Personal Care Ingredients. Inactive ingredients provide physical and process able properties while active ingredients impart active properties to a product that results in long term benefits upon application. The Personal Care Ingredient market is governed by an emphasis on product differentiation and value addition through increased R&D expenditure.
Market Drivers:
Multifunctional ingredients help to optimize multifunctional personal care formulations while fulfilling the need of both consumers and manufacturers. The multifunctional products consist of both active as well as specialty chemicals. The active multifunctional ingredients can provide more than one particular function at a time. For instance, the blemish balm (BB) creams offer multifunctional benefits and aligning skincare with makeup coverage. However, increasing consumer expectations with respect to product advancement have surged the demand for multifunctional personal care products. For example, two in one shampoo, body wash with moisturizer and similar other products are expected to drive the demand for multifunctional ingredients.
Hence, the growing demand for multifunctional ingredients and excipients is expected to drive the personal care ingredients market during the forecast period.
Men nowadays are more focused on wellness, health, and style and tend to invest more in personal grooming. Companies have involved in developing a wide range of products that address a variety of men’s functional concerns. Moreover, the growth of online retail for personal care products has boosted the growth of men’s grooming where most of the young population prefer buying personal products online.
Thus, the emergence of conscious male consumers is expected to boost the market growth in male-focused grooming products during the forecast period.
Market Restraints:
The beauty products industry is massive and involves products from teeth whitening toothpaste to expensive shampoos. However, there is a presence of established players along with the local players within this market. Products manufactured from original raw materials are expensive and are not affordable to people with lower incomes. Thus, some players forge the product which may be less costly but can hamper human health.
However, the availability of false products in the market space is one of the major factors which may hinder the growth of the product market.
The report on the personal care ingredients market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Raw Materials, Product Type, Application, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Personal Care Ingredients Market, by Raw Materials
Personal Care Ingredients Market, by Product Type
Personal Care Ingredients Market, by Application
Personal Care Ingredients Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Multifunctional Ingredients and Excipients
4.2.2. Growing Awareness of Men’s Grooming Products
4.3 Restraints
4.3.1. Threat of Pseudo Products
4.4 Opportunities
4.4.1. Growth Opportunities from Emerging Economies
4.4.2. Rise in Healthcare Awareness
4.5 Challenges
4.5.1 Stringent Government Regulations
4.5.2 Increasing Demand for Natural and Organic Ingredients
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 PERSONAL CARE INGREDIENTS MARKET BY RAW MATERIAL, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Emollients
6.3 Emulsifiers
6.4 Surfactants
6.5 Conditioning Polymers
6.6 UV Absorbers
6.7 Rheology Control Agents
6.8 Others
7 PERSONAL CARE INGREDIENTS MARKET BY PRODUCT TYPE, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Synthetic
7.3 Natural
7.4 Organic
8 PERSONAL CARE INGREDIENTS MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Skin Care
8.3 Oral Care
8.4 Hair Care
8.5 Makeup
8.6 Others
9 PERSONAL CARE INGREDIENTS MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Cargill, Incorporated
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 BASF SE
11.3 Solvay SA
11.4 Clariant
11.5 Croda International Plc
11.6 Evonik Industries AG
11.7 Wacker Chemie AG
11.8 Lonza
11.9 Huntsman International LLC
11.10 Ashland
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain