COSMETIC INGREDIENTS MARKET TO REACH USD 15.8 BILLION BY 2027 | CAGR 5.6% – FORENCIS RESEARCH

Cosmetic Ingredients Market - Global Industry Analysis and Forecast 2020 to 2027

Global Cosmetic Ingredients Market: Key Highlights

  • According to the new market research report Cosmetic Ingredients Market by Ingredients (Emollients, Emulsifiers, Surfactants, Antimicrobials, Rheology Modifiers, Active Ingredients), by Application (Skin Care, Hair Care, Oral Care, and Make-Up), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global Cosmetic Ingredients market is estimated to reach USD 15.8 Billion by 2027 at a CAGR of around 5.6% during the review period.
  • Cosmetic Ingredients are blended and formulated to enhance the properties of various cosmetic products. The different categories of ingredients used in the manufacturing of cosmetics include emulsifiers, emollients, rheology modifiers, surfactants, and antioxidants, among others
  • The cosmetic sector has evolved at a rapid pace over the past couple of decades due to augmenting consumer awareness, rapidly changing regulations, and emerging trends
  • Key market players are focusing on offering improved textural experiences and producing sustainable and holistic cosmetic solutions and products

Cosmetic Ingredients Market

Global Cosmetic Ingredients Market: Key Market Dynamics

  • Increasing per capita disposable income along with the growing number of working professionals has raised the spending on personal grooming, which, in turn, is estimated to propel the growth of the market.
  • With the growing GDP and healthy employment in emerging economies, the demand for multipurpose skin-friendly cosmetics is increasing, which is expected to give new momentum to the global cosmetics ingredients market.
  • However, stringent governmental regulations and increasing demand for natural ingredients are the restraining factors for the growth of the cosmetic ingredients market

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Global Cosmetic Ingredients Market: Regional Overview

  • Europe

Europe is expected to account for the largest share in the global cosmetic ingredients market during the forecast period, owing to the presence of key market players including BASF SE, Croda International PLC., Evonik Industries AG and many others. In addition to this, Europe It hosts numerous big beauty brands including L’Oreal and Beiersdorf which is likely to boost the cosmetic ingredients market in the Europe Region. Moreover, Europe has over 4000 companies that manufacturers personal care goods and perform strongly in terms of exports. Thus, the increasing demand for personal care goods and exports in the Europe region will boost product demand.

  • Asia-Pacific

Asia-Pacific is expected to grow at a higher CAGR of cosmetic ingredients market during the forecasted period. This highest growth can be attributed to the growing population and rapid urbanization, along with the increase in per capita spending on personal care products in highly developing economies such as China, South Korea, India, and Indonesia is contributing towards the growth of the cosmetic ingredients market in this region.

Global Cosmetic Ingredients Market: Key Players Overview

  • Ashland:

Ashland is a US-based specialty chemicals company. The company provides products, services and solutions to customers in various industries in over 100 countries. Ashland operates in two segments: Ingredients (Specialty Ingredients) and Intermediates and Solvents. The Company serves customers in a range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. The company operated 58 manufacturing sites and 29 research, development and technical centers, serving customers in more than 100 countries on six continents. In April 2017, Ashland global holdings acquired Pharmachem Laboratories, Inc. (U.S.), a leading provider of ingredients to health & wellness industries and products to fragrance & flavor houses. The acquisition helped the company in increasing its product line.

  • BASF SE

BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide. In April 2017, BASF SE introduced three new ingredients, namely Collalift 18, Oligolin, and Cetiol 4. Collalift 18 and Oligolin, are active ingredients used for reducing signs of ageing. Cetiol 4 is emollient used for various applications such as face care, body care, color care, antiperspirants, and deodorant.

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Rep Id : CM 0146

Published : 2020-08-25

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