Personal Care Ingredients Market Is Estimated To Reach USD 12.7 Billion By 2024

Global Personal Care Ingredients Market: Key Highlights

According to the new market research report “Personal Care Ingredients Market by Raw Material (Emulsifiers, Surfactants, Emollients, Rheology Control Agent, Conditioning Polymer, UV Absorber, Others), by Type (Natural, Organic, Synthetic), by Application (Skin Care, Hair Care, Oral Care, Makeup, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2019 to 2024)”, the global personal care ingredients market is estimated to reach USD 12.7 Billion by 2024 at a CAGR of around 12.7% during the review period.
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.

Personal Care Ingredients Market

Global Personal Care Ingredients Market: Key Market Dynamics

Growing demand for multifunctional ingredients and excipients in order to optimize multifunctional personal acre formulation to fulfill needs of both customers and manufactures has expected to dive the market growth
emergence of conscious male consumers is expected to boost the market growth in male-focused grooming products during the forecast period
The availability of false products in the market space is one of the major factors which may hinder the growth of the product market

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Global Personal Care Ingredients Market: Regional Overview

North America

North America cosmetics & personal care ingredients market is a mature market for cosmetic products. The US is the largest exporters of cosmetics in countries such as India, Japan, China, Mexico, Brazil, among others. The US cosmetic industry is highly investing in R&D to develop innovative products and beauty devices which is accelerating the cosmetics & personal care ingredients market during the forecast period.

Asia-Pacific

Asia-Pacific will experience a steady growth in the global personal care ingredients market owing to the factor that it is the highest consumer of these ingredients. Rising disposal income and increased spending power of consumer positively impact the global personal care ingredients market.

Global Personal Care Ingredients Market: Key Players Overview

Cargill, Incorporated:

Cargill, Incorporated operates through food ingredients & bio-ingredients, animal nutrition, protein & salt, agriculture & salt, agriculture supply chain, and metals & shipping. The company has its presence in more than 70 countries across the globe. In 2019, the company generated revenue of USD 113.5 billion.

BASF SE:

BASF SE operates through various business segments namely chemicals, materials, industrial solution, surface technologies, nutrition & care, and agriculture solutions. In April 2017, BASF SE introduced three new ingredients, 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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