Global Personal Care Ingredients Market: Key Highlights
Global Personal Care Ingredients Market: Key Market Dynamics
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Global Personal Care Ingredients Market: Regional Overview
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 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 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 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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