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Sep 12, 2022, 08:02 ET
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Europe is expected to possess 30.4% market share for personal care ingredients market in 2022. North America is expected to hold 21.3% market share for personal care ingredients market in 2022. Asia Pacific personal care ingredients market is expected to procure 25% market share for in 2022.
NEWARK, Del., Sept. 12, 2022 /PRNewswire/ — The global personal care ingredients market is projected to reach a value of US$ 19,452 Mn in 2032, with the market growing at a moderate CAGR of 4.9% over the forecast period of 2022 to 2032. Climbing up from a value of US$ 12,056.20 Mn in 2022, the personal care ingredients market is likely to be driven by the heightened emphasis on personal care and self-grooming.
The increasing investments in research and development of skin-specific products is supposed to augment the market expansion of personal care ingredients over the projected period.
Personal care ingredients are synthetic chemicals that are utilized in different cosmetics and beauty products. People now have access to a variety of international personal care ingredients owing to rising globalization and escalating digitalization. People all over the globe are aware of various regional personal care ingredients due to a combination of globalization and technology. This bodes well for the future prospects of the personal care ingredients market.
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The immense stress on hygiene and grooming along with a desire to look good across all age groups is propelling the market growth of personal care ingredients market. The escalating influence of social media also creates an emphasis on personal care which facilitates the growth for the personal care ingredients market. Moreover, rising start-up activity with regards to product innovation keeping in mind the different skin types and age group will positively influence the target market growth.
Changing consumer preferences coupled with an urban and active lifestyle, especially of the younger generation, has generated more market possibilities. Conventionally, these ingredients have registered a steady demand, however, in the past few years, shifting consumer preference toward herbal and organic, has altered the status quo.
The growing inclination for herbal and organic products may further stimulate the demand for personal care ingredients in the market. At the same time, a growing awareness among consumers about the harmful effects of some of these personal care ingredients may stunt the market growth for the personal care ingredients.
“Rising focus on personal hygiene and grooming activities across all age groups and genders is expected to strengthen the market growth of personal care ingredients over the forecast period,” says an FMI analyst.
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Croda International plc. (U.K.), BASF SE (Germany), Ashland Global Inc. (U.S.), Evonik Industries AG (Germany), Akzo Nobel N.V. (Netherlands), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Lonza Group Ltd. (Switzerland) and Solvay SA (Belgium) and Beiersdorf., and others, are some of the major players in the personal care ingredients market that are profiled in the full version of the report.
Major market players are focusing on product innovation and development as well as employing a more environment-friendly operations strategy to strengthen their market penetration.
More Insights into the Personal Care Ingredients Market Report
In its latest report, FMI offers an unbiased analysis of the global personal care ingredients market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of product type (emollients, surfactants, emulsifiers, antimicrobials, UV absorbers, conditioning polymers, rheology modifiers, colorants and preservatives), application (skin care, make-up, oral care, hair care), consumer (personal care manufacturer, chemical industries, end-use industries), and region.
According to the latest FMI reports, based on region, the personal care ingredients market in the U.S is predicted to present substantial growth over the forecast period. The presence of a massive consumer base coupled with heightened demand for skin care products will propel the country’s personal care ingredients market to grow during this period of observation.
The personal care ingredients market in Europe is expected to account for 30.4% of the overall market share in 2022 and continue its streak of growth over the assessment period. The release of a wide range of products for all age groups is expected to fuel the regional market growth.
Based on segmentation, by product type, the emollients segment will likely rule the market, accounting for 35% of the global market share in 2022.
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Key Segments Profiled in the Personal Care Ingredients Industry Survey
Personal Care Ingredients Market by Application:
Personal Care Ingredients Market by Product Type:
Personal Care ingredients by Consumer:
Personal Care Ingredients by Region:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
126.96.36.199. Mid-Level Participants (Traders/ Agents/ Brokers)
188.8.131.52. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Personal Care Ingredients Market Analysis 2016-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2016-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
Explore wide-ranging Coverage of FMI’s Chemicals & Materials Market Insights Landscape:
Cosmetic Chemicals Market: The cosmetic chemicals market is likely to be valued at US$ 15.89 Billion in 2022 and is expected to reach US$ 26.84 Billion by 2032, growing at a CAGR of 5.4% during the forecast period.
ASEAN Cosmetic Chemicals Market: ASEAN Cosmetic Chemicals Market growing beauty products market has been increasing the demand for value-enriched cosmetics. The market is flooded with various cosmetic chemicals.
Super Absorbent Polymers Market: Super absorbent polymers market sales will increase at 4.9% CAGR between 2021 and 2031. The market is set to benefit from increasing application across diverse industries. Among all, application in disposable diapers manufacturing will account for over 76% sales in 2021.
Agricultural Colorants Market: Agricultural colorants market players are seen working on exploring the possibilities of the future aspects of the agricultural colorants owing to their wide applicability.
UV Absorbers Market: UV absorbers market provide protection to polyurethanes against photo degradation by competing with the polymer for absorption of ultraviolet light.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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