Personal Care Ingredients Market to Witness Robust Growth by 2027
Ever-changing consumer requirements along with rising purchasing power of consumers in developing economies are driving the global personal care ingredients market.
Posted 2 лет назад in Новости и политика.
The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global personal care ingredients market would reach value of USD 15.12 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to changes in consumer lifestyle and their purchasing behavior. Rising awareness regarding hygiene and health has driven sales of personal care products with high-quality ingredients. Increasing investments in research and development activities by manufacturers of personal care products to produce eco-friendly and sustainable products are driving the market for personal care ingredients. Growing desire for self-care and health-promoting products among consumers is contributing to the demand for personal care products.
Increasing utilization of natural ingredients in the personal care industry is expected to drive the advancement of personal care ingredients. Growing awareness among consumers regarding the hazards posed by synthetic chemicals has restrained the use of chemical-infused products and increased the use of natural products. Rising demand among new-generation consumers for personal care products with greater transparency due to growing awareness regarding the environment has driven the usage of natural personal care products.
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Key Highlights of Report
- In June 2019, siHealth Ltd., a U.K.-based healthcare company, collaborated with BASF SE, which included an equity investment. This collaboration is expected to help BASF solely deliver satellite and optronic technologies to the global personal care industry. The collaboration is expected to extend the offerings of BASF and help in the development of new solutions.
- The skincare segment held the largest market share of 39.2% in 2019. Increasing demand for anti-aging ingredients among elderly population for attaining rejuvenated skin is driving the utilization of personal care ingredients in skincare applications.
- The conditioning polymers segment is anticipated to expand at the most rapid CAGR of 5.5% during the forecast period. Rising demand among consumers for safe, multifunctional, and natural ingredients is expected to drive the conditional polymers segment in the near future.
The report analyzes the strategic alliances observed in the market for new products, partnerships, and collaborations between key players.
Key market participants include Dow, BASF SE, Clariant AG, Solvay S.A., Ashland Global, Evonik Industries AG, Lubrizol Corporation, Nouryon, Lonza Group AG, and Croda International
The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the forensic tech market expected to boost the growth of the industry in the coming years.
Emergen Research has segmented the global personal care ingredients market in terms of application, ingredient type, and region:
Application Outlook (Revenue, USD Billion; 2017–2027)
- Hair Care
- Make-up
- Skin Care
- Oral Care
- Others
Ingredient Type Outlook (Revenue, USD Billion; 2017–2027)
- Emulsifiers
- Conditioning Polymers
- Surfactants
- Rheology Modifiers
- Emollients
- Others
Key takeaways of the Global Personal Care Ingredients Market report:
- The report sheds light on the fundamental Personal Care Ingredients market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading market regions.
- It examines the latest research & development projects and technological innovations taking place in the key regional segments.
- The research report reviews the regulatory framework for creating new opportunities in various regions of the Personal Care Ingredients market
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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