Market Research Report
Personal Care Ingredients Market by Source, Ingredient Type, and Application : Global Opportunity Analysis and Industry Forecast 2020-2027
|Personal Care Ingredients Market by Source, Ingredient Type, and Application : Global Opportunity Analysis and Industry Forecast 2020-2027|
Published: July 1, 2020
Allied Market Research
Content info: 428 Pages
Delivery time: 2-3 business days
Personal Care Ingredients Market by Source (Natural Ingredients and Synthetic Ingredients), Ingredient Type (Rheology Control Agents, Emollients, UV Absorbers, Surfactants, Emulsifiers, Antimicrobials, Hair Fixative Polymers, and Conditioning Polymers), and Application (Skin Care, Hair Care, Toiletries, Makeup, Fragrances, and Oral Care): Global Opportunity Analysis and Industry Forecast 2020-2027.
The global personal care ingredients market was valued at $10.3 billion in 2019, and is projected to reach $14.6 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
Personal care products that we used in our daily life including skin care, hair care, cosmetics, and other hygiene products need the personal care ingredients for their production. The personal care ingredients such as undifferentiated bulk chemicals or specialty chemicals including emulsifiers, surfactants, antimicrobials, and others are used to produce skin care and other personal care products. The key factors that drive the growth of the personal care ingredients market include rise in disposable incomes and change in the standard of living of customers. In addition, increase in consumer awareness toward multi-purpose products fuels the personal care ingredients market growth in the upcoming years. However, stringent government regulations toward the synthetic personal care ingredients across the globe is restraining the growth of the market during the analyzed timeframe. Moreover, side effects of chemical based personal care products is expected to hamper the market growth in the upcoming years.
The global personal care ingredients market is segmented on the basis of source, ingredients type, application and region. On the basis of source, the market is bifurcated into natural ingredients and synthetic ingredients. Depending on type, the personal care ingredients market is divided into rheology, control agents, emollients, UV absorbers, surfactants, emulsifiers, antimicrobials, hair fixative polymers, and conditioning polymers.
By application, the market is segmented into skin care, hair care, toiletries, makeup, fragrances, and oral care. Skin care is further sub-segmented into men, baby, sun care, hand/body lotion, and facial treatment. Facial treatment is further divided into anti-aging and others. Region wise, the personal care ingredients market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The ingredient group covered in the market analysis is as shown below in the Figure 01.
The key players operating in the global personal care ingredients market are Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc. (The Lubrizol Corporation), Clariant AG, Croda International Plc, DOW, Inc., Evonik Industries AG, J.M. Huber Corporation, KCC Corporation (Momentive Performance Materials), and Solvay S.A. Other companies in accordance with personal care ingredients market are Wacker Chemie AG, Akzo Nobel N.V., Huntsman International, Cargill, Inc., Lonza Group, and others.
KEY BENEFITS FOR STAKEHOLDERS
IMPACT OF COVID-19 ON THE PERSONAL CARE INGRIDENTS MARKET:
KEY MARKET SEGMENTS