Market Research Report
Personal Care Ingredients Market Size, Share and Industry Analysis Report by Product and Application, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030
|Personal Care Ingredients Market Size, Share and Industry Analysis Report by Product and Application, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030|
Published: July 18, 2022
Global Market Insights Inc.
Content info: 315 Pages
Delivery time: 2-3 business days
The global personal care ingredients market is expected to grow at an exponential rate through 2030 owing to growing prominence of personal grooming in key regions. In addition, technological advancements in ingredients processing, coupled with the expanding cosmetics sector, are poised to propel market growth through the analysis timespan.
Recently, surging customer preference for natural ingredients, especially those derived from plants, in personal care and escalating demand for brands that incorporate natural ingredients and maintain ingredient transparency have bolstered product uptake. Furthermore, mounting launches of innovative technologies in the personal care industry have also been favorable for personal care ingredients market growth.
For instance, in June 2022, Clariant, a Swiss personal care firm, launched BeautyForward 6, a revolutionary personal care technology that uses ISO 16128 methodology to assess percentage formulation naturalness. With the goal of facilitating personal care ingredient research and selection, this ground-breaking tool reframes natural ingredients within the framework of formulations. The tool measures the naturality of ingredients used in Clariant as well as non-Clariant personal care products on the basis of standardized data.
The personal care ingredients market has been segmented in terms of product, application, and region.
Based on product, the industry has been classified into antimicrobials, conditioning polymers, surfactants, emollients, emulsifiers, rheology control agents, and others. In 2021, the surfactants segment held a revenue share of roughly 7.5% and is speculated to exhibit a substantial growth rate by 2030.
Meanwhile, the rheology control agents segment is speculated to depict a CAGR of over 6.0% through the forecast period. The emulsifiers segment is set to surpass a valuation of $177.4 million by the end of 2030. The antimicrobials segment is foreseen to register a CAGR of about 6.4% between 2022 and 2030. The others segment attained a valuation of nearly $2,737.7 million in 2021 and is slated to expand at a robust pace in the forthcoming years.
With respect to application, the personal care ingredients market has been categorized into cosmetics, oral care, skin care, hair care, and others. The skin care segment garnered more than 28.7% market share in 2021 and is projected to gain significant momentum in the forthcoming timeframe. The others segment is estimated to expand at approximately 5.5% CAGR through 2030.
From the regional outlook, the Asia Pacific personal care ingredients industry exceeded $4,960.7 million in revenue in 2021 and is anticipated to record notable progress over the review time period. Meanwhile, the Middle East & Africa personal care ingredients market is primed to showcase sizable growth at a CAGR of above 5.6% through the study timeline.