Cosmetic Ingredients Market by Type, Function, Ingredient Type, Application

List of Tables

[182 Pages Report] The Cosmetic Ingredients Market size was estimated at USD 54.04 billion in 2023 and expected to reach USD 57.08 billion in 2024, at a CAGR 5.96% to reach USD 81.08 billion by 2030.

Cosmetic ingredients refer to the various chemical substances, natural elements, and functional materials combined in specific proportions to create cosmetic products. These products include skincare, makeup, haircare, fragrance, and personal care items, which aim to enhance appearance, cleanse, and maintain overall skin and hair hygiene. Increased awareness about the harmful effects of chemical-based products has driven consumers towards sustainable alternatives containing natural and organic cosmetic ingredients. The rapid expansion of online shopping platforms has provided manufacturers with a massive consumer base while reducing distribution costs. Fluctuating costs of key raw materials may influence the cost of cosmetic ingredients. Moreover, technological advancements have led to innovative ingredient combinations offering improved benefits to users.

KEY MARKET STATISTICS
Base Year [2023]	USD 54.04 billion
Estimated Year [2024]	USD 57.08 billion
Forecast Year [2030]	USD 81.08 billion
CAGR (%)	5.96%

Type: Significant penetration of natural antioxidants and emollients to enhance beauty products

Antioxidants and preservatives are essential in cosmetic formulations, enhancing stability and shelf life and protecting against microbial contamination. Consumer demand for natural and safe alternatives has led to the development of plant-based antioxidants such as tocopherols and derivatives, including ferulic acid. Emollients are crucial for improving skin texture and hydration by forming an occlusive layer over the skin's surface to prevent moisture loss. They are available in various forms, such as oils, esters, fatty alcohols, or silicones. Emollient preference depends on sensorial profile, compatibility with other ingredients, and desired product performance. Polymers play a significant role in cosmetics by providing texture enhancement film-forming properties for long-lasting makeup applications and hair styling products. Natural polymers, including xanthan gum, cellulose derivatives, and chitosan, are increasingly popular due to their biodegradable nature, while synthetic options include acrylates copolymer and vinylpyrrolidone. The choice of polymers depends on their compatibility with other ingredients and desired product performance. Rheology modifiers are essential for controlling viscosity, improving texture, and providing stability to cosmetic products. Factors influencing the selection of rheology modifiers include formulating suspension capability or pH stability. Surfactants are essential in various cosmetic formulations for cleansing, foaming, emulsifying, or solubilizing ingredients. The growing preference for mild surfactants has driven the market toward nonionic surfactants.

Function: Inclination toward plant-based cleansing and moisturizing agents

Cleansing agents, including surfactants, emulsifiers, and solvents, are essential components in cosmetic formulations designed to remove dirt, oil, and impurities from the skin. These surfactants are widely used in cosmetic cleansing products due to their excellent foaming and solubilization properties. The trend towards more environmentally friendly cleansing agents has emerged as consumers increasingly prefer products with natural and biodegradable ingredients. This has led to the rising popularity of plant-based surfactants, including alkyl polyglucosides (APGs). Coloring agents add visual appeal to cosmetics by imparting color or enhancing existing shades and are available as organic pigments and inorganic pigments. Mineral-based pigments such as mica and titanium dioxide are becoming popular due to a growing preference for naturally derived coloring agents from plant or mineral sources due to consumer demand for clean beauty products. Moisturizing agents are crucial in maintaining skin hydration by attracting or retaining water molecules and are classified as humectants, occlusives, and emollients. Natural humectants such as glycerin derived from vegetable sources and natural emollients, including shea butter, are gaining immense potential due to the adoption of plant-based ingredients.

Ingredient Type: Potential for fermented ingredients in anti-aging skin care products

Fermented ingredients are made through fermentation, which involves breaking down complex organic compounds into simpler substances by microorganisms such as bacteria or yeast. The need for fermented ingredients has increased due to their ability to deliver antioxidants, vitamins, amino acids, and peptides to the skin more effectively than traditional ingredients. Natural ingredients are derived from plant or mineral sources without any synthetic chemicals added to the production process. Consumers increasingly prefer natural cosmetics due to their perceived safety profile and environmental sustainability factor. Aloe vera gel, shea butter, tea tree oil, rosehip oil, and green tea extract are widely used natural ingredients in cosmetic and personal care products. Preservatives are essential in cosmetic formulations to inhibit microbial growth and prolong product shelf life and are classified as synthetic and natural preservatives. Manufacturers focus on natural preservative alternatives to satisfy consumer demands for safer products. Synthetic ingredients have been widely used in the cosmetic industry due to their cost-effectiveness and consistent results compared to their natural counterparts. However, concerns over potential health hazards and environmental implications have led consumers to prefer more sustainable options such as organic or plant-based ingredients.

Application: Emerging use of cosmetic ingredients in fragrance and haircare

Hair care products require cosmetic ingredients that cater to hair types and concerns such as dryness, damage, color protection, and scalp health. Consumers seek natural or organic components for their hair care regimen due to increasing awareness of potential harm from synthetic ingredients. The makeup segment requires versatile ingredients that address color cosmetics' varying needs, including longevity, pigmentation, blend-ability, and skin compatibility. Consumers increasingly prefer products containing natural minerals or botanical extracts that promote skin health while offering excellent cosmetic performance. Effective cleansing agents that maintain oral hygiene without irritating are vital in oral care applications. Consumers prefer products containing naturally derived ingredients that have proven oral health benefits. Ingredients catering to various skin types and addressing specific concerns such as acne, aging, or pigmentation are required for skin care applications. Consumers increasingly demand clean formulations containing natural actives, including peptides, botanical extracts, or probiotics. Hair care focuses on scalp health and damage repair, and makeup emphasizes versatile components promoting skin compatibility alongside cosmetic performance. Oral care prioritizes effective cleansing agents without irritating, whereas skin care addresses specific concerns such as aging or pigmentation. The fragrance industry utilizes cosmetic ingredients to create appealing and captivating scents. These ingredients serve various purposes, such as enhancing the fragrance, increasing longevity, and stabilizing the final product.

Regional Insights

The cosmetic ingredients market is evolving in the Americas owing to the growing demand for natural, organic, and sustainable ingredients and investments in research and development to cater to these preferences. American consumers prioritize product quality, safety, and efficacy while making purchasing decisions, which drives companies to ensure regulatory compliance. Strict regulations emphasizing safety and sustainability and initiatives to promote sustainable practices within the cosmetics industry are expanding the use of cosmetics ingredients in the EMEA region. The Asia-Pacific region has witnessed tremendous growth due to rapid urbanization, changing lifestyles, growing beauty trends, and rising demand for premium beauty products, contributing significantly to this growth. Besides, advancements in manufacturing practices and the introduction of novel formulations are anticipated to propel the use of cosmetic ingredients by the end-use sectors worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cosmetic Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cosmetic Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cosmetic Ingredients Market, highlighting leading vendors and their innovative profiles. These include AB Specialty Silicones, LLC, ACTIVON Co., Ltd., Ajinomoto Co., Inc., Asahi Kasei Corporation, Ashland Inc., BASF SE, Beiersdorf AG, Cargill Incorporated, Celim Biotech Co., Ltd., Clariant AG, Covestro AG, Croda International PLC, Daito Kasei Kogyo Co., Ltd., DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Gattefosse SAS, Givaudan, ICHIMARU PHARCOS Co., Ltd., Ineos Group Limited, INKOS Co., Ltd., International Flavors & Fragrances Inc., J2KBIO Co., Ltd., Kao Corporation, Kolmar BNH Co., Ltd., Koninklijke DSM N.V., L'Oreal S.A., Lanxess AG, Lonza Group Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Corporation, Momentive Performance Materials, Inc., Nouryon Chemicals Holding B.V., Roquette Freres S.A., SABIC, Sasol Limited, Seiwa Kasei Co., Ltd., Shin-Etsu Chemical Co., Ltd., Solvay S.A., SSH Korea, STOCKMEIER Holding SE, Sumitomo Corporation, Sunjin Beauty Science, Symrise AG, The Dow Chemical Company, The Estee Lauder Companies Inc., The Lubrizol Corporation, United Active Inc., and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Cosmetic Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Antioxidants & Preservatives
- Emollients
- Polymers
- Rheology Modifiers
- Surfactants

Function
- Cleansing Agent
- Coloring Agent
- Moisturizing Agent

Ingredient Type
- Fermented Ingredients
- Natural Ingredients
- Preservatives
- Synthetic Ingredients

Application
- Fragrance
- Hair Care
- Makeup
- Skin Care

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cosmetic Ingredients Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cosmetic Ingredients Market?

3. What are the technology trends and regulatory frameworks in the Cosmetic Ingredients Market?

4. What is the market share of the leading vendors in the Cosmetic Ingredients Market?

5. Which modes and strategic moves are suitable for entering the Cosmetic Ingredients Market?

Product Code: MRR-4311CE1A33D4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. The rising popularity of grooming and personal care products among consumers in emerging economies
  - 5.1.1.2. Increasing social media influence among the population and spending on cosmetics
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating costs of raw materials used in cosmetics
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of natural, non-GMO, and vegan cosmetic ingredients
  - 5.1.3.2. Increasing product penetration through proliferating eCommerce
- 5.1.4. Challenges
  - 5.1.4.1. Quality constraints with cosmetic ingredients and availability of counterfeit products
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significant penetration of natural antioxidants and emollients to enhance beauty products
- 5.2.2. Function: Inclination toward plant-based cleansing and moisturizing agents
- 5.2.3. Ingredient Type: Potential for fermented ingredients in anti-aging skin care products
- 5.2.4. Application: Emerging use of cosmetic ingredients in fragrance and haircare
5.3. Market Trend Analysis
- 5.3.1. Exponential demand of natural and bio-based cosmetics ingredients supported by the regulatory framework in Americas
- 5.3.2. Availability of vast flora and fauna makes APAC a pioneer in the cosmetic ingredients market with the presence of international cosmetic brands
- 5.3.3. Advanced research and rigorous quality regulations driving demand for locally sourced and certified eco-friendly cosmetic ingredients in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Cosmetic Ingredients Market, by Type

6.1. Introduction
6.2. Antioxidants & Preservatives
6.3. Emollients
6.4. Polymers
6.5. Rheology Modifiers
6.6. Surfactants

7. Cosmetic Ingredients Market, by Function

7.1. Introduction
7.2. Cleansing Agent
7.3. Coloring Agent
7.4. Moisturizing Agent

8. Cosmetic Ingredients Market, by Ingredient Type

8.1. Introduction
8.2. Fermented Ingredients
8.3. Natural Ingredients
8.4. Preservatives
8.5. Synthetic Ingredients

9. Cosmetic Ingredients Market, by Application

9.1. Introduction
9.2. Fragrance
9.3. Hair Care
9.4. Makeup
9.5. Skin Care

10. Americas Cosmetic Ingredients Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cosmetic Ingredients Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cosmetic Ingredients Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Bionap Agrees European Distribution Deal with DKSH
- 13.3.2. Clariant Agrees to Acquire Lucas Meyer Cosmetics, a Leading Provider of High Value Ingredients for the Cosmetics and Personal Care Industry
- 13.3.3. Sophim Accelerates Global Reach of Natural Cosmetic Ingredients with EUR 20 Million Funding
- 13.3.4. DKSH Enters Distribution Agreement with Lactobio Across Asia-Pacific and Europe
- 13.3.5. Naternal is Solvay's New Brand of Bio-Based Biodegradable Polymers for Biodegradable by-Design Hair and Skin Care Solutions
- 13.3.6. BASF SE Upgrades its Pore-Tightening Cosmetic Active Ingredient Laricyl
- 13.3.7. Croda Successfully Completes Acquisition of Solus Biotech
- 13.3.8. Evonik Acquires Novachem to Boost Sustainable Cosmetic Active Ingredients Portfolio
- 13.3.9. Clariant Launches Mood-boosting Skincare Innovations
- 13.3.10. Givaudan Completes the Acquisition of Major Cosmetic Ingredients Portfolio from Amyris
- 13.3.11. Debut and DIC Corporation Establish Strategic Partnership for Sustainable Production of Multiple Novel High-Performing Active Ingredients for the Beauty Industry
- 13.3.12. L'Oreal's Genomatica Investment to Power Sustainable Biotech Beauty Ingredients
- 13.3.13. Shiseido and Spiber Jointly Develop Cosmetic Ingredient Using Protein Fiber and Formulate it into Products
- 13.3.14. Merck Launches New Marine Cosmetic Ingredients During In-cosmeticsTM Asia 2022
- 13.3.15. Innovative International Ingredients, K-Beauty Excellence and 200 Exhibitors on Show at in-cosmetics Korea

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio