PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108704
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1108704
The global personal care ingredients market size is expected to reach USD 16.83 billion by 2030, according to a new study by Polaris Market Research. The report "Personal Care Ingredients Market Share, Size, Trends, Industry Analysis Report, By Source (Natural Ingredients, Synthetic Ingredients); By Type; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is driven by economic growth in developing countries, rising disposable income, and greater awareness toward individual hygiene. An increase in consumer concerns regarding beauty and wellness, growing demand for products with multiple functionalities, and shifting consumer trend toward using natural and bio-based products further supports the industry growth.
The demand for the product is expected to increase in Asia-Pacific during the forecast period owing to population growth, rising disposable income, and growing demand for the products. Rising urbanization, increasing demand for cosmetics and wellness products, and adoption of the western lifestyle also support industry growth in this region. Global players are expanding their presence and setting up manufacturing units in this region on account of the availability of infrastructure, raw materials, and labor.
The demand for natural constituents is expected to increase during the forecast period. The growth in the organic cosmetics and makeup industry is also expected to drive the development of this segment during the forecast period. Growing hygiene and wellness concerns, especially among the youth, coupled with the growth of e-commerce platforms, are expected to provide growth opportunities in the coming years.
The skincare segment accounted for a significant share in 2021. Growing demand for the products such as moisturizers, anti-aging creams, and sunscreen products, growth in the beauty and cosmetics sector, rising awareness regarding the products, and an increase in demand for the products from emerging economies drives the growth of this segment.
Personal care ingredients Market Report Highlights
Synthetic ingredients accounted for a significant share in 2021 owing to increasing demand for the products from developing countries, rising disposable income, and growing consumer awareness
Emollients accounted for a significant share in 2021 on account of wide use in beauty, individual hygiene, and cosmetic products for softening and soothing properties
The skincare segment is expected to hold significant revenue share owing to greater demand for the products such as moisturizers, anti-aging creams, and sunscreen lotions, growth in the beauty and cosmetics sector, and growing awareness regarding natural and organic products
Asia Pacific is expected to register high growth during the forecast period owing to the growing population, increasing disposable income, and growing urbanization
Polaris Market Research has segmented the personal care ingredients market report based on source, type, application, and region:
Personal Care Ingredients, Source Outlook (Revenue - USD Billion, 2018 - 2030)
Natural
Synthetic
Personal Care Ingredients, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Emulsifiers
Surfactants
Emollients
Rheology Modifiers
Conditioning Polymers
UV Absorbers
Antimicrobials
Others
Personal Care Ingredients, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Hair Care
Skin Care
Make-up
Oral Care
Others
Personal Care Ingredients, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
List of Tables
Figure 1. Global Personal Care Ingredients Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Type
Figure 7. Global Personal Care Ingredients Market, by Type, 2021 & 2030 (USD Billion)
Figure 8. Market by Source
Figure 9. Global Personal Care Ingredients Market, by Source, 2021 & 2030 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Personal Care Ingredients Market, by Application, 2021 & 2030 (USD Billion)
Figure 12. Personal Care Ingredients Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Personal Care Ingredients Market