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personal care ingredients market

The global personal care ingredients market is expected to foresee significant growth. Europe held a significant share of the Market in 2020!

The Personal Care Ingredients Market is expected to grow at a strong CAGR of around 5% owing to the changing lifestyles and increasing purchasing power of consumers in developing countries and the rapid growth of multifunctional personal care ingredients. Furthermore, factors such as the rising demand for higher quality personal care ingredients in Europe and North America, the consumer preference toward bio-based and natural personal care ingredients, and the increasing demand and production of skincare and hair care products are also influencing the growth of the personal care ingredients market. For instance, according to the American Society of Plastic Surgeons, in the United States, nearly 18 million minimally invasive and surgical cosmetic products were performed in 2020, out of which nearly 16 million products were minimally invasive.

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Based on ingredient type, the market is classified into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. The emollient segment catered to a significant share of the personal care ingredients market in 2020. Emollients are the most widely used ingredients in the personal care market due to their wide range of applications including skin care, hair care, oral care, makeup, and toiletries. In addition, its soothing and smoothing properties, which form a protective barrier on the surface of the skin, drive its demand.

Based on application, the market is divided into skin care, hair care, oral care, and make-up. The demand for personal care ingredients is comparatively higher in skin care applications. This segment caters to various skin-related requirements such as anti-ageing, anti-acne, and sun protection. The rising demand for skin care products, body lotion, facial creams, and others from consumers across the globe. In addition, the use of innovative ingredients has created new personal care ingredients market trends.

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For a better understanding of the market adoption of the personal care ingredients industry, the market is analyzed based on its worldwide presence in the countries such as North America (The United States, Canada, and the Rest of North America), Europe (Germany, The United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Europe captured a prominent share of the market in 2020. This is due to the growing demand for personal care ingredients from various luxury products such as skin care, hair care, oral care, and makeup. In addition, the high purchasing power of consumers in the region and the growing demand for natural cosmetics with high-quality products are driving the growth of personal care ingredients in Europe.

Some of the major players operating in the market include BASF SE, Ashland Global Specialty Chemicals Inc., Solvay SA, Dow Chemical Company, Clariant AG, Croda International plc, Evonik Industries AG, Lonza Group, Adeka Corp., and Wacker Chemie AG

Global Personal Care Ingredients Market Segmentation

Market Insight, by Ingredient Type

  • Emollients
  • Surfactants
  • Rheology Modifiers
  • Emulsifiers
  • Conditioning Polymers

Market Insights, by Application

  • Skin Care
  • Hair Care
  • Oral Care
  • Make-up

Market Insight, by Region

  • North America
    •  The United States
    •  Canada
    •  Rest of North America
  • Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • BASF SE
  • Ashland Global Specialty Chemicals Inc.
  • Solvay SA
  • Dow Chemical Company
  • Clariant AG
  • Croda International plc
  • Evonik Industries AG
  • Lonza Group
  • Adeka Corp
  • Wacker Chemie AG

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