The Global Personal Care Ingredients Market accounted for USD 13.37 billion and is projected to grow at a CAGR of 4.34% during the forecast period. Forecasting Regional and Global Analysis on Personal Care Ingredients Market By Ingredients (Emollients, Surfactants, Emulsifiers, Active Ingredients, Rheology Modifiers) Applications (Hair Care, Skin Care, Sun Care, Oral Care, Make-Up) and Geography.
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Personal care products are used by an individual in order to enhance their appearance and to maintain hygiene. These are made up of both natural as well as synthetic sources and are used on a daily basis. Synthetic materials include as sodium lauryl sulfate, propylene glycol, parabens, formaldehyde whereas natural ingredients include as coconut oil, cocoa butter, soy seeds, and essential oils.The global personal care ingredients market is consolidated due to the presence of limited number of players concentrated in few countries. Some of the major players operating in global personal care ingredients market are
- Ashland Croda International Plc.
- Dow Corning Corporation
- BASF SE
- Evonik Industries AG
- The Dow Chemical Company
- Wacker Chemie AG
- Akzo Nobel N.V.
- Aston Chemicals
Others: Eastman Chemical Compay, Momentive, Innospec, Merck KGaA, Symrise, Royal DSM, Corbion NV, Huntsman International Inc., Galaxy Surfactants Ltd. and Oxiteno among others. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
- Growing population and changing lifestyle
- Increasing disposable income and rise in consumer purchasing power
- Growing demand for multifunctional ingredients
- Rising demand for natural ingredients
- Strict government regulation
Market Segmentation: Global Personal Care Ingredients Market
On the basis of ingredients, global personal care ingredients market is segmented into
- Active ingredients
- Rheology modifiers
On the basis of applications, global personal care ingredients market is segmented into
- Hair care
- Skin care
- Sun care
- Oral care and make-up
Hair care is further segmented into hair oils, shampoo, conditioner and others.
Skin care is further segmented into body lotions, creams, sunscreens, and others.
Oral care is segmented into toothpaste, mouthwash and others.
The make-up segment is segmented into lipstick, eye-liner, mascara, and others.
On the basis of geography, global personal care ingredients market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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