Europe Cosmetic Polymer Ingredients Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 216 | Report Code: BMIRE00031951 | Category: Chemicals and Materials
No. of Pages: 216 | Report Code: BMIRE00031951 | Category: Chemicals and Materials
The Europe cosmetic polymer ingredients market was valued at US$ 1,862.89 million in 2023 and is expected to reach US$ 2,711.20 million by 2031; it is estimated to register a CAGR of 4.8% from 2023 to 2031.
The emergence of e-commerce has transformed the shopping experience for people looking to purchase beauty products. The burgeoning penetration of smartphones and the internet, the increasing purchasing power of consumers, rising access to emerging technologies, and the convenience provided by online retail shopping platforms are bolstering the e-commerce industry. According to an article published by Bolt in May 2023, 57% of the Gen Z population is willing to spend 11–20% more for beauty products while making purchases from custom and curated online shopping platforms.
Further, key cosmetics market players are utilizing advanced technologies such as artificial intelligence, augmented reality, and machine learning to develop personalized beauty solutions. For example, L’Oreal uses advanced research, data analysis, and artificial intelligence to offer personalized beauty solutions through smart devices, online platforms, and a range of digital services. L’Oréal has plans to unveil innovations that deliver “Beauty for Each, Powered by Beauty Tech” at Viva Technology in Paris in 2024. This portfolio includes a GenAI-powered personal beauty assistant, a GenAI Beauty Content Lab named CREAITECH, a micro-resurfacing device for advanced skincare performance, a realistic, human skin-like technology platform for scientific research and product testing, etc. The incorporation of modern technologies helps them build trust among their consumers, in turn resulting in increased sales of their products. Thus, the rising sales of beauty products through online sales channels propels the cosmetic polymer ingredients market.
Europe is one of the world leaders in the personal care and cosmetics industry. The European Union claims that it holds a prominent position as an exporter of cosmetic products across the world. The growing interest in wellness and health drives cosmetic production across the region. As per the Cosmetics Europe – The Personal Care Association, Europe is a global flagship market for cosmetics and personal care products, valued at ~US$ 95 billion at retail sales price in 2022; Germany, France, and Italy have positioned themselves as leading markets for cosmetic products. The demand for natural and polymer ingredients in cosmetic products, and the sales of natural and clean-label goods are driven by consumers' interest in maintaining healthy and clear skin. The shift toward plant extracts and naturally sourced collagen drives the demand for cosmetic polymer ingredients in Europe.
The Europe cosmetic polymer ingredients market is categorized into type, category, function, application, and country.
By type, the Europe cosmetic polymer ingredients market is segmented into polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. The silicone segment held the largest share of the Europe cosmetic polymer ingredients market share in 2023.
In terms of category, the Europe cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held the largest share of the Europe cosmetic polymer ingredients market share in 2023.
By function, the Europe cosmetic polymer ingredients market is segmented into rheology modifier, stabilizers, emulsifiers, film formers, conditioning, and others. The rheology modifier segment held the largest share of the Europe cosmetic polymer ingredients market share in 2023.
By application, the Europe cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held the largest share of the Europe cosmetic polymer ingredients market share in 2023.
Based on country, the Europe cosmetic polymer ingredients market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe segment held the largest share of Europe cosmetic polymer ingredients market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,862.89 Million |
| Market Size by 2031 | US$ 2,711.20 Million |
| Global CAGR (2023 - 2031) | 4.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
3V Sigma S.p.A.; Arkema SA; Ashland Inc; BASF SE; Cargill, Incorporated; Clariant AG; Derypol; Evonik Industries AG; Nouryon Chemicals Holding BV; Sensient Technologies Corp; SNF; Solvay SA; SOPHIM IBERIA S.L; The Dow Chemical Co; and The Lubrizol Corporation are some of the leading companies operating in the cosmetic polymer ingredients market.
The Europe Cosmetic Polymer Ingredients Market is valued at US$ 1,862.89 Million in 2023, it is projected to reach US$ 2,711.20 Million by 2031.
As per our report Europe Cosmetic Polymer Ingredients Market, the market size is valued at US$ 1,862.89 Million in 2023, projecting it to reach US$ 2,711.20 Million by 2031. This translates to a CAGR of approximately 4.8% during the forecast period.
The Europe Cosmetic Polymer Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Cosmetic Polymer Ingredients Market report:
The Europe Cosmetic Polymer Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Cosmetic Polymer Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Cosmetic Polymer Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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