Middle East & Africa Cosmetic Polymer Ingredients Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 209 | Report Code: BMIRE00031953 | Category: Chemicals and Materials
No. of Pages: 209 | Report Code: BMIRE00031953 | Category: Chemicals and Materials
The Middle East & Africa cosmetic polymer ingredients market was valued at US$ 495.98 million in 2023 and is expected to reach US$ 707.09 million by 2031; it is estimated to register a CAGR of 4.5% from 2023 to 2031.
Consumers these days seek transparency in terms of product ingredients, which drives an inclination toward natural and organic beauty products. Nontoxic or natural ingredients reduce the risk of irritation and allergic responses to the skin. Growing consumer awareness about the potential health risks associated with synthetic beauty products, including allergic reactions, eye irritation, and toxicity, has led consumers to seek safe alternatives. Many people have sensitive skin or eyes, making them prone to adverse reactions from synthetic cosmetic ingredients.
The clean beauty movement emphasizes the adoption of natural polymer ingredients and products that are free from harmful chemicals and other toxic ingredients. Advancements in cosmetic science have led to the development of novel natural ingredients to maintain effectiveness without compromising safety. In response to this trend, key market players are merging their conventional portfolios with new consumer expectations. In 2023, Evonik announced the “BeautiFerm” line of fermented actives to meet the rising consumer demand for natural and safe ingredients. In February 2024, Evonik launched vegan collagen ingredients for the beauty and personal care industry. Thus, the consumer preference for natural products is emerging as a significant cosmetic polymer ingredients market trend in the coming years.
The Middle East and Africa cosmetic polymer ingredients market is propelled by the increasing demand for organic, natural, and Halal-certified products, as consumers in the region prioritize ethical and sustainable practices. The surging youth population, gradually growing number of working women, increasing focus on an appealing and youthful appearance, and rising standards of living are supporting the growth of the cosmetics industry in the region. In 2023, Ghanya Cosmetics launched a premium skincare product portfolio, including Absolute Cream and Age-Defying Booster, in the UAE. The company produces paraben-free, sulfate-free, fragrance-free, cruelty-free, and vegan-friendly cosmetic products. The easy availability of raw materials in the region is contributing to the production of various cosmetic products with international export quality. Several production and marketing facilities for the majority of well-established international manufacturers of cosmetics and personal care products are based in the Middle East and Africa, resulting in a large number of international trades in the region.
The Middle East & Africa cosmetic polymer ingredients market is categorized into type, category, function, application, and country.
By type, the Middle East & Africa 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 Middle East & Africa cosmetic polymer ingredients market share in 2023.
In terms of category, the Middle East & Africa cosmetic polymer ingredients market is segmented into natural, synthetic, and semi-synthetic. The synthetic segment held the largest share of the Middle East & Africa cosmetic polymer ingredients market share in 2023.
By function, the Middle East & Africa 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 Middle East & Africa cosmetic polymer ingredients market share in 2023.
By application, the Middle East & Africa cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment held the largest share of the Middle East & Africa cosmetic polymer ingredients market share in 2023.
Based on country, the Middle East & Africa cosmetic polymer ingredients market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia segment held the largest share of Middle East & Africa cosmetic polymer ingredients market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 495.98 Million |
| Market Size by 2031 | US$ 707.09 Million |
| Global CAGR (2023 - 2031) | 4.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| 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 Middle East & Africa Cosmetic Polymer Ingredients Market is valued at US$ 495.98 Million in 2023, it is projected to reach US$ 707.09 Million by 2031.
As per our report Middle East & Africa Cosmetic Polymer Ingredients Market, the market size is valued at US$ 495.98 Million in 2023, projecting it to reach US$ 707.09 Million by 2031. This translates to a CAGR of approximately 4.5% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Cosmetic Polymer Ingredients Market report:
The Middle East & Africa Cosmetic Polymer Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Cosmetic Polymer Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Cosmetic Polymer Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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