Personal Care Ingredients Market by Ingredient Type (Emollients, Surfactants, Rheology Modifiers, Emulsifiers, Conditioning Polymers, and Others), Application (Skin Care, Hair Care, Oral Care, Make-up): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026408 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 12.19 billion mark in 2022 and is expected to hit US$ 16.16 billion by 2030, recording a CAGR of 3.6% during the forecast period.

                                                                               

Growing urbanization and rising incomes purchasing power of consumers in developing countries.

Rising urbanization, a growing number of working women, changing lifestyles, and increasing awareness concerning hygiene and skin care are some critical drivers of the personal care ingredients market. The awareness of hygiene and personal health has boosted the need for personal care products. This change has led to increase in the number of manufacturers for skincare and hair care products, as well as hygiene products. Thus, driving the demand for personal care ingredients.

Within the report, the market is segmented into ingredient type, application, and geography. By ingredient type, the market is further segmented into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. Based on application, the market is bifurcated skin care, hair care, oral care, and make-up. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Global demand shifting toward sustainable and bio-based products

Personal care ingredients produced from petrochemicals result in environmentally hazardous by-products and carbon emissions. Therefore, different types of non-hazardous and eco-friendly ingredients are being manufactured. This has resulted in the production of enzymes capable of synthesizing bio-based solutions. In addition to reduced carbon footprints, bio-based products can be formulated to meet a wide range of customer demands. The enhanced properties include exceptional cleaning and wetting properties, multifunctional capabilities, and so on. The increasing awareness of biodegradable products has resulted in the development of innovative products, which is expected to create high growth opportunities in the market.

 

Rising adoption of various personal care industries is one of the major factors accelerating the market growth.

The demand for personal care ingredients is the maximum in skin care application. This segment includes various skin-related products such as wrinkle, anti-acne, anti-aging, dullness, and sun protection. The rising demand for fairness products among the younger population in countries such as India, Nigeria, Cameroon, South Africa, Brazil, Argentina and China is driving the demand for skin care products.

Recent strategic developments in personal care ingredients market

The personal care ingredients market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2020, Dow showcased sustainable beauty formulation, ACULYN rheology modifiers. This product reduces carbon footprint and is very easy to use.
  • In April 2021, Ashland finished the acquisition of the personal care business of Schülke & Mayr GmbH

The personal care ingredients market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Croda International Plc., BASF S,  Ashland, Solvay, Dow, and Clariant are the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Cosmetic associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Personal care products’ manufacturers
  • Retail organizations
  • Research institutes, organizations, and consulting companies
  • Chemicals and material industry

 

Scope of the report:

In this report, the market has been segmented based on:

  • Ingredient Type:
    • Emollients
    • Surfactants
    • Emulsifiers
    • Rheology Modifiers
    • Conditioning Polymers
    • Others
  • Application
    • Hair Care
    • Oral Care
    • Make-up
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • BASF SE
    • Ashland
    • Dow
    • Clariant
    • Croda International Plc.

Companies profiled
- BASF SE
- Ashland
- Dow
- Clariant
- Croda International Plc.

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