Personal Care Ingredients Market to be influenced by strict regulatory norms over 2017-2024 with regards to product utilization

The unveiling of DKSH’s personal care solutions at COSMO Tech Expo India 2017 depicts the ongoing developments in personal care ingredients marketacross the Asia Pacific. DKSH, one of the many leading market expansion services providers, through its ingredients & specialty chemicals distributor called Business Unit Performance Materials, had recently revealed its line of innovative personal care solutions encompassing an all-pervasive portfolio of ingredients, high-grade products, and formulations.

DKSH’s initiative is likely to catapult Asia personal care ingredients industry to greater heights, as manufacturers will sweat it out with one another to develop unique products pertaining to changing consumer tastes.

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Driven by a plethora of factors such as online distribution, environmental impact, effectiveness, & wellness, personal care ingredients market has already established a strong foothold across myriad geographies. Bearing testimony to the aforesaid statement is the fact that this industry surpassed a valuation of USD 8 billion in 2016, and not surprisingly, has been forecast to exceed a revenue collection of more than USD 12 billion by 2024. One of the principal drivers that is making a positive impact on personal care ingredients market share seems to be the globally shifting consumer trend toward using bio-based ethically manufactured cosmetics, fueled by the numerous regulatory norms enforced by authoritative bodies.

Speaking of regulations, the United States and Europe are the two major growth grounds that have been advocating the usage of organic cosmetics on a large scale, on the basis of which experts have forecast that personal care ingredients industry share in U.S. and Europe to multiply over the forthcoming years. These ingredients basically encompass conditioning polymers, antimicrobials, surfactants, emulsifiers, emollients, and rheology control agents, that are used in a plethora of products related to hair care, dental care, skin care, and most importantly, cosmetics. As per estimates, cosmetics are likely to record an extensive demand across the Asia Pacific.

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Given the changing consumer lifestyles, rise in disposable incomes, especially across India and China, and most importantly, the increased focus on anti-aging products for the middle-aged populace, it comes as no surprise that APAC personal care ingredients market size, especially from the skin care and hair care sectors, is anticipated to carve out a rather profitable growth curve over 2017-2024.

Personal care ingredients industry is heavily consumer driven, and is one of those business spheres that depicts frequent changes in market trends. For instance, with the rise of the female workforce across urban locales, personal grooming has gained exceptional importance, which in a way, will be labelled as one of vital factors impacting personal care ingredients industry share.

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