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Personal Care Ingredients Market Trends - Industry Size Report 2019-2024 | Top Key Players Ashland, Clariant, Lonza, Cargill, Solvay, Eastman Chemical Company, Evonik, BASF, AkzoNobel, Croda, The Dow Chemical Company, Wacker Chemie
Personal Care Ingredients Market
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Another trend riding on the wave of popularity is that of using multifunctional products, subject to hectic consumer lifestyles. This is especially true for hair care products – of late, manufacturers have been developing products that incorporate the benefits of shampoos, conditioners, and hair moisturizers rolled into one compact product. This trend is also likely to fuel personal care ingredients market size from hair care. Speaking of which, conditioning polymers, used massively in hair care products, is likely to register a CAGR of 6% over 2017-2024, given the vast product popularity.
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. In fact, the latest trends seem to be shifting toward male grooming – the sales of male products such as shaving creams, gels, shampoos, lotions, deodorants, etc., have observed a monumental rise and are likely to transform the future of personal care ingredients market over the coming seven years. It has also been observed that in accordance with the market trends, product manufacturers have been fiercely combating against one another to emerge victorious on the battleground. With the passage of time, a slew of many other interesting trends is set to come aboard, which will lead to a massive change in the dynamics of global personal care ingredients industry share.
Rising involvement of women in urban workforce and growing importance of personal grooming has positively influenced personal care ingredients market growth. People have become more conscious about their appearance which will drive the sales of the personal care products. New product launches will fuel the growth of the industry. Also, the market players are engaged in promotional activities which will considerably increase the sales of personal care products, which in turn will positively impact the personal care ingredients market.
Multifunctional products market has gained momentum over the past few years. The hectic lifestyle has forced consumers to simplify beauty routines giving a thrust to multifunctional product market. Innovative products have been launched with numerous benefits rolled into one. Plant-derived personal care ingredients have witnessed a rising growth curve, because of the negative attitude towards the production process of products derived from animals. Consumers tend to move towards sustainable, eco-friendly and ethical product brands.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Evonik
2. BASF
3. AkzoNobel
4. Croda
5. The Dow Chemical Company
6. Wacker Chemie
7. Ashland
8. Clariant
9. Lonza
10. Cargill
11. Solvay
12. Eastman Chemical Company
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The sales of the product is likely to be high in Asia Pacific personal care ingredients market, as the demand for cosmetics and personal care products is expected to escalate. The region is expected to record a market revenue of 4.4 billion by 2024. LATAM is expected to witness decent growth over the forecast period. The increasing number of cosmetic brands being established in countries such as Mexico and Brazil will significantly affect the personal care ingredients market growth. The personal care ingredients market in the Middle East is expected to witness a decent growth rate the exceptional growth of local personal care product brands.
Personal care ingredients market is fragmented. Some of the key industry participants in personal care ingredients market include BASF SE, Croda International Plc, Evonik Industries, Dow Corning Corporation, Akzo Nobel N.V., Wacker Chemie AG, Lonza Group Pvt. Ltd., Clariant and Ashland Inc.
Personal Care Ingredients Market, By Product
o Surfactants
o Conditioning Polymers
o Emollients
o Rheology Control Agents
o Emulsifiers
o Antimicrobials
o Others (Preservatives, etc.)
Personal Care Ingredients Market, By Application
o Skin Care
o Hair Care
o Oral Care
o Cosmetics
o Others (Toiletries, fragrances, etc.)
Browse key industry insights spread across 140 pages with 155 market data tables & 11 figures & charts from the report, “Personal Care Ingredients Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/personal-care-ingredients-market
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