Personal Care Ingredients Market worth $21.3 billion by 2027

According to recent market research "Personal Care Ingredients Market by Ingredient (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Active Ingredients, Others), Application (Skin Care, Hair Care, Oral Care, Make-up, Others), and Region - Global Forecast to 2027", size was estimated at USD 14.5 billion and projected to reach USD 21.3 billion by 2027.

The increasing demand for personal care ingredients from applications such as skin care, hair care, oral care, and make-up, among others, is driving the personal care ingredients market.

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Skin care is the largest application segment for personal care ingredients.

By application, the skin care segment is estimated to account for the largest share of the global personal care ingredients market in 2018, in terms of value. This application is projected to drive the personal care ingredients market during the forecast period due to the changing lifestyle and rise in consumer spending on personal care products in developing countries such as India, China, Brazil, and South Africa, among others. In addition, the growing demand for multifunctional ingredients for skin care products for aging population such as anti-aging and anti-acne creams in countries such as the U.S., the U.K., Germany, France, Japan, and South Korea is also expected to drive the demand for personal care ingredients.

Emollients segment accounted for the largest share of the personal care ingredients market in 2018.
By ingredient, the emollients segment led the global personal care ingredients market in 2018.
This is due to their use in almost every personal care product such as antiperspirants, deodorants, soaps, skin creams, face cleansers, face creams, hair shampoos, and hair conditioners, among others. The demand is mainly fueled due to soothing and smoothing properties emollients provide to skin.

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Asia-Pacific is the biggest market for personal care ingredients.

The Asia-Pacific region is estimated to account for the largest share of the global personal care ingredients market in 2018, in terms of value. Growing population and rapid urbanization in countries such as China, India, Indonesia, and Thailand, accompanied by the rise in consumer spending on personal care products is contributing to the growth of the personal care ingredients market in this region. The availability of affordable personal care products in the region also helps drive the demand for personal care ingredients in the region.

Customers of personal care ingredients such as L’Oréal, Shiseido, Johnson & Johnson, and Unilever are embracing new digital innovations. Neutrogena skin360 App and SkinScanner smartphone tool provide “next-gen” skincare. L’Oréal UV Sense is a battery-free wearable electronic UV sensor for measuring sun exposure. Shiseido Optune is a "personalized skincare system" that modifies and adapts according to the skin environment of each individual in real time. Foreo UFO smart mask treatment device is a most advanced smart face mask.

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MarketsandMarkets has also coverage on adjacent markets of personal care ingredients such as Identity & Access Management Market and Privileged Identity Management Market

Key players in the personal care ingredients market include Ashland Global Holdings Inc. (U.S.), BASF SE (Germany), Croda International Plc. (U.K.), Evonik Industries AG (Germany), Lonza Group Ltd. (Switzerland), Solvay SA (Belgium), Akzo Nobel N.V. (Netherlands), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), and Wacker Chemie AG (Germany).

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