Cosmetic Ingredients Market Research Including Top-Line Manufacturers, Revenue Estimates & Regional Growth Prospects By 2027

cosmetic ingredients are the components that are used in the manufacturing of cosmetic products such as sunscreen lotions, creams, moisturizers, eyeliners, lipsticks, body lotions, etc. cosmetic ingredients include water, moisturizers, preservatives, emulsifiers, thickeners, lubricants, colors, and fragrances. Cosmetic ingredients can be prepared synthetically or can be extracted from natural sources such as plant-derived products.

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Drivers

Rising demand for specialized skincare products is projected to fuel the market growth of cosmetic ingredients over the forecast period. For instance, in April 2019, Dow has launched its personal care ingredient innovations at booth K80. This includes Dow’s first bio-based hair fixative, MaizeCareStyle Polymer, Planet savvy DOWSIL FA PEPS Silicone Acrylate, and EPITEX9 Polymer, the company‘s brand new hybrid film former. Therefore, the growing demand for a specialized skin care product is projected to foster the market growth of cosmetic ingredients.

Market Restraints

Strict regulations against the use of harmful chemicals ingredients are expected to hinder the market growth of cosmetic ingredients. For instance, in March 2019, California lawmakers introduced the landmark bill, noting that sales cosmetic with toxic ingredients would be deemed illegal in the state.

Market Opportunities

Growth of middle-class people in emerging economies especially in the Asia Pacific is expected to represent a lucrative opportunity to the market of cosmetic ingredients. According to the European Commission, the size of the global middle class has increased from 1.8 billion in 2009 to about 3.5 billion people in 2017 — more than half of the world population and is expected to grow to some 4 billion by 2021 and reach 5.3 billion by 2030.

Market Trends/Key Takeaway

The rising trend of using natural cosmetic ingredients among manufacturers is gaining traction in the market. For instance, in June 2019, BASF Care Creation has introduced three new active ingredients for the beauty market which make use of the unique properties of the rambutan tree (Nephelium lappaceum) to offer unparalleled skin hydration and rejuvenation for today’s globally conscious consumers. Therefore, the rising introduction of natural cosmetic ingredients is projected to fuel market growth.

Company Profiles

BASF SE
AkzoNobel N.V.
International Plc
The Dow Chemical Company
Eastman Chemical Company
Clariant AG
Wacker Chemie AG
End-Use Companies
L'Oréal International
Unilever
The Estée Lauder Companies Inc.
COTY Inc. (1/3)
Colgate-Palmolive Company

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