Cosmetic Ingredients Market: Global Industry to Reach USD 32.00 Billion by 2026

According to the Facts and Factors, Research Report, the global cosmetic ingredients market in 2019 was around USD 23.00 Billion. The market is expected to grow at a CAGR of more than 5.0% and is anticipated to reach around USD 32.00 Billion by 2026.

Cosmetic ingredients are the same range of compounds that are used in makeup preparation and composition. In addition, cosmetic additives are used as a washing agent, moisturizer, and coloring agents. It is normally used to boost the physical look, which in turn makes us more confident, comfortable, and pleasant. Cosmetic ingredients are the raw materials that are used worldwide in the manufacture of personal care products. Those ingredients may be used as an anti-fungal agent, anti-aging agent, skin healing agent, among others in skincare products.

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The increasing investments in cosmetics skincare and haircare products, across the world, are one of the most key factors fueling the growth of the global cosmetic ingredients market. The global cosmetic ingredients market is anticipated to grow owing to the increasing demand by rising customer awareness and an extensive focus on research and development by key players. The increasing improvement in lifestyle, increased perception of beautification, increased capacity to invest and increased per capita income and urbanized population, and growing demand for professionals is anticipated to witness significant growth in the global cosmetic ingredients market within the forecast period. The stringent government regulations and policies for cosmetic ingredients may hamper the market’s growth.

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Research and development, innovations activities in the technology of the cosmetic ingredients, and increased consumer awareness in cosmetics containing natural ingredients are anticipated to open new avenues for the cosmetic ingredients market in the near future. The growing number of the manufacturing sector is anticipated to witness significant growth in the global cosmetic ingredients market within the forecast period

On the basis of type, the cosmetic ingredients market is segmented as conditioning polymers, surfactants, emollients, emulsifiers, UV absorbers, antimicrobials, rheology modifiers, antioxidants, and preservatives, and others. Among which emollients segment is anticipated to account for the major revenue share in the cosmetic ingredients market over the forecast period.

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On the basis of application, the global cosmetic ingredients market is categorized into haircare, skincare, oral care, makeup, and others. Among these segments, the skincare processing units segment accounted for the relative revenue share in the cosmetic ingredients market. In 2019, the skincare segment was the most attractive segment of the market. Owing to rising customer demand for high-quality premium cosmetic ingredient-based products, the cosmetic ingredients industry has also witnessed many developments and the introduction of new products by major players on the world market. The growth in skincare, haircare, and personal care segment in the past few years has increased the demand for cosmetic ingredients.

On the basis of region the cosmetic ingredients market is segmented into, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2019, North America and Europe region dominate the cosmetic ingredients market among all the regions followed by the Asia Pacific in terms of value.

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Some of the key players operating in the market include Actives International LLC, Akzo Nobel N.V., Archer Daniels Midland Company, Ashland Global Specialty Chemicals Inc., BASF SE, Clariant AG, COBIOSA, Croda International Plc, DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Innospec Inc., INOLEX Inc., Kao Corporation, Kolmar BNH Co Ltd., Lonza Group, Novacap Group (SEQENS), Solvay SA, and The Dow Chemical Co, among others.

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