The Growing Demand and Future Prospects of the Mattifiers Market: Global Analysis and Forecast

According to Fact.MR's most recent study on the global mattifiers market, the industry will be worth US$ 365.3 million in 2023 and will grow at a 5.5% CAGR between 2023 and 2033. Personal care and skin care product sales are driving up demand for mattifiers. Global consumption of face care and hair care products is increasing as people become more concerned about skin disorders. People are also becoming more concerned about their skin and health, and they are purchasing more cosmetics and face care products.

The world's largest business is personal care and cosmetics, and mattifiers are an important component of many personal care products, allowing them to aid in oil absorption, keep the skin looking oil-free, and reduce the visibility of pores. They can be found in cosmetics, skin care, and hair care products. Over the last few decades, rising demand for environmentally friendly products has fueled the development of bio-based materials. Bio-based mattifiers are becoming increasingly popular around the world due to their durability and versatility.

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Key Takeaways from Market Study

The global mattifiers market is projected to grow 1.5X and reach US$ 581 million by 2033.
The market witnessed 3.1% CAGR between 2018 and 2022.
Under product type, synthetic mattifiers dominate the market with a share of 54.7% in 2023.
North America leads the global market with 24.8% share in 2023.
Demand for mattifiers is expected to increase at a CAGR of 4.7% in North America.
Segmentation of Mattifiers Industry Research

By Product Type:
Synthetic
Natural
By Particle Size:
< 25 µm
< 50 µm
By Form:
Powder
Gel
By Application:
Skin Care
Hair Care
Oral care
Cosmetics
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia and Oceania
Middle East & Africa

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Market Development

The future strategy for market participants in the mattifiers market should be to focus on the growing demand for natural mattifiers that are eco-friendly and bio-based.

In July 2022, BASF launched the "Verdessence RiceTouch" ingredient, which is derived from rice. It has the ability to absorb oils, which makes the agent ideal for controlling shine and giving a mattifying effect to the skin. It is a 100% bio-based mattifier and provides a natural alternative to synthetic mattifiers in personal care product formulations.
Key Companies Profiled

BASF SE
Imerys
Dow
DAITO KASEI KOGYO CO., LTD.
Evonik
Forecast Chemicals

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This release was published on openPR.