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Global Cosmetic Ingredients Market 2023 Revenue Status, Industry Analysis, Development Outlook And Forecast To 2032 | Major Players Are BASF SE, Unilever, The Dow Chemical Company, L'Oréal International, Evonik Industries AG
Cosmetic Ingredients Market
The Business Research Company's Cosmetic Ingredients Global Market Report 2023 identifies increase in demand for personal care products as the major driver for the Cosmetic Ingredients Market's growth in the forecast period. Personal care products refer to a wide range of items that are commonly used for maintaining personal hygiene, enhancing beauty, and cleaning. These products are designed to support and enhance personal well-being, cleanliness, and appearance. Cosmetic ingredients are used in personal care products to provide various benefits and functionalities. These ingredients serve specific purposes and contribute to the overall performance, efficacy, and sensory experience of the products. Hence, the demand for personal care products contributes to the growth of the cosmetics ingredients market.
The global cosmetic ingredients market size is expected to grow from $29.01 billion in 2022 to $30.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.31%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cosmetic ingredients market is expected to reach $35.10 billion in 2027 at a CAGR of 5.68%.
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Major competitors in the cosmetic ingredients market are BASF SE, Unilever, The Dow Chemical Company, L'Oréal International, Evonik Industries AG, Solvay S.A., The Estée Lauder Companies Inc., DuPont, International Flavors & Fragrances Inc., Kao Chemicals, Eastman Chemical Company, DSM, Wacker Chemie AG, Givaudan, Lonza Group Ltd., Clariant AG, KCC Corporation, Symrise, Croda International PLC., Ashland Inc., P2 Science Inc., Spira Inc., Naturbeads Ltd., Allozymes, Ardra Bio, Firmenich, Protameen Chemicals, Lipoid Kosmetik, Ecogreen Oleochemicals, and Aqia.
A key trend in the Cosmetic Ingredients Market includes product innovations. Companies operating in the cosmetic ingredients market are adopting new products to sustain their position in the market. For instance, in June 2022, Solvay S.A. a Belgium-based chemical company, introduced new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60. These biosurfactants are designed to facilitate the development of sustainable beauty care products. With a low environmental and carbon footprint. These glycolipid biosurfactants are suitable for various applications in the beauty care industry, including shampoos, conditioners, shower gels, face washes, and creams.
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The Cosmetic Ingredients Market is segmented -
By Ingredient Type: Synthetic Chemical Ingredients, Natural/Herbal Ingredients, Specialty Ingredients, Oleochemical, Botanical Extract, Rheology Modifier, Preservatives, Emulsifier And Stabilizer, Other Ingredient Types
By Functionality: Cleansing Agents And Foamers, Aroma, Moisturizing, Specialty, Other Functionalities
By Application: Skin Care, Oral Care, Hair Care, Make-Up, Fragrance, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Cosmetic Ingredients Market.
The Business Research Company's "Global Cosmetic Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cosmetic Ingredients Market Include:
1. Executive Summary
2. Cosmetic Ingredients Market Characteristics
3. Cosmetic Ingredients Market Trends And Strategies
4. Cosmetic Ingredients Market - Macro Economic Scenario
6. Cosmetic Ingredients Market Segmentation
……
32. Global Cosmetic Ingredients Market Competitive Benchmarking
33. Global Cosmetic Ingredients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cosmetic Ingredients Market
35. Cosmetic Ingredients Market Future Outlook and Potential Analysis
36. Appendix
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