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Humectants Market Growth Fueled by Rising Demand in Cosmetics || Ashland Global Holdings Inc., Barentz, Brenntag SE, Cargill Incorporated
Humectants Market
The Business Research Company's Humectants Global Market Report 2023 identifies the rise in demand in cosmetics is expected to propel the growth of the humectants market, going forward. Cosmetic refers to the products that enhance or alter a person's appearance. Humectant acts as a typical moisturizing ingredient employed in lotions, shampoos, and other cosmetics, that attracts moisture from the atmosphere into the skin's outer layer, so the rise in demand for cosmetics will propel the growth of the humectant market. For instance, in February 2022, according to the data published in the annual report, released by L'Oréal S.A., a France-based, personal care and cosmetic company, the total annual sale of an active cosmetic segment of the company increased by 31.8%, recording €3,924.0 million ($ 4318 million) in 2021, compared with €3,011.1 million ($3313.44 million) in 2020.
The global humectants market size is expected to grow from $26.59 billion in 2022 to $28.64 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global humectants market size is expected to reach $37.93 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the humectants market are Ashland Global Holdings Inc., Barentz, Brenntag SE, Cargill Incorporated, DuPont Tate & Lyle Bio Products Company LLC, Ingredion Incorporated, Corbion N.V, The Lubrizol Corporation, Vantage Specialty Chemicals Inc.
A key trend in the Humectants market includes increase in innovations. Companies operating in the humectant market are focusing on innovations to sustain their position in the market. For instance, in 2022, Nexus Ingredient a UK-based, company engaged in the development and marketing of products including, humectants, binders, natural preservatives, fibers, and natural emulsifiers/stabilizers, launched MoistPlus® Syrup, an all-natural humectant syrup made from cassava root that is devoid of gluten, dairy, allergens, fructose, and grains.
Read More On The Global Humectants Market Report Here: https://www.thebusinessresearchcompany.com/report/humectants-global-market-report
The humectants market is segmented -
1) By Product: Sugar Alcohol, Alpha Hydroxy Acid, Glycols, Other Products
2) By Source: Synthetic, Natural
3) By Application: Food And Beverages, Oral And Personal Care, Pharmaceuticals, Animal Feed, Paint And Coating, Pesticides, Other Application
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the humectants market.
The Business Research Company's "Global Humectants 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 Humectants Market Include:
1. Executive Summary
2. Humectants Market Characteristic
3. Humectants Market Trends And Strategies
4. Humectants Market - Macro Economic Scenario
5. Humectants Market Size And Growth
……………
27. Humectants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Humectants Market
29. Humectants Market Future Outlook And Potential Analysis
30. Appendix
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