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Bio-Based Cosmetics & Personal Care Ingredients Market worth $41.34 billion by 2030, growing at a CAGR of 9.17% - Exclusive Report by 360iResearch
Bio-Based Cosmetics & Personal Care Ingredients Market | 360iResearch
The Global Bio-Based Cosmetics & Personal Care Ingredients Market to grow from USD 22.35 billion in 2023 to USD 41.34 billion by 2030, at a CAGR of 9.17%.
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Bio-based cosmetics and personal care ingredients refer to products developed from natural, renewable sources, such as plants, algae, and microorganisms, instead of conventional ingredients derived from petrochemicals. The bio-based cosmetics and personal care ingredients market comprises products derived from biological sources or processes utilized to formulate skincare, hair care, make-up, fragrances, and other personal care products. Growing awareness about personal hygiene and personal care and consumer preference for sustainable and organic products drive market growth. The availability of products through e-commerce platforms also fuels market development. The high cost of cosmetic products, fluctuating raw material prices, and stringent regulations about the approval of cosmetic products are restricting market growth. The emergence of social media marketing and advertising strategies and the introduction of diverse product offerings by major players are expected to create opportunities for market expansion.
The bio-based cosmetics and personal care ingredients market in the Americas is characterized by a strong demand for natural and organic products driven by consumer awareness and stringent regulations concerning synthetic additives. The United States leads in the region in terms of market size and innovation, with policies promoting bio-based products, such as the USDA BioPreferred Program. There is also a growing trend in using indigenous resources, such as Amazonian oils and extracts, in product formulations. The EMEA region exhibits a diverse market, with Europe at the forefront in terms of stringent regulatory frameworks, such as REACH compliance, which affects the cosmetic industry. European consumers are highly conscious of the environmental impact of ingredients and ethical sourcing, elevating the demand for certified bio-based and sustainable products. The Middle East, in particular, is increasingly looking towards sustainable and high-quality ingredients, whereas in Africa, the market is in a nascent stage but holds potential owing to its unique flora that could be sourced for bio-based ingredients. The Asia-Pacific region in the bio-based cosmetics and personal care ingredients market. This can be attributed to improving economic conditions, a growing middle class, and rising health and wellness awareness. Countries such as South Korea and Japan are leading in technological advancements and innovation in bio-based ingredients. China and India are vast markets with immense growth potential driven by increased consumer spending and traditional preferences for natural products. In addition, local players have a strong presence and a rich heritage of using natural substances, which companies are leveraging for modern bio-based product formulations.
Market Segmentation & Coverage:
This research report categorizes the Bio-Based Cosmetics & Personal Care Ingredients Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Products, market is studied across Antimicrobials, Conditioning Polymers, Emollients, Emulsifiers, Rheology Control, and Surfactants. The Rheology Control is projected to witness significant market share during forecast period.
Based on Active Ingredient, market is studied across Ceramides and Creatine. The Creatine is projected to witness significant market share during forecast period.
Based on Application, market is studied across Fragrances and Hair Care. The Fragrances is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.95% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Bio-Based Cosmetics & Personal Care Ingredients Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Bio-Based Cosmetics & Personal Care Ingredients Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Bio-Based Cosmetics & Personal Care Ingredients Market, highlighting leading vendors and their innovative profiles. These include Aqua Bio Technology ASA, Ashland Inc., BASF SE, Clariant AG, Covestro AG, Croda International PLC, Dow Inc., Elementis PLC, Evonik Industries AG, Gattefossé Group, Givaudan SA, Huntsman Corporation, Koninklijke DSM N.V., Lonza Group Ltd., Lubrizol Corporation, Merck KGaA, Minasolve by Minafin Group, Momentive Performance Materials Inc., Natura-Tec by APC Group, Nikko Chemicals Co.,Ltd., Nouryon Chemicals Holding B.V., Sharon Laboratories Ltd., Solabia Group, Solvay S.A., Symrise AG, Tate & Lyle PLC, Vigon International, LLC, and Wacker Chemie AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bio-Based Cosmetics & Personal Care Ingredients Market, by Products
7. Bio-Based Cosmetics & Personal Care Ingredients Market, by Active Ingredient
8. Bio-Based Cosmetics & Personal Care Ingredients Market, by Application
9. Americas Bio-Based Cosmetics & Personal Care Ingredients Market
10. Asia-Pacific Bio-Based Cosmetics & Personal Care Ingredients Market
11. Europe, Middle East & Africa Bio-Based Cosmetics & Personal Care Ingredients Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Bio-Based Cosmetics & Personal Care Ingredients Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bio-Based Cosmetics & Personal Care Ingredients Market?
3. What is the competitive strategic window for opportunities in the Bio-Based Cosmetics & Personal Care Ingredients Market?
4. What are the technology trends and regulatory frameworks in the Bio-Based Cosmetics & Personal Care Ingredients Market?
5. What is the market share of the leading vendors in the Bio-Based Cosmetics & Personal Care Ingredients Market?
6. What modes and strategic moves are considered suitable for entering the Bio-Based Cosmetics & Personal Care Ingredients Market?
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