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Personal Care Ingredients Market Trends, Top Companies, Share, Growth And Forecast 2033

10-11-2024 02:34 PM CET | Fashion, Lifestyle, Trends

Press release from: The Business research company

Personal Care Ingredients Market Trends

Personal Care Ingredients Market Trends

The Business Research Company recently released a comprehensive report on the Global Personal Care Ingredients Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The personal care ingredients market size has grown strongly in recent years. It will grow from $15.08 billion in 2023 to $16.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to beauty and wellness trends, skincare and cosmetics innovations, consumer demand for natural and organic products, aging population and anti-aging products, regulatory standards for ingredient safety..

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/personal-care-ingredients-global-market-report

Market Drivers and Trends:

A rise in e-commerce sales is expected to propel the growth of the personal care ingredients market going forward. E-commerce refers to the online buying and selling of goods and services, encompassing transactions, fund transfers, and data exchange over the Internet. E-commerce provides a platform for consumers to explore and choose products that cater to their specific needs, including those with natural, organic, or innovative ingredients. This shift in consumer behavior not only fosters convenience but also fuels demand for specialized, high-quality ingredients in personal care formulations. For instance, in August 2023, according to the Census Bureau of the Department of Commerce, a US-based Government agency serving as the principal agency for producing vital U.S. statistical data, retail e-commerce sales for Q2 2023, after seasonal adjustments but excluding price changes, stood at $277.6 billion in the US. This reflects a 2.1 percent (±0.9%) rise from Q1 2023. Therefore, the rise in e-commerce sales is driving the growth of the personal care ingredients market.

Key companies functioning in the market are focusing on new product innovations to meet the demand of the consumers and benefit the users while maximizing revenues. For instance, in April 2022, Biosynthetic Technologies, a US-based renewables and environment company launched BioEstolide 250-100, an innovative new high-performance 100% biobased emollient for cosmetic and personal care applications. This revolutionary emollient is derived from organic fatty acids in bio-derived oils, offering protection, moisturization, and a superior sensory profile.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=4108&type=smp

Major Key Players of the Market:

BASF SE; Ashland Inc.; Solvay SA; Dow Chemical Company; Clariant AG; Croda International PLC; Evonik Industries AG; J.M. Huber Corporation; Huntsman International LLC; The Lubrizol Corporation; Akzo Nobel NV; Pharmacos; Nouryon Specialty Chemicals B.V.; Lonza Group Ltd.; Berkshire Hathaway Inc.; KCC Corporation; Galaxy Surfactants Ltd.; Oxiteno SA; Eastman Chemical Company; Saudi Basic Industries Corporation; Symrise AG; Sinerga SpA; SG Ceresco Inc.; Pride Seeds; Grain Millers Inc.; Innospec Inc.; AEP Colloids Inc.; Jarrow Formulas Inc.; Soliance; Wacker Chemie AG

Personal Care Ingredients Market 2024 Key Insights:

• The personal care ingredients market size is expected to grow to $22.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• A Rise In E-Commerce Sales Is Anticipated To Fuel The Personal Care Ingredients Market
• Innovative Launches By Major Players To Maximize Revenue
• North America was the largest region in the personal care ingredients market in 2023.

We Offer Customized Report, Click @
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Contact Us:

The Business Research Company
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Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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