Press release
Global Cosmetic Ingredients Market: Projections, Drivers, Key Players, and Trends for 2024-2029
Cosmetic Ingredients Market Size
What Is The Projected Market Size Of The Global Cosmetic Ingredients Market And Its Growth Rate?
The global cosmetics ingredients market has been exhibiting robust growth trend, with key statistics as follows:
• Growth projection from $31.89 billion in 2024 to $33.63 billion in 2025, at a CAGR of 5.5%
• Factors influencing historical market growth: natural ingredient trends, scientific advancements, consumer awareness, regulatory changes, and cultural influences
• Forecasted growth to $43.79 billion in 2029 at a CAGR of 6.8%
• Forecast period growth contributors: clean beauty movement, regenerative and healing ingredients, demand for microbiome-friendly ingredients, digital beauty solutions, and tech-driven formulations
What Is Driving The Growth In The Cosmetic Ingredients Market?
The rise in demand for personal care products is the major driver of the cosmetic ingredients market. Personal care products encompass diverse items used to enhance beauty, maintain personal hygiene, and cleanliness, with cosmetic ingredients used to boost their functionality and overall performance. An example of this growing trend is the 12.3% rise in personal care products and services expenditure in the US from $771 in 2021 to $866 in 2022, as per the Bureau of Labor Statistics. This demonstrates how the escalating demand for personal care products is strongly driving the cosmetic ingredients market growth.
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Who Are the Key Players Driving Cosmetic Ingredients Market Growth?
The major companies driving the growth in the cosmetic ingredients market include
• 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
What Are The Key Trends In The Cosmetic Ingredients Market?
The significant trends in the cosmetic ingredients market include:
• Upcycled ingredients
• Customized skincare kits
• Bioactive peptides
• Barrier repair ingredients
• CB*D and hemp-derived ingredients
What Are The Segments Of The Global Cosmetic Ingredients Market?
The cosmetic ingredients market is categorized into the following segments:
1) By Ingredient Type: Synthetic Chemical Ingredients, Natural Or Herbal Ingredients, Specialty Ingredients, Oleochemical, Botanical Extract, Rheology Modifier, Preservatives, Emulsifier And Stabilizer, Other Ingredient Types
2) By Functionality: Cleansing Agents And Foamers, Aroma, Moisturizing, Specialty, Other Functionalities
3) By Application: Skin Care, Oral Care, Hair Care, Make-Up, Fragrance, Other Applications
Which Region Leads The Cosmetic Ingredients Market?
The Asia-Pacific region was the largest contributor to the cosmetic ingredients market in 2024, with North America expected to be the fastest-growing region in the forecast period. Other regions highlighted in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Cosmetic Ingredients Market Global Market Report?
- Market Size Analysis: Analyze the Cosmetic Ingredients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cosmetic Ingredients Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cosmetic Ingredients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cosmetic Ingredients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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