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Growth In The Cosmetic Industry Fuels Expansion Of Conditioning Agent Market: A Key Factor Shaping the Future of the Conditioning Agent Market in 2025
Conditioning Agent Market Size
There has been robust growth in the conditioning agent market size over the past few years. The market, which is anticipated to grow from $11.08 billion in 2024 to $11.86 billion in 2025, implies a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period is attributed to factors such as increased awareness among consumers, urbanization, lifestyle transformations, the expansion of the personal care industry, the impacts of social media and celebrities, coupled with an uptick in disposable income.
The market for conditioning agents is anticipated to experience robust expansion in the forthcoming years. It is projected to attain a value of $15.41 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. This growth, anticipated over the forecast period, is mainly attributed to the surge in demand for personal care items, heightened awareness about skin and hair health, an expanding cosmetic sector, a trend towards natural and organic products, and a growing older demographic. The upcoming years will also see dominant trends like enhanced usage of personal care products, growth in the hair care section, the expansion of the cosmetics industry, the rising fame of multifunctional products, and increased consumer consciousness.
What Factors Are Fueling Growth in the Conditioning Agent Market?
The anticipated growth of the conditioning agent market is closely tied to the expansion of the cosmetic industry. The cosmetic industry, which encompasses the production, distribution, and selling of beauty and personal care products, is witnessing a growth trajectory. This is mainly due to increasing consumer demand for skincare goods, inventive formulations, and growing distribution networks. Conditioning agents are integral to the industry, and find use in enriching the texture, hydration and overall healthiness of hair and skin in a spectrum of personal care items. For example, data from the International Trade Administration, a government agency in the US, from July 2022 stated that the cosmetic market in Canada racked up approximately $1.2 billion in revenue for the year 2021. It is predicted to grow annually by 1.45%, with revenue forecasted to touch $1.8 billion by 2024. Consequently, the upward trend in the cosmetic industry is propelling the conditioning agent market forward.
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Which Businesses Are at the Forefront of Conditioning Agent Market Development?
Major companies operating in the conditioning agent market are BASF SE, Dow Inc., Evonik Industries AG, Solvay S.A., Kao Corporation, Akzo Nobel N.V., Eastman Chemical Company, Wacker Chemie AG, Lonza Group Ltd., Nouryon, Symrise AG, Stepan Company, Croda International Plc, Lubrizol Corporation, Ashland Global Holdings Inc., Momentive Performance Materials Inc., Vantage Specialty Chemicals, Galaxy Surfactants Ltd., Seppic, Gattefossé, United-Guardian Inc.
What Are the Latest Innovations in the Conditioning Agent Market?
Leading businesses in the conditioning agent market are stepping up their product innovation activities, focusing particularly on the development of quat-free conditioning agents, to gain an upper hand in the sector. Quat-free conditioning agents are hair grooming products that condition and smoothen hair without using quaternary ammonium compounds, also known as quats. Case in point, in May 2023, UK-based chemical enterprise, Croda International plc, rolled out Incromine BD, a quat-free conditioning agent, to cater to the rising demand for eco-friendly and ethically-made hair care offerings. Incromine BD is a versatile, creamy leave-in conditioner that offers superior detangling properties and tames even the unruliest of hair. The conditioner, being biodegradable, vegan-friendly, and cruelty-free, serves as an appealing alternative to synthetic quaternary ammonium compounds typically found in hair conditioners, shampoos, and lotions. This product has 73% naturally derived content, is non-GMO, has Halal certification, and is registered in the Inventory of Existing Cosmetic Ingredients in China (IECIC). Thanks to its sustainability-focused profile and effectiveness, Incromine BD is set to become a favored option for creators looking for top-grade, quat-free conditioning agents, which resonate with the clean beauty trend and consumer inclination towards transparent and ethical sourcing of ingredients.
How Is the Conditioning Agent Market Segmented?
The conditioning agent market covered in this report is segmented -
1) By Type: Skin Conditioning Agents, Hair Conditioning Agents, Fabric Conditioning Agents
2) By Price Range: Economic, Medium, Premium
3) By Sales Channel: Hypermarket Or Supermarket, Departmental Stores, Online, Others Sales Channel
4) By Application: Creams And Lotions, Body Wash, Face Wash, Shampoo, Hair Conditioners, Hair Serum And Gels, Fabric Conditioners, Other Applications
Subsegments:
1) By Skin Conditioning Agents: Emollients, Humectants, Occlusives, Anti-Aging Agents, Soothing And Healing Agents, Moisturizers, Exfoliants
2) By Hair Conditioning Agents: Silicone-Based Conditioners, Protein-Based Conditioners, Fatty Alcohol-Based Conditioners, Natural Oil-Based Conditioners, Humectants For Hair, Anti-Frizz Agents, pH Adjusters For Hair, Detangling Agents
3) By Fabric Conditioning Agents: Softening Agents, Anti-Static Agents, Fragrance Agents, Color Protecting Agents, Water Repellent Agents, Anti-Wrinkle Agents, Fabric Refreshers And Odor Neutralizers
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Where Is the Conditioning Agent Market Growth Most Prominent?
Europe was the largest region in the conditioning agent market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conditioning agent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Conditioning Agent Global Market Report?
- Market Size Analysis: Analyze the Conditioning Agent Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Conditioning Agent 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 Conditioning Agent Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Conditioning Agent Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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