Personal Care Ingredients Market: An Overview of Investment Opportunities

Allied Market Research recently released a report on the global personal care ingredient market, highlighting key growth drivers, investment prospects, and challenges within the industry. Valued at $10.4 billion in 2021, the market is expected to grow to $18.5 billion by 2031, with a CAGR of 6.0% from 2022 to 2031. The report segments the market based on source, ingredients type, application and region, providing a comprehensive understanding of the sector.

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The industry's growth is primarily fueled by rising disposable incomes, which have increased consumer purchasing power, along with improvements in living standards. Additionally, there is a growing awareness among consumers about the benefits of multi-purpose products, further driving market growth. However, the market faces obstacles due to the side effects of chemical-based personal care products and stringent government regulations. On a positive note, innovations in skincare products, rising health consciousness, and growing demand for personal care items are expected to present significant opportunities in the global personal care ingredients market during the forecast period.

What does the study offer?

The report offers a detailed examination of the global personal care ingredient market, focusing on current trends and future forecasts. It identifies the key drivers, opportunities, and challenges facing the market, along with their impact during the forecast period. Porter's five forces analysis is utilized to assess the bargaining power of buyers and suppliers, as well as the competitive landscape within the personal care ingredient industry, aiding in strategic decision-making. The report also provides a thorough analysis of the factors influencing market growth, both positively and negatively. Additionally, the qualitative insights included focus on market dynamics, emerging trends, and ongoing developments.

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Companies profiled in the study

The study also provides an analysis of the competitive landscape, featuring detailed profiles of the top ten companies in the market. These key players are evaluated based on factors such as revenue, product and service offerings, geographic reach, strategic initiatives, and their overall impact on market growth. The top companies include:

Ashland Global Holdings Inc.

BASF SE

Berkshire Hathaway Inc. (The Lubrizol Corporation)

Clariant AG

Croda International Plc

DOW, Inc.

Evonik Industries AG

J.M. Huber Corporation

KCC Corporation (Momentive Performance Materials)

Solvay S.A.

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Regional outlook

Region-wise, North America led the market, holding nearly 32.8% of the global personal care ingredients market share, and is anticipated to maintain its leading position throughout the forecast period. This dominance is attributed to the large consumer base, as well as the growing demand for skincare and other personal care products in the region.

Questions covered in the analysis

What are the key factors boosting the personal care ingredients market growth?

What is the projected value of the personal care ingredients market in the forecast period 2022 to 2031?

What segments are covered in the study?

Which are the most established players in the global landscape?

What is the main influencing growth factor of the industry?

To sum up, the AMR report provides valuable insights into various facets of the industry, assisting companies in developing long-term expansion strategies. Additionally, the actionable data and market intelligence presented in the study help businesses enhance their global presence.

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