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Future of the Personal Care Ingredients Market: Trends, Innovations, and Key Forecasts Through 2034
Personal Care Ingredients Market Size
Personal Care Ingredients Market Size Growth Forecast: What to Expect by 2025?
The market for personal care ingredients has seen a substantial increase in size over the recent years. The market, which currently stands at $16.18 billion as of 2024, is projected to expand to $17.43 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.7%. This historical growth pattern can be linked to factors like the rise in beauty and wellness trends, innovation in skincare and cosmetics, customer preference for natural and organic products, an increasing aging population, the use of anti-aging products, and strict regulatory norms for the safety of ingredients.
How Will the Personal Care Ingredients Market Size Evolve and Grow by 2029?
In the upcoming years, the personal care ingredients market is predicted to experience substantial growth. It is forecasted to expand to $24.47 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.9%. This projected increase can be credited to the implementation of sustainable packaging and supply chain practices, the persistent demand for environmentally-friendly beauty products, the surge in customized skincare items, the proliferation of men's grooming merchandise, and heightened attention to mental health. Notable trends expected during this forecast period encompass microbiome-friendly personal care goods, AI-engineered skincare advice, vegan and cruelty-free ingredient alternatives, application of nanotechnology in ingredient distribution, and and hemp-influenced ingredients.
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What Drivers Are Propelling the Growth of Personal Care Ingredients Market Forward?
The surge in the younger demographic is poised to bolster the demand in the personal care ingredients market during the projected period. The escalating aspiration among the youth to maintain an appealing and respectable appearance fuels the uptake for personal care commodities. For example, a Switzerland-based alliance committed to enhancing and advocating for the wellness of mothers, newborns, and children worldwide, the Partnership for Maternal, Newborn & Child Health (PMNCH), reported in November 2022 that the global population of individuals aged 10 to 24 skyrocketed to a record-breaking 1.8 billion. Consequently, this growth in the youth demographic is anticipated to propel the demand for personal care products, leading to market expansion in the future.
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Which Emerging Trends Are Transforming the Personal Care Ingredients Market in 2025?
Leading firms in the personal care ingredients market are introducing biosurfactants in response to the growing need for eco-friendly beauty care solutions. Biosurfactants, which are naturally-derived, active surface compounds produced by microbes, possess the capability to lessen surface tension and boost the interaction between solids and liquids. For example, Solvay, a chemical company based in Belgium, rolled out Mirasoft SL L60 and Mirasoft SL A60 in June 2022. These are 100% biobased and biodegradable biosurfactants manufactured from rapeseed oil and sugar. Created through an economically viable fermentation method, these glycolipid biosurfactants are designed for multiple beauty care uses such as shampoos, conditioners, and face cleansers.
What Are the Key Segments in the Personal Care Ingredients Market?
The personal care ingredients market covered in this report is segmented -
1) By Ingredients: Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Other Ingredients
2) By Source: Natural Ingredients, Synthetic Ingredients
3) By Application: Skin Care, Hair Care, Oral Care, Cosmetics, Other Applications
Subsegments:
1) By Emollients: Natural Emollients, Synthetic Emollients, Esters and Fatty Acids
2) By Surfactants: Anionic Surfactants, Cationic Surfactants, Nonionic Surfactants, Amphoteric Surfactants
3) By Emulsifiers: Plant-Based Emulsifiers, Synthetic Emulsifiers, Natural Waxes and Gums
4) By Rheology Modifiers: Thickeners, Gelling Agents, Film-Formers
5) By Conditioning Polymers: Cationic Conditioning Agents, Nonionic Conditioning Agents, Silicone-Based Conditioners
6) By Other Ingredients: Preservatives, Fragrances, Colorants, Active Ingredients
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Who Are the Key Players Shaping the Personal Care Ingredients Market's Competitive Landscape?
Major companies operating in the personal care ingredients market include 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., Innospec Inc., AEP Colloids Inc., Jarrow Formulas Inc., Soliance, Wacker Chemie AG
What Geographic Markets Are Powering Growth in the Personal Care Ingredients Market?
North America was the largest region in the personal care ingredients market in 2024. Europe was the second largest market in personal care ingredients market share. The regions covered in the personal care ingredients market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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