Press release
Nanomaterials In Cosmetic And Personal Care Market Poised to Hit $4.69 Billion by 2029 with Accelerating Growth Trends
Nanomaterials In Cosmetic And Personal Care Market Size
Nanomaterials In Cosmetic And Personal Care Market Size Growth Forecast: What to Expect by 2025?
The market size of nanomaterials in the cosmetic and personal care industry has experienced a swift expansion in the past few years. Forecasts indicate an increase from $2.43 billion in 2024 to $2.78 billion in 2025, with an impressive compound annual growth rate (CAGR) of 14.2%. The substantial growth during the previous period is due to factors such as improved product efficiency, cutting-edge developments in drug delivery systems, consumer preferences for premium products, advancements in regulatory and safety measures, and progress in nanotechnology research.
How Will the Nanomaterials In Cosmetic And Personal Care Market Size Evolve and Grow by 2029?
In the ensuing years, the nanomaterials in cosmetic and personal care market is anticipated to witness rapid expansion, forecasted to reach $4.69 billion in 2029 with a compound annual growth rate (CAGR) of 14.0%. This projected growth during the forecast timeframe is attributable to advancements in the domain of nanotechnology, increasing consumer inclination towards high-quality products, rising cognizance about skin health, an upward trend in personalized beauty merchandise, and progression in regulatory guidelines and safety standards. The epoch will witness key trends such as heightened delivery systems, protective sunscreens and UV shielding products, anti-aging merchandise, environment-friendly and sustainable nanomaterials, and enhanced product stability.
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What Drivers Are Propelling the Growth of Nanomaterials In Cosmetic And Personal Care Market Forward?
The projected growth in the nanomaterials sector within cosmetic and personal care markets is attributed to the expanding aging population. This escalation is the result of a decrease in birth rates coupled with an increase in life expectancy, due to progress in healthcare and enhanced living circumstances. Nanomaterials are being deployed in products catering to the older demographic, ensuring a more focused delivery of active components, boosting skin renewal and reducing age-related indicators, while minimizing potential discomfort or side effects. For example, the World Health Organization, a Switzerland-based global health institution, predicted in October 2022 that one-sixth of the world's population will be over 60 years old, moving up from 1 billion in 2020 to 1.4 billion by 2030. Additionally, it's anticipated that the count of people over 60 years of age will double to 2.1 billion, and those over 80 will triple to 426 million by 2050. Hence, the booming aging population is fuelling the expansion of nanomaterials in cosmetic and personal care markets.
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Which Emerging Trends Are Transforming the Nanomaterials In Cosmetic And Personal Care Market in 2025?
Leading businesses in the nanomaterials sector of cosmetics and personal care are investing in the creation of unique sunscreen components, like titanium dioxide, to bolster UV shielding capabilities and satisfy rising consumer desires for efficient, visually satisfying sun defense solutions. Titanium dioxide plays the role of an opacifying compound in cosmetic products, aiding in the production of a matte look and reducing the visibility of skin flaws including fine lines, wrinkles, and spots. For example, in December 2023, Croda International plc, a British specialty chemical company, unveiled a series of progressive sunscreen ingredients designed to deliver optimal UV shield while ensuring a pleasing cosmetic effect for customers. Solaveil CT-60W is a titanium dioxide (TiO2) water-based concoction, developed to provide high SPF values without the typical whitening caused by TiO2. This recipe harnesses modern technology to offer robust UV protection while keeping its transparency when applied on the skin.
What Are the Key Segments in the Nanomaterials In Cosmetic And Personal Care Market?
The nanomaterials in cosmetic and personal care market covered in this report is segmented -
1) By Product: Inorganic Nanomaterials
2) By Material: Metal-Based Nanomaterials, Mineral-Based Nanomaterials, Polymer-Based Nanomaterials
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
4) By End-User Industry: Cosmetic And Personal Care, Skincare, Haircare, Makeup, Other End-User Industries
Subsegments:
1) By Inorganic Nanomaterials: Titanium Dioxide (TiO2) Nanoparticles, Zinc Oxide (ZnO) Nanoparticles, Silica Nanoparticles, Aluminum Oxide (Al2O3) Nanoparticles, Magnesium Oxide (MgO) Nanoparticles
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Who Are the Key Players Shaping the Nanomaterials In Cosmetic And Personal Care Market's Competitive Landscape?
Major companies operating in the nanomaterials in cosmetic and personal care market are Johnson & Johnson, Christian Dior SE, Procter & Gamble Company, L'Oréal S.A., Chanel Inc., Shiseido Company, Limited, Croda International plc, Lancôme, Nippon Fine Chemical Co. Ltd., Creative Biostructure, Lucas Meyer Cosmetics Canada Inc., Nikko Chemicals Co. Ltd., Anna Pegova, Dermazone Solutions Inc., Lipoid Kosmetik AG, Zelens, Nanovec, Lipotec S.A., Lipomize SRL, BioSpectrum Inc., CD Bioparticles, kyowa pharma chemical co. ltd., Phenbiox Srl
What Geographic Markets Are Powering Growth in the Nanomaterials In Cosmetic And Personal Care Market?
North America was the largest region in the nanomaterials in cosmetic and personal care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials in cosmetic and personal care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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