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Global Personal Care Ingredients Market Size, Share, and Forecast Analysis 2025-2029
Personal Care Ingredients Market Size
What Are the Personal Care Ingredients Market Size Forecast for 2025?
The market size for personal care ingredients has significantly expanded over the past few years. The market will develop from $16.18 billion in 2024 to $17.22 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the historic period include the emergence of beauty and wellness trends, advances in skincare and cosmetic products, rising consumer predilection for natural and organic products, the aging populace, the proliferation of anti-aging items, and regulatory benchmarks for safety of ingredients.
What Is the Market Size Outlook for Personal Care Ingredients Until 2029?
In the coming years, the personal care ingredients market is anticipated to experience robust growth, with the market expected to reach a value of $23.74 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.4%. The projected growth in this period is primarily due to factors such as the adoption of sustainable packaging and supply chain procedures, an ongoing demand for eco-friendly and clean beauty products, increased interest in personalized skincare products, expansion of products focused on men's grooming, and a heightened emphasis on mental wellness. The forecast period is set to witness trends such as the popularity of microbiome-friendly personal care items, AI-based skincare suggestions, the availability of vegan and cruelty-free ingredients, the use of nanotechnology in ingredient delivery, and the integration of and hemp-derived components.
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What Are the Major Factors Driving Demand in the Personal Care Ingredients Market?
The swell in the young population is anticipated to fuel demand in the personal care ingredients market throughout the future forecast timeline. The escalating desire among young people to maintain a good and presentable appearance propels the demand for personal care items. For example, in November 2022, the Partnership for Maternal, Newborn & Child Health (PMNCH), an alliance based in Switzerland devoted to fostering and enhancing the health of mothers, newborns, and children on a global scale, reported that the global count of young people aged between 10 and 24 rose to an unparalleled 1.8 billion. As a consequence, the growth in the number of young individuals is projected to stimulate the demand for personal care items, which in turn is anticipated to boost overall market expansion in the future.
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How Are End-Use Segments Shaping the Personal Care Ingredients Market Outlook?
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
What Are the Strategic Trends Transforming the Personal Care Ingredients Market Landscape?
In response to the growing demand for eco-friendly beauty care options, key players in the personal care ingredients market are introducing biosurfactants. These are naturally derived, surface-active compounds created by microorganisms, capable of lowering surface tension and strengthening the interaction between liquids and solids. For example, in June 2022, Solvay, a chemical firm based in Belgium, introduced Mirasoft SL L60 and Mirasoft SL A60. These 100% biobased and biodegradable biosurfactants are formulated from rapeseed oil and sugar. The cost-effective fermentative production of these glycolipid biosurfactants targets a wide range of beauty care uses, such as shampoos, conditioners, and facial cleansers.
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Who Are the Prominent Companies in the Personal Care Ingredients Market by ?
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
Which Region Is Expected to See the Highest CAGR 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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