Personal Care Ingredient Market Size and Growth Analysis with Competitive Share and Forecast, 2026-2031

The global personal care ingredients market is witnessing steady growth, driven by rising disposable income, evolving lifestyles, and increasing purchasing power worldwide. Growing consumer awareness regarding personal grooming and hygiene continues to support market expansion across developed and emerging economies.

According to a report published by Allied Market Research, the market was valued at $10.4 billion in 2021 and is projected to reach $18.5 billion by 2031, registering a CAGR of 6.0% from 2022 to 2031. The comprehensive study analyzes key investment pockets, winning strategies, market trends, drivers, opportunities, and competitive landscape to help stakeholders make informed business decisions.

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Key Market Highlights:

- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size (2021): $10.4 Billion
- Market Size (2031): $18.5 Billion
- CAGR: 6.0%
- Segments Covered: Source, Application, Ingredient Type, and Region

Market Drivers, Opportunities & Restraints:-

Drivers

- Rising disposable income and growing purchasing power
- Changing standards of living and increased focus on grooming

Opportunities:

- Continuous innovation in skincare formulations
- Increasing health and hygiene awareness among consumers

Restraints:

- Side effects associated with chemical-based personal care ingredients

Segmental Analysis:

By Source:

- Synthetic ingredients accounted for nearly two-thirds of the market revenue in 2021 and are expected to maintain dominance through 2031.

- Natural ingredients are projected to witness the fastest CAGR of 6.1%, reflecting growing consumer preference for clean-label and sustainable products.

By Application:

- Skin care held more than one-third of total revenue in 2021 and is anticipated to retain its leading position.
- Toiletries are expected to register the fastest CAGR of 6.7% during the forecast period.
- Other applications include industrial haircare, makeup, fragrances, and oral care.

By Ingredient Type:

- UV absorbers contributed over one-fourth of total revenue in 2021 and are projected to remain dominant.

- Rheology control agents are anticipated to grow at the fastest CAGR of 7.3%.

- Other key ingredients include emollients, surfactants, emulsifiers, antimicrobials, hair fixative polymers, and conditioning polymers.

By Region:

- North America accounted for nearly one-third of global revenue in 2021 and is expected to retain its leadership.

- Asia-Pacific is projected to witness the fastest CAGR of 6.5%, driven by rapid urbanization, population growth, and rising beauty consciousness.

- Other regions analyzed include Europe and LAMEA.

Competitive Landscape:-

Leading companies operating in the global personal care ingredients market include:

- Croda International Plc
- Clariant AG
- BASF SE
- Berkshire Hathaway Inc. (The Lubrizol Corporation)
- Dow Inc.
- Ashland Global Holdings Inc.
- KCC Corporation (Momentive Performance Materials)
- Solvay S.A.
- Evonik Industries AG

These players are adopting strategies such as partnerships, collaborations, expansions, and joint ventures to strengthen their market presence and expand their global footprint.

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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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