The personal care ingredients market (Mercado de ingredientes para el cuidado personal) value is anticipated to thrive at an average CAGR of 4.6% between 2024 and 2034. The market is expected to have a market share of USD 21,416.2 million by 2034, while it is likely to be valued at USD 13,643.4 million in 2024. The shift of consumers from chemical-based components to botanical extracts is due to the evolvement of product formulations, increasing research and development activities across the world, and nascent consumer awareness about combinations of botanicals and other active ingredients.
- The rising demand for organic and natural ingredients for personal care in supplements, cosmetics, and consumables is flourishing the market growth. Furthermore, the expanding men’s segment for personal care with the gender-neutral fashion trends in the market growth.
- The higher sales of ingredients of skincare products that are anti-aging and anti-fungal, along with the application of skin conditioning agents, are increasing the market size. Moreover, increasing awareness of their skincare due to rising pollution also pushes the demand for personal care ingredients.
- New innovative products with higher natural and organic ingredients, no side effects, and chemicals are expected to change the market dynamics during the forecast period.
- Apart from the new product launches, the accessibility of e-commerce platforms and higher production of hair care and skin care products are also garnering attention from the market.
- Higher potential can be seen in emerging economies and rapid growth in multifunctional personal care applications, with social media channels influencing the end users. These personal care ingredients include surfactants, modifiers, emulsifiers, emollients, rheology, etc.
Key Points
- The United States market leads the North American personal care ingredients market in terms of market share in North America. The United States held a market share of 2.6% in 2034. The factors attributed to the higher cosmetic and personal care consumption, new brands launching organic products, and greater influence of social platforms.
- The German personal care ingredients market held a market share of 2.7% in 2034. Higher imports cause market growth. Europe is the hub of the fashion industry, along with the demand for projects.
- The Indian market thrives at an average CAGR of 6.9% between 2024 and 2034. The growth is attributed to the increased per capita income, changing lifestyle, and the effective influence of social media.
- The Chinese market also thrives at a CAGR of 5.9% during the forecast period.
- Based on product type, the emollient segment leads the market, as it held a market share of 28.4% in 2024.
- Based on application type, the skincare segment strives as it accumulated a revenue share of 35.6% in the global market in 2022.
“The rising demand for personal care ingredients is significantly driven by consumer preferences for multifunctional, natural, and ethically sourced products. As the “clean beauty” movement gains momentum, transparency and eco-conscious formulations are becoming key growth factors in the industry”– says an analyst at Future Market Insights, Inc.
Competitive Landscape
The key suppliers focus on launching more products involving organic and natural components. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Clariant AG has introduced a new range of personal care products in India with plant-based actives, vegetable oils, and natural emulsifiers.
- Wacker Chemie AG has recently launched make-up, hair care, sun care, oral care, insect repellant, skincare, and bath care products with the focus of producing natural and chemical effects of higher effectiveness.
Leading Personal Care Ingredient Brands
- BASF SE
- The Dow Chemical Company
- Croda International Plc
- Ashland Global Holdings Inc.
- Solvay S.A.
- Clariant AG
- Evonik Industries AG
- The Lubrizol Corporation
- Eastman Chemical Company
- Nouryon Chemicals B.V.
- Kao Corporation
- ADEKA Corporation
- Givaudan SA
- Innospec Inc.
- Merck KGaA
- L’Oréal S.A.
- Unilever PLC
- Lonza Group AG
Market Trends and Opportunities in Personal Care Ingredients: Access Detailed Insights and Analysis – Unlock Comprehensive Insights by Reading the Full Report Now!
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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