Global Cosmetic Ingredients Market Is Estimated To Witness A Growth Rate Of 4.60% Over The Forecast Period

Global Cosmetic Ingredients Market is estimated to witness a growth rate of 4.60% over the forecast period owing to significant demand of Blending agent in Cosmetic Industry According to a ChemView Consulting Analyst.

According to a research analysis conducted by ChemView Consulting, In 2021, the worldwide cosmetic ingredients market was worth US$ 32.67 Bn, and it is expected to grow at a CAGR of 4.60% between 2022 and 2030 to hit US$ 48.97 Bn by 2030 end. The market is expanding owing to the growing demand for cleansing agents & foamers, aroma, moisturizing, and specialty in cosmetic products.

Global Cosmetic Ingredients Market 2022-2030: Report Key Highlights

  • CAGR of the market during the forecast period 2022-2030
  • Detailed information on factors that will assist Global Cosmetic Ingredient’s growth during the next ten years
  • Assessment of the historical and current Global Cosmetic Ingredients market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the Global Cosmetic Ingredients across North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa
  • Strategic intelligence of the market’s competitive landscape and detailed information on vendors
  • Key success factors and recommendations to drive the stakeholder’s growth in the Global Cosmetic Ingredients market and gain a competitive advantage

For More Details Visit Our Report Page:

Primary insights to understand what will shape the market growth over the next decade

Key Takeaways

  • Significant increase in pharmaceutical and personal care ingredients are the raw materials used to make skincare products worldwide. These compounds can be utilized in skincare products as antifungal, anti-aging, skin conditioning, and other properties. Ingredients can also be divided into active and inactive categories.
  • North America is expected to be the fastest expanding market because of the increased need for personal care ingredients. Due to the rising demand for personal care and hygiene, the sector is expected to develop faster throughout the projected period.

Competition Summary: The market of Cosmetic Ingredients is estimated to be a consolidated market. Key players account for a fair share of the overall business, with few prominent players dominating the global market. Key market participants in the international industry of Cosmetic Ingredient have been estimated to account for about 35 to 40% of the overall market share.

Key players are investing significantly in expanding their business footprint all over the globe through expansion, acquisitions, partnerships, and collaborations strategies. Key players are also investing in catering to the emerging applications for the product to gain maximum profit from the emerging fields. For instance, In 2019, Evonik launched a new active ingredient ROVISOME Sensitive N.G., a new solution for sensitive skin products. This launch helps to affirm advanced specialty chemical technologies that address real consumer needs in the skincare market.

Key companies covered in the market study: BASF SE, AkzoNobel N.V., Croda International Plc, The Dow Chemical Company, Eastman Chemical Company, Clariant AG, Wacker, Chemie AG, Evonik Industries AG, Lonza Group Ltd., and Solvay SA.

Segments Covered in Report

By Product Type:

  • Surfactant
  • Emollient
  • Polymer
  • Oleo-chemical
  • Botanical Extract
  • Rheology Modifier
  • Preservatives
  • Emulsifier & Stabilizer
  • Others (Vitamins, Minerals, Protein)

By Application:

  • Skin Care
  • Hair Care
  • Makeup
  • Fragrance
  • Oral Care
  • Others (Shaving and Toiletries)

By Functionality:

  • Cleansing Agents & Foamers
  • Aroma
  • Moisturizing
  • Specialty
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

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