Global Cosmetic Ingredients Market Insights
The global Cosmetic Ingredients market is estimated to grow at a significant CAGR during the forecast period. Increase in purchasing power of consumers in developing countries and changing lifestyle preferences are some of the primary drivers of growth in the cosmetic ingredients market. Growing demand for multifunctional ingredients is also estimated to have a positive impact on the market.
However, stringent Government regulations and restrictions associated with use of certain ingredients in cosmetics are expected to hinder growth in the global cosmetics ingredients market. Growing demand for consumer products in emerging economies is likely to further boost demand for cosmetic ingredients.
Global Cosmetic Ingredients Market: By Product Type
The global Cosmetic Ingredients market can be classified based on type into Surfactants, Emulsifiers, active ingredients, modifiers, Antimicrobials, UV absorbers, Emollients, and Conditioning polymers among others. The emollients segment is expected to hold the largest market share during the forecast period. Emollients are used extensively in skin care products such as face creams, skin cleansers, shampoos and conditioners among others. The active ingredients segment is projected to grow at a high CAGR owing to growing demand for multi-functional products.
Global Cosmetic Ingredients Market: By Application
The global Cosmetic Ingredients market can be segmented on the basis of application into skin care products, nail products and make-up products among others. The skin care products segment is expected to hold the largest market share in terms of revenue during the forecast period. This can be attributed to growing demand for anti-ageing products, acne products, fairness and skin hydrating products among others. Application of cosmetic ingredients in make-up is also expected to hold a significant market share in terms of revenue.
Global Cosmetic Ingredients Market: Regional Insights
Asia Pacific is expected to hold the largest market share in terms of revenue during the forecast period. Growth in population along with rapid urbanization are some of the factors driving growth in the Asia Pacific cosmetic ingredients market. India, China, South Korea, Japan and Indonesia are some of the major contributors to market share in the Asia Pacific region. North America is expected to hold the second largest market share in terms of revenue, followed by Europe. High disposable income of the population and growing demand for skin and hair care products is expected to boost growth in the market.
Global Cosmetic Ingredients Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Global Cosmetic Ingredients Market: Share & Competitor Analysis
Some of the key players operating in the Cosmetic Ingredients markets are BASF SE, The Dow Chemical Co., Ashland Inc., Rhodia, DuPont Tata & Lyle Bio Products, Sederma Inc., Sumitomo Group, Akzo Nobel N.V., Lonza Group Ltd., Clariant AG and Wacker Chemie AG among others.
In 2018, Tri-K added NaturePrep Amarnath and NaturePrep Quinoa to its portfolio of natural peptides.
Beraca introduced Tucuma Butter to its portfolio of plat-derived oils and butters in 2018.
In 2018, Cargill launched a portfolio of bio-based cosmetic ingredients in the Asia Pacific region.
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