Surfactant and skincare sectors of the market was the most appealing
Category: Chemicals & Materials Published Date : May 2022 ID: CVC-00104-C Format: PDF Pages: 354
Cosmetic Ingredients Market Overview
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 4.6% 2022 and 2030 to hit US$ 48.97 Bn by 2030 end. In 2030, The market is expanding owing to the growing demand for cleansing agents & foamers, aroma, moisturizing, and specialty in cosmetic products.
The growing focus on improving and modifying the textural features of various ingredients used in the personal care and cosmetics industry, as well as rising consumer awareness of the benefits and risks of using products containing certain specific elements, is expected to fuel demand in the global cosmetic ingredients market in the coming years.
Key Market Insights:
Growth Driver: Higher perceptions of beauty, rising ability to invest, increased per capita income and urbanized population, and expanding need for experts are expected to drive considerable development. The producer is constantly developing premium beauty products in response to increased customer demand for high-end cosmetics, fuelling the expansion of the cosmetic ingredients market. The worldwide cosmetic ingredients market is expected to be driven by a significant increase in demand for multifunctional components for skincare and personal care products.
Market Opportunity: The worldwide market for cosmetic ingredients is expanding rapidly, and this trend is projected to continue in the future years. The demand for multifunctional chemicals in skincare and personal care products has skyrocketed. During the forecasted timeframe, advances in skincare products increased health awareness, and increased demand for personal care products is projected to produce possibilities in the worldwide personal care ingredients market.
Market Trend: Several vital players invest a fair share of their revenue in research and development in boosting their product portfolio, with market participants focusing on technological development and utilizing a product in several applications. Surfactants had the most significant market share of roughly 24%, which is expected to continue over the projection period.
The expansion of e-commerce sales in growing countries such as Brazil, South Africa, China, India, Mexico, North America, and Western European countries is expected to boost cosmetic ingredient market growth. Flipkart and Amazon had combined total sales of US$ 3.5-3.7 billion in the last six days, up 33% over the previous year. This is due to increased anti-aging expression demand from the expanding middle-aged and geriatric population and shifting beauty trends.
Market Segments Analysis
To remain competitive in the industry, key market players are investing in expanding their market footprint. Key players invest in mergers and acquisitions, new product development, and expansions. Key players invest significantly in applying cosmetic ingredients in various emerging application fields to bolster their revenue growth.
Some of the key developments that have taken place in the cosmetic ingredients market include:
A list of some of the key players present in the market are:
Segments Covered in Report
By Product Type:
By Region and Country:
Global Cosmetic Ingredients Market 2017-2030: Report Coverage and Highlights
|Historical Data Available for||2017-2022|
|Market Analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key Regions Covered||North America, Latin America, Europe, Asia-Pacific, Middle East, Africa|
|Key Countries Covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key Segments Covered||Product Type, Functionality, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving chemicals & materials, oil & gas, and alternate energy clients worldwide. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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