0

Personal Care Ingredients Market Expected to Reach $18.5 Billion by 2031—Allied Market Research

 
2022
Personal Care Ingredients Market

Report Code : A03985

quote Personal care products have become an essential part of the consumer’s life. It includes shampoos, soaps, hair gel, anti-ageing face creams, sunscreen products, moisturizing lotions, liquid soaps, hair oil, and many more. Increasing consumer income levels in the developing countries and higher demand for personal care products drives the global personal care ingredients market growth quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Personal Care Ingredients Market," The personal care ingredients market was valued at $10.4 billion in 2021, and is estimated to reach $18.5 billion by 2031, growing at a CAGR of 6.0% from 2022 to 2031.

Personal care ingredients are the ingredients that may be natural or synthetic used in the skin care, hair care, and other personal care cosmetic products. Personal care ingredients such as rheology control agents, emollients, UV absorbers, surfactants, emulsifiers, antimicrobials, and others are used in the production of skin care and other personal care products. Increase in demand for personal care products along with rise in health awareness is driving the growth of the personal care ingredients market during the forecast period. However, a stringent government regulation toward harmful synthetic ingredients for skin is expected to restrain the growth of the market in the upcoming years.

The global personal care ingredients market has been analyzed on the basis of source, which includes natural ingredients and synthetic ingredients. The synthetic ingredients segment garnered the highest personal care ingredients share of 66.5% in 2021. This is owing to increase in demand for skin care and other personal care products from the developing economies along with increase in purchasing power of consumers.

The global Personal care ingredients market is segmented on the basis of product type, base oil, end-use industry and region.

In 2021, on the basis of ingredients type, the UV absorbers segment dominated the highest market share of around 26.1% and is projected to maintain the same during the forecast period. This is owing to rise in demand for anti-aging formulations from the growing middle-aged and geriatric population and changing beauty trends.

In 2021, on the basis of application, the skin care segment accounted for around 34.7% of the global personal care ingredients market share. This is owing to increase in demand for skin care products such as sun care products, body lotions, facial creams, and others from the consumers across the globe. In addition, the use of innovate ingredients such as polyhydroxy acids and plant-based retinol alternatives such as Bakuchiol to manufacture skin care products have created new personal care ingredient market trend.

Based on region, the global personal care ingredients market analysis across North America, Europe, Asia-Pacific, and LAMEA. Historically, a developed region such as North America dominated the market, accounting for almost 32.8% of the global personal care ingredients market share and is expected to consolidate its position throughout the forecast period. This is owing to huge consumer base, increase is use of skin care products, and other personal care products in this region.

The market players operating in the global personal care ingredients market are Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant AG, Croda International Plc, DOW, Inc., Evonik Industries AG, J.M. Huber Corporation, KCC Corporation (, and Solvay S.A. Other players operating in the value chain of the personal care ingredients market are Wacker Chemie AG, Akzo Nobel N.V., Huntsman International, Cargill, Inc., Lonza Group, and others.

IMPACT OF COVID-19 ON THE GLOBAL PERSONAL CARE INGREDIENTS MARKET

  • There is uneven impact of COVID-19 pandemic on the personal care ingredients market, due to the lockdown implemented in almost every economy across the globe to break the chain of spreading of coronavirus. This resulted in shutting off the operations, manufacturing, distribution, and beauty shops. Thus, there is decrease in demand for cosmetic products from the beauty shops, institutes, salons, and others, which in turn resulted in the sluggish growth in the 2020.
  • Demand for color cosmetics, hair styling, and sun care products declined significantly during the pandemic. Given the lockdowns and restrictions instituted by governments worldwide, people were forced to shift to working from home and avoiding recreational activities, leading to a decline in demand for these products. In turn, demand for cosmetics ingredients, hair fixative polymers, and UV-protection ingredients took a sharp hit in 2020. Furthermore, increase in demand for personal care & cosmetic products (Sanitizer, Soap, Disinfectants, & others) and other home cleaning chemicals is maintaining the growth rate of the personal care ingredients market, which in turn resulted in less impact of COVID-19 on this sector.
  • According to The American Chemistry Council (ACC), volume gain is occurred in the cosmetic additives and flavor & fragrances in the U.S. and other specialty chemicals segment registered decrease in volume gain during pandemic. But this change in personal care ingredients market may be different for other economies across the globe.
  • From beginning of 2021, various industries, manufacturing units, offices, shops started their operations due to which the demand for personal care ingredients improved across the globe. In 2021, the chemical industry resumed their operations due to which the demand and supply gap of raw materials required for personal care ingredients also improved.

KEY FINDINGS OF THE STUDY

  • Based on source, the synthetic ingredient emerged as the global leader by acquiring around 66.5% of the global personal care ingredient market share in 2021, and is anticipated to be the largest markets during the forecast period.
  • Based on ingredients type, the UV absorbers emerged as the global leader by acquiring around 26.1% of the global market share in 2021, while rheology control agents is anticipated to be the largest markets during the forecast period.
  • On the basis of applications, skin care segment registered the highest market share of around 34.7% and is projected to maintain the same during the forecast period.
  • North America is the major consumer of personal care ingredients among other regions. It accounted for around 32.8% of the global market share in 2021 as a result of huge consumer base and increase in demand for personal care products.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Personal Care ingredient Market by Source (Natural Ingredients and Synthetic Ingredients), Ingredients Type (Rheology, Control Agents, Emollients, UV Absorbers, Surfactants, Emulsifiers, Antimicrobials, Hair Fixative Polymers, and Conditioning Polymers) and Application (Skin Care, Hair Care, Toiletries, Makeup, Fragrances, and Oral Care): Global Opportunity Analysis and Industry Forecast 2022–2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Feb 2024

Servo Motors Market

Download Sample
rep-img

Published Date Feb 2024

Quantum Sensors Market

Download Sample
rep-img

Published Date Feb 2024

Circulator Pumps Market

Download Sample

Buy Full Version
"Personal Care Ingredients Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers