The Global Personal Care Ingredients Market Report by The Business Research Company covers personal care ingredients market’s drivers and restraints, personal care ingredients market size, major players, and the impact of COVID-19 on the personal care ingredients market.
The personal care ingredients market consists of sales of personal care ingredients by entities (organizations, sole traders, and partnerships) that produce personal care ingredients for skincare, haircare, oral care, and make-up products. The ingredients used in the product are usually obtained through synthetic and natural sources. Synthetic materials include parabens, sodium lauryl sulfate, formaldehyde, and propylene glycol, whereas natural ingredients include cocoa butter, coconut oil, soy seeds, and essential oils.
The increasing young population would contribute to the demand for personal care ingredients in the forecast period.
The global personal care ingredients market is expected to grow from $12.20 billion in 2020 to $12.78 billion in 2021 at a compound annual growth rate (CAGR) of 4.81%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenge in the forecast period can be attributed to growing demand for personal care products and rise in disposable incomes. The personal care ingredients market is expected to reach $15.63 billion in 2025 at a CAGR of 5.16%.
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Some personal care ingredients market trends include key companies focusing on new product innovations to meet the demand of the consumers and benefit the users while maximize revenues. For instance, in January 2019, Symrise AG, Germany-based cosmetic ingredients company introduced the first benzyl alcohol-based preservative blend with the added power of SymSave H, SymOcide BHO. The product protects cosmetics from undesired microorganisms such as fungi and bacteria. The product also contains the multifunctional ingredients Hydrolite CG, an emollient, and SymSave H, an antioxidant. In another instance, in 2020, Germany based chemicals company, BASF SE partnered with Netherlands based Isobionics to launch Santalol, an alternative to sandalwood oil, produced on a biotechnological basis from renewable raw materials. The new alternative prevents depletion of natural resources and is suitable for use in perfumes and other personal care products.
Global personal care ingredients market segments include:
By Ingredients: Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Others
By Source: Natural Ingredients, Synthetic Ingredients
By Application: Skin Care, Hair Care, Oral Care, Cosmetics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global personal care ingredients market share.
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The Personal Care Ingredients Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides personal care ingredients market overviews, analyzes and forecasts market size, share, personal care ingredients market players, personal care ingredients market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The personal care ingredients identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Personal Care Ingredients Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: BASF SE, Ashland, Solvay, Dow, Clariant, Croda International Plc, Evonik Industries AG, J.M. Huber Corporation, Solvay S.A, Huntsman International LLC, The Lubrizol Corporation, Akzo Nobel N.V, Pharmacos, Nouryon, Lonza, Berkshire Hathaway Inc, KCC Corporation, Galaxy Surfactants, Oxiteno, Eastman Chemical Company, SABIC, Symrise, Sinerga S.p.A., SG Ceresco Inc, PRIDE SEEDS, Grain Millers Inc, Innospec, AEP Colloids, and Jarrow Formulas Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Personal Care Ingredients Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Personal Care Ingredients Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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