Global Personal Care Ingredients Market Overview And Prospects
Learn about the global personal care ingredients market through The Business Research Company, which provides information on personal care ingredients market size, personal care ingredients market drivers and restraints, personal care ingredients market players, the COVID-19 impact on the personal care ingredients market, and more.
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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%.
The increasing young population are expected to drive innovation in personal care ingredients manufacturing, thus driving the market during the forecast period.
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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.
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 was the largest region in the personal care ingredients market in 2020.
Key companies functioning in the market are focusing on new product innovations to meet the demand of the consumers and benefit the users while maximize revenues.
TBRC’s personal care ingredients market report covers:
Major Market Players: 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)
The Personal Care Ingredients Global Market Report 2021: COVID-19 Growth and Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s personal care ingredients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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