Global Emollients Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The emollients market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to skin care industry growth, personal care products demand, cosmetic and beauty trends, rise of natural and organic products, aging population and anti-aging products. The emollients market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising awareness of skin health, customization in beauty products, innovation in sustainable and ethical products, emergence of indie beauty brands, expansion of men’s grooming market. Major trends in the forecast period include technological advancements in ingredient science, digital influence on beauty trends, rise in natural and organic emollients, emphasis on sustainability and green chemistry, growing demand in personal care products.
The emollient market is expected to grow due to the increasing demand for personal care products. Personal care products, crucial for grooming and maintaining personal hygiene, incorporate emollients to alleviate skin irritation and dryness. These ingredients, used in skincare products, offer moisturizing effects, smooth fine lines and wrinkles, and address signs of aging. In March 2023, the consumer price index for personal care products in major US cities grew by 6.59%, indicating a rising demand. The escalating need for personal care products is a driving force behind the growth of the emollient market, with market size considerations for 2023, 2024, and 2028.
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What Are The Key Trends That Influence Emollients Market Share Analysis?
Major companies in the emollients market are focusing on innovative products like SonneNatural NXG to enhance lip care and personal care formulations. SonneNatural NXG is a plant-based emollient introduced by Sonneborn, LLC in November 2022. It reduces the need for thickeners or waxes, providing a non-greasy application with excellent moisture retention and a luxurious feel. This product caters to the growing demand for sustainable, plant-based solutions and is vegan certified, making it suitable for a range of personal care applications.
Which Market Players Are Driving Growth In The Emollients Market?
Major companies operating in the emollients market report are Cargill Incorporated, BASF SE, The Dow Chemical Company , Peter Cremer North America LP, Stephenson Group Ltd., Evonik Industries AG, Sasol Limited, Solvay SA, Kao Corporation, Croda International plc, Univar Solutions Inc., Eastman Chemical Company, The Lubrizol Corporation, Lonza Group Ltd., Clariant AG, Stepan Company, Ashland Inc., Innospec Inc., Elementis plc, Emery Oleochemicals LLC, Sonneborn LLC, Pilot Chemical Corp., Oleon NV, Vantage Specialty Chemicals, Bio-Botanica Inc., Village Vitamin Food Company LLC, Hallstar, Jarchem Industries Inc., Colonial Chemical Inc., Lipo Chemicals Inc.
How Is The Global Emollients Market Segmented?
The emollients market covered in this report is segmented –
1) By Type: Esters, Fatty Alcohols, Fatty Acids, Ethers, Silicones, Other Types
2) By Form: Solid, Liquid
3) By Application: Skin Care, Hair Care, Deodorants, Oral Care, Other Applications
4) By End User: Cosmetics Industries, Toiletries Industries, Oral Care Industries, Other End-Users
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The Emollients Global Market Report 2024 provides an overview of the emollientsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The emollients market forecast analyzes emollients market size, emollients market share, leading competitor and their market positions.
The Table Of Content For The Emollients Market Include
1. Emollients Market Executive Summary
2. Emollients Market Segments
3. Emollients Market Size And Template Market Growth Rate
4. Key Emollients Market Trends
5. Major Emollients Market Drivers
……
25. Key Mergers And Acquisitions In The Emollients Market
26. Top Emollients Companies
27. Emollients Market Opportunities And Strategies
28. Emollients Market, Conclusions And Recommendations
29. Appendix
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