Future Outlook of the Global Emollients Market 2024-2033: Size and Growth Rate Predictions
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Emollients Market: What is the Projected CAGR for 2024-2033?
In recent times, the size of the emollients market has significantly expanded. The market, valued at $1.51 billion in 2023, is projected to increase to $1.59 billion in 2024, growing at a compound annual growth rate (CAGR) of 5.2%. This substantial growth during the historic period can be credited to factors such as the expansion of the skincare industry, the growing demand for personal care products, prevailing cosmetic and beauty trends, the popularity of natural and organic products, and the effects of an aging population along with the increased need for anti-aging products.
In the approaching years, the emollients market is anticipated to witness a robust growth, with the market size escalating to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The expansion during the projection period can be ascribed to the increasing knowledge of skin health, personalization in beauty products, development in ethical and sustainable products, the advent of indie beauty brands, and the growth of the men’s grooming market. Key trends in the projection period take into account the progression in ingredient science technology, the digital influence on beauty, hike in demand for natural and organic emollients, focus on sustainability and green chemistry, and an escalating demand in personal care products.
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What Are the Primary Drivers Supporting the Growth of the emollients Market?
The surging prerequisite for personal hygiene solutions is envisioned to spur the emollient market’s progress. Personal maintenance and cleanliness items fall under the category of personal care products. They often incorporate emollients, which are constituents that assuage skin irritation and dryness. These components offer several benefits, including moisturization, fine line and wrinkle reduction, improvements in photodamage, and slowing the aging process. They’re prevalent in a multitude of personal care and skincare products. To illustrate, the Federal Reserve Economic Data, a US online database firm, revealed in March 2023 that the consumer price index for personal care commodities shot up from $160.22 in January 2022 to $171.53 in major American cities by February 2023, indicating a 6.59% increase. Hence, due to the escalating demand for these personal care products, the emollient market is experiencing growth.
What Are the Core Segments of the Emollients Market?
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
What Trends Are Paving the Way for Change in the Emollients Market?
Large emollients market players, such as Sonneborn, LLC, are concentrating on the development of innovative products like SonneNatural NXG to improve the composition of lip care and personal care items. This botanical emollient is crafted to be used in personal care items, offering the advantage of a non-greasy application, exceptional water retention, and a luxurious aftermath. What sets it apart is its ability to reduce the requirement for thickeners or waxes in formulations. Released in November 2022, SonneNatural NXG is built to offer consistent hydration while also offering low scent and stability. This game-changing product is being promoted as a high-quality, botanical emollient for formulators, especially those creating lip balms, lipsticks, body lotions, facial scrubs and more. Being part of Sonneborn’s organic, plant-based emollient range, it addresses the increasing market demand for green, plant-derived solutions. As a bonus, it also comes in a palm-free version and is accredited vegan. This makes it appropriate for a wide spectrum of personal care needs.
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Which Regions Are Leading the Charge in Emollients Market Development?
North America was the largest region in the emollient market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global emollients market report during the forecast period. The regions covered in the emollients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Emollients Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the emollients market, its market share, and analyzes key competitors along with 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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