Next-Gen Nanomaterials In Cosmetic And Personal Care : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the nanomaterials in cosmetic and personal care industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Key Projections for the CAGR of the Nanomaterials In Cosmetic And Personal Care Market Size From 2025 to 2034?
Recent years have seen a significant surge in the size of the nanomaterials in cosmetic and personal care market. Expansion is set to continue, going from $2.43 billion in 2024, increasing to $2.78 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 14.2%. The impressive growth witnessed in the past can be credited to improved product quality, pioneering breakthroughs in drug delivery systems, customer preference for premium products, evolution in regulatory and safety measures, and forward strides in the field of nanotechnology research.
The market for nanomaterials in cosmetics and personal care is projected to witness substantial expansion in the coming years, with size likely to surge to $4.69 billion in 2029, reflecting a compound annual growth rate (CAGR) of 14.0%. Factors contributing to this anticipated growth include advancements in nanotechnology, a rising demand for superior performance products, increased consciousness about skin health, a burgeoning demand for customized beauty products, and the evolution of regulatory standards and safety norms. The forecast period will see trends like better delivery methods, sun-protection and UV-protection products, anti-ageing products, environment-friendly and sustainable nanomaterials, and enhanced product stability driving the market.
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What Are the Core Growth Drivers Propelling the Nanomaterials In Cosmetic And Personal Care Market Forward?
As the demographic of older individuals increases, it’s anticipated that there will be a subsequent surge in the development of nanomaterials for cosmetics and personal grooming products. The aging population trend has been fueled by both falling birth rates and increased longevity, which are results of medical advancements and better standards of living. Utilizing nanomaterials in skincare and beauty products tailored to older adults means they can more effectively deliver active ingredients to refresh the skin and tackle age-related issues, all while minimizing possible discomfort or additional side effects. The World Health Organization, a Switzerland-based global public health authority, revealed in October 2022, that one-sixth of the world’s populace will be at least 60 years old in the near future, marking a raise from one billion in 2020 to 1.4 billion by 2030. In addition, the tally of people 60 years or older is set to double to 2.1 billion, with those aged 80 and above predicted to triple, to reach 426 million by 2050. Consequently, the increase in the number of older individuals is powering the advancement of nanomaterials in the cosmetic and personal care industries.
Which Key Market Segments Comprise the Nanomaterials In Cosmetic And Personal Care Market and Drive Its Revenue Growth?
The nanomaterials in cosmetic and personal care market covered in this report is segmented –
1) By Product: Inorganic Nanomaterials
2) By Material: Metal-Based Nanomaterials, Mineral-Based Nanomaterials, Polymer-Based Nanomaterials
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
4) By End-User Industry: Cosmetic And Personal Care, Skincare, Haircare, Makeup, Other End-User Industries
Subsegments:
1) By Inorganic Nanomaterials: Titanium Dioxide (TiO2) Nanoparticles, Zinc Oxide (ZnO) Nanoparticles, Silica Nanoparticles, Aluminum Oxide (Al2O3) Nanoparticles, Magnesium Oxide (MgO) Nanoparticles
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Which Geographic Areas Hold the Strongest Growth Potential in the Nanomaterials In Cosmetic And Personal Care Market?
North America was the largest region in the nanomaterials in cosmetic and personal care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials in cosmetic and personal care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Emerging Trends that Are Influencing the Nanomaterials In Cosmetic And Personal Care Industry Evolution?
Key corporations active in the nanomaterials for cosmetics and personal care industry are honing in on the development of unique sunscreen ingredients, such as titanium dioxide, to strengthen UV resistance and accommodate the rising consumer appetite for both effective and pleasing-to-the-eye sun protection solutions. Titanium dioxide contributes to the opacity in cosmetics, leading to a matte finish and the reduced appearance of skin flaws such as wrinkles, fine lines, and acne scars. For example, Croda International plc, a specialty chemicals firm located in the UK, debuted a set of revolutionary sunscreen ingredients in December of 2023. These ingredients ensure optimal UV shield while also ensuring a pleasant cosmetic experience for its users. Solaveil CT-60W, a titanium dioxide (TiO2) dispersion based on water, is designed for high SPF levels without the characteristic whitening effect of TiO2. This formulation employs top-tier technologies to furnish robust UV defense while maintaining skin transparency.
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How Is the Nanomaterials In Cosmetic And Personal Care Market Conceptually Defined?
Nanomaterials in cosmetics and personal care refer to substances developed at the nanoscale, typically between 1 and 100 nanometers in size, and incorporated into various beauty and personal care products. These nanomaterials offer unique properties such as enhanced absorption, improved stability, and increased efficacy, enabling manufacturers to develop innovative formulations with desirable cosmetic benefits.
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