How Has the Nanomaterials In Cosmetic And Personal Care Market Size Evolved in Recent Years?
The nanomaterials in cosmetic and personal care market has seen considerable growth due to a variety of factors.
• The nanomaterials in cosmetic and personal care market has grown swiftly in recent years. It is expected to expand from $2.43 billion in 2024 to $2.78 billion in 2025, at a CAGR of 14.2%.
This growth is attributed to improved product performance, innovations in drug delivery systems, rising consumer demand for premium products, advancements in nanotechnology research, and regulatory developments.
What Is The Forecast For The Nanomaterials In Cosmetic And Personal Care Market Size?
The nanomaterials in cosmetic and personal care market is expected to maintain its strong growth trajectory in upcoming years.
• The nanomaterials in cosmetic and personal care market is forecast to reach $4.69 billion by 2029, growing at a CAGR of 14.0%.
The market is expanding due to advancements in nanotechnology, consumer demand for high-performance products, rising awareness about skin health, a growing preference for personalized beauty items, and regulatory developments. Key trends include enhanced delivery systems, sunscreens, anti-aging products, eco-friendly nanomaterials, and improved product stability.
What Are The Essential Drivers Behind The Growth Of The Nanomaterials In Cosmetic And Personal Care Market?
The expanding aging population is expected to boost the growth of nanomaterials in the cosmetic and personal care markets. This demographic shift is attributed to lower birth rates and longer life expectancy due to improved healthcare. Nanomaterials help target the delivery of active ingredients in anti-aging cosmetic products, improving skin rejuvenation. The World Health Organization’s October 2022 report projected that by 2030, the global population of people aged 60 and above will reach 1.4 billion, increasing the demand for age-specific cosmetic solutions. Therefore, the aging population is driving the growth of nanomaterials in the cosmetic sector.
How Is The Global Nanomaterials In Cosmetic And Personal Care Market Divided Into Key Segments?
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 Emerging Market Trends Are Altering The Nanomaterials In Cosmetic And Personal Care Industry?
In the nanomaterials for cosmetic and personal care markets, numerous dominant businesses are investing in the creation of innovative sunscreen ingredients such as titanium dioxide. These developments aim to improve UV defense capabilities and address the rising consumer expectations for highly effective and visually appealing sun protection products. Titanium dioxide is used in cosmetics as an opacifying agent, giving products a matte look while reducing the visibility of skin flaws like fine lines, wrinkles, and blemishes. For example, in December 2023, Croda International plc, a specialty chemicals company from the UK, launched a set of novel sunscreen ingredients. These components ensure optimal UV protection and provide a consumer-friendly experience. They brought out Solaveil CT-60W, which is a titanium dioxide (TiO2) water-based dispersion engineered to deliver high SPF levels without the typical TiO2 whitening effect. Developed through state-of-the-art techniques, this formulation offers powerful UV defense and remains transparent on the skin.
Who Are the Key Players In The Nanomaterials In Cosmetic And Personal Care Market?
Major companies operating in the nanomaterials in cosmetic and personal care market are:
• Johnson & Johnson
• Christian Dior SE
• Procter & Gamble Company
• L'Oréal S.A.
• Chanel Inc.
• Shiseido Company
• Limited
• Croda International plc
• Lancôme
• Nippon Fine Chemical Co. Ltd.
• Creative Biostructure
• Lucas Meyer Cosmetics Canada Inc.
• Nikko Chemicals Co. Ltd.
• Anna Pegova
• Dermazone Solutions Inc.
• Lipoid Kosmetik AG
• Zelens
• Nanovec
• Lipotec S.A.
• Lipomize SRL
• BioSpectrum Inc.
• CD Bioparticles
• kyowa pharma chemical co. ltd.
• Phenbiox Srl
What Are The Regional Insights Into 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.
