What Has Been the Growth Trajectory of the Personal Care Ingredients Market?
The personal care ingredients market has seen considerable growth due to a variety of factors.
• The market size for personal care ingredients has seen considerable expansion in the last few years. The industry's value is set to rise from $16.18 billion in 2024 to $17.43 billion in 2025, implying an impressive compound annual growth rate (CAGR) of 7.7%.
Contributing factors to this growth during the historical period include an emphasis on beauty and wellness trends, advancements in skincare and cosmetic technology, a rising consumer preference for natural and organic products, an aging demographic fueling the demand for anti-aging products, and stringent regulations ensuring ingredient safety.
What Does the Future Hold for the Personal Care Ingredients Market?
The personal care ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the personal care ingredients market size is expected to witness a significant upward trend. By 2029, it is projected to reach a market size of $24.47 billion, with a compound annual growth rate (CAGR) of 8.9%.
This notable increase during the projected tenure can be linked to sustainable packaging and supply chain methods, a consistent demand for eco-friendly and pure beauty products, and a surge in personalized skincare products. Other factors contributing to this growth could include the widening scope of men's grooming products and an increased emphasis on mental well-being. The forecast period is likely to see emerging trends like microbiome-friendly personal care products, AI-based skincare suggestions, vegan and cruelty-free ingredient choices, nanotechnology application in ingredient delivery, and the rise of CBD and hemp-derived ingredients.
What Are The Leading Drivers Of Growth In The Personal Care Ingredients Market?
The rise in the youth demographic is expected to bolster the demand for the personal care ingredients market in the future. The escalating aspiration among youngsters to appear attractive and presentable is fuelling the need for personal care commodities. As an example, the Partnership for Maternal, Newborn & Child Health (PMNCH), an alliance based in Switzerland and devoted to the enhancement of health and well-being of mothers, toddlers, and children worldwide, confirmed in November 2022 that the global population of young people in the age bracket of 10 to 24 has hit a remarkable peak of 1.8 billion. Therefore, the expanding youth demographic is likely to stimulate the demand for personal care products, thus driving the progression of the market in the times to come.
How Are The Segments Defined Within The Global Personal Care Ingredients Market?
The personal care ingredients market covered in this report is segmented –
1) By Ingredients: Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Other Ingredients
2) By Source: Natural Ingredients, Synthetic Ingredients
3) By Application: Skin Care, Hair Care, Oral Care, Cosmetics, Other Applications
Subsegments:
1) By Emollients: Natural Emollients, Synthetic Emollients, Esters and Fatty Acids
2) By Surfactants: Anionic Surfactants, Cationic Surfactants, Nonionic Surfactants, Amphoteric Surfactants
3) By Emulsifiers: Plant-Based Emulsifiers, Synthetic Emulsifiers, Natural Waxes and Gums
4) By Rheology Modifiers: Thickeners, Gelling Agents, Film-Formers
5) By Conditioning Polymers: Cationic Conditioning Agents, Nonionic Conditioning Agents, Silicone-Based Conditioners
6) By Other Ingredients: Preservatives, Fragrances, Colorants, Active Ingredients
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How Are New Trends Expected To Influence The Growth Of The Personal Care Ingredients Market?
To cater to the growing needs for eco-friendly beauty care solutions, leading companies in the personal care ingredients market are introducing biosurfactants. These naturally occurring, surface-active compounds are generated by microorganisms, possessing the capability to lower surface tension and boost interactions between liquids and solids. One such case in point is Solvay, a chemical corporation based in Belgium. In June 2022, Solvay unveiled two 100% bio-based and biodegradable biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, derived from rapeseed oil and sugar. Produced via a cost-effective fermentation method, these glycolipid biosurfactants are targeted for a variety of beauty care uses, including shampoos, conditioners, and facial cleansers.
Who Are the Key Players in the Personal Care Ingredients Market?
Major companies operating in the personal care ingredients market include:
• BASF SE
• Ashland Inc.
• Solvay SA
• Dow Chemical Company
• Clariant AG
• Croda International PLC
• Evonik Industries AG
• J.M. Huber Corporation
• Huntsman International LLC
• The Lubrizol Corporation
• Akzo Nobel NV
• Pharmacos
• Nouryon Specialty Chemicals B.V.
• Lonza Group Ltd.
• Berkshire Hathaway Inc.
• KCC Corporation
• Galaxy Surfactants Ltd.
• Oxiteno SA
• Eastman Chemical Company
• Saudi Basic Industries Corporation
• Symrise AG
• Sinerga SpA
• SG Ceresco Inc.
• Innospec Inc.
• AEP Colloids Inc.
• Jarrow Formulas Inc.
• Soliance
• Wacker Chemie AG
What Is The Most Dominant Region In The Personal Care Ingredients Market?
North America was the largest region in the personal care ingredients market in 2024. Europe was the second largest market in personal care ingredients market share. The regions covered in the personal care ingredients market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
