Global Personal Care Ingredients Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
4 Jun, 2021
The personal care ingredients market consists of sales of personal care ingredients by entities (organizations, sole traders, and partnerships) that produce personal care ingredients for skincare, hair care, oral care, and make-up products. The ingredients used in the product are usually obtained through synthetic and natural sources. Synthetic materials include parabens, sodium lauryl sulfate, formaldehyde, and propylene glycol, whereas natural ingredients include cocoa butter, coconut oil, soy seeds, and essential oils.
Global Personal Care Ingredients Market Size And Drivers:
The global personal care ingredients market is expected to grow from $12.20 billion in 2020 to $12.78 billion in 2021 at a compound annual growth rate (CAGR) of 4.81%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges in the forecast period can be attributed to growing demand for personal care products and rise in disposable incomes. The personal care ingredients market is expected to reach $15.63 billion in 2025 at a CAGR of 5.16%. The increasing young population would contribute to the demand for personal care ingredients in the forecast period.
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Trends In The Global Personal Care Ingredients Market
Key companies functioning in the market are focusing on new product innovations to meet the demand of the consumers and benefit the users while maximize revenues. For instance, in January 2019, Symrise AG, Germany-based cosmetic ingredients company introduced the first benzyl alcohol-based preservative blend with the added power of SymSave H, SymOcide BHO. The product protects cosmetics from undesired microorganisms such as fungi and bacteria. The product also contains the multifunctional ingredients Hydrolite CG, an emollient, and SymSave H, an antioxidant.
Global Personal Care Ingredients Market Segments:
The global personal care ingredients market is further segmented based on ingredients, source, application and geography.
By Ingredients: Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, Others
By Source: Natural Ingredients, Synthetic Ingredients
By Application: Skin Care, Hair Care, Oral Care, Cosmetics, Others
By Geography: The global personal care ingredients market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the personal care ingredients market in 2020.
Read More On The Report For The Global Personal Care Ingredients Market At:https://www.thebusinessresearchcompany.com/report/personal-care-ingredients-global-market-report
Personal Care Ingredients Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides personal care ingredients market overviews, analyzes and forecasts market size and growth for the global personal care ingredients market, personal care ingredients market share, personal care ingredients market players, personal care ingredients market segments and geographies, personal care ingredients market’s leading competitors’ revenues, profiles and market shares. The personal care ingredients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.