Report ID: UCMIG30L2141
Report ID:
UCMIG30L2141 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global cosmetic ingredients market, having displayed a value of USD 35.8 billion in 2022, is poised for significant expansion, projected to reach approximately USD 56.17 billion by 2030. This growth is marked by a steady compound annual growth rate (CAGR) of 5.79% between 2022 and 2030. The market analysis underscores the pivotal role of cosmetic ingredients in shaping the cosmetics and personal care industry, catering to consumer demands for innovative, safe, and effective products. As the beauty and wellness sector evolves with shifting consumer preferences towards natural and sustainable ingredients, market players are focusing on ingredient innovation to meet these demands. The cosmetic ingredients market's expansion reflects its contribution to product innovation, brand differentiation, and meeting evolving consumer expectations for quality, safety, and sustainability in beauty and personal care products by 2030.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30L2141