USD 12.89 billion
Personal Care Ingredients Market Size, Share, Growth Analysis, By Ingredient Type(Emollients & Moisturizers, Surfactants, Emulsifiers, Rheology Modifiers), By Application(Skincare, Haircare, Oral care, Makeup), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2160 |
Region:
Global |
Published Date: August, 2024
Pages:
198
|Tables:
59
|Figures:
75
Personal Care Ingredients Market Insights
Global Personal Care Ingredients Market size was valued at USD 12.35 billion in 2022 and is poised to grow from USD 12.89 billion in 2023 to USD 18.05 billion by 2031, growing at a CAGR of 4.3% during the forecast period (2024-2031).
The market for personal care ingredients is influenced by changes in lifestyle and the growing disposable income of consumers in developing countries. Similarly, the growing numbers of functional personal care ingredients as well causes the market to thrive too. The market suppressing factor is the government regulation of cosmetics, healthcare and hygiene products. The other advantage is large market potential in the emerging markets which also drives the growth of the market soon. The market for multifunctional personal skin care ingredients is developing at lightning speed. Some of the major components are surfactants, rheology modifiers, emulsifiers, & emollients Surfactants play important roles in many aspects of cosmetics, such as skin care, hair care, ointments, gels, creams, etc. The industry is consistently revolutionizing with regards to guidelines attached to the new trends set by consumer preferences. Nicknamed ‘Olein Begetters’ at the latter part of the 19th century, surfactants earlier had only two major application areas - soap and shampoo - in this industry.
The trend, however, is also gaining ground in the realm of cosmetics use of surfactants in lotions and cold creams. Surfactants, emulsifiers, and rheology modifiers are quite widespread in use in different industries for many purposes. The market size of these ingredients is growing at a quick rate because of their diverse roles across different industries. China, India, Brazil, Mexico, Indonesia, and Saudi Arabia, being that they were among the top six developing countries, are also in the world's top 20 economies based on GDP (nominal). Many developed countries now are mature, so these organizational markets are well-paying for firms. In 2019, the aggregate of the BRIC countries (3.08 billion people) is over four times that the G7 countries (0.77 billion people). Asia Pacific and Middle East & Africa are predicted to be the most rapidly growing territories in the personal care industry owing to the huge reserves of resources required in these regions. It is the trends and lifestyles of people spread across these regions that are the primary growth drivers of the personal care industry.
Market Snapshot - USD 12.35 billion in 2022
Global Market Size
Largest Segment
Emollients & Moisturizers
Fastest Growth
Preservatives
Growth Rate
USD 12.89 billion CAGR
Global Personal Care Ingredients Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Personal Care Ingredients Market Segmental Analysis
Analysis by Ingredient Type
By type, the market can be segmented Emollients & Moisturizers, surfactants, emulsifiers, rheology modifiers, conditioning polymers and other Emollients and moisturizers play a vital role in the personal care industry, as they are essential for hydrating and softening the skin. With the rising demand for skincare products, this segment has established dominance in the market. Emollients and moisturizers are widely used in creams, lotions, body butters, and lip balms, among others, catering to various consumer needs and preferences.
The rheology modifier segment is projected to be the fastest growing ingredient type of personal care ingredients market, during the forecast period. The rheology modifier is crucial in personal care products to prevent microbial growth and ensure product safety and shelf life. This is a rapidly growing segment in the market, as rheology modifier are extensively used in various personal care products such as paints and coating, lotions, shampoos, and cosmetics. The presence of rheology modifier is used to increase viscosity of the formulation without significantly changing its performance.
Analysis by Application
By application, the market can be segmented Skincare, Haircare, Oral care, makeup and others. Skincare products hold a dominant position in the global market. The increasing consumer focus on maintaining healthy and youthful-looking skin has led to the widespread adoption of skincare products. This segment includes a wide range of products such as creams, lotions, serums, sunscreens, and face masks, among others, that cater to various skincare needs. As a result, the skincare segment commands a significant share of the personal care ingredients market.
Haircare products constitute is rapidly growing segment in the personal care ingredients market. The desire for healthy, lustrous, and well-groomed hair has resulted in the dominance of the haircare segment. This segment includes shampoos, conditioners, hair oils, styling products, and hair masks, among others. The diverse range of haircare products available and the constant need for hair maintenance and styling contribute to the strong presence of this segment.
Global Personal Care Ingredients Market By Type
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Personal Care Ingredients Market Regional Insights
Asia Pacific dominated the global personal care ingredients market. The region benefits from a well-established cosmetics and personal care industry, coupled with high consumer awareness and disposable income. The United States is a key market within North America, driven by strong demand for premium and natural personal care products. The region is witnessing a surge in the usage of organic and natural ingredients, driven by growing health and safety concerns among consumers. Furthermore, increasing investments in research and development, as well as technological advancements, are propelling the growth of the market. Key players in the region are focusing on product innovation and differentiation to cater to the diverse consumer demands.
The North America region is experiencing robust growth in the global personal care ingredients market, making it the fastest-growing region. Factors contributing to this growth include a large population base, rising disposable income, and a growing middle-class segment with changing lifestyle preferences. Countries such as China, Japan, South Korea, and India are major contributors to the market expansion in APAC. In China, for instance, there is a significant shift towards premium personal care products, driven by increasing consumer spending power and growing awareness of product quality.
Global Personal Care Ingredients Market By Region
- Largest
- Fastest
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Personal Care Ingredients Market Dynamics
Personal Care Ingredients Market Drivers
Increasing consumer awareness and demand for organic and natural products
- One significant driver in the global personal care ingredients market is the increasing consumer awareness and demand for organic and natural products. Consumers are becoming more conscious about the potential harmful effects of synthetic chemicals present in conventional personal care goods. This growing awareness has fueled the demand for ingredients sourced from natural resources, as they are perceived to be safer and more environmentally friendly. Manufacturers are responding to this trend by developing and incorporating organic and natural ingredients into their product offerings.
Personal Care Ingredients Market Restraints
Limited shelf life of organic and natural products
- A notable restraint in the global personal care ingredients market is the limited shelf life of organic and natural products. Unlike conventional products that often contain chemical preservatives, organic and natural personal care goods typically have shorter shelf lives due to their lack of such preservatives. This poses a challenge for manufacturers and retailers as they need to ensure proper handling, storage, and timely consumption of these products. Failure to do so can result in bacterial growth and degradation of product quality, potentially impacting consumer satisfaction and hindering market growth.
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Personal Care Ingredients Market Competitive Landscape
The global personal care ingredients market is characterized by intense competition among key players striving to gain a significant market share. Established companies and new entrants are focusing on product innovation, research and development, and strategic partnerships to stay ahead in the market. Key players are also emphasizing the development of customer-specific and region-specific products to cater to diverse consumer preferences. Mergers and acquisitions are common strategies employed to expand market reach and enhance product portfolios. The competitive landscape is dynamic, with players striving to meet evolving consumer demands and gain a competitive edge in the market.
Personal Care Ingredients Market Top Player’s Company Profiles
- BASF SE (Germany)
- Dow Chemical Company (US)
- Croda International Plc (UK)
- Clariant AG (Switzerland)
- Evonik Industries AG (Germany)
- Ashland Global Holdings Inc. (US)
- Solvay SA (Belgium)
- Lonza Group Ltd. (Switzerland)
- Akzo Nobel N.V. (Netherlands)
- Eastman Chemical Company (US)
- Lubrizol Corporation (US)
- DSM N.V. (Netherlands)
- Givaudan SA (Switzerland)
- Wacker Chemie AG (Germany)
- Symrise AG (Germany)
- Sensient Technologies Corporation (US)
- Kao Corporation (Japan)
- Croda International Plc (UK)
- Innospec Inc. (US)
- Seppic (France)
Personal Care Ingredients Market Recent Developments
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In February 2024, Proof Skin Solutions, a US-based startup, has created two anti-aging facial serums: PORCELAIN and MUGSHOT FOR MEN. These serums feature a blend of 18 active ingredients, such as algae extracts, antioxidants, polyglutamic acid, and a vitamin C complex. In addition to their anti-aging benefits, the serums function as a makeup primer, helping to mask deeper signs of aging for extended periods.
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In April 2024, Dermalcare Avolia MB represents a significant advancement in silicone replacement. This product offers excellent wet and dry combing performance and mimics the sensory qualities characteristic of silicone oils.
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In May 2023, BASF SE partnered with BEAUTYSTREAMS to expand its D'lite digital service for the personal care industry.
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In July 2023, Croda International Plc acquired Solus Biotech, a global leader in biotechnology-derived active ingredients for beauty care and pharmaceuticals
- In April 2023, Symrise acquired Biocomercializadora Kiwi, a leading supplier of natural flavors and ingredients in Mexico, to strengthen its presence in the Latin American market.
- In March 2023, DSM and Amyris announced a joint development agreement to create sustainably sourced and bio-based personal care ingredients.
- In January 2023, Evonik announced a partnership with Natura &Co to develop and produce sustainable and eco-friendly personal care ingredients for the global market.
- In November 2022, Givaudan launched Sensityl™, a cosmetic active ingredient that addresses the negative effects of stress on the skin and provides a soothing effect.
- In September 2022, BASF and L'Oréal announced a partnership to develop sustainable bio-based surfactants for personal care applications, aiming to reduce the environmental impact of formulations.
Personal Care Ingredients Key Market Trends
- The rising consumer desire for natural and sustainable ingredients is a prominent trend in the market for personal care products worldwide. Consumers are looking for goods made with eco-friendly, plant-based, and cruelty-free materials due to growing knowledge of the effects on the environment and health issues. As a result of this trend, the cosmetics sector is becoming more innovative as companies spend in R&D to find sustainable and organic alternatives to synthetic ingredients. Businesses that put an emphasis on clean and green formulations and ingredient sourcing transparency are gaining a competitive advantage. As a result, the market for personal care products is changing to include more eco-friendly and natural product options.
Personal Care Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global personal care ingredients market analysis, the market is witnessing significant growth driven by factors such as rising demand for personal care products, growing awareness of personal health and safety, and increasing usage of organic and natural ingredients. Consumers are increasingly conscious of the harmful effects of synthetic chemicals in conventional products, leading to a shift towards organic and natural alternatives. The market is characterized by intense competition among key players, who are focusing on product innovation, research and development, and strategic partnerships. However, the limited shelf life of organic and natural products poses a challenge for manufacturers. Additionally, a prominent trend is the increasing demand for clean beauty and sustainable formulations, as consumers prioritize eco-friendly and ethically sourced ingredients.
| Report Metric | Details |
|---|---|
| Market size value in lifestyle | USD 12.35 billion in 2022 |
| Market size value in chan | USD 18.05 billion in 2031 |
| Base year | 2023 |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Personal Care Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Personal Care Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Personal Care Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Care Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Care Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personal Care Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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