May, 2023
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The personal care ingredients market is among the fastest-growing specialty chemicals worldwide, owing to strong R&D activities, swift growth in consumer demand, and the launch of new products. The personal care ingredients market study provides insights into key market Trends, Growth Opportunities, and market drivers. Further, personal care ingredients market Size Forecasts by Types including Surfactants, Conditioning Agents, Emollients, Control Agents, Emulsifiers, and Others are also included in the study. The revenue generated by personal care ingredients companies across Skin Care, Hair Care, Dental, Make-up, and other applications are provided from 2021 to 2030. In addition, the business profiles of the leading 10 companies are included in the personal care ingredients industry analysis.
Personal care ingredients comprising moisturizers, emulsifiers, emollients, hair conditioners, pearlizers, mild surfactants, and others are being launched by companies to cater to the ever-changing requirements and consumer needs. Natural ingredients, and preservative-free products, with multi-functional properties and sensory appeal, are widely marketed by companies.
Personal Care Ingredient Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Personal Care Ingredients market size stood at $11.4 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Personal Care Ingredients market is likely to register a steady revenue increase at a compounded annual growth rate of 5.2 percent to reach $17 billion by 2030.
Personal Care Ingredient Market Trends- An emerging trend of multifunctional and natural ingredients in the Personal care industry
The rising importance of multifunctional personal care ingredients is encouraging leading chemical companies to invest significantly in R&D for the development of personal care ingredients. With ever-changing customer needs, innovation across personal care ingredients including active ingredients, moisturizers, emulsifiers, emollients, conditioners, preservatives, surfactants, and others is being observed.
Leading companies manufacturing are marketing sustainable, multifunctional effective product solutions for the personal care industry. Large personal care ingredient companies invest around 4% to 5% of revenue on R&D. Personal care products with natural and multi-beneficial features are gaining strong traction among consumers. Accordingly, the demand for innovative ingredients remains strong in the industry.
For personal care applications such as oral care, skin care, inmate care, and others, cosmetic companies are increasingly labeling and marketing products with natural ingredients. Skincare products infused with probiotics are marketed in different forms such as primer, balm, foundation, gel, foam, cream, cleanser, mask, and other types.
Products to cater to individual skin types such as products to regulate the skin's natural immune system for sensitive skin, reduce aging by activating defense systems in polluted skin, acne treatment, and other specific requirements are being marketed.
Personal Care Ingredient Market Share Analysis- Surfactants and Conditioning Agents generated the largest revenue worldwide
The Personal care ingredients market is witnessing rapid growth, driven by end-user market demand. Among different types of personal care ingredients market by companies, surfactants and conditioning agents generated the highest revenue in 2022. The trend is likely to continue throughout the forecast period, encouraging R&D investments in the segment. Further, emollients, control agents, emulsifiers, and others are also marketed worldwide.
The chart below provides the Personal care ingredients market share analysis for 2022-
Personal Care Ingredient Market Drivers- Leading companies target anti-aging skin and hair care products
The $400 billion global personal care industry is facing intense competition with companies focusing on constant product innovation and product differentiation. To launch new products, these companies coordinate with ingredient suppliers, in particular, in the skincare and hair care sectors.
Strong potential for personal care ingredients offers huge potential for companies investing in innovative ingredients. For instance, over 100 companies focus on supplying ingredients to cosmetic and personal care product manufacturers in Europe.
While developed countries face challenges of regulatory compliance, growing e-commerce and the launch of products specific to targeted population sub-groups support market growth. Post-COVID-19 pandemic period, we estimate the decline in European, Japanese, and US markets to recover rapidly through late 2021 and early 2022.
Developing countries, on the other hand, have relatively low awareness of beauty, health, and hygiene products. Gender-neutral products are marketed widely in developing countries. Increasing awareness coupled with affordability, rapid urbanization, and working-class women will support the personal care and ingredients market, predominantly in skin care and hair care segments.
Personal Care Ingredient Market Growth Opportunities- Men's grooming products present huge unmet opportunities for personal care ingredient manufacturers and vendors
The men’s grooming products market is one of the quickly emerging segments in the personal care space. The $55 billion market is poised to grow at a CAGR of 5.3% between 2023 and 2030, driven by shifting consumer preferences, increasing penetration of digital media, diverse product launches, and widening distribution channels.
Robust growth in the men’s grooming business is providing significant opportunities for personal care ingredient suppliers. Products free of harmful chemicals, infused with premium essential oils, use natural fragrances, and plant-based and other innovative ingredients are being marketed in the segment to attract interest from a wide customer base.
Personal Care Ingredients Market Segmentation
Types
Application
Companies
1. Executive Summary
1.1 Introduction to Personal Care Ingredients Markets
1.2 Personal Care Ingredients Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Personal Care Ingredients Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Personal Care Ingredients Market Trends
3.1.1 Strong demand growth for Organic personal care ingredients
3.1.2 An emerging trend of multifunctional and natural ingredients in the Personal care industry
3.1.3 Men's grooming products present huge unmet opportunities for personal care ingredient manufacturers and vendors
3.2 Key Personal Care Ingredients Market Growth Drivers
3.2.1 Leading companies target anti-aging skin and hair care products
3.2.2 The skincare cosmeceuticals market presents strong growth prospects
3.2.3 Advanced technologies to manufacture improved quality ingredients
3.3 Key Personal Care Ingredients Market Growth Restraints
3.3.1 Need to adhere to stringent government regulations
3.3.2 The long product development process
3.3.3 High R&D costs for new product launches amidst intense competitive conditions
4 Personal Care Ingredients Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Personal Care Ingredients Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Personal Care Ingredients Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Personal Care Ingredients Market Size Outlook to 2030
5. Personal Care Ingredients Market Segmentation- Outlook by
5.1 Personal Care Ingredients Market Share Analysis by Type, 2023
5.2 Surfactants Market Outlook to 2030
5.3 Conditioning Agents Market Outlook to 2030
5.4 Emollients Market Outlook to 2030
5.5 Control Agents Market Outlook to 2030
5.6 Emulsifiers Market Outlook to 2030
5.7 Others
6. Personal Care Ingredients Market Segmentation- Outlook by Application
6.1 Personal Care Ingredients Market Share Analysis by Application, 2023
6.2 Skin Care: Personal Care Ingredients Market Outlook to 2030
6.3 Hair Care: Personal Care Ingredients Market Outlook to 2030
6.4 Dental: Personal Care Ingredients Market Outlook to 2030
6.5 Make-up: Personal Care Ingredients Market Outlook to 2030
6.6 Others
7. North America Personal Care Ingredients Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Personal Care Ingredients Market Growth Opportunities
7.2.1 North America Personal Care Ingredients Market Outlook by Type, 2021 to 2030
7.2.2 North America Personal Care Ingredients Market Outlook by Application, 2021 to 2030
7.2.3 North America Personal Care Ingredients Market Outlook by Country, 2021 to 2030
7.3 United States Personal Care Ingredients Market Outlook, 2021 to 2030
7.4 Canada Personal Care Ingredients Market Outlook, 2021 to 2030
7.5 Mexico Personal Care Ingredients Market Outlook, 2021 to 2030
8. Europe Personal Care Ingredients Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Personal Care Ingredients Market Growth Opportunities
8.2.1 Europe Personal Care Ingredients Market Outlook by Type, 2021 to 2030
8.2.2 Europe Personal Care Ingredients Market Outlook by Application, 2021 to 2030
8.2.3 Europe Personal Care Ingredients Market Outlook by Country, 2021 to 2030
8.3 Germany Personal Care Ingredients Market Outlook, 2021 to 2030
8.4 France Personal Care Ingredients Market Outlook, 2021 to 2030
8.5 United Kingdom Personal Care Ingredients Market Outlook, 2021 to 2030
8.6 Spain Personal Care Ingredients Market Outlook, 2021 to 2030
8.7 Italy Personal Care Ingredients Market Outlook, 2021 to 2030
8.8 Other Europe Personal Care Ingredients Market Outlook, 2021 to 2030
9. Asia Pacific Personal Care Ingredients Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Personal Care Ingredients Market Growth Opportunities
9.2.1 Asia Pacific Personal Care Ingredients Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Personal Care Ingredients Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Personal Care Ingredients Market Outlook by Country, 2021 to 2030
9.3 China Personal Care Ingredients Market Outlook, 2021 to 2030
9.4 Japan Personal Care Ingredients Market Outlook, 2021 to 2030
9.5 India Personal Care Ingredients Market Outlook, 2021 to 2030
9.6 South Korea Personal Care Ingredients Market Outlook, 2021 to 2030
9.7 Indonesia Personal Care Ingredients Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Personal Care Ingredients Market Outlook, 2021 to 2030
10. South and Central America Personal Care Ingredients Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Personal Care Ingredients Market Growth Opportunities
10.2.1 South and Central America Personal Care Ingredients Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Personal Care Ingredients Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Personal Care Ingredients Market Outlook by Country, 2021 to 2030
10.3 Brazil Personal Care Ingredients Market Outlook, 2021 to 2030
10.4 Argentina Personal Care Ingredients Market Outlook, 2021 to 2030
10.5 Other Latin America Personal Care Ingredients Market Outlook, 2021 to 2030
11. Middle East and Africa Personal Care Ingredients Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Personal Care Ingredients Market Growth Opportunities
11.2.1 Middle East and Africa Personal Care Ingredients Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Personal Care Ingredients Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Personal Care Ingredients Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Personal Care Ingredients Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Personal Care Ingredients Market Outlook, 2021 to 2030
11.5 Other Middle East Personal Care Ingredients Market Outlook, 2021 to 2030
11.6 Egypt Personal Care Ingredients Market Outlook, 2021 to 2030
11.7 South Africa Personal Care Ingredients Market Outlook, 2021 to 2030
11.8 Other Africa Personal Care Ingredients Market Outlook, 2021 to 2030
12. Profiles of major world Personal Care Ingredients Companies
12.1 Ashland Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Solvay
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Clariant
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Evonik Industries
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Lonza
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Dow Chemical
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Croda International
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Cargill Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.10 Huntsman Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Leading companies target anti-aging skin and hair care products, the skincare cosmeceuticals market presents strong growth prospects, Advanced technologies to manufacture improved quality ingredients, an emerging trend of multifunctional and natural ingredients in the Personal care industry, men's grooming products present huge unmet opportunities for personal care ingredient manufacturers and vendors
The global Personal Care Ingredients market size stood at $11.4 billion in 2022.
From 2023 to 2030, the Personal Care Ingredients market is likely to register a steady revenue increase at a compounded annual growth rate of 5.2 percent to reach $17 billion by 2030.
Ashland Corp, BASF SE, Solvay, Clariant, Evonik Industries, Lonza, Dow Chemical, Croda International, Cargill Inc, Huntsman Corp, and others
Organic personal care ingredients present strong growth prospects for companies