Personal care ingredients are integral components in various consumer products such as skincare items, haircare products, cosmetics, and more. These ingredients play a pivotal role in enhancing product quality by improving visual appeal, promoting skin and hair health, offering sun protection, imparting pleasant fragrances, and ensuring product durability. It allows manufacturers to customize their products to meet specific customer needs and preferences, thus contributing to customer satisfaction and loyalty.
According to Data Bridge Market Research, the Global Personal Care Ingredients Market is growing with a CAGR of 6.4% in the forecast period of 2023 to 2030 and is expected to reach USD 21,828,314.39 thousand by 2030.
“Rise in consumer demand of personal care ingredients boosts market growth"
The global personal care ingredients market is experiencing significant growth driven by the increasing consumer demand for self-care products to combat stress and anxiety and the trend of engaging in self-care routines to look and feel better. This demand is fueled by a growing interest in natural and organic ingredients and a desire to change existing skincare routines. Consumers are also seeking products that target specific skincare concerns, such as anti-aging agents, and offer protection against UV radiation. The market offers various products, from face masks to serums, catering to diverse skincare needs. These factors collectively contribute to the market's expansion, urging businesses to adapt to evolving consumer preferences and market trends.
What restraints the growth of the global personal care ingredients market?
“Side-effects associated with personal care ingredients"
The increasing side effects of these ingredients hinder the global personal care ingredients market. Personal care products often contain organic and synthetic chemicals, some of which can lead to adverse health effects, ranging from irritations to chronic issues. The COVID-19 pandemic has raised health awareness, leading to a growing concern about these side effects, particularly in developed countries such as the U.S., Japan, China, Brazil, and Saudi Arabia. This heightened awareness is expected to impede market growth as consumers seek safer alternatives and become more cautious about the products they use.
Segmentation: Global Personal Care Ingredients Market
The global personal care ingredients market is segmented into two segments based on type and application.
- On the basis of type, the global personal care ingredients market is segmented into marine extracts, mineral extracts, peptides, botanical extracts, biotechnology products, and synthetics actives.
- On the basis of application, the global personal care ingredients market is segmented into skincare, haircare, and others.
Regional Insights: Asia-Pacific dominates the Global Personal Care Ingredients Market
The Asia-Pacific region is dominant in the global personal care ingredients market due to its growing economy, diverse consumer base, urbanization, regulatory support, health and wellness trends, emerging beauty standards, and access to unique raw materials.
In North America, the U.S. stands are expected to dominate due to the increasing awareness of the properties and benefits of beauty products.
In Europe, Germany dominates because of personal care products' growing characteristics and appeal.
Meanwhile, Saudi Arabia emerged as the dominant player in the Middle East and Africa, largely attributed to its rising young population.
To know more about the study visit https://www.databridgemarketresearch.com/reports/global-personal-care-ingredients-market
Recent Development in the Global Personal Care Ingredients Market
- In November 2022, Ashland expanded its product range by introducing "Sclareance Biofunctional," a biotech-derived sclareolide. This innovation effectively reduces and controls dandruff, contributing to potential revenue growth for the company.
The Prominent Key Players Operating in the Global Personal Care Ingredients Market Include:
- Ashland (U.S.)
- BASF SE (Germany)
- Bio-Botanica (U.S.)
- BIOLANDES (France)
- Clariant (Switzerland)
- CODIF (France)
- Croda International Plc (U.K.)
- DSM (Netherlands)
- Evonik Industries AG (Germany)
- Laboratoires Expanscience (France)
- Gattefossé (France)
- Givaudan (Switzerland)
- GREENTECH (France)
- Hallstar (U.S.)
- Lipoid-Kosmeti, (Germany)
- The Lubrizol Corporation (U.S.)
- Naolys (France)
- mibelle GROUP biochemistry (Switzerland)
- LUCASMEYER COSMETICS (France)
- Nutri-Woods Bio-tech (Beijing) Co., Ltd. (China)
- Provital (Spain)
- RAHN AG (Switzerland)
- Sabinsa (U.S.)
- SEPPIC (France)
- SEQENS (France)
- Silab (France)
- Solabia Group (France)
- Symrise (Germany)
- Vytrus (Spain)
Above are the key players covered in the report, to know about more and exhaustive list of global personal care ingredients market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Personal Care Ingredients Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
