Global Personal Care Ingredients Market, By Ingredients (Antimicrobial, Colour Cosmetics Ingredient, Conditioning Polymer, Hair Fixative Polymers, UV Absorbers, Emollients, Emulsifiers, Surfactants, Rheology Modifiers, Active Ingredients, Others), Source (Natural Ingredients, Synthetic Ingredients), Applications (Skin Care, Hair Care, Oral Care, Make-Up and Others), Chemical function (Chelating Agents, Cream Bases, Active Ingredients, Protein Products, Lipid Layer Enhancers, Humectants, Shine Concentrates, Thickeners, Waxes, Opacifiers, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The personal care ingredients have witnessed huge growth over significant growth over forecast period due to the increasing spending capacity of individuals worldwide. Furthermore, the market has benefited from the availability of a diverse range of products as a result of enterprises' ongoing focus on innovation, propelling the global personal care ingredients market forward.
Global Personal Care Ingredients Market was valued at USD 11.80 billion in 2021 and is expected to reach USD 16.78 billion by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Ingredients (Antimicrobial, Colour Cosmetics Ingredient, Conditioning Polymer, Hair Fixative Polymers, UV Absorbers, Emollients, Emulsifiers, Surfactants, Rheology Modifiers, Active Ingredients, Others), Source (Natural Ingredients, Synthetic Ingredients), Applications (Skin Care, Hair Care, Oral Care, Make-Up and Others), Chemical function (Chelating Agents, Cream Bases, Active Ingredients, Protein Products, Lipid Layer Enhancers, Humectants, Shine Concentrates, Thickeners, Waxes, Opacifiers, Others)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
BASF SE (Germany), Ashland (U.S.), Solvay (Belgium), Dow (U.S.), Clariant (Switzerland), Croda International Plc. (U.K.), Evonik Industries AG (Germany), Kemira (Finland), The Lubrizol Corporation (U.S.), NIPPON SHOKUBAI CO. LTD (Japan), Dow (U.S.), Henan Qingshuiyuan Technology CO., Ltd., (China), Aurora Fine Chemicals (U.S.), Zouping Dongfang Chemical Co., Ltd. (China), ACURO ORGANICS LIMITED (U.S.), Maxwell Additives Pvt. Ltd (India), Nouryon (Netherlands), Lonza (Switzerland)
Personal care ingredients are the raw materials used to make skin-care products all over the world. These compounds can be utilized in skin care products as antifungal, anti-aging, skin conditioning, and other properties. Ingredients can also be divided into active and inactive categories. Anti-ageing agents, exfoliants, conditioning agents, and UV protection agents are active components, while surfactants, preservatives, colorants, and polymer compounds are inactive ingredients.
Personal Care Ingredients Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surge in Purchasing Power and Change in Lifestyle
Most developing countries, particularly China, Brazil, and India, have seen a significant shift in consumer behavior. Increased income and purchasing power are fueling the growth. The demand for personal care ingredients in these nations has risen as a result of these causes. The public's knowledge of hygiene, beauty, and health has continuously grown. For example, premium skin and hair care products, which were formerly only available in urban regions, are now widely available in India and China's rural areas. The cosmetics and personal care business is being driven by this shift in consumption patterns. Some of the primary drivers of the personal care ingredients market are increasing urbanization, an increase in the number of working women, changing lifestyles, and increased awareness of cleanliness and skin care. Personal care products have become more popular as people have become more concerned of hygiene and personal health. As a result of this shift, more skincare and hair care products are being manufactured, driving up demand for personal care chemicals.
Furthermore, the growing public understanding of the chemicals and other materials used in products will benefit the product market. The senior population's rising interest in anti-aging products will be driven by the personal care ingredients market. The natural personal care sector will continue to flourish as people become more conscious of synthetic chemicals.
- Shift towards Sustainable and Bio-based Products
Environmentally hazardous by-products and carbon emissions are produced when personal care ingredients are made from petrochemicals. As a result, various non-hazardous and environmentally friendly ingredients are being developed. As a result, enzymes capable of generating bio-based solutions have been developed. Bio-based goods can be designed to fulfil a wide range of customer requests in addition to reducing carbon footprints. Outstanding cleaning and wetting properties, as well as multipurpose capabilities, are among the increased properties. Growing consumer awareness of biodegradable products has led to the creation of novel products, which are projected to extend profitable opportunities to the market players in 2022 to 2029.
- Technological Advancements
The personal care ingredients market has a possibility to grow as a result of technological advancements. The personal care ingredients market in Europe and North America is defined by substantial experience and understanding. In both established and emerging countries, advancements in personal care products and advancements in applications are increasing demand for better products.
- Strict Rules and Approval Policies
Various government agencies around the world regulate personal care items. The regulatory system is different across the various regions, but they all have the same goal: to ensure the safety and correct labelling of personal care goods. This further limits the use of new components over the world, stifling the development of personal-care products. These strict regulations delay or hinder the introduction of new items, raise the price of any new product that is put to the market, and may result in product recalls. As a result, the introduction of new laws and changes to current regulations have a detrimental impact on market growth.
- Supply Chain Disruptions
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. Therefore, this factor will challenge the personal care ingredients market growth rate.
This personal care ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personal care ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Personal Care Ingredients Market
The recent outbreak of coronavirus had a negative impact on the personal care ingredients market. The personal care sector has been impacted by the coronavirus outbreak, which directly influenced the personal care ingredients market. The drop is primarily due to the shackles governments have imposed to adhere to social distancing standards. The global economic recession is also causing the industry to be disrupted. The closure of manufacturing plants has harmed the personal care ingredients market. The pandemic has impacted consumer expenditure on necessities. It has also affected the way people buy things. As a result, there is a mismatch between worldwide demand for personal care ingredients and availability.
As a result of COVID-19, the personal care market has seen a large reduction in discretionary expenses like as fragrances, hair styling products, and make-up. Basic needs such as hand wash, body wash, and lotions are where most consumers spend their money. Consumer spending and consumption patterns have altered as a result of the global downturn, which has had an impact on the personal care industry's numerous categories.
- In August 2020, BASF SE has added a new production line to its Kaohsiung location in Taiwan, which will increase the production of Uvinul A Plus, a UVA (UV longest wavelength) protection component. It's found in a variety of sun and skin care products. The production line was launched in response to increased customer demand in the Asia Pacific region.
Global Personal Care Ingredients Market Scope
The personal care ingredients market is segmented on the basis of ingredients, source, applications and chemical function and properties. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Preservatives Boosters
- Antidandruff Agents
- Colour Cosmetics Ingredient
- Inorganic Pigment
- Organic Pigment
- Conditioning Polymer
- Conditioning Protein
- Hair Fixative Polymers
- PVP and Derivatives
- Acrylates Copolymers
- Dehydroxanthan Gum
- UV Absorbers
- Emollients Esters
- Natural Oilpreser
- Anionic Emulsifier
- Fatty Esters
- Alkyl Esters
- Veg- Based Emulsifier
- Rheology Modifiers
- Synthetic Organics Polymers
- Natural Gums
- Modified Starches
- Active Ingredients
- Natural Ingredients
- Synthetic Ingredients
- Chelating Agents
- Cream Bases
- Active Ingredients
- Protein Products
- Lipid Layer Enhancers
- Shine Concentrates
Personal Care Ingredients Market Regional Analysis/Insights
The personal care ingredients market is analyzed and market size insights and trends are provided by country, ingredients, source, applications and chemical function and properties as referenced above.
The countries covered in the personal care ingredients market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for personal care ingredients from various luxury products such as skin care, hair care, oral care, make-up, and others within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising awareness about the benefits of natural personal care ingredients coupled with the shift in consumers’ trends towards home beauty treatment in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Personal Care Ingredients Market Share Analysis
The personal care ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to personal care ingredients market.
Some of the major players operating in the personal care ingredients market are
- BASF SE (Germany)
- Ashland (U.S.)
- Solvay (Belgium)
- Dow (U.S.)
- Clariant (Switzerland)
- Croda International Plc. (U.K.)
- Evonik Industries AG (Germany)
- Kemira (Finland)
- The Lubrizol Corporation (U.S.)
- NIPPON SHOKUBAI CO. LTD (Japan)
- Dow (U.S.)
- Henan Qingshuiyuan Technology CO., Ltd., (China)
- Aurora Fine Chemicals (U.S.)
- Zouping Dongfang Chemical Co., Ltd. (China)
- ACURO ORGANICS LIMITED (U.S.)
- Maxwell Additives Pvt. Ltd (India)
- Nouryon (Netherlands)
- Lonza (Switzerland)