- The market is set to grow at a healthy compound annual growth rate of 5.6% over the forecast period
- Increasing focus on improvement in textural properties of cosmetics ingredients and on improvement in production techniques is set to drive market forward
- Personalization and product innovation will gain prominence in the market
ALBANY, N.Y., July 22, 2020 /PRNewswire/ -- Over the period of 2020 to 2030, the market for cosmetics ingredients would grow steadily at a rate of 5.6%. A number of varied trends and drivers are contributing positively to this growth, taking the global cosmetics ingredient market worth up to USD 51.6 billion by the end of the stated period. Here, it is significant to mention the market valuation in 2020 stood at USD 30 billion.
Transparency Market Research makes crucial observation, "Anti-ageing products are witnessing a steep and upward facing demand curve in the market, contributing significantly to overall growth. The reason for the same is a rapidly ageing population, which is increasingly conscious of skin care and overall appearance."
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Key Findings of Global Cosmetics Ingredient Market Study:
- Demand for color cosmetic products is anticipated to be high over the forecast period, contributing notably to overall market growth
- Popularity of herbal cosmetics is growing rapidly as perception of minimal side-effects of use of natural products and associated health benefits catches-on
- Over the forecast period, skin care is set to account for a sizeable share of global cosmetics ingredient market
Uncover 132 pages of intelligent research, current market scenario, and extensive geographical projections. Gain insights on Cosmetics Ingredient Market (Ingredient Type: Synthetic Chemical Ingredients, Natural/Herbal Ingredients, and Specialty Ingredients; and End Use: Fragrance, Hair Care, Skin Care, Make-up, Oral Care, and Eye Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/cosmetic-ingredients-market.html
Key Drivers of Growth in Global Cosmetics Ingredient Market:
Numerous drivers and trends are set to propel the market on a high growth trajectory. A glimpse into some of the prominent ones is provided below:
- Population across the world is ageing and this is leading to demand for effective skin-care, particularly for anti-ageing products
- By 2050, the age group of 60 and over will witness 2 billion people marking it; age group of 65 and over will witness one in every six people across the world occupying it
- Increase in disposable income will allow people to afford premium products
- Social media influence in creating a much higher and quite hard-to-achieve beauty standard is substantial and this driving demand for cosmetics ingredients
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Regional Analysis of Global Cosmetics Ingredient Market:
- North America would follow Europe in terms of claim to market share over the forecast period
- Currently, Americas and Europe hold about 28.2% and about 33.8% of total market share, respectively
- High disposable income is a notable growth factor in the regional markets of Europe and Americas
Analyze global cosmetics ingredient market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Cosmetics Ingredient Market:
Global Cosmetics Ingredient Market has a decent number of prominent players marking the vendor landscape. Some of the top ones, profiled by Transparency Market Research, include BASF SE, Croda International Plc, DuPont de Nemours Inc, Archer Daniels Midland Company, Clariant AG, Ashland Global Specialty Chemicals Inc, Solvay SA, Evonik Industries AG, Actives International LLC., INOLEX Inc., Eastman Chemical Company, Kolmar BNH Co Ltd, COBIOSA, Innospec Inc., Lonza Group Ltd., Novacap Group (SEQENS), and Kao Corporation, among others.
It is pertinent to note here that in order to claim a higher market share, players deploy varied growth strategies. Prominent among the list of these measures are new product launches and growing focus on innovation and personalization. Marketing also holds a key place in strategy. It is therefore not uncommon to see brand promotional activities doing the rounds. Celebrity endorsements are also critical in endeavors to stay ahead of the competition.
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Global Cosmetics Ingredient Market Segmentation
Cosmetics Ingredient Market by Ingredient Type
- Synthetic Chemical Ingredients
- Mineral Oils
- Triethanolamine (TEA)/Diethanolamine (DEA)
- Synthetic Colours
- Methyl, Propyl, Butyl, Ethyl Paraben
- Sodium Lauretha Sulphate
- Natural/Herbal Ingredients
- Vegetable Fatty Acids
- Animal Fats
- Essential Oils
- Natural Colours
- Speciality Ingredients
- Conditioning Polymer
- Rheology Control Agent
Cosmetics Ingredient Market by End Use
- Hair Care
- Hair Removal
- Hair Conditioning & Shampoos
- Hair Color
- Skin Care
- Acne Preparations
- Skin Whitening Cream
- Lipsticks & Lip guards
- Oral Care
- Eye Care
Cosmetics Ingredient Market by Region
- North America
- Latin America
- Rest of LATAM
- Rest of Europe
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- Asia Pacific
- New Zealand
- Rest of Asia Pacific
Explore Transparency Market Research's award-winning coverage of the Global Consumer Goods & Services Industry:
Baby Care Products Market – The demand within the global market for baby care products has been rising on account of the changing mothering propensities and inclinations across the world, finds Transparency Market Research (TMR). Baby care products include a wide range of generic and specialised items that can assist in grooming and raising infants. The vendors in the global market for baby care products are manufacturing unique and utility-driven products in order to attract the consumers.
Nutricosmetics Market – Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for nutricosmetics. Emerging markets in the Asia Pacific region and South America whose income levels are rising are expected to witness high growth rate in the demand for skin care products. This is due to a rise in disposable income. Developing countries such as Chile and Uruguay are witnessing a rise in average spending on nutricosmetics products.
Cosmetics and Toiletries Market – Cosmetics and toiletries include products ranging from perfumes, deodorants, creams to lotions and hair-care products. These products are used for enhancing the general appearance of a user. The global cosmetics and toiletries market has been experiencing a considerable demand in recent years because of the growing consumer awareness about personal hygiene.
Cosmetic Skin Care Market – The global cosmetic skin care market is expected to reach a value of US$ 130.4 Bn by 2027. In terms of revenue, the market is estimated to expand at a CAGR of 3.7% from 2019 to 2027. In terms of volume, the market stood at around 2,853.7 Million units in 2017. The cosmetic skin care market in Asia Pacific is expected to expand at a notable growth rate during the forecast period both in terms of value (US$ Bn) and volume (Million Units).
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