NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global cosmetic ingredients market size is estimated to grow
by USD 5.79 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 7.76% during the forecast period. Growing
demand for natural and organic cosmetic ingredients is driving
market growth, with a trend towards growing prominence of
clean labeling in cosmetic formulations. However, stringent
regulations poses a challenge. Key market players include Alfa
Chemicals Ltd., Ashland Inc., Aston Chemicals Ltd., BASF SE,
Clariant International Ltd., Croda International Plc, Dow Chemical
Co., Eastman Chemical Co., Evonik Industries AG, Givaudan SA, J M
Huber Corp., Koninklijke DSM NV, Lonza Group Ltd., Lucas Meyer
Cosmetics, Nouryon Chemicals Holding BV, Pharmacos India, Solvay
SA, Symrise AG, The Estee Lauder Companies Inc., and Wacker Chemie
AG.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Surfactants,
Emollients film-formers and moisturizers, Single-use additives,
Carriers powders and colorants, and Others), Application (Hair care
and skin care, Perfumes and fragrance, Color cosmetics, and
Others), and Geography (APAC, North America, Europe, South America,
and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Alfa Chemicals Ltd.,
Ashland Inc., Aston Chemicals Ltd., BASF SE, Clariant International
Ltd., Croda International Plc, Dow Chemical Co., Eastman Chemical
Co., Evonik Industries AG, Givaudan SA, J M Huber Corp.,
Koninklijke DSM NV, Lonza Group Ltd., Lucas Meyer Cosmetics,
Nouryon Chemicals Holding BV, Pharmacos India, Solvay SA, Symrise
AG, The Estee Lauder Companies Inc., and Wacker Chemie
AG
|
Key Market Trends Fueling Growth
The cosmetics sector is moving towards clean labeling, which
involves limiting synthetic ingredients for transparency, safety,
and authenticity. This trend has led to a decrease in the use of
artificial and synthetic components. Vendors like Koninklijke DSM
NV and BASF SE are expanding their clean-label cosmetic ingredient
offerings. This focus on clean labeling is expected to boost
R&D activities for the development of eco-friendly alternatives
during the forecast period.
The cosmetic ingredients market is experiencing significant
trends with the increasing usage of facial masks, washes, and
sunscreens. These products contain various ingredients such as face
masks, acids, masks, serums, oils, and water. The use of acids like
hyaluronic acid and alpha hydroxy acids is prevalent in masks and
washes for their hydrating and exfoliating properties. Sunscreens
are essential, and they consist of coppers, peptides, and zinc
oxide. The antioxidant trend is also popular, with the use of
vitamin C and retinol in various cosmetic products. The market for
body lotions and moisturizers is also growing, with the inclusion
of essential oils and plant extracts. Overall, the cosmetic
ingredients market is dynamic, with new trends emerging
continually.
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Market Challenges
- The cosmetic ingredients market is subject to rigorous
regulations in major markets like the US, EU member states, and
Australia. In the US, the Food and
Drug Administration (FDA) enforces safety standards under the Food,
Drug and Cosmetic Act. The FDA mandates product safety, organic
labeling, and prohibited ingredient lists. The Personal Care
Products Safety Act of 2019 further enhances transparency and
monitoring. Similar regulations exist in the EU (Regulation EC No.
1223/2009) and Australia (National
Industrial Chemicals Notification and Assessment Scheme).
Non-compliance can lead to penalties and legal action, restricting
market growth.
- The Cosmetic Ingredients Market faces several challenges in the
body lotions and moisturizers sector. The use of certain
ingredients, such as preservatives and perfumes, can be harmful if
not used correctly. Regulations, like those for cosmetics in the
European Union, require clear labeling and safety assessments.
Thickeners and emulsifiers are essential for product consistency,
but can be difficult to source sustainably. Consumers demand
natural and organic ingredients, which can be costly and
challenging to produce at scale. Producers must balance these
challenges with the need to create effective and affordable
products. The trend towards plant-based and clean label cosmetics
adds complexity to the market, requiring ongoing research and
innovation.
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challenges - Download a Sample Report
Segment Overview
This cosmetic ingredients market report extensively covers
market segmentation by
- Type
- 1.1 Surfactants
- 1.2 Emollients film-formers and moisturizers
- 1.3 Single-use additives
- 1.4 Carriers powders and colorants
- 1.5 Others
- Application
- 2.1 Hair care and skin care
- 2.2 Perfumes and fragrance
- 2.3 Color cosmetics
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Surfactants- The cosmetic ingredients market is
experiencing steady growth, driven by increasing consumer demand
for high-quality products. Key players in the industry are focusing
on innovation and sustainability to meet this demand. Natural and
organic ingredients are gaining popularity, with companies
investing in research and development to source and produce these
materials. The market is expected to reach significant value by
2025, driven by factors such as rising disposable income and
increasing awareness of personal grooming. Companies are also
prioritizing regulatory compliance to ensure product safety and
consumer trust.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Cosmetic Ingredients Market encompasses a wide range of
elements used in the production of various beauty and personal care
products. These include, but are not limited to, body lotions,
eyeliners, lipsticks, moisturizers, and water. Preservatives,
emulsifiers, thickeners, lubricants, pigments, perfumes, and
natural sources such as plants are essential components in this
market. The demand for cosmetic ingredients is driven by consumer
awareness and urbanization, leading to an increased focus on green
cosmetics and the use of natural sources. Anti-oxidant and
anti-inflammatory properties are desirable features in many
cosmetic ingredients, contributing to the market's growth. The
market also includes skincare products, body care products, oral
care products like toothpaste, and various textures and appearances
to cater to diverse consumer preferences. However, the use of
dangerous chemicals remains a concern, necessitating ongoing
research and development for safer alternatives.
Learn and explore more about Technavio's in-depth research
reports
Global Biopolymers and Bioplastic Market: The global biopolymers
and bioplastic market is experiencing robust growth driven by
increasing environmental concerns and regulatory support for
sustainable materials. Biopolymers derived from renewable sources
offer biodegradability and reduced carbon footprint, appealing to
industries seeking eco-friendly alternatives to traditional
plastics.
Global Marine Calcium Market: The global marine calcium market
is expanding as demand grows for calcium supplements sourced from
marine resources. With health-conscious consumers seeking natural
alternatives, marine calcium, known for its bioavailability and
trace mineral content, is gaining popularity in dietary supplements
and pharmaceuticals, driving market growth across regions.
Market Research Overview
The Cosmetic Ingredients Market encompasses a wide range of
substances used in the production of personal care and beauty
products. These ingredients include but are not limited to
emulsifiers, preservatives, pigments, and surfactants. The market
is driven by various factors such as increasing consumer awareness,
growing demand for natural and organic products, and technological
advancements in cosmetic formulations. The global cosmetic
ingredients industry is segmented by product type, application, and
region. Major product types include natural, synthetic, and
specialty ingredients. Applications include skin care, hair care,
color cosmetics, and oral care. The market is expected to grow
significantly in the coming years due to increasing consumer
preferences for high-performance and eco-friendly cosmetic
products. Additionally, the market is witnessing a trend towards
the use of functional ingredients that offer additional benefits
beyond basic cosmetic functions. The use of advanced technologies
such as nanotechnology and biotechnology is also expected to drive
market growth. Overall, the cosmetic ingredients market presents
significant opportunities for growth and innovation in the personal
care and beauty industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Surfactants
- Emollients Film-formers And Moisturizers
- Single-use Additives
- Carriers Powders And Colorants
- Others
- Application
-
- Hair Care And Skin Care
- Perfumes And Fragrance
- Color Cosmetics
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio