Industry Background:
Moisturizing agents are added to cosmetics, personal care products and in certain medications of skin care disease. It is mainly added to prevent loss of moisture and hydrate the skin. They help in retaining the inherent moisture and give a smooth appearance to the skin. Moisturizing agents are added personal care products as they fill irregularities in skin texture to rapidly improve the texture and appearance of skin. Increasing demand for personal care products and cosmetics across the globe is driving the demand for market. Geographically, North America region is expected to grow with higher growth rate owing to presence of leading market players followed by Europe and Asia Pacific region.
According to AMA Research, the market for Moisturizing Agent is expected to register a CAGR of 11.6% during the forecast period to 2030. This growth is primarily driven by Rising Expenditure of Cosmetics & Personal Care Products
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diversified Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Merck KGaA (Germany), BASF SE (Germany), Du Pont (United States), DOW Chemicals (United States), Eastman Chemical Company (United States), Botanic Innovations, LLC (United States), AkzoNobel (Netherland), Kowa (United States), Maruho (Japan), Kao Worldwide (Japan), Zhejiang Wumei Biotechnology (China), Odm Global Cosmetics. (China), Solvay (Belgium) and Corbion (Netherland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2023, OLAY announced a new moisturizer formula featuring niacinamide and peptides. This product promises improvements in complexion, wrinkles, and hydration within one week.
In May 2022, Nykaa SKINRX launched two new oil-free day moisturizers. These moisturizers are designed for oily skin and come with SPF 15, aiming to provide hydration without leaving a white cast.The market of is moisturizing agent expected to grow with rising demand for personal care products. Hence there are several companies are providing moisturizing agent with unique feature. Thus, the market is fragmented with the presence of market players. Additionally, many local vendors are also entering to market with excellent features which in turn impacting on the competitive rivalry.
Influencing Trend:
Huge Demand for Emollients Moisturizing Agent over Others
Market Growth Drivers:
Rising Expenditure of Cosmetics & Personal Care Products and Growing Demand for Moisturizing Agents in Skin Disease Treatments
Challenges:
Side Effects like Stinging, Redness, and Irritation for certain Moisturizing Agent
Restraints:
Huge Investment Requirement for Setup and Manufacturing
Opportunities:
Rising Industrial Expenditure of Pharmaceutical Industry Especially in Asia Pacific has Created Growth Opportunities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Moisturizing Agent Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Moisturizing Agent Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Moisturizing Agent players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Moisturizing Agent Study Sheds Light on
The Moisturizing Agent Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Moisturizing Agent industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Moisturizing Agent industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.