About Cosmetic Ingredients
Cosmetic ingredients are synthetic substances that can be used in a wide range of cosmetics and beauty products. Traditionally, these ingredients have seen steady demand; but, as consumer preferences for herbal and organic products have evolved, the status quo has shifted. In the forecast period, evolving lifestyles and increasing purchasing power will accelerate the prime growth of the global cosmetic ingredients industry, as will an increase in per capita income and an urbanized population.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Cosmetic Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Croda International plc. (United Kingdom), BASF SE (Germany), Ashland Global Inc. (United States), Evonik Industries AG (Germany), Akzo Nobel N.V. (Netherlands), Clariant AG (Switzerland), The Dow Chemical Company (United States), Wacker Chemie AG (Germany), Lonza Group Ltd. (Switzerland) and Solvay SA (Belgium) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cosmetic Ingredients market by Type (Surfactants, Emulsifiers, Antimicrobials, UV absorbers, Emollients, Conditioning Polymers and Others), Application (Skin Care, Nail Care, Make up and Others) and Region.
On the basis of geography, the market of Cosmetic Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Functionality, the sub-segment i.e. Cleansing Agents & Foamers will boost the Cosmetic Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Consumer, the sub-segment i.e. Personal Care Manufacturer will boost the Cosmetic Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Products with Organic Ingredients
Market Growth Drivers:
Growing Demand for Hair Care and Oral Care Applications, Rising Demand for Multifunctional Ingredient and Increasing Purchasing Power of Consumer and Rapid Change in Lifestyle
Challenges:
Effects of Harmful Chemicals Used in Cosmetic Ingredients
Restraints:
Governmental Regulations against Cosmetic Products
Opportunities:
High Market Potential in Emerging Economies of the World and Global Demand Shifting toward Sustainable and Bio-based Products
Market Leaders and their expansionary development strategies
In October 2023, BASF and Givaudan announce a strategic partnership to develop and commercialize sustainable cosmetic ingredients. The partnership will leverage BASF's expertise in renewable raw materials and Givaudan's fragrance and flavor creation capabilities.
In October 2023, Evonik Industries AG introduces TEGO® Pep 4-17, a new biomimetic peptide that reduces the appearance of wrinkles and improves skin elasticity. This ingredient is derived from natural sources and offers a safe and effective alternative to synthetic anti-aging ingredients.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Cosmetic Ingredients, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.