The SNS Insider report Provides that the Size of Emollients Market size was valued at USD 1.70 billion in 2023. It is estimated to hit USD 2.49 billion by 2031 and grow at a CAGR of 4.9% over the forecast period of 2024-2031.The emollients market is experiencing significant growth, driven by the rising demand for skincare and personal care products that provide superior hydration and skin barrier protection. Emollients, which are moisturizing agents used to soften and smooth the skin, are key ingredients in a wide range of products, including lotions, creams, ointments, and cosmetics. As consumers increasingly seek out products that offer both functional and aesthetic benefits, the market for high-quality emollients is expanding. Innovations in formulation science have led to the development of advanced emollients that not only enhance skin moisture retention but also deliver additional benefits such as anti-aging, soothing, and reparative properties, catering to diverse consumer needs and preferences.
Moreover, the trend towards natural and sustainable ingredients is reshaping the emollients market. Consumers are becoming more conscious of the environmental impact and safety of the ingredients in their personal care products, driving demand for plant-based, biodegradable, and ethically sourced emollients. Manufacturers are responding by investing in research and development to create eco-friendly emollient formulations that maintain high performance while meeting regulatory standards and consumer expectations for sustainability. This shift is opening new opportunities for innovation and differentiation in the market, as brands strive to offer products that align with the growing preference for clean beauty and sustainable living. With the increasing focus on skin health and wellness, the emollients market is poised for continued growth and diversification.
Get Sample Report of Emollients Market @ https://www.snsinsider.com/sample-request/3925
Market Report Scope
Emollients, substances vital for moisturizing and softening the skin, play a Important role across Various industries, including cosmetics, pharmaceuticals, and personal care. These products create a protective barrier on the skin's surface, preventing moisture loss and enhancing natural hydration. The demand for emollients is witnessing steady growth Because of increased skincare awareness, rising disposable incomes, and changing lifestyles. the beauty and personal care industry has seen a surge in demand, with consumers seeking products that enhance appearance and well-being. Furthermore, the shift towards natural and organic emollients reflects the rising demand for sustainable and eco-friendly skincare options. The Emollients Market experiences a robust surge as consumers worldwide embrace the shift towards natural beauty solutions. The consistently increasing demand for plant-based and animal-derived emollients is drive Market.
Major Key Players in the Emollients Market
The major key players are P&G, Johnson & Johnson, Eastman Chemical Company, Evonik Industries AG, BASF SE, The Lubrizol Corporation, Sasol, Hallstar, Croda International PLC, Clariant, Ashland Inc., Stepan Company, Oleon Health and Beauty, Solvay, Vantage Speciality Chemicals, and other key players are mentioned in the final report.
Market Analysis
The Emollients market is driven by worldwide increasing demand for products Related to cosmetic, beauty care, and personal care. The demand for natural ingredients like plant-based and animal-based oils and emollients in cosmetic products is expected to drive the market in the Upcoming Forecast Period. The Emollients Market is propelled by the global surge in demand for cosmetic, beauty care, and personal care products. The growing awareness regarding the harmful effects of chemicals in skincare, cosmetics, and hair care products has led consumers to shift towards naturally derived ingredients. This includes animal and plant-derived emollients, devoid of chemical modifications, fueling market growth. The increasing online distribution channels and e-commerce is Expected to Increase the distribution of personal care products in the future Period.
Segment Analysis
By type
The esters segment dominated the market and accounted for the largest share in terms of revenue and is expected to continue to dominate the market over the forecast period. The Emollients Market is segmented based on types such as esters, fatty alcohols, ethers, fatty acids, and silicones. Among these, the esters segment takes the lead, accounting for the largest share in terms of revenue. Esters like isopropyl myristate, C12-15 alkyl benzoate, cetyl palmitate, and myristyl myristate find extensive use in personal care emollients. Meanwhile, the fatty acids segment is expected to witness significant growth, attributed to their unique properties, including skin-hydrating capabilities and the ability to reduce atmospheric evaporation.
By Form
The liquid segment accounted for the largest revenue share and is expected to retain its position over the forecast period. In terms of form, the liquid segment holds the largest revenue share and is poised to maintain its dominance. Liquid emollients, encompassing natural and synthetic variants, find extensive applications in various personal care formulations like creams, lotions, moisturizers, and shampoos. Conversely, the solid segment is anticipated to achieve the fastest CAGR of 5.1% over the forecast period, driven by the development of semi-solid and waxy-solid emollients catering to diverse consumer needs.
By Application
The skincare segment Dominates the Market with largest revenue share. The skincare segment commands the largest revenue share within the Emollients Market. the dominance is attributed to the increasing usage of skincare products, such as moisturizers, creams, and lotions. the use of plant-based emollients in the personal care industry contributes significantly to market growth. The hair care segment is anticipated to exhibit the fastest CAGR during the forecast period.
By Type
- Esters
- Fatty Acids
- Ethers
- Fatty Alcohols
- Silicones
- Others
By Form
- Solid
- Liquid
By Application
- Skin Care
- Oral Care
- Hair Care
- Deodorants
- Others
Regional Development
Asia Pacific emerges as the dominant force in the Emollients Market, boasting a substantial 34.7% revenue share in 2022. The region's immense population, constituting nearly 60% of the global population, positions it as a key market player. Emollients play a vital role in various personal care products consumed in the region, including shampoos, conditioners, moisturizers, lotions, and deodorants. The surge in demand is fueled by the rising popularity of cosmetics products, with millennials and young adults displaying a noteworthy inclination towards personal care products.
North America is poised to grow with a CAGR of about 5.1% in the emollients market during the forecast period. The United States, in particular, is witnessing an increasing demand for personal care and cosmetic products, driven by evolving consumer lifestyles, a growing emphasis on beauty and wellness, and rising expenditures on skincare cosmeceuticals and anti-aging products.
Key Takeaway
The Emollients Market is set to soar to USD 2.05 Billion by 2030, fueled by the global shift towards natural beauty solutions.
Growing awareness about personal care products and a surge in demand for natural ingredients are key drivers of market growth.
Asia Pacific dominates the market with a 34.7% revenue share, driven by a large population and increasing demand for cosmetics products.
North America is projected to grow at a CAGR of 5.1%, fueled by changing consumer habits and a rising focus on beauty and wellness.
Recent Developments:
In September 2021, BASF SE announced that an partnership with U.S.-based technology startup RiKarbon Inc., focusing on new bio-based green emollients.
In June 2022, Shiseido introduced Sidekick, a new skincare line tailored for Gen-Z men in the Asia Pacific region, aligning with the industry's response to the growing demand among young adults and millennials.
Related Reports:
Agricultural Textiles Market Trend
Air Handling Units Market Trend
Aluminum Extrusion Market Trend
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.