Climbing up from a value of US$ 12,056.20 Mn in 2022, the personal care ingredients market is likely to be driven by the heightened emphasis on personal care and self-grooming. The global personal care ingredients market is projected to reach a value of US$ 19,452 Mn in 2032, with the market growing at a moderate CAGR of 4.9% over the forecast period of 2022 to 2032.
The increasing investments in research and development of skin-specific products is supposed to augment the market expansion of personal care ingredients over the projected period.
Personal care ingredients are synthetic chemicals that are utilized in different cosmetics and beauty products. People now have access to a variety of international personal care ingredients owing to rising globalization and escalating digitalization.
People all over the globe are aware of various regional personal care ingredients due to a combination of globalization and technology. This bodes well for the future prospects of the personal care ingredients market. The immense stress on hygiene and grooming along with a desire to look good across all age groups is propelling the market growth of personal care ingredients market.
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Competitive Landscape
Croda International plc. (U.K.), BASF SE (Germany), Ashland Global Inc. (U.S.), Evonik Industries AG (Germany), Akzo Nobel N.V. (Netherlands), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), Wacker Chemie AG (Germany), Lonza Group Ltd. (Switzerland) and Solvay SA (Belgium) and Beiersdorf., and others, are some of the major players in the personal care ingredients market that are profiled in the full version of the report.
Major market players are focusing on product innovation and development as well as employing a more environment-friendly operations strategy to strengthen their market penetration.
More Insights into the Personal Care Ingredients Market Report
In its latest report, FMI offers an unbiased analysis of the global personal care ingredients market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.
To understand the global market potential, growth, and range, the market is segmented on the basis of product type (emollients, surfactants, emulsifiers, antimicrobials, UV absorbers, conditioning polymers, rheology modifiers, colorants and preservatives), application (skin care, make-up, oral care, hair care), consumer (personal care manufacturer, chemical industries, end-use industries), and region.
According to the latest FMI reports, based on region, the personal care ingredients market in the U.S is predicted to present substantial growth over the forecast period. The presence of a massive consumer base coupled with heightened demand for skin care products will propel the country’s personal care ingredients market to grow during this period of observation.
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