The Global Personal Care Specialty Ingredients market is forecast to reach USD 22.00 Billion by 2027, according to a new report by Reports and Data. One of the major driving factors fostering the growth of the market is increasing expenditure on personal grooming, which is supported by growing per capita disposal income. It is also contributing to the growing demand for these specialty ingredients. There has also been an elevating awareness and understanding of the association between personal hygiene, personal care, and health in developing regions, which is also supporting the expansion of the sector in these regions. The expansion of the industry in these regions is also supported by healthy employment and growing GDP.
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Top Profiled Companies in the Global Personal Care Specialty Ingredients Market Report:
BASF SE, Vantage Specialty Ingredients, Inolex, Ashland, Inc., Naturex, Adina Cosmetic Ingredients, Cosmetic Ingredients (Pty) Ltd., Avenir Ingredients, Treatt and Akott.
Further key findings from the report suggest
- In context to Ingredient Type, the Formaldehyde segment held a significant market share of more than 15.0% in 2019. The market share held by the Formaldehyde segment is attributed to its wide arena of applications in personal care products ranging from soaps, lotions, shampoos, among others, which contributes to the market share held by this segment. The main reason for using this ingredient is providing protection to the product from contamination of bacteria during its continued use and storage.
- In context to Product, the Inactive product segment held a considerable share of the market of more than 60.0% in 2019. The market share held by the Inactive product segment is attributed to the effectiveness of the product in developing the benefits of individual elements of cosmetic formulations, which results in its high demand among end-users, contributing to the market share held by this segment.
- In context to End-use, the Skincare segment held a considerable share of the market of more than 35.0% in 2019. Skincare products usually include moisturizers, lotions, and creams, among others. The market share held by the Skincare segment is attributed to growing demand skin beautifying products, which comprises of properties like skin smoothening, brightening and soothing properties that are contributing to the market share held by this segment.
- In May 2020, BASF announced the initiation of its functioning in South Carolina, wherein it is emphasizing on manufacturing opacifiers and pearlizers. The blend is essential ingredients for opacity or shimmering effect in personal care products like shampoos, soaps. With this expansion, the company could not only strengthening its industry positioning but it is also catering to the increasing demand for the specialty ingredients among end-users.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Ingredients Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Glycerols
- Formaldehyde
- Isopropyls
- Dimethicone
- Alcohols
- Titanium Dioxide
- Sodium Lauryl Sulphate
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Active
- Inactive
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Hair Care
- Skin Care
- Make-Up
- Oral Care
- Others
Key Takeaways of the Global Personal Care Specialty Ingredients Market Report:
- A comprehensive overview of the global Personal Care Specialty Ingredients industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Personal Care Specialty Ingredients market.
- Elaborate study of the leading regional markets in the global Personal Care Specialty Ingredients market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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