New York, NY -- (SBWIRE) -- 08/31/2017 -- A recently published report by Persistence Market Research reveals that the global cosmetic ingredients market will reflect a growth of 4.5% CAGR over the forecast period, 2015 – 2025. Increasing need to look good and presentable in the office or social gatherings has led to an upsurge in demand for cosmetic ingredients globally. Cosmetic manufacturers are increasingly using environment-friendly ingredients for production of cosmetic products. In addition, surge in development of innovative products is predicted to fuel demand for cosmetic ingredients in the cosmetic industry. Moreover, increase in disposable income and growing urbanization is predicted to impact the global market growth of cosmetic ingredients significantly. Growing awareness regarding clean-label in the cosmetic industry has led to a surge in development of environment-friendly cosmetic products. Additionally, increasing need to maintain cleanliness and hygiene has fuelled demand for hair removers, fragrance products, products related to oral care, and other make up products. Such factors are likely to boost demand for cosmetic products positively during the predicted period. Due to increasing preference for environmental-friendly products, manufacturers are increasingly using organic and natural ingredients for production of cosmetic products. Attributed to such factors, the global market of cosmetic ingredients is predicted to witness a boost in demand during the predicted period.

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Polymer among other products is predicted to represent a relatively high growth in the global market by the end of 2026. Surfactants among other products is predicted to represent the second highest growth in the global cosmetic ingredients market by 2026 – end. In 2016, polymer segment witnessed a Y-o-Y growth of 3.6%, and surfactant segment witness a Y-o-Y growth of 5.3% in the global market. Skin care among other segments represented a major application for cosmetic ingredients in 2016. This segment accounted for a revenue share of 31.6% in 2016. Moreover, skin care among other applications represented US$ 4,816.4 Mn, and witnessed 5.2% growth in revenue terms in 2016. Moisturizing among other functions is predicted to represent a major segment in revenue terms, and accounted for a share of 25.1% in 2015. This segment among other functions is predicted to represent 4.8% Y-o-Y growth, and represented US$ 3,856.4 Mn in 2016. In 2016, Western Europe represented a major market for cosmetic ingredients globally. The cosmetic ingredients market in Western Europe represented a value of US$ 4,256.9 Mn in revenue terms, and witnessed 3.8% growth of in 2016. By 2016, North America among other regions represented the second – largest market globally for cosmetic ingredients, and represented an increase of 4.6%.

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Major market players operating in the global cosmetic ingredients market include BASF SE, Akzo Nobel N.V., Eastman Chemical Company, The Dow Chemical Company, and Croda International Plc. Other market players that are end users in the global cosmetic ingredients market include L'Oréal International, Unilever, Colgate-Palmolive Company, COTY Inc., and The Estée Lauder Companies Inc. 

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