Transparency Market Research

Cosmetic Ingredients Market Driven by Social Media Provides Promises Better Skin Care Routine

Cosmetic Ingredients Market was worth US$22.89 bn in 2016 which is expected rise at a CAGR of 4.60% from 2017 to 2025, increasing to US$33.80 bn by the end of 2025.

 

Albany, NY -- (SBWIRE) -- 02/22/2019 -- Main Drivers for the Global Cosmetic Ingredients Market

The global cosmetic ingredient market is growing at a steady pace. It is expected to register a healthy growth during 2018-2026. The cosmetic ingredient market is driven by increasing demand for cosmetic products, rising expectations of beauty worldwide, and increasing focus on skin care.

Worldwide concerns such as global warming are increasingly making skin care more challenging. From skin irritation, to skin protectors for UV radiation is driving people to buy more cosmetics. Moreover, the advent of social media has also significantly reduce marketing costs. Influenced led marketing is paying dividends for many small and large players in the market. The market is expected to fragment further due relatively smaller capital and marketing costs in the near future.

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Major Challenges in the Cosmetic Ingredients Market

Social media is proving to be a boon as well as challenge for the global cosmetic ingredient market. On one hand, it has driven marketing costs down. However, it has brought in more awareness driven by increasing expectations of transparency.
Similarly, governments around the world are following suit in brining in more legislations and regulations. The FDA recently categorised several cosmetic makers as potential drug makers due to their advertised claims and use of ingredients. Similar regulatory environment is taking shape in Europe, which can hinder the growth of the cosmetic ingredient market.

However, growing R&D coupled with new opportunities in the market is expected to fuel the cosmetic ingredient market during the forecast period.

Major Ingredients in Demand in the Cosmetics Ingredients Market

Cosmetic ingredients are primarily used as moisturizing agents, coloring agents, and cleansing agents. There is a growing demand in the cosmetic ingredient market for moisturising agents. The agent's extensive application in hair care, makeup cosmetics, and skin care is driving its demand. The agents are expected to dominate the cosmetics ingredients market during the forecast period. Moreover, cleansing agens are also seeing a rise in demand. Its demand is further expected to escalate during in the near future in the hair care and skin care products. Effective removal of dirt and oil from skin in growing polluted urban environment is expected to increase its demand.

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Major Regions Driving Demand in the Cosmetics Ingredients Market

Growing disposable income, low cost availability of raw materials, establishment of major cosmetic players are expected to drive growth in the Asia Pacific regional cosmetic ingredients market. The regional market is expected to witness the highest growth during the forecast period. Asian Countries including India, China, Japan, South Korea are expected to be major drivers in the market. Concerns of global warming, air pollution and congested urban living in these countries are also expected to aid growth in these countries. In the European market, France is expected to witness largest growth during the forecast period. Increasing presence of European cosmetic suppliers in Asia is also expected to drive the cosmetic ingredient market in Europe.