Cosmetic Ingredients Market Growth Driven by Increasing Trend of the Anti-Aging Formulations
The global cosmetic ingredients market was worth US$22.89 bn in 2016 and 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) -- 03/16/2018 --Global Cosmetic Ingredients Market: Overview
Consumers over the years has become excessive conscious about the well-being of the skin and is more focused in attaining perfect flawless skin without any blemishes, marks or dark spots. Manufacturers through continuous research and development capture the existing skin care industry with the introduction of new products with unique ingredients, thus triggering the global cosmetic ingredients market. In addition, major skin concerns among consumers include, premature ageing, wrinkles, dry skin, pigmentation, age spots, and uneven skin tone. Therefore, anti-ageing products are in great demand which in turn boosts the global cosmetic ingredients market. Major restraint hindering the global market includes stringent government rules and regulations on several ingredients.
Cosmetic Ingredients market is forecast to witness a stable growth rate over the forecast period. With increased demand of various end use products, the global market for cosmetic ingredients is increasing substantially. Various types of ingredients both natural and synthetic are used in various end use products such as skin care, hair care and make up among others. By type the market has been segmented into surfactants, polymers, emollients rheology modifiers and others which include absorbers and antimicrobials. By function the market has been segmented into cleansing agent, moisturizing agent and coloring agent and others which includes fragrances and toners. The market is further segmented into end use namely skin care, hair care; make up, oral care and others which include perfumes and deodorants.
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Global Cosmetic Ingredients Market: Scope of the Study
The cosmetic ingredients market is seeing dramatic changes over the years. There are several regulatory bodies that have their own regulations regarding the use of different ingredients in order to provide safety to consumers. Thus, this has resulted in restraining the global cosmetic ingredients market. Major opportunities of the global cosmetic ingredients market include constant change in consumer preference. Changing lifestyle and rising disposable income coupled with growing consciousness about physical appearance has resulted in continuous demand for cosmetic products which in turn has fuel the demand for cosmetic ingredient market. A stable and continuous growth of the economy in the Asia Pacific region has resulted in rise in disposable income over the years. This has generated opportunities for the global cosmetic ingredients market.
Moreover, in this report the study provides different countries included in different regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is the most dominant region in the global market as well as the most rapid growing region. North America includes the U.S. and Rest of North America. The U.S. held the most dominant market share and it is also the most rapid growing country. Europe includes U.K., Germany, France, Russia, Italy and Rest of Europe. France held the most dominant share in the European market. U.K is the most rapid growing country over the forecast period. Asia Pacific includes countries such as India, China, Japan and Rest of Asia Pacific. In addition, Middle East and Africa includes country such as UAE, South Africa and Rest of Middle East and Africa. Latin America comprise of countries such as Brazil and Rest of Latin America.
Companies Mentioned in the Report
A competitive analysis of all the leading players is included in the report. The leading players include Ashland Inc. (U.S.), BASF SE (Germany), Croda International Plc. (U.K.), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S), Evonik Industries AG (Germany), Lonza Group (Switzerland), Solvay SA (Belgium), Clariant AG (Switzerland) and Innospec Inc. (U.S.) among others.
The report provides an exhaustive study of the Cosmetic Ingredients market along with offering the market estimates, in terms of revenue (USD billion) for the forecast period from 2017-2025. Further, the global market is classified on the basis of type, function and end use.
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The global cosmetic ingredients market can be segmented as follows:-
Antioxidants and Preservatives
By End User
Rest of North America
Rest of Europe
Rest of APAC
Middle East and Africa
Rest of Middle East & Africa
Rest of Latin America
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