In 2015, the global market for personal care specialty ingredients was valued at USD 9.62 billion. Over the next eight years, organic ingredients will see a significant increase in demand due to consumer awareness about the dangers of synthetic chemicals in personal care products.
Consumers of all ages have noticed a rise in interest in personal care products that cause minimal skin irritation. This is due to increasing access to online health forums. The preference for water-based hair products over solvent-based options is due to their ease of use and minimal hair damage from prolonged use.
U.S. personal-care specialty ingredients market revenue per product, 2014-2024 (USD Million).
Manufacturers have been urged to use mild ingredients like sulfate free anionic surfactants. These are more preferred than traditional products such as sodium laurylether sulfates. Similar trends were also observed in other product segments, such as the anti-microbial or anti-aging product groups.
The main sources of active ingredients are soybean, neem and fish oil. Guar gum is also a major source. Xanthan gum is a major ingredient in skin care, hair care, makeup and bath products. However, soy-based ingredients are important in anti-aging products. The price and availability for specialty ingredients is key to their demand.
Although climatic factors can influence raw material production and supply, regulations govern the extraction and processing ingredients from these sources. EcoCert and BDIH have developed strict guidelines for cosmetics based upon food standards. Certech, Certech, Soil Association, and Certech are some of the certification bodies. These guidelines have an impact on the trading of products not manufactured according to the guidelines. These strategies will likely impact false labeling and steer the natural and organic market for personal care specialty ingredients over the next eighteen years.
Global demand for activepersonal care specialty ingredients was dominant accounting for more than 58% of total revenue in 2015. This product segment is expected grow at a 5.4% annual rate over the next eight year. This segment is highly regarded due to its ability to enhance the benefits of individual ingredients of cosmetic formulations. Its compatibility with different formulations has resulted in increased use of many hair and skincare products over recent years.
The fastest-growing segment in personal care specialty ingredients is expected to be active personal care. They are predicted to reach a net worth USD 6,520.1 million by 2024. This segment is experiencing high growth due to the growing demand for conditioning polymers and other emollients in beauty products like creams, lotions and gels.
The highest growth in active elements is expected for conditioning polymers. They are predicted to reach USD 1,147.7 millions by 2024, at an estimated CAGR 6.6% between 2016 and 2024. The shift in consumer preference to multi-functional products has led formulators to create products that can be used for both conditioning and coloring.
Industry participants are expected to have ample opportunities over the long-term thanks to ongoing research in polyquaternium, protein-based ingredients and hair conditioning products. US polyquaternium-based conditioning products market was valued at USD 38.1 million in 2015. It is expected to grow at a CAGR of 6.7% during the forecast period.
The Asia Pacific personal care specialty ingredient market was valued at 6.0% and will continue to grow. The significant demand for hair and skin care products in this region has been driven by a shift in consumer preference towards at-home beauty treatments. R&D investments will continue to be driven by ongoing research projects undertaken in various countries like China, India, Vietnam, and Vietnam that aim to create innovative products using local ingredients.
Asia Pacific closely followed North America in terms of market value and accounted for 27.8% in total personal care specialty ingredient revenue in 2015. Over the next eight year, the related personal care product market will be driven by a shift in consumer preference towards moisturizing and UV protection products, especially in the U.S.A and Mexico.
The insignificant regulatory environment and the dominance of petrochemical derivatives for personal care products will lead to slow growth in Central and South America. Brazil was the top-ranked country in the region, with a net worth of more than USD 270 millions in 2015.
Due to the large number of small and medium-sized manufacturers, especially in Asia Pacific and Middle East, the global market for personal care specialty ingredients is fragmented. Evonik, BASF and Inolex are some of the major manufacturers.
Evonik, BASF and Inolex are the top three companies in the industry. They are integrated throughout the entire value chain, which includes basic raw materials such as vegetable oil derivatives or glycerol. Manufacturing to captive consumption for the production of finished cosmetic products.
Most manufacturers are switching from petrochemical derivatives towards organic raw materials in order to keep up with the changing consumer trends and ensure long-term sustainability. Inolex, a major chemical producer, has created a new range sustainable and natural emollients for the personal care market in collaboration with BioAmber.
Ashland, Inc. developed a new ingredient, Elixiance biofunctional, last year, primarily for its anti-pollution properties. These strategies will likely drive investments in developing new product formulations in the coming years.
Up Market Research published a new report titled “Personal Care Specialty Ingredients Market research report which is segmented by Product (Active (Surfactant (Active Surfactant Amphoteric, Anionics, Non-Ionics, Cationics), by Antimicrobial (Antidandruff Agents, Bacteriostats, Preservative), by Emollient (Natural Oil, Emollient Ester), by Conditioning Polymer (Polyquaternium, Conditioning Protein, Silicone), by UV Absorbers (Inorganic, Organic), By Players/Companies Dow Chemical Company, Naturex, LotionCrafter, BASF, Ashland, Inolex, Clariant, Akott, Evonik”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Personal Care Specialty Ingredients Market Research Report |
By Product (Active (Surfactant | Active Surfactant Amphoteric, Anionics, Non-Ionics, Cationics |
By Antimicrobial | Antidandruff Agents, Bacteriostats, Preservative |
By Emollient | Natural Oil, Emollient Ester |
By Conditioning Polymer | Polyquaternium, Conditioning Protein, Silicone |
By UV Absorbers | Inorganic, Organic |
By Companies | Dow Chemical Company, Naturex, LotionCrafter, BASF, Ashland, Inolex, Clariant, Akott, Evonik |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 200 |
Number of Tables & Figures | 140 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Active (Surfactant (Active Surfactant Amphoteric, Anionics, Non-Ionics, Cationics), by Antimicrobial (Antidandruff Agents, Bacteriostats, Preservative), by Emollient (Natural Oil, Emollient Ester), by Conditioning Polymer (Polyquaternium, Conditioning Protein, Silicone), by UV Absorbers (Inorganic, Organic).
Personal Care Specialty Ingredients Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Personal Care Specialty Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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