Global Personal Care Ingredients Market is estimated to reach USD 12.7 Billion by 2024
Personal Care Ingredients Market: Summary
The Global Personal Care Ingredients Market is estimated to reach USD 12.7 Billion by 2024 at a CAGR of 5.8 %.
Personal Care Ingredients are raw materials used in the manufacturing of personal care products. They enhance the collagen production, fight inflammation, oppose glycation, free radical damage, and impart similar other properties to the application areas. Active Ingredients and Inactive Ingredients are two major types of Personal Care Ingredients. Inactive ingredients provide physical and process able properties while active ingredients impart active properties to a product that results in long term benefits upon application. The Personal Care Ingredient market is governed by an emphasis on product differentiation and value addition through increased R&D expenditure.
Personal Care Ingredients Market: Drivers & Restraints
- Growing Demand for Multifunctional Ingredients and Excipients
Multifunctional ingredients help to optimize multifunctional personal care formulations while fulfilling the need of both consumers and manufacturers. The multifunctional products consist of both active as well as specialty chemicals. The active multifunctional ingredients can provide more than one particular function at a time. For instance, the blemish balm (BB) creams offer multifunctional benefits and aligning skincare with makeup coverage. However, increasing consumer expectations with respect to product advancement have surged the demand for multifunctional personal care products. For example, two in one shampoo, body wash with moisturizer and similar other products are expected to drive the demand for multifunctional ingredients.
Hence, the growing demand for multifunctional ingredients and excipients is expected to drive the personal care ingredients market during the forecast period.
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- Growing Awareness of Men’s Grooming Products
Men nowadays are more focused on wellness, health, and style and tend to invest more in personal grooming. Companies have involved in developing a wide range of products that address a variety of men’s functional concerns. Moreover, the growth of online retail for personal care products has boosted the growth of men’s grooming where most of the young population prefer buying personal products online.
Thus, the emergence of conscious male consumers is expected to boost the market growth in male-focused grooming products during the forecast period.
- Threat of Pseudo Products
The beauty products industry is massive and involves products from teeth whitening toothpaste to expensive shampoos. However, there is a presence of established players along with the local players within this market. Products manufactured from original raw materials are expensive and are not affordable to people with lower incomes. Thus, some players forge the product which may be less costly but can hamper human health.
However, the availability of false products in the market space is one of the major factors which may hinder the growth of the product market.
Personal Care Ingredients Market: Key Segments
- On the basis of Raw Material: Emulsifiers, Surfactants, Emollients, Rheology Control Agent, Conditioning Polymer, UV Absorber, and Others
- Based on Product Type: Natural, Organic and Synthetic
- Key Segments by Application: Skin Care, Hair Care, Oral Care, Makeup, and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Personal Care Ingredients Market: Report Scope
The report on the personal care ingredients market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019–2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Raw Materials, Product Type, Application, and Region
Asia-Pacific, North America, Europe, Middle East & Africa, and South America
Key Companies Covered
- Cargill, Incorporated (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- BASF SE
- Solvay SA
- Croda International Plc
- Evonik Industries AG
- Wacker Chemie AG
- Huntsman International LLC
- Other Key Companies
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Personal Care Ingredients Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Personal Care Ingredients Market, by Raw Materials
- Conditioning Polymer
- Rheology Control Agent
- UV Absorbers
Personal Care Ingredients Market, by Product Type
Personal Care Ingredients Market, by Application
- Skin Care
- Oral Care
- Hair Care
Personal Care Ingredients Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Personal Care Ingredients Market By Raw Material, Market Size In Usd Million (2017–2024)
7 Personal Care Ingredients Market By Product Type, Market Size In Usd Million (2017–2024)
8 Personal Care Ingredients Market By Application, Market Size In Usd Million (2017–2024)
9 Personal Care Ingredients Market By Region, Market Size In Usd Million (2017–2024)
10 Competitive Landscape
11 Company Profiles
About Forencis Research
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