What is Personal Care Active Ingredients Market?
The strong growth in the cosmetics and personal care market will fuel the demand for personal care and active ingredients. The trend towards premiumization of beauty products is driving growth across the personal care industry as lifestyles improve in emerging markets. The booming sales of personal care products have a direct impact on the growth of the personal care ingredient market. In addition, increased penetration of organized retail, along with advanced e-commerce platforms, is expected to drive demand for personal care ingredients. The COVID-19 pandemic has had a negative impact on the market as the demand for personal care products such as makeup, perfumes, moisturizers, and sunscreens have declined during the global lockdown. However, the increasing popularity of beauty and cosmetic products among male consumers is increasing the demand for active ingredients. The global change in consumer behavior is driving personal care companies to produce organic, herbal, and multifunctional products.
The market study is being classified by Type (Surfactants, Conditioning Polymers, Emulsifier and Others), by Application (Skin Care, Hair Care, Cosmetics and Others) and major geographies with country level break-up.
BASF (Germany), Solvay SA (Belgium), Dow Corning (United States), Croda International (United Kingdom), AkzoNobel (Netherlands), Clariant AG (Switzerland), Evonik Industries (Germany), Stepan Company (United States), Innospec Inc. (United States), Elementis Specialties (United Kingdom), Lonza Group AG (Switzerland), Kao Corporation (Japan), Lubrizol (United States), AAK Personal Care (Sweden), NAGASE & Co., Ltd. (Japan), Colonial Chemical (United States), TAWIWAN NJC Corporation, Ltd. (Taiwan), Seppic (France), DSM (Netherlands), Vantage Specialty Chemical (United States), Hydrior AG (Switzerland), Oxiteno (United States), Gattefossé (France), Jarchem (United States), Sunjin Beauty Science (South Korea), Galaxy Surfactants (India) and KLK OLEO (Malaysia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nikko Chemical (Japan), Zhejiang Zanyu (China), Tinci Materials (China), Sino Lion (United States), Hunan Resun-Auway (China), Shanghai Fine Chemical (China), Shanghai Delta Industry (China) and Guangzhou Startec (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Personal Care Active Ingredients market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Personal Care Active Ingredients market by Type, Application and Region.
On the basis of geography, the market of Personal Care Active Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Increasing Purchasing Power of Consumers in Developing Countries
- The Increasing Popularity of Beauty and Cosmetic Products among Consumers
- Increasing Awareness about Personal Care and Growing Disposable Income
- The Growing Awareness and Increasing Purchasing Power of the Consumers
- The Increasing Aging Population across the Globe
- Rising Awareness of the Importance of Hydrating, Moisturizing, and Anti-Aging Ingredients in Their Care Products
- The Shift in Consumer Behavior across the Globe towards Organic, Plant-Based and Multifunctional Products
- The Rising Trend of Gender-Neutral Products in APAC
- The Increasing Demand for Botanical Extracts
- Increasing Stringency Worldwide Regarding Harmful Effects of the Ingredients
- Growing Demand for Luxury Cosmetics and Skincare Products
- Growing Uses of Emollients, Emulsifiers, Surfactants, Thickeners, Antioxidants, Active Agents, and Antimicrobial Ingredients in Skin Care Products
- A Rise in Ecommerce Sales Enabling the Companies to Establish a Strong Online Distribution Channel
- The Changing Landscape of the Cosmetic and Beauty Industry
On January 14, 2020, BASF presented new active ingredients for skincare at Cosmet'Agora 2020 and presented its active ingredients portfolio for make-up applications. Hydagen® Aquaporin, which stimulates the formation of cellular water channels in the skin, and Hydrasensyl® Glucan moisturize the skin, leaving Inolixir ™ smooth to the touch and supports healthy skin with a dual approach of wellness and soothing sensitive skin. That is why BASF is presenting bioactive ingredients for make-up formulations.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Personal Care Active Ingredients, Suppliers and Distributors of Personal Care Active Ingredients, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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