Global Personal Care Ingredients Market Size, Share, and Trends Analysis Report, By Ingredient Type (Rheology Control Agents, Emollients, UV Absorbers, Surfactants, Emulsifiers, and Others), By Application (Skin Care, Hair Care, Toiletries, Makeup, Fragrances, and Oral Care), By Source (Natural Ingredients and Synthetic Ingredients), Forecast Period (2022-2028)

The global personal care ingredients market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Consumers’ changing lifestyles and increased spending power in developing nations, as well as significant growth in multifunctional personal care ingredients, are propelling the personal care ingredients market forward. In Europe and North America, there is a growing desire for higher-quality personal care ingredients, which drives demand for personal care ingredients. The inclination of consumers for bio-based and natural personal care products is a growth potential for personal care ingredient market players.

Some of the primary drivers of the personal care ingredients market are increasing urbanization, an increase in the number of working women, changing lifestyles, and increased awareness of cleanliness and skin care. The increased awareness of personal cleanliness and health has fueled the need for personal care products. This shift has resulted in more skincare and hair care products being manufactured, driving up demand for personal care chemicals.

Consumer lifestyles are changing dramatically in most developing countries, particularly in China, Brazil, and India. Increased income and purchasing power are fueling the growth. In these countries, these factors have increased the demand for personal care chemicals. The public’s knowledge of hygiene, beauty, and health has continuously grown. Environmentally hazardous by-products and carbon emissions are produced when personal care ingredients are made from petrochemicals. As a result, several non-hazardous and environmentally favorable compounds are being developed.

Bio-based goods can be designed to fulfill a wide range of customer requests in addition to reducing carbon footprints. Outstanding cleaning and wetting properties, as well as multipurpose capabilities, are among the increased properties. Growing consumer awareness of biodegradable products has led to the creation of novel products, which are projected to drive market growth.

Some major players in the market include Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant International Ltd., Dow Inc., Evonik Industries AG, and J.M. HUBER CORP., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Clariant International Ltd. offers Plantasens Abyssinian Oil. It is a one-of-a-kind oil obtained from the Abyssinia plant, which is endemic to the sun-drenched, windy open African Highlands and the South American Caatinga, two of the globe’s sunniest locations. A cold-pressed natural emollient with outstanding heat stability and oxidation resistance, as well as a wonderful cushiony feel. Its particular makeup, which is high in omegas 6 and 9 as well as long-chain triglycerides, nourishes and hydrates the skin.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Ingredient Type
  • By Application
  • By Source
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant International Ltd., Dow Inc., Evonik Industries AG, and J.M. HUBER CORP., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Personal Care Ingredients Market Report by Segment

By Ingredient Type

• Rheology Control Agents
• Emollients
• UV Absorbers
• Surfactants
• Emulsifiers
• Others

By Application

• Skin Care
• Hair Care
• Toiletries
• Makeup
• Fragrances
• Oral Care

By Source

• Natural Ingredients
• Synthetic Ingredients