Personal Care Ingredients Market Size By Product (Surfactants, Conditioning Polymers, Emollients, Rheology Control Agents, Emulsifiers, Antimicrobials), By Application (Skin Care, Hair Care, Oral Care, Cosmetics) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Jun 2017  |  Report ID: GMI1753  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 140   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Personal Care Ingredients Market size was over USD 8 billion in 2016 and is anticipated to witness growth at a CAGR of 5.4% over the forecast timeframe.
 

U.S. Personal Care Ingredients Market

Get more details on this report - Request Free Sample PDF
 

 

Personal care ingredients market growth is propelled by its increased demand in cosmetic industry. The exponential rise in population is expected to boost the product market between 2017 and 2024. The rising per capita income of the people has led to an increased purchasing power, which has led to the growth of the personal care ingredients market.
 

There has been a drastic change in the living standards of people. The rising awareness about the chemicals and other ingredients used in the products will leave a positive impact on the product market. The increased focus of the geriatric population on anti-aging products will drive the personal care ingredients market. The growing awareness about synthetic chemicals will continue to boost the natural personal care industry.
 

Formulators are constantly innovating specialty ingredients to use in the composition of personal care products, which has noticeably improved the performance of the products. The growing acceptance of performance oriented ingredients will drive this promising sector. For instance, preservative boosters such as glyceryl caprylate and caprylyl glycol are being extensively used in place of traditional preservatives, as they impart emollient properties to the formulations.
 

Regulations play a crucial role in shaping the future of the personal care ingredients market. The U.S. and European Union have implemented certain regulations on the use of personal care ingredients to ensure the safety standards. This will adversely affect the product market. Authorities concerned with personal care industry have banned many ingredients in Europe.
 

Personal Care Ingredients Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 8 Billion (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Forecast Period 2017 to 2024 CAGR: 5.4% 2024 Value Projection: 12 Billion (USD)
Pages: 140 Tables, Charts & Figures: 166
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC
Segments covered: Product, Application and Region
Companies covered (12): Evonik Industries, BASF SE, Akzo Nobel N.V., Croda International Plc, Dow Corning Corporation, Wacker Chemie AG, Ashland Inc., Clariant, Lonza Group Pvt. Ltd., Cargill Inc., Eastman Chemical Company, Solvay S.A.
Growth Drivers:
  • Increased demand for cosmetics
  • Adoption of multifunctional personal care products
Pitfalls & Challenges:
  • Compliance with stringent government regulations
  • Side effects of personal care ingredients

Request 15% Free Customization on this Report
 

Personal Care Ingredients Market, By Product

The personal care ingredients can be segmented into several products such as surfactants, emollients, emulsifiers, conditioning polymers, rheology control agents, antimicrobials and other ingredients such as colorants, preservatives, solvents, etc. In terms of revenue, conditioning polymers segment is estimated to grow at a fast pace with a CAGR of 6%. They are mostly used in hair care products to provide a smooth hair texture. Emollients are anticipated to grow at a high rate, owing to their usage in almost every product such as deodorants, cleansers, shampoos, antiperspirants, etc. They provide smoothing and soothing properties to the skin.
 

Emulsifiers are widely used in creams and lotions to form a homogeneous mixture of oil and water. In terms of revenue, antimicrobials held a market value of USD 2.2 billion in 2016 and the segment is expected to grow at a robust pace. They inhibit the growth of microorganisms such as viruses, bacteria and fungi. Rheology control agents such as organo-clay and cross-linked acrylic polymers are used to maintain the consistency in personal care products. Surfactants are used in skin care and hair care applications. They can be artificially synthesized as well as naturally derived.
 

Personal Care Ingredients Market, By Application

The product finds application in various segments such as hair care, skin care, oral care, cosmetics and others. Skin care segment is expected to witness the highest growth over the forecast period. This segment was valued at USD 2.7 billion on 2016 and is expected to grow at a robust rate. Skin care products include products include lotions, creams, moisturizers, sprays, baby care products, etc.
 

In hair care sector, the consumer preference has shifted to water-based products due to ease of use and minimal hair damage. This trend has motivated the manufacturers to develop mild ingredients. Hair care products include hair oils, shampoos, hair masks, conditioners, hair serums, hair straighteners, hair sprays, etc. Active ingredient delivery systems have been popularized in cosmetic industry which will considerably boost the personal care ingredients market. Oral care products maintain oral hygiene and are used as breath fresheners. Products which lie under this category are toothpaste, mouthwash, etc.
 

Personal Care Ingredients Market, By Region

The personal care ingredients market in Asia Pacific is estimated to display healthy growth in the forecast timeframe, owing to the increased demand for personal care products. The developing nations such as China and India have witnessed an enormous demand for personal care products over the past few years. The cosmetic industry in North America will register a significant growth in future, due to the high consumption of premium make-up products. The cosmetics segment held recorded a market value of USD 0.3 billion in 2016. Hair care and cosmetics segments are likely to grow at the same pace in Brazil. Potentially harmful ingredients such as parabens will witness a decline in consumption in the U.S. due to the strict regulations of government authorities.
 

Competitive Market Share

The personal care ingredients market is relatively fragmented with major companies holding around 45% of the total market share. The product industry has a presence of many small and medium scale manufacturers such as LotionCrafter, Naturex, etc. The prominent industry players in the personal care ingredients market are Evonik Industries, BASF SE, Akzo Nobel N.V., Croda International Plc, Dow Corning Corporation, Wacker Chemie AG, Ashland Inc., Clariant and Lonza Group Pvt. Ltd. Other companies include Cargill Inc., Eastman Chemical Company, Solvay S.A., etc. Most of the manufacturers have shifted from petrochemical derivatives to organic materials to meet production sustainability.
 

Industry Background  

The urge to look young among the aging population has fueled the demand for personal care ingredients. Huge investments in technology and research has led to the development of new chemicals and ingredients for personal care products. The ingredients provide performance characteristics such as thickening, smoothness, conditioning, foaming, etc. Increased use of dermatological products such as shampoos, sunscreen lotions and gels, creams, etc. have ramped up the personal care ingredients market.
 


Buy NowImmediate delivery available

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

GMIPulse Subscription Trial

Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.

Start Your Free Trial

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X