Portland, OR, Sept. 07, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the personal care ingredients market was estimated to reach $10.4 billion in 2021 and is projected to reach $18.5 billion by 2031, registering a CAGR of 6.0% from 2022 to 2031. The report provides a detailed analysis of the major pockets of investment, winning strategies, drivers and opportunities, market size. & estimates, the competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.
Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$10.4 billion|
|Market size in 2031||$18.5 billion|
|Number of pages in the report||329|
|Segments Covered||Source, Application, Ingredient Type and Region.|
|Drivers||Increase in disposable income and increase in the purchasing power of the population|
|Living standard changes|
|Opportunities||Innovations in skin care products|
|Increase in health awareness|
|Constraints||Side effects associated with chemical-based personal care products|
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- Demand for color cosmetics, hair styling and sun care products has seen a sharp decline during the pandemic. With several restrictions on board, people were focusing more on working from home and avoiding recreational activities, leading to less demand for beauty products. These factors have had a negative impact on the global personal care ingredients market.
- However, on the other hand, the demand for personal care and cosmetic products such as sanitizers, soaps, sanitizers and other household cleaning chemicals has risen sharply, which has boosted the care ingredients market personnel, thus offering the sector a mixed impact.
The global personal care ingredients market is analyzed by source, application, ingredient type and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.
By source, the synthetic segment contributed approximately two-thirds of the global personal care ingredients market revenue in 2021 and is expected to dominate by 2031. The natural segment, however, would exhibit the fastest CAGR of 6.1% throughout the forecast period.
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Based on application, the skincare segment held more than a third of the total market revenue in 2021 and is expected to dominate by 2031. The toiletries segment, on the other hand, would show the highest CAGR 6.7% faster throughout the forecast. period. Other segments analyzed in the report include industrial hair care, makeup, fragrances and oral care.
Based on ingredient type, the UV absorbers segment held more than a quarter of the total market revenue in 2021 and is expected to dominate by 2031. The rheology control agents segment, on the other hand, would show the fastest CAGR of 7.3% throughout the forecast period. Other segments studied in the report include Emollients, Surfactants, Emulsifiers, Antimicrobials, Hair Fixing Polymers and Conditioning Polymers.
Based on the region, the market across North America generated almost a third of the global market revenue in 2021 and is expected to retain the lion’s share by 2031. The Asia-Pacific region, simultaneously, would manifest the Fastest CAGR 6.5% over the forecast period. Other regions studied in the report include LAMEA and Europe.
Key market players analyzed in the Global Personal Care Ingredients Market report are Croda International Plc, Clariant AG, BASF SE, Berkshire Hathaway Inc. (The Lubrizol Corporation), DOW, Inc., JM Huber Corporation, Ashland Global Holdings Inc., KCC Corporation (Momentive Performance Materials), Solvay SA and Evonik Industries AG. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.