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Middle East Cosmetic Ingredients Market Size to showcase significant growth via consumer fairness applications

Author : Ronak Bora | Published Date : 2019-07-12 

Middle East will witness high demand in cosmetic ingredients market in forecast time period due to growing consumer fairness applications to maintain their white tone. Economic development coupled with increase in per capita income and living standards will drive the regional cosmetic ingredients market share.

Europe is anticipating huge gains in cosmetic ingredients market in the forecast period. It hosts numerous big beauty brands including L’Oreal and Beiersdorf. It is even home for over 4000 companies that manufacturers personal care goods and perform strongly in terms of exports. Increasing demand for personal care goods and exports in the region will bolster product demand.

Increasing number of aged people is uplifting the cosmetic ingredients market due to shift in consumer preference for anti-aging creams and lotions. Over 8% of the global population is aged 65 or above in 2016.

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Stringent regulations over raw material usage will boost product demand. Several governments have developed substantial regulations to eliminate counterfeit personal care elements. The U.S. based FDA is responsible for checking and identifying non-brand elements and taking action against companies for supplying forged products. Growing demand for personal care goods and strict regulation will impact product demand positively.

Cosmetic ingredients market is segmented based on products into functional, aesthetics, experimental, dilutes, stabilizers, adjustment agent, production aid and claims. End users include personal care industry. Various application of element are moisturizers, conditioning agents, make ups, thickeners, colorants, mineral oils, talc, emulsifiers and botanicals.

Cosmetic Ingredients Market size is anticipated to grow rapidly owing to extensive use in personal care products around the world. It is added in personal care goods to enhance facial appearance. There are large variety of constituents used improving one’s personal appearance. Increasing in consumer spending on beautification will surge product demand in the forecast period.

Personal care industry has grown over 40% from past decade due to rising consumer awareness regarding body care and wellness. Consumption pattern in teenagers for hair and skin care goods is substantially increasing. Both the genders of the society are contributing equally in growing cosmetic ingredients market. It was estimated that 25% salon business come from men’s treatment. Large number of existing players and new entrants is making cosmetic ingredients market highly competitive.

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Key players in cosmetic ingredients market are Callahan, Dow Chemicals, Sederma Inc., Rhodia, BASF, DuPont Tate & Lyle, Clariant, Evonik Industries, Ashland and Kovic. These companies are significantly emphasizing on research and development activities to eliminate product side effects on human body. Callahan chemical expanded its research center in South East U.S. region in 2015. Motive of expansion was to widen its global footprint and to strengthen value proposition in the U.S. to gain high revenue.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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