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Middle East Cosmetic Ingredients Market Scenario | Size, Share, Report | Forecasts (2019-2024)

Author : Ronak Bora | Published Date : 2019-05-22 

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.

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.

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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.

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.Iranian women are amongst the largest beautification component users in the world. Changing lifestyle, rising disposable income and urge for personal beautification are factors propelling product demand. Over 25% of girls aged between 15 and 19 follow beautification techniques of international celebrities from T.V. shows Growing westernization and modern thinking will stimulate cosmetic ingredients market size in the country.

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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.

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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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