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Personal Care Ingredients Market in Latin America to register significant gains through 2024

Author : Ravi Chawat | Published Date : 2021-03-05 

LATAM is expected to offer lucrative growth opportunities to the personal care ingredient market. Strong presence of cosmetic brands in nations like Brazil and Mexico is anticipated to accelerate regional market size. While the Middle East personal care ingredients market may also witness decent growth on account of strong presence of local personal care product brands.

APAC personal care ingredients market is expected to witness prominent growth on the back of increasing demand for personal care and cosmetics products. The region is expected to exceed USD 4.4 billion by the year 2024.

Personal Care Ingredients Market trends will be propelled by surging demand for naturally derived products. The demand for natural personal care products has increased at a rapid pace over recent years. Customers are increasingly demanding for products that contain milder ingredients and that cause less damage.

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This trend is essentially being witnessed in the hair care application segment. Hair care product manufacturers are advertising their products to increase sales, which may in turn boost personal care ingredients market growth.

The demand for multifunctional care products has surged considerably over the recent years. Personal care products offer several vital benefits and have gained popularity, especially among people who follow busy work schedules.

To meet this demand, manufacturers and brands are developing products that offer one stop solution to customers personal care needs. With increasing demand for such multifunctional products that offer multiple benefits, the personal care ingredient market may record prominent growth.

By Application

1.    Skin Care

2.    Hair Care

3.    Oral Care

4.    Cosmetics

Surfactants have been the most invaluable products. Apart from the cosmetics industry, surfactants are increasingly used for emulsifying, foaming, cleansing, antimicrobial effects, among others. One of the notable attributes that makes surfactant molecules stand out is that they are compatible with both water and oil. These features are expected to enhance the demand for surfactants, fueling personal care ingredients market size.

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.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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