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Personal Care Ingredients Market Size to rise at a whopping 5%+ CAGR to 2024

Author : Ronak Bora | Published Date : 2019-08-09 

Personal care ingredients market is certain to demonstrate a CAGR of 5.4% over 2017-2024, with a revenue estimation of more than USD 12 billion by 2024. Essentially driven by the ever-changing consumer preferences, Personal Care Ingredients Market is on its way to become one of many highly regulated industries occupying the billion-dollar fraternity. The latest trend in this business sphere is that of using bio-based ingredients as opposed to chemical ones, to combat the ill-effects of chemical-based products. This has undeniably driven manufacturers to develop products with natural ingredients, thereby creating a fierce competitive ground for personal care ingredients industry players.

With rising consciousness among the modern consumer for ingredients composition in the personal care products will likely have positive influence on the industry growth by 2024. Significant investments by manufacturers in innovating milder personal care products with natural, nutritional or medicinal ingredients such as aloe, vitamins, etc. will also propel the personal care ingredients market . The widened acceptance of performance oriented ingredients will further boost the industry growth over the forecast timeframe. For instance, traditional preservatives have been replaced with preservative boosters such as caprylyl glycol and glyceryl caprylate in the recent decade for their better emollient properties.

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Personal care ingredients market for hair care held a revenue close to USD 2 billion in 2016. Varying hair grooming patterns among male consumers, growing hair salon services penetration will boost the segment growth. Also, rising preference to professional hair care products over conventional products and growing hair problems such as hair loss, grey hair and dandruff will fuel the hair care products demand.

The Asia Pacific belt has registered itself as a fairly lucrative personal care ingredients industry, owing to the escalating demand for personal care products and cosmetics. This demand can be attributed to the changing consumer lifestyles across this region, especially in India and China. India in fact, has been projected to be one of the most opportunistic personal care ingredients market growth grounds, given a slew of drivers, including the rapid economic growth, increasing disposable incomes, and the subsequent change in living standards.

Considering the population demographics, i.e., more than 60% of India’s population is under 35 years of age, cites the World Bank, India personal care ingredients industry is sure to attain a profitable business revenue. In addition, the GDP of the country is slated to depict a y-o-y growth of more than 7%, which will impact the regional sales drastically. A leading research report has forecast India personal care ingredients market to become a billion-dollar industry by 2026. APAC personal care ingredients industry alone, has been predicted to cross USD 4.4 billion by 2024, subject to the heavy demand for skin care and hair care products.

Personal care ingredients market share is highly competitive due to presence of some gigantic industry players such as BASF SE, Evonik Industries, Croda International Plc, Akzo Nobel N.V., Dow Corning Corporation, Ashland Inc., Cargill Inc., Clariant, Eastman Chemical Company, Lonza Group Pvt. Ltd., Solvay S.A., LotionCrafter, Wacker Chemie AG, Naturex, etc.

Glimpse of Table of Content (ToC)

Chapter 4.  Personal Care Ingredients Market, By Product

4.1.  Personal care ingredients market share by product, 2016 & 2024

4.2.  Surfactants

4.2.1.    Market estimates and forecasts, 2013 - 2024

4.2.2.    Market estimates and forecasts by region, 2013 – 2024

4.3.  Conditioning polymers

4.3.1.    Market estimates and forecasts, 2013 - 2024

4.3.2.    Market estimates and forecasts by region, 2013 – 2024

4.4.  Emollients

4.4.1.    Market estimates and forecasts, 2013 - 2024

4.4.2.    Market estimates and forecasts by region, 2013 – 2024

4.5.  Rheology control agents

4.5.1.    Market estimates and forecasts, 2013 - 2024

4.5.2.    Market estimates and forecasts by region, 2013 – 2024

4.6.  Emulsifiers

4.6.1.    Market estimates and forecasts, 2013 - 2024

4.6.2.    Market estimates and forecasts by region, 2013 – 2024

4.7.  Antimicrobials

4.7.1.    Market estimates and forecasts, 2013 - 2024

4.7.2.    Market estimates and forecasts by region, 2013 – 2024

4.8.  Others (Preservatives, etc.)

4.8.1.    Market estimates and forecasts, 2013 - 2024

4.8.2.    Market estimates and forecasts by region, 2013 – 2024

Chapter 5.  Personal Care Ingredients Market, By Application

5.1.  Personal care ingredients market share by application, 2016 & 2024

5.2.  Skin care

5.2.1.    Market estimates and forecasts, 2013 - 2024

5.2.2.    Market estimates and forecasts by region, 2013 – 2024

5.3.  Hair care

5.3.1.    Market estimates and forecasts, 2013 - 2024

5.3.2.    Market estimates and forecasts by region, 2013 – 2024

5.4.  Oral care

5.4.1.    Market estimates and forecasts, 2013 - 2024

5.4.2.    Market estimates and forecasts by region, 2013 – 2024

5.5.  Cosmetics

5.5.1.    Market estimates and forecasts, 2013 - 2024

5.5.2.    Market estimates and forecasts by region, 2013 – 2024

5.6.  Others (Toiletries, fragrances, etc.)

5.6.1.    Market estimates and forecasts, 2013 - 2024

5.6.2.    Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/personal-care-ingredients-market

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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