The global personal care ingredients market is expected to

Newark, NJ, August 11, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global personal care ingredients market is expected to increase from USD 10.29 billion in 2020 and reach USD 16.4 billion by 2028, with a CAGR of 6% during the forecast period 2021-2028.

The purchasing power of consumers has been increased by an increase in disposable income, as well as a change in the standard of living, which is expected to fuel the development of the personal care ingredients industry from 2020 to 2028. In addition, the Market growth is fueled by a rise in customer perception of versatile goods. The personal care industry has been impacted by the coronavirus outbreak, which has had a significant effect on the personal care ingredients market. The deterioration is mainly due to the shackles countries have put to meet social distancing standards. COVID-19 has resulted in a substantial reduction in disposable costs in the personal care industry, such as perfumes, hair coloring products, and makeup.

Personal care ingredients are the raw materials used to make skin care items all over the world. These ingredients can be used in skin care products as anti-fungal, anti-aging, skin conditioner, among others. Ingredients can also be divided into active and passive categories. Examples of active ingredients are anti-aging agents, exfoliators, conditioning agents and UV protection agents, while surfactants, preservatives, colorants and polymeric ingredients are examples of inactive ingredients. . Items that help a person maintain both their appearance and hygiene are called personal care ingredients. Personal care products include soaps, shower gels, shampoos, lotions, and creams, to name a few. Human and synthetic materials are used to create the ingredients.

The increase in the beauty product market has led to an increase in the demand for personal care ingredients. As consumers’ disposable income increased, they were able to spend more on personal care ingredients. If consumers become more aware of the benefits of maintaining personal hygiene, the demand for personal care items will increase. During the projected period, the market growth is said to be constrained by the side effects of chemical-based personal care products and strict government regulations. In contrast, innovations in skin care products, increased health awareness and increased demand for personal care products are expected to support the global personal care ingredients industry.

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The major players operating in the global personal care ingredients market are Clariant AG, Ashland Global Holdings Inc., DOW, Inc., KCC Corporation (Momentive Performance Materials), BASF SE, Berkshire Hathaway Inc. (The Lubrizol Corporation), Croda International Plc, JM Huber Corporation, Evonik Industries AG and Solvay SA Other companies in the personal care ingredients market are Huntsman International, Lonza Group, Akzo Nobel NV, Cargill, Inc., Wacker Chemie AG and others. To gain significant market share in the global personal care ingredients market, major players are now focusing on adopting strategies such as product innovations, joint ventures, recent developments, collaborations, mergers and acquisitions and partnerships. BASF SE and DOW are some of the major manufacturers operating in the personal care ingredients market.

• BASF SE and Isobionics (Netherlands) will launch Isobionics Santalol, a joint offering, in July 2020. It is produced from a sustainable resource. Sandalwood oil can be replaced with this product.
• Dow unveiled ACULYN Rheology Inhibitors, a natural beauty formulation, in February 2020. This device has a low carbon footprint and is very easy to use.

Synthetic segment dominated the market and held the largest market share of 70.9% in 2020

On the basis of source, the global personal care ingredients market is segmented into natural and synthetic products. The synthetic segment dominated the market and held the largest market share of 70.9% in 2020. This growth is attributed to the demand for skin care and other personal care products in developed countries, as well as ” increasing the purchasing power of consumers.

Surfactants The food segment dominated the market and held the largest market share of 24.5% in 2020

On the basis of ingredient type, the global personal care ingredients market is segmented into rheology, control additives, emollients, UV absorbers, surfactants, emulsifiers, antimicrobials, hair fixing polymers, and conditioning polymers. Surfactants held the highest market share of around 24.5% in 2020, and this is expected to continue throughout the forecast period. This is due to an increase in demand for anti-aging formulations from the growing middle-aged and elderly population, as well as the evolution of beauty models.

The skin care segment dominated the market and held the largest market share of 34.6% in 2020

On the basis of the application, the global personal care ingredients market is segmented into skin care, hair care, toiletries, perfume, perfume, and oral care. The skin care category accounted for about 34.6% of the personal care ingredients market share in 2020, according to the app. This is due to an increase in the market demand for skin care products such as sunscreens, body lotions, face creams, and other similar items.

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Regional Segment of Personal Care Ingredients Market

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
• Asia-Pacific (China, Japan India, Rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)

On the basis of geography, the global personal care ingredients market is categorized as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. North America is expected to be the fastest growing market due to growing demand for personal care ingredients. The industry is expected to grow at a faster rate during the forecast period due to the increased demand for personal care and personal care. During the forecast period, Europe is expected to hold the largest personal care ingredients market share in terms of volume. This is due to the use of personal care ingredients in high end cosmetics such as skin care, hair care, oral care, and makeup.

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About the report:

The global personal care ingredients market is analyzed on the basis of value (billion USD). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.

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