NEW YORK, 20 October 2021 / PRNewswire / – Market Research Store Report Results “Personal Care Ingredients Market – By Function and Chemical Properties (Chelating Agents, Cream Bases, Active Ingredients, Protein Products, Lipid Layer Enhancers, Humectants, Shine Concentrates, Thickeners, Waxes, Opacifiers and Others), By Application (Skin Care) skin, oral and hair care) and by product (UV absorbers, antimicrobials, emollients, conditioning polymers, hair-fixing polymers, emulsifiers, surfactants, rheology control agents): global industry outlook, market size, business intelligence, consumer preferences, statistical surveys, comprehensive analysis, historical developments, current trends and forecasts, 2020-2026“states that the global demand for the personal care ingredients market in 2019 was approximately $ 11 billion. The market is expected to grow at a CAGR of 4.6% and is expected to reach approximately $ 14.9 billion by 2026.

Personal care ingredients are used in the manufacture of personal care products. These ingredients are generally classified into active personal care ingredients and passive personal care ingredients. Some of the active ingredients include exfoliators, UV protection agents, and conditioning agents, while the passive ingredients include colorants, surfactants, polymeric ingredients, and preservatives.

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The increase in the purchasing power of customers coupled with the changing lifestyles of people around the world is expected to drive the market in the coming years. Hygiene awareness, changing lifestyles and increasing consumer purchasing power are key factors driving the use of personal care products globally. There is a growing demand for personal care products from emerging economies such as China and India because the development of these countries has led to a change in the lifestyle of consumers as well as an increase in disposable income coupled with an increase in purchasing power. Personal care products are also channeled through e-commerce platforms and as a result, manufacturers of personal care products can leverage a larger geographic area to sell their products. This has led to an increase in sales of personal care products through e-commerce channels in recent years since the globalization of the e-commerce industry. The growing demand for personal care products has created a significant demand for personal care ingredients. In 2020, e-commerce sales are estimated to have increased by 7-8% while the growth of China and e-commerce sales in the United States were estimated at around 20%.

Based on product segmentation, emollients category dominated the segment in 2019 due to the use of emollients in daily personal care products such as shampoos, deodorants, body lotions, cleaners, etc. Emollients are incorporated into personal care products because they provide soothing properties to the skin and help retain moisture in the skin. Based on application segmentation, the skin care category held a significant share of the segment in 2019 due to the increasing use of skin care products such as body lotions, sunscreens, face creams and the like around the world.

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Europe The region dominated the global personal care ingredients market in 2019 and is expected to continue to dominate in the years to come. The domination of Europe can be attributed to the increasing demand for luxury personal care products such as hair care, makeup, skin care, oral care and others in the European market. Strong purchasing power and high standard of living of consumers Europe create a significant demand for natural and organic cosmetics. The Asia Pacific region is expected to grow at a significant rate during the forecast period due to the increasing demand for personal care products from developing countries such as China and India.

Some of the major players in the personal care ingredients market are Croda International Plc, Dow Corning, Solvay SA, BASF SE, Evonik Industries, Wacker Chemie AG, Momentive Performance Materials Inc., Clariant, Ashland Inc, and JM Huber Corporation, among others. Joint ventures and collaboration between manufacturers and distributors help to streamline the industry’s supply chain. Various manufacturers in the personal care ingredients market are focused on creating collaborations with distributors to expand their geographic reach. For example, in june 2020, BASF SE and BTC Europe have formed a partnership in which BTC Europe will be the distribution partner of BASF’s healthcare creation portfolio.

This report segments the personal care ingredients market as follows:

Global Personal Care Ingredients Market: Segmentation analysis by chemical function and properties

  • Chelating agents
  • Cream bases
  • Active ingredients
  • Protein products
  • Lipid layer enhancers
  • Humectants
  • Radiance Concentrates
  • Thickeners
  • Raincoats
  • Opacifiers
  • Others

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Global Personal Care Ingredients Market: Segmentation Analysis By Application

  • Skin care
  • Oral care
  • Hair care

Global Personal Care Ingredients Market: Product Segmentation Analysis

  • UV absorbers
  • Antimicrobials
  • Emollients
  • Polymer conditioning
  • Hair fixing polymers
  • Emulsifiers
  • Surfactants
  • Rheology control agents

Global Personal Care Ingredients Market: Regional Segmentation Analysis

  • North America
  • Europe
    • Germany
    • Great Britain
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa

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