This Cosmetic Ingredients Market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Cosmetic Ingredients Market.
Cosmetics ingredients are synthetic chemicals used in variety of cosmetics and beauty products. Traditionally, these ingredients have witnessed a steady demand, however, of late, evolving consumer preference toward herbal and organic, has changed the status quo.
Cosmetic ingredient suppliers are closely working with leading brands to meet the changing expectations of consumers. Further, as a result of various regulations, ingredient suppliers are at increased scrutiny to comply with local and international regulations.
Globalization, and with advent of information technology, people across the globe are aware of different beauty products which are available online with authentic reviews. Digitalization of marketing made the delivery of these product simple and cost effective which helps consumer to choose the right cosmetics
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Cosmetic Ingredients Market: Key Drivers & Restraints
Increasing purchasing power of consumer and rapid change in lifestyle are the driving force behind the success of the cosmetic ingredient market. Besides that, the blooming glamour industry of modelling and cinema are prime consumer of cosmetic industry which accounts for more than 35 % of market share.
Since, the core ingredients are not natural in cosmetic products, it creates a sense of unnatural way of maintaining your appearance, and people are more inclined toward natural, eco-friendly products which cannot be cost effective. Furthermore, side-effects and allergies are major concern among the consumer.
Cosmetic Ingredients Market: Region-wise Analysis
The market has been segmented into Europe, Asia pacific, North America, Latin America and rest of the world. Europe and North America are leading the cosmetic ingredient market. APAC and Latin America are the emerging markets for cosmetics. In Asia-pacific, India and China are the most lucrative market. Dynamic lifestyle of youngsters and more inclination toward skin care coupled with rapid urbanization is expected to generate a huge demand in cosmetic ingredient market.
The powerful global cosmetics market is mainly driven by strong consumption of potential demand. As per Loreal annual report of 2019 the global market of cosmetic is more the 220 billion euros and a growth rate of 5.5 %
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Cosmetic Ingredients Market: Competitive Landscape
- Croda International plc. (U.K.)
- BASF SE (Germany)
- Ashland Global Inc. (U.S.)
- Evonik Industries AG (Germany)
- Akzo Nobel N.V. (Netherlands)
- Clariant AG (Switzerland)
- The Dow Chemical Company (U.S.)
- Wacker Chemie AG (Germany)
- Lonza Group Ltd. (Switzerland)
- Solvay SA (Belgium).
Increasing number of collaboration and acquisition are indicative of the fact that market is expected to register maximum average growth. As per Loreal 2019 report the cosmetic market is projected to reach USD 430 billion by 2026
In July 2019, Givaudan acquired Munich based fragrance house Drom. The move was aimed to strengthen the leadership in global fragrance market.
In august, same year, the company UK speciality manufacture Fragrance Oils. The latter is specialised in perfumery and essence. This move was aimed to strengthen position in Africa and South East Asia
Cosmetic Ingredients Market Segment Analysis
The Cosmetic Ingredients Market can be segmented based on the following:
- Skin Care
- Oral care
- Hair Care
By Product Type
- UV Absorbers
- Conditioning Polymers
- Rheology Modifiers
- Colorants and Preservatives
- Personal Care Manufacturer
- Consultants in Chemical Industries
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