Emphasis on Ingredient Type (Emollients, Surfactants, Rheology Modifiers, Emulsifiers, and Conditioning Polymers); Application (Skin Care, Hair Care, Oral Care, and Make-up); and Region/Country
The global Personal Care Ingredients Market is expected to grow at a growth rate of around 5% during the forecast period. The global personal care ingredients market is growing on the changing lifestyles and increasing purchasing power of consumers in developing countries and the rapid growth of multifunctional personal care ingredients. Personal care ingredients are the raw materials for skin care products around the world. These ingredients can be used in skin care products such as anti-fungal, anti-ageing, and skin care. It can also be divided into active and inactive ingredients. Moreover, factors such as the rising demand for higher quality personal care ingredients in Europe and North America, the consumer preference toward bio-based and natural personal care ingredients, the increasing demand and production of skincare and hair care products, and the presence of a huge cosmetic industry are also influencing the growth of the personal care ingredients market. For instance, the global skin care industry is worth USD 148.3 Bn.
Some of the major players operating in the market include BASF SE, Ashland Global Specialty Chemicals Inc., Solvay SA, Dow Chemical Company, Clariant AG, Croda International plc, Evonik Industries AG, Lonza Group, Adeka Corp., and Wacker Chemie AG.
Insights Presented in the Report
“Amongst ingredient type, emollients segment to witness robust CAGR during the forecast period”
Based on ingredient type, the market is classified into emollients, surfactants, rheology modifiers, emulsifiers, and conditioning polymers. The emollients segment catered to a significant share of the personal care ingredients market in 2020. Emollients are the most widely used ingredients in the personal care market due to their wide range of applications including skin care, hair care, oral care, makeup, and toiletries. In addition, its soothing and smoothing properties, which form a protective barrier on the surface of the skin, drive its demand.
“Amongst application, the personal care ingredients segment to hold a significant share in the market in 2020”
Based on application, the market is divided into skin care, hair care, oral care, and make-up. The demand for personal care ingredients is comparatively higher in skin care applications. This segment caters to various skin-related requirements such as anti-ageing, anti-acne, and sun protection. The rising demand for skin care products, body lotion, facial creams, and others from consumers across the globe. In addition, the use of innovative ingredients has created new personal care ingredients market trends.
“Europe captured a significant share of the market in 2020”
Europe captured a prominent share of the market in 2020. This is due to the presence of a well-established healthcare infrastructure and the growing demand for personal care ingredients from various luxury products such as skin care, hair care, oral care, and makeup. In addition, the high purchasing power of consumers in the region and the growing demand for natural cosmetics with high-quality products are driving the growth of personal care ingredients in Europe. Furthermore, regulatory approvals and new product launches are also expected to drive the region’s growth in the forecast period.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Personal Care Ingredients Market Covid-19 Impact
6. Global Personal Care Ingredients Market Revenue, 2020-2028f
7. Market Insights By Ingredient Type
8. Market Insights By Application
9. Market Insights By Region
10. Online Toys And Games Retailing Market Dynamics
11. Personal Care Ingredients Market Dynamics
12. Personal Care Ingredients Market Opportunities
13. Personal Care Ingredients Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Personal Care Ingredients Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global personal care ingredients market were the three major steps undertaken to create and analyze the adoption of personal care ingredients in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global personal care ingredients market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the personal care ingredients market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the personal care ingredients market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as ingredient type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the personal care ingredients market. Further, we conducted factor analysis using dependent and independent variables such as ingredient type and application of personal care ingredients. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the personal care ingredients market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global personal care ingredients market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global personal care ingredients market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the ingredient type and application in the global personal care ingredients market.
The main objective of the Global Personal Care Ingredients Market Study
The current & future market trends of the global personal care ingredients market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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