Personal Care Ingredients Market - Global Personal Care Ingredients Industry Analysis, Size, Share, Growth, Trends and Forecast 2023-2030 - (By Type Coverage, By Application Coverage Coverage, By Geographic Coverage and By Company)

Description

Market Overview

Personal Care Ingredients Market Size to Reach US$16.2 Bn by 2030, Up from US$12.1 Bn in 2022 Market Revenue Anticipated to Expand at a CAGR of 4.30% Between 2023 and 2030.

The personal care ingredients market is witnessing significant growth, driven by increasing consumer awareness regarding personal grooming and hygiene. The demand for natural and organic ingredients has surged, with consumers seeking safer and eco-friendly alternatives. Emollients, surfactants, and conditioning polymers are in high demand due to their diverse applications in skincare and haircare products. Additionally, technological advancements and innovative formulations are shaping the market, creating a competitive landscape.

Key Market Drivers

1. Consumer Demand for Natural and Organic Products: Growing awareness about the harmful effects of synthetic chemicals has led consumers to prefer products formulated with natural ingredients. This demand has pushed cosmetic companies to innovate, incorporating botanical extracts, essential oils, and organic compounds into their formulations, satisfying consumer preferences for safer products and fueling market growth.

2. Technological Advancements and Product Innovation: Continuous research and development have led to the discovery of novel ingredients with unique properties. For instance, the development of microencapsulation technology enables the controlled release of active ingredients, enhancing the efficacy of skincare products. Innovations in biotechnology have also paved the way for bio-based ingredients, reducing the industry's environmental footprint.

3. Changing Consumer Lifestyles and Preferences: Urbanization, increased disposable income, and social media exposure significantly impact the personal care ingredients market. As consumers become more health-conscious and appearance-focused, the demand for premium skincare and haircare products rises. This diversity drives the need for a wide array of specialized ingredients, stimulating innovation in the industry.

Market Challenges

1. Regulatory Challenges and Compliance Issues: The stringent regulatory environment presents a significant challenge. Regulatory bodies worldwide continuously update and enforce guidelines regarding the safety and efficacy of cosmetic ingredients. Compliance with these regulations often requires extensive testing and documentation, increasing the time and cost involved in bringing new products to market.

2. Supply Chain Disruptions and Raw Material Costs: Supply chain disruptions and fluctuating raw material costs present challenges. Natural ingredients are especially susceptible to supply chain disturbances due to factors like climate change, natural disasters, or geopolitical tensions. These disruptions can lead to shortages, affecting production schedules and product availability.

Emerging Trends and Opportunities

1. Sustainability and Natural Ingredients: Consumers' growing eco-consciousness fuels the demand for sustainable and natural personal care ingredients. Brands are increasingly sourcing organic and plant-based materials, promoting transparency, and adopting eco-friendly packaging. This trend is global, with companies in Europe and North America leading the way.

2. Advanced Biotechnological Innovations: Biotechnological advancements, including fermentation and synthetic biology, are revolutionizing ingredient production. These innovations enable the creation of novel compounds mimicking natural ingredients' benefits. Companies are investing in research and partnerships to develop bioengineered ingredients with enhanced properties.

3. Customization and Personalization: Personalized beauty solutions are gaining traction, with brands tailoring products to individual consumers. Technology-driven tools, such as AI and machine learning algorithms, analyze skin types and preferences, allowing brands to create bespoke formulations. This trend is prominent in North America and Asia Pacific, fostering customer loyalty and brand differentiation.

Regional Market Leaders

Asia Pacific: Asia Pacific remains the dominant region in the global personal care ingredients market, commanding a significant market share of around 45%. This dominance is attributed to the region's booming population, rising disposable incomes, and urbanization, which have elevated the demand for premium personal care products. Additionally, Asia Pacific is a hub for innovation and research in the cosmetics and personal care industry, with local and multinational companies pioneering novel ingredients and formulations.

North America: North America is the fastest-growing region in the personal care ingredients market, with a projected market share of approximately 30%. The region's growth is driven by continuous product innovations, a strong focus on natural and organic ingredients, and the increasing demand for premium personal care products. The presence of well-established cosmetic and personal care companies fosters a culture of innovation, leading to the introduction of cutting-edge ingredients and formulations.

Competitive Analysis

BASF SE
The Dow Chemical Company
Solvay
Evonik Industries AG
Clariant AG
Nouryon
Croda International Plc
Lubrizol Corporation
Adeka Corporation
Air Liquide
Corbion N.V.
Eastman Chemical Company
Elementis Plc
Dupont
Innospec Inc.

Global 3D Personal Care Ingredients Market is Segmented as:

By Type:

Emollients
Surfactants
Rheology Modifiers
Emulsifiers
Conditioning Polymers

By Application:

Skincare
Haircare
Others

By Geographic Coverage:

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of the Middle East & Africa

1. Executive Summary

1.1. Global Personal Care Ingredients Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value/Volume, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Personal Care Ingredients Market Outlook, 2018 - 2030

3.1. Global Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Emollients
  - 3.1.1.2. Surfactants
  - 3.1.1.3. Rheology Modifiers
  - 3.1.1.4. Emulsifiers
  - 3.1.1.5. Conditioning Polymers
3.2. Global Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Skincare
  - 3.2.1.2. Haircare
  - 3.2.1.3. Others
3.3. Global Personal Care Ingredients Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Personal Care Ingredients Market Outlook, 2018 - 2030

4.1. North America Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Emollients
  - 4.1.1.2. Surfactants
  - 4.1.1.3. Rheology Modifiers
  - 4.1.1.4. Emulsifiers
  - 4.1.1.5. Conditioning Polymers
4.2. North America Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Skincare
  - 4.2.1.2. Haircare
  - 4.2.1.3. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Personal Care Ingredients Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 4.3.1.2. U.S. Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 4.3.1.3. Canada Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 4.3.1.4. Canada Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Personal Care Ingredients Market Outlook, 2018 - 2030

5.1. Europe Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Emollients
  - 5.1.1.2. Surfactants
  - 5.1.1.3. Rheology Modifiers
  - 5.1.1.4. Emulsifiers
  - 5.1.1.5. Conditioning Polymers
5.2. Europe Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Skincare
  - 5.2.1.2. Haircare
  - 5.2.1.3. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Personal Care Ingredients Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.2. Germany Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.3. U.K. Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.4. U.K. Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.5. France Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.6. France Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.7. Italy Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.8. Italy Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.9. Turkey Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.10. Turkey Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.11. Russia Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.12. Russia Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Personal Care Ingredients Market Outlook, 2018 - 2030

6.1. Asia Pacific Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Emollients
  - 6.1.1.2. Surfactants
  - 6.1.1.3. Rheology Modifiers
  - 6.1.1.4. Emulsifiers
  - 6.1.1.5. Conditioning Polymers
6.2. Asia Pacific Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Skincare
  - 6.2.1.2. Haircare
  - 6.2.1.3. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Personal Care Ingredients Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.2. China Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.3. Japan Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.4. Japan Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.5. South Korea Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.6. South Korea Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.7. India Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.8. India Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Personal Care Ingredients Market Outlook, 2018 - 2030

7.1. Latin America Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Emollients
  - 7.1.1.2. Surfactants
  - 7.1.1.3. Rheology Modifiers
  - 7.1.1.4. Emulsifiers
  - 7.1.1.5. Conditioning Polymers
7.2. Latin America Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Skincare
  - 7.2.1.2. Haircare
  - 7.2.1.3. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Personal Care Ingredients Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.2. Brazil Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.3. Mexico Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.4. Mexico Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.5. Argentina Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.6. Argentina Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Personal Care Ingredients Market Outlook, 2018 - 2030

8.1. Middle East & Africa Personal Care Ingredients Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Emollients
  - 8.1.1.2. Surfactants
  - 8.1.1.3. Rheology Modifiers
  - 8.1.1.4. Emulsifiers
  - 8.1.1.5. Conditioning Polymers
8.2. Middle East & Africa Personal Care Ingredients Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Skincare
  - 8.2.1.2. Haircare
  - 8.2.1.3. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Personal Care Ingredients Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.2. GCC Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.3. South Africa Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.4. South Africa Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.5. Egypt Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.6. Egypt Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.7. Nigeria Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.8. Nigeria Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Personal Care Ingredients Market by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Personal Care Ingredients Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs Application Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. BASF SE
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. The Dow Chemical Company
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Solvay
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Evonik Industries AG
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Clariant AG
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Nouryon
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Croda International Plc
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Lubrizol Corporation
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Business Strategies and Development
- 9.4.9. Adeka Corporation
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Air Liquide
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Corbion N.V.
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Eastman Chemical Company
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Elementis Plc
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Dupont
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. Innospec Inc.
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations