PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463088
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463088
The global natural personal care ingredients market size is expected to reach USD 16.96 billion by 2032, according to a new study by Polaris Market Research. The report "Natural Personal Care Ingredients Market Share, Size, Trends, Industry Analysis Report, By Ingredient Type (Biosurfactants, Emollients, Natural Preservatives, Sugar Polymers, And Others); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Natural personal care ingredients are the foundational chemicals utilized in the manufacturing of skincare products worldwide. These versatile substances are integral components of skincare formulations, serving various purposes such as antifungal, anti-aging, and skin conditioning agents, among others. They can be further categorized into active and inactive components, each playing a distinct role in enhancing the efficacy and appeal of skincare products.
The personal care sector is currently undergoing a transformative revolution driven by evolving consumer perceptions and preferences. Consumers are increasingly curious about product ingredients, composition, and associated benefits, due to heightened awareness regarding potentially harmful chemicals present in traditional personal care products. This awareness has catalyzed the rise of the natural personal care ingredients market as consumers seek safer and more environmentally friendly alternatives.
Furthermore, consumers' growing concern for environmental sustainability has propelled the concept of zero waste to the forefront of the personal care industry. Companies within this sector are actively developing innovative approaches to minimize waste and promote sustainability, particularly focusing on eco-friendly packaging solutions. Consumers are increasingly demanding reusable, recyclable, and compact packaging for personal care items, driving the industry towards more sustainable practices.
In addition to environmental considerations, customers are also becoming increasingly sensitive to animal welfare issues, due to a growing trend of avoiding personal care products that involve animal testing. This shift in consumer behavior has had a significant impact on shopping patterns, further driving the demand for cruelty-free and vegan-friendly personal care products. Natural personal care products are also experiencing a surge in popularity, driven by a growing number of health-conscious consumers seeking natural alternatives. The preference for Natural ingredients reflects consumers' desire for products that are free from synthetic chemicals and potentially harmful additives, aligning with their overall wellness goals.
Overall, the personal care industry is witnessing profound shifts driven by consumer demand for transparency, sustainability, and ethical considerations. As companies continue to innovate and adapt to these evolving preferences, the market for natural, Natural, and environmentally friendly beauty and personal care products is expected to continue its growth trajectory.
In 2023, the natural preservatives segment accounted for the largest share of the natural personal care ingredients market. These ingredients offer antimicrobial and antioxidant properties that help to prevent microbial growth, oxidation, and spoilage, thereby prolonging the shelf life of personal care products without the use of synthetic chemicals.
The skin care segment is expected to grow at the fastest CAGR during the forecast period. The skincare segment encompasses a wide range of products, including cleansers, moisturizers, serums, masks, and sunscreens, catering to diverse skincare needs and concerns. This diversity in product offerings allows for greater innovation and customization, with manufacturers developing targeted skincare formulations using natural ingredients to address specific skin issues such as aging, acne, sensitivity, and dryness.
In 2023, North America dominated the largest market due to a large number of key players in the personal care industry, including manufacturers, suppliers, and retailers, who are actively investing in research and development to innovate and expand their portfolios of natural personal care products.
Asia Pacific is expected to grow at the fastest CAGR in the natural personal care ingredients market. The beauty and personal care industry in the Asia Pacific region is experiencing robust growth, driven by factors such as increasing consumer awareness, expanding retail channels, and the influence of social media and celebrity endorsements.
The global key market players Ashland, BASF SE, Cargill, Ciranda, Inc, Croda International Plc, Earth Supplied Products, LLC, Evonik Industries AG, and more.
Polaris Market Research has segmented the natural personal care ingredients market report based on ingredient type, application, and region.