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: 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 %
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
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Cosmetic Ingredients Market Segment Analysis
The Cosmetic Ingredients Market can be segmented based on the following:
By Application
- Skin Care
- Make-up
- Oral care
- Hair Care
By Product Type
- Emollients
- Surfactants
- Emulsifiers
- Antimicrobials
- UV Absorbers
- Conditioning Polymers
- Rheology Modifiers
- Colorants and Preservatives
By Consumer
- Personal Care Manufacturer
- Consultants in Chemical Industries
- End-use-Industries
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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