Global Personal Care Ingredients Market: Overview
In last few years personal care products have become an essential part of the consumer’s life. They include shampoos, soaps, anti-ageing face creams, hair gel, sunscreen products, liquid soaps, moisturizing lotions, hair oil, and much more. Use of bio-based and natural ingredients in the personal care products is mostly preferred rather than using synthetic chemicals. Various organizations have started using only natural ingredients in their personal care products owing to the growing awareness among the consumers.
Global Personal Care Ingredients Market: Growth Factors
Huge investments in the R&D activities are being made in order to create new innovations in the personal care ingredients which are driving the global personal care ingredients market growth. Increasing consumer income levels in the developing countries and higher demand for personal care products drives the global personal care ingredients market growth. Rising aging population and rising consumer inclination towards beautification in the young and aged people is fuelling the global market growth. Growing demand for anti-aging products and addition of multiple compatible ingredients in the same product propel the personal care ingredients market growth in future. However, side effects of personal care ingredients, time-consuming results, and uncertainties on product efficiency hampers the global personal care ingredients market growth.
Global Personal Care Ingredients Market: Segmentation
The global personal care ingredients market is segmented into chemical function and properties, application, product, and regions. The chemical function and properties segment are categorized into chelating agents, cream bases, active ingredients, protein products, lipid layer enhancers, humectants, shine concentrates, thickeners, waxes, opacifiers, and others. Based on the application, the global market is divided into skin care, oral care, and hair care. The skin care segment includes specialized skin care, skin whitening, and male grooming. The oral care segment consists of mouthwash, whitening, and toothpaste. Moreover, hair care includes natural extract, hair color range, and shampoos. Furthermore, the product segment of the global personal care ingredients market is bifurcated into UV absorbers, antimicrobials, emollients, conditioning polymers, hair fixative polymers, emulsifiers, surfactants, and rheology control agents. Moreover, increasing usage of the natural and green ingredient in the manufacturing of personal care products is anticipated to contribute to the market growth in future.
Global Personal Care Ingredients Market: Regional Analysis
Asia-Pacific is the dominating region in the global personal care ingredients market owing to the factor that it is the highest consumer of these ingredients. Rising disposal income and increased spending power of consumer positively impact the global personal care ingredients market. Europe and North America follows the same trend; increasing consumer inclination towards beautifying products drives the market in these regions. Changing outlook of the people for looking young and charming in the Western countries is fueling the demand of global personal care ingredient market.
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Global Personal Care Ingredients Market: Competitive Players
The key players operating in the global personal care ingredients market are Wacker Chemie AG, Evonik Industries, Momentive Performance Materials Inc., BASF SE, Clariant, Croda International Plc, Ashland Inc, Dow Corning, J.M. Huber Corporation, and Solvay S.A.