Global Personal Care Ingredients Market Size, Trends & Growth Opportunity and By Ingredient Type (Emollients, Surfactants, Emuslifiers, Rheology Modifiers, Conditioning Polymers, and Others), By Application (Skin Care, Hair Care, Oral Care, Make-up, and Others) By Region and Forecast till 2027.

Global Personal Care Ingredients Market

The Global Personal Care Ingredients Market is expected to grow from US$ 11.83 Billion in 2021 to US$ 16.5 Billion by 2027; it is estimated to grow at a CAGR of 5.7% from 2021 to 2027.

Ingredients for personal care are the primary raw materials used in the manufacture of skincare products all over the world. As anti-fungal, skin-conditioning, anti-aging, and anti-bacterial substances, these compounds can be found in skin care products. Inactive and active components are separated out of them. In contrast to surfactants, colourants, preservatives, and polymer components, which are examples of passive compounds, active ingredients include things like anti-aging agents, conditioning agents, exfoliants, and UV-protecting agents.

Drivers: The world market is fueled by a rising population, shifting consumer lifestyles, increased awareness of wellness and beauty, and a rising trend for skincare products. Growing market demand for personal hygiene products with many functionalities and rising consumer disposable income in developing economies further contribute to the industry's expansion.

Restraints: The launch of new products is delayed or hampered by these stringent restrictions, which also increase the cost of any new product that is released to the market and increase the risk of product recalls. As a result, the introduction of new rules and modifications to existing restrictions have a negative effect on the expansion of the market.

Opportunities: When petrochemicals are used to make personal care ingredients, toxic byproducts and carbon emissions are created. As a result, numerous environmentally safe and non-hazardous components are being created. Enzymes that can produce bio-based solutions have been created as a result. A wide range of customer demands can be satisfied by bio-based products, in addition to lowering carbon footprints. The improved features include exceptional wetting and cleaning abilities as well as multipurpose capabilities.

Impact of Covid-19

The market for components in personal care products was adversely affected by the current coronavirus outbreak. The coronavirus outbreak had an effect on the personal care industry, which had an immediate impact on the market for personal care ingredients. The restrictions put in place by governments to comply with social distance requirements are the main cause of the decline. The personal care market has experienced a significant decline in discretionary spending on things like fragrances, hair styling products, and makeup as a result of COVID-19. Most customers spend their money on necessities like hand soap, body wash, and lotions. The global recession has changed consumer spending and consumption habits, which has had an effect on the many segments of the personal care industry.

Segmentation By Ingredient Type: Personal Care Ingredients Market is classified on the basis of Ingredient Type into Emollients, Surfactants, Emuslifiers, Rheology Modifiers, Conditioning Polymers, and Others. Emollients accounted for the largest revenue share of the global market for personal care ingredients, and they are anticipated to continue to dominate the market throughout the forecast period as a result of rising consumer demand for their soothing and skin-smoothing effects. Nearly all products, such as cleansers, deodorants, shampoos, antiperspirants, and others, contain them. These elements have a substantial impact on this segment's growth.

Segmentation By Application: Personal Care Ingredients Market is classified on the basis of Application into Skin Care, Hair Care, Oral Care, Make-up, and Others. Due to rising consumer demand for skin care products like sunscreen, body lotions, facial creams, and others, the skin care category had the biggest revenue share of the global market for personal care ingredients. These elements are fueling this market segment's expansion.

Segmentation By Region: Personal Care Ingredients Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the rising need for personal care ingredients such exfoliators, anti-aging agents, ultraviolet (UV) agents, antioxidants, moisturisers, and antimicrobials, the Asia Pacific market has seen an increase in the adoption of personal care products.

Competitive Landscape: The key players of Personal Care Ingredients Market are Wacker Chemie AG, Evonik Industries AG, Momentive, BASF SE, Clariant, Croda International Plc, Ashland., The Dow Chemical Company, J.M. Huber Corporation, Solvay, Galaxy Surfactants, The Lubrizol Corporation, Oxiteno, Givaudan, Huntsman International LLC, Koninklijke DSM N.V., Merck KGaA, Stepan Company, Innospec, DuPont.

Industrial Development

• SYN-GLOWTM, a brand-new tiny cosmetic peptide component, was introduced by Royal DSM in March 2020. It works with skin to expose its natural sun-kissed tone from within and has remarkable efficacy on human skin following topical treatment in a cosmetic formulation.
• An industry leader in long-term care services and supports for people with intellectual and developmental disabilities, Caregiver Inc., announced in March 2020 that it had acquired four businesses, setting a record-breaking pace for continued rapid growth and extending services in Indiana, Ohio, and Tennessee.

Market Taxonomy

By Ingredient Type

• Emollients
• Surfactants
• Emuslifiers
• Rheology Modifiers
• Conditioning Polymers
• Others

By Application

• Skin Care
• Hair Care
• Oral Care
• Make-up
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Personal Care Ingredients Market?
• What will be the growth rate from 2021 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?