Overview and Scope
Cosmetic ingredients refer to the substances or components used in the formulation of cosmetic products. These ingredients can be of various types, including natural, synthetic, or a combination of both. Cosmetic ingredients are carefully selected and blended to provide specific functions and benefits to the skin, hair, or nails when applied topically.
Sizing and Forecast
The cosmetic ingredients market size has grown strongly in recent years. It will grow from $30.55 billion in 2023 to $32.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to natural ingredient trends, scientific advancements, consumer awareness, regulatory changes, cultural influences.
The cosmetic ingredients market size is expected to see strong growth in the next few years. It will grow to $40.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to clean beauty movement, regenerative and healing ingredients, demand for microbiome-friendly ingredients, digital beauty solutions, tech-driven formulations. Major trends in the forecast period include upcycled ingredients, customized skincare kits, bioactive peptides, barrier repair ingredients, cbd and hemp-derived ingredients.
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Segmentation & Regional Insights
The cosmetic ingredients market covered in this report is segmented –
1) By Ingredient Type: Synthetic Chemical Ingredients, Natural/Herbal Ingredients, Specialty Ingredients, Oleochemical, Botanical Extract, Rheology Modifier, Preservatives, Emulsifier And Stabilizer, Other Ingredient Types
2) By Functionality: Cleansing Agents And Foamers, Aroma, Moisturizing, Specialty, Other Functionalities
3) By Application: Skin Care, Oral Care, Hair Care, Make-Up, Fragrance, Other Applications
Asia-Pacific was the largest region in the cosmetic ingredients market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for personal care products is expected to propel the growth of the cosmetic ingredients market going forward. Personal care products refer to a wide range of items that are commonly used for maintaining personal hygiene, enhancing beauty, and cleaning. These products are designed to support and enhance personal well-being, cleanliness, and appearance. Cosmetic ingredients are used in personal care products to provide various benefits and functionalities. These ingredients serve specific purposes and contribute to the overall performance, efficacy, and sensory experience of the products. Hence, the demand for personal care products contributes to the growth of the cosmetics ingredients market. For instance, in February 2021, according to the report by Loreal Cosmetic World, a French-based company that manufactures cosmetics and skin care products, demand for personal care products like skincare increased from more than 228 billion euros ($243.4 billion) in 2021 to 8% in 2021 and 41.8% in 2022. Also, e-commerce climbed in the beauty sector from 22.8% in 2020 to 24.5% in 2021. Therefore, the increase in demand for personal care products is driving the growth of the cosmetic ingredients market.
Key Industry Players
Major companies operating in the cosmetic ingredients market report are BASF SE, Unilever, The Dow Chemical Company, L’Oréal International, Evonik Industries AG, Solvay S.A., The Estée Lauder Companies Inc., DuPont, International Flavors & Fragrances Inc., Kao Chemicals, Eastman Chemical Company, DSM, Wacker Chemie AG, Givaudan, Lonza Group Ltd., Clariant AG, KCC Corporation, Symrise, Croda International PLC., Ashland Inc., P2 Science Inc., Spira Inc., Naturbeads Ltd., Allozymes, Ardra Bio, Firmenich, Protameen Chemicals, Lipoid Kosmetik, Ecogreen Oleochemicals, Aqia
The cosmetic ingredients market report table of contents includes:
1. Executive Summary
2. Cosmetic Ingredients Market Characteristics
3. Cosmetic Ingredients Market Trends And Strategies
4. Cosmetic Ingredients Market – Macro Economic Scenario
5. Global Cosmetic Ingredients Market Size and Growth
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32. Global Cosmetic Ingredients Market Competitive Benchmarking
33. Global Cosmetic Ingredients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cosmetic Ingredients Market
35. Cosmetic Ingredients Market Future Outlook and Potential Analysis
36. Appendix
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