Personal Care Chemicals and Ingredients Market size is estimated to be USD 20.5 Billion in 2024 and is expected to reach USD 30.2 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
In 2022, the global personal care ingredients market was valued at approximately USD 13.62 billion and is projected to reach USD 21.72 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.01% from 2022 to 2030. This growth is driven by increasing consumer demand for premium and multifunctional personal care products, particularly in developing economies where rising disposable incomes have led to higher expenditure on personal grooming. For instance, the Indian beauty and personal care market was valued at USD 24.53 billion in 2022 and is expected to reach USD 33.33 billion by 2027. Regionally, North America accounted for 30% of the global cosmetic and personal care ingredients market revenue in 2023, followed by Asia Pacific at 35%, Europe at 25%, and Latin America and the Middle East & Africa each at 5%. Asia Pacific emerged as the fastest growing region, driven by rapid urbanization and increasing consumer awareness of personal care products. In terms of ingredient types, active ingredients held the largest market share at approximately 60%, while metal based ingredients accounted for around 15%. Skin care products represented the largest share of the market, capturing around 40% of total revenue in 2023, followed by color cosmetics at 30%. Hair care products are projected to grow at the fastest rate during the forecast period, fueled by rising consumer interest in scalp health and premium formulations.
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BASF
Evonik Industries
Dow Corning
Solvay
Croda
Clariant
J.M. Huber
Ashland
Momentive Performance Materials
Wacker Chemie
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Personal Care Chemicals and Ingredients Market
Skin Care Ingredients
Hair Care Ingredients
Oral Care Ingredients
Fragrances and Flavors
Anti-aging Ingredients
Moisturizing Agents
Cleansing Agents
Preservatives
Emulsifiers
Thickening Agents
Skin Care
Hair Care
Oral Care
Fragrance & Deodorants
Makeup and Cosmetics
Synthetic Chemicals
Natural and Organic Ingredients
Bio-based Chemicals
Mineral-based Ingredients
Liquid
Cream & Emulsion
Gel
Powder
Solid
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Personal Care Chemicals and Ingredients Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Personal Care Chemicals and Ingredients Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Personal Care Chemicals and Ingredients Market, By Type
6. Global Personal Care Chemicals and Ingredients Market, By Application
7. Global Personal Care Chemicals and Ingredients Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Personal Care Chemicals and Ingredients Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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