Global Cosmetic Ingredients Market Research 2024, Forecast To 2033
8 Mar, 2024
The cosmetic ingredients market has shown strong growth, increasing from $30.55 billion in 2023 to $32.27 billion in 2024, with a compound annual growth rate (CAGR) of 5.6%. This growth is driven by factors such as the demand for natural ingredients and advancements in scientific research. Looking ahead, the market is expected to continue its upward trajectory, reaching $40.81 billion by 2028, growing at a CAGR of 6.0%. This growth is attributed to trends such as the clean beauty movement and the rising demand for regenerative and microbiome-friendly ingredients. Major trends in the forecast period include the adoption of upcycled ingredients, customized skincare kits, and the integration of bioactive peptides and CBD/hemp-derived ingredients.
Global Cosmetic Ingredients Market Key Driver
The increase in demand for personal care products, reflected in statistics on skincare sales and e-commerce growth, is driving the growth of the cosmetic ingredients market. As consumers increasingly prioritize personal grooming and hygiene, the demand for cosmetic ingredients to formulate innovative products is rising. With skincare sales witnessing significant growth and e-commerce becoming a dominant channel for beauty products, the cosmetic ingredients market is poised for substantial expansion to cater to evolving consumer preferences.
Get A Free Sample Of The Global Cosmetic Ingredients Market ReportGlobal Cosmetic Ingredients Market Segments
The cosmetic ingredients market covered in this report is segmented –
1) Ingredient Type:Synthetic Chemical Ingredients, Natural/Herbal Ingredients, Specialty Ingredients, Oleochemical, Botanical Extract, Rheology Modifier, Preservatives, Emulsifier And Stabilizer, Other Ingredient Types
2) Functionality:Cleansing Agents And Foamers, Aroma, Moisturizing, Specialty, Other Functionalities
3) Application:Skin Care, Oral Care, Hair Care, Make-Up, Fragrance, Other Applications
By Geography: The countries covered in the cosmetic ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Cosmetic Ingredients Industry Players
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
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Cosmetic Ingredients Market Overview
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.