Cosmetic & Personal Care Ingredients Market to Grow with Influence from Increase in Market Competition

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Cosmetic & Personal Care Ingredients Market.

Overview:

Cosmetic & personal care ingredients denote the raw materials used for the production of cosmetic & personal care products. These products are often derived from either chemical or natural sources and then blended to enrich the product quality before they finally hit the market. The global cosmetic & personal care ingredients market is expecting a swift growth during the forecast period (2021-2028). Market Research Future (MRFR) comments favorably about the market and its growth during the forecast period is quite achievable.

The industry is getting driven by innovation and market competition. Several new products are getting launched, which is a good sign for the market. Also, men are showing keen interest in the products, which has spurred the number of takers of such products. On the other hand, government restrictions are transforming the dynamics of the market, along with the growing demand for the organic products. Organic products are getting huge traction as they are way more safe than the chemically-produced one.

Segmentation:

MRFR’s adeptly-handled report on the global cosmetic & personal care ingredients market has a firm foundation in a proper segmentation. This segmentation includes ingredients, type and end-user. This segmentation has been backed by proper volume-wise and value-wise data for a better understanding of the global market.

Based on the type, the global cosmetic & personal care ingredients market can be segmented into isopropyls, tocopherol, sodium lauryl sulphate, dimethicone, titanium dioxide, parabens, sodium laureth sulphate, benzones, formaldehyde, glycerols, and others.

Based on ingredients, the global cosmetic & personal care ingredients market includes emollients, emulsifiers, surfactants, rheology modifiers, antioxidant, and others. The antioxidants segment has expressed a strong growth and is expected to retain that during the forecast period.

Based on the end-use, the cosmetic & personal care ingredients market comprises bath & shower, skincare, hair care, fragrance, color cosmetics, and others. The haircare segment is gaining substantial traction due to the growing interest shown by men, which has notably propelled the production. 

Regional Analysis

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Region-specific take on the global cosmetic & personal care ingredients market has in-depth study of regions namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA). This segmentation has a better insight regarding the promotional capacity of various regions and could be beneficial for market titans in their attempt to increase profit margin.

North America is expected to gain substantially from the market due to high disposable income. The market is also ensuring funds for research and development sector to ensure launching of new products. The competition among players is quite ripe, which leads to enormous expansion prospect. On the other hand, presence of Hollywood, Las Vegas, and a fashion Capital like New York are influencing the common psyche quite laudably. These are bound to influence intake capacity of consumers.

Europe is quite known for such cosmetic & personal care ingredients market. The region has several places like Marseille, Athens, and others that are known for extraordinary cosmetic & personal care ingredients. High investment capacity and better R& D facilities are also expected to boost the regional market. At the same time, Milan, Paris, and London, as global fashion capitals, are expected to influence regional market.

The APAC market is growing rapidly and it is happening mostly due to the presence of China and India. These two countries are consuming more than any other countries in the region. On the other hand, South Korea, Japan, Cambodia, and others have made substantial name for several cosmetics & personal care ingredients products.

Competitive Landscape:

Several companies in the global cosmetic & personal care ingredients market are showing keen interest in cementing their own market stance by providing ample scope for the market to expand. These companies are Dongming Jujin Chemical Co., Ltd., Artec Chemical Company Limited, Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), SABIC, Ittihad International Chemicals Trading LLC (IICT), Chemanol, and DOGOIDE Group among others. MRFR listed these companies in their review to have a comprehensive understanding of trends.

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  In August 2019, Cargill Beauty announced about a teaming up with Univar in Latin America to develop naturally-resourced, label-friendly, and sustainable ingredients.

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