Chemicals For Cosmetics And Toiletries Market Research Report: By Application (Skin Care, Hair Care, Color Cosmetics, Fragrances, Oral Care), By Product Type (Surfactants, Emollients, Humectants, Thickeners, Preservatives, Fragrances, Pigments, Other), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Drug Stores, Online Retail, Specialty Stores, Beauty Salons), By Target Group (Mass Market, Prestige, Dermaceuticals), By End User (Men, Women, Unisex, Children) and By Regional (North America, Europe, South America, Asia Pacific,

Global Chemicals For Cosmetics And Toiletries Market Overview

The Chemicals For Cosmetics And Toiletries Market Size was estimated at 48.49 (USD Billion) in 2022. The Chemicals For Cosmetics And Toiletries Industry is expected to grow from 51.52(USD Billion) in 2023 to 88.86 (USD Billion) by 2032. The Chemicals For Cosmetics And Toiletries Market CAGR (growth rate) is expected to be around 6.24% during the forecast period (2024 - 2032).

Key Chemicals For Cosmetics And Toiletries Market Trends Highlighted

The Chemicals For Cosmetics And Toiletries Market has been benefitting owing to an increase in income levels and a rise in the use of beauty products. This consumer trend concerning their natural and organic tastes also positively impacts the use of plant-based and botanical chemicals in cosmetics. The growing trend of anti-aging, skin-lightening and hair care products is augmenting the growth of the market.

Increasing adoption of eco-friendly and green practices is another important trend that is defining the market. The carbon footprint of cosmetic food manufacturers is made minimal through the employing of compostable and renewable resources and the reduction of wastage and pollution. This trend towards sustainability is because of the shift of the consumer and the need to adhere to regulations.

In addition, the Chemicals For Cosmetics And Toiletries Market is also becoming interesting to innovators due to the emergence of modern biotechnology and nanotechnology. In particular, biotechnological methods are employed, which involve the delivery of bioactive substances into tissues and other tissues, such as enzymes or peptides. Further, the process of nanotechnology has made it possible to create sophisticated transmitting systems that enhance the intake and usefulness of the active agents.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Chemicals For Cosmetics And Toiletries Market Drivers

Rising Demand for Natural and Organic Cosmetics

As people become more aware of the possible health risks posed by various synthetic chemicals, they tend to switch their preferences to natural and organic cosmetics. As this tendency is supposed to continue in the future, the Chemicals For Cosmetics And Toiletries Market Industry can undergo certain positive changes. It is likely that the recent trend toward the use of natural ingredients in cosmetics will, in fact, be maintained, and manufacturers will continue producing new products that meet the demands.

Increasing Disposable Income

Another main driver of the development of the Chemicals For Cosmetics And Toiletries Market Industry is the rising disposable income in the high-growth emerging markets. As a part of the rapidly expanding economy, consumers in those areas have more money to spend and buy cosmetics and toiletries in an increasing amount. This tendency will continue in the next few years.

Growing Popularity of Online Shopping

Chemicals For Cosmetics And Toiletries Market Industry The rapid growth of the Chemicals For Cosmetics And Toiletries Market is due to the increasing popularity of online shopping. Customers are starting to buy cosmetics and supplies for personal hygiene through the Internet. It is believed that this trend will increase in the future.

Chemicals For Cosmetics And Toiletries Market Segment Insights:

Chemicals For Cosmetics And Toiletries Market Application Insights

The Application segment plays a crucial role in shaping the Chemicals For Cosmetics And Toiletries Market. In 2023, the Skin Care segment dominated the market with a revenue share of around 38.44%, owing to rising consumer awareness about skincare and the increasing popularity of natural and organic products. The segment is projected to maintain its dominance throughout the forecast period, driven by factors such as growing demand for anti-aging and anti-wrinkle products, as well as the increasing popularity of Korean skincare routines. The Hair Care segment is another significant contributor to the Chemicals For Cosmetics And Toiletries Market, accounting for a revenue share of approximately 25.21% in 2023.The segment is driven by factors such as rising demand for hair styling products, hair colorants, and hair care treatments. The increasing popularity of hair care products among men is also expected to contribute to the segment's growth in the coming years. The Color Cosmetics segment, which includes products such as lipsticks, eyeshadows, and foundations, is estimated to account for a revenue share of around 18.63% in 2023. The segment is expected to witness significant growth in the coming years, driven by factors such as the increasing popularity of makeup among both men and women, as well as the growing demand for natural and organic color cosmetics products.The Fragrances segment, which includes perfumes, colognes, and body sprays, is projected to hold a revenue share of approximately 10.37% in 2023. The segment is driven by factors such as the increasing demand for luxury fragrances, as well as the growing popularity of niche fragrances. The increasing popularity of fragrance subscription boxes is also expected to contribute to the segment's growth in the coming years. The Oral Care segment, which includes products such as toothpaste, mouthwash, and dental floss, is estimated to account for a revenue share of around 7.35% in 2023.The segment is driven by factors such as rising consumer awareness about oral hygiene, as well as the increasing demand for natural and organic oral care products. The growing popularity of electric toothbrushes is also expected to contribute to the segment's growth in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Chemicals For Cosmetics And Toiletries Market Product Type Insights

The major product types in the Chemicals For Cosmetics And Toiletries Market are Surfactants, Emollients, Humectants, Thickeners, Preservatives, Fragrances, Pigments, and Other. Surfactants held the largest market share, with around 31.5% of revenues in 2023. They are extensively used in cosmetics and toiletries as emulsifiers, wetting agents, and detergents. Emollients accounted for approximately 24.8% of the market in 2023, and trends suggest significant future growth, as consumer demand for skincare products that hydrate and nourish increases.Humectants held a market share of around 18.7% in 2023, and their use will continue to grow as they allow cosmetics and toiletries retain moisture. Thickeners constitute around 12.4% of the market, and demand is driven by the increasing interest in natural and organic cosmetics for thickening agents for water and oils. Preservatives, which held a market share of around 7.6% in 2023, allow for a longer shelf life of cosmetics and toiletries. Fragrances accounted for approximately 3.2% of the market in 2023, and this product type will continue its growth, as the demand for scented cosmetics and toiletries rises.Pigments constitute around 1.8% of the market, as they are used to provide cosmetics and toiletries with color. Finally, the market share of the Other category, which includes some of the value-added ingredients, such as vitamins, minerals, and botanical extracts, was around 0.8% in 2023.

Chemicals For Cosmetics And Toiletries Market Distribution Channel Insights

The distribution channel segment plays a crucial role in the Chemicals For Cosmetics And Toiletries Market. In 2023, the online retail channel held a significant market share due to the increasing popularity of e-commerce platforms. It is projected to maintain its dominance throughout the forecast period, driven by factors such as convenience, wider product selection, and competitive pricing. Supermarkets/Hypermarkets also account for a substantial portion of the market, offering a wide variety of cosmetics and toiletries products under one roof.Pharmacies/Drug Stores are another important distribution channel, particularly for skincare and personal care products. Specialty Stores, such as beauty supply stores and cosmetic boutiques, cater to specific customer segments with a curated selection of high-end and niche products. Beauty Salons offer a personalized experience, providing professional advice and services along with product sales. The Chemicals For Cosmetics And Toiletries Market is expected to witness significant growth in the coming years, with the distribution channel segment continuing to play a vital role in shaping market dynamics.

Chemicals For Cosmetics And Toiletries Market Target Group Insights

The target market for Chemicals For Cosmetics And Toiletries Market is segmented into mass market, prestige, and dermaceuticals. Mass market products are designed for the general public and are typically sold through drugstores and mass merchandisers. Prestige products are designed for a more affluent consumer and are typically sold through department stores and specialty retailers. Dermaceuticals are products that are designed to treat specific skin conditions and are typically sold through dermatologists and other healthcare professionals. The mass market segment is the largest segment of the Chemicals For Cosmetics And Toiletries Market, accounting for over 50% of the market revenue in 2023.This segment is expected to continue to grow at a steady pace over the next few years, driven by the increasing demand for affordable and accessible beauty products. The prestige segment is the second largest segment of the Chemicals For Cosmetics And Toiletries Market, accounting for over 30% of the market revenue in 2023. This segment is expected to grow at a slightly faster pace than the mass market segment over the next few years, driven by the increasing demand for luxury beauty products. The dermaceuticals segment is the smallest segment of the Chemicals For Cosmetics And Toiletries Market, accounting for less than 20% of the market revenue in 2023.This segment is expected to grow at a slightly faster pace than the mass market segment over the next few years, driven by the increasing demand for products that can treat specific skin conditions.

Chemicals For Cosmetics And Toiletries Market End User Insights

The Chemicals For Cosmetics And Toiletries Market was valued at USD 54.81 billion in 2023, and it is projected to reach a value of USD 93.2 billion by 2032, registering a CAGR of 6.5% during the forecast period. End-users of chemicals for cosmetics and toiletries include men, women, unisex, and children. The men's segment held the largest share of the market in 2023, accounting for 38.5% of the global revenue. This is primarily due to the increasing demand for male grooming products, such as shaving creams, beard oils, and hair styling products.The women's segment is expected to grow at the highest CAGR during the forecast period, owing to the rising awareness of skincare and makeup among women. The unisex segment is also expected to witness significant growth, as more and more consumers are opting for gender-neutral products. The children's segment is expected to grow at a steady pace, driven by the increasing demand for baby care products. Key market players are focusing on product innovation to meet the evolving needs of consumers. For instance, in 2023, L'Oréal launched a new line of skincare products specifically designed for men.The products are formulated with natural ingredients and are free from parabens and sulfates. This launch is expected to further drive growth in the men's segment of the chemicals for cosmetics and toiletries market.

Chemicals For Cosmetics And Toiletries Market Regional Insights

The regional segmentation of the Chemicals For Cosmetics And Toiletries Market provides insights into the geographical distribution of market revenue, consumption patterns, and industry growth. North America held the largest market share in 2023, accounting for nearly 35% of the global revenue. The region's well-established cosmetics and toiletries industry, coupled with high consumer spending on personal care products, contribute to its dominance. Europe follows closely behind, driven by its mature cosmetics market and stringent regulations governing the use of chemicals in cosmetics and toiletries.The Asia-Pacific region is projected to witness the fastest growth during the forecast period, owing to the rising disposable income and increasing awareness about personal care among consumers. South America and the Middle East and Africa (MEA) regions are expected to experience steady growth, supported by expanding consumer bases and urbanization.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Chemicals For Cosmetics And Toiletries Market Key Players And Competitive Insights:

Major players in the Chemicals For Cosmetics And Toiletries Market are continuously striving to develop innovative products to meet the evolving demands of consumers. The industry is characterized by intense competition, with leading Chemicals For Cosmetics And Toiletries Market players investing heavily in research and development to stay ahead of the curve. Strategic collaborations and acquisitions are also common in the Chemicals For Cosmetics And Toiletries Market industry, as companies seek to expand their product portfolios and gain access to new markets.BASF SE, one of the leading Chemicals For Cosmetics And Toiletries Market players, offers a wide range of products for the cosmetics and toiletries industry. The company's portfolio includes surfactants, polymers, emollients, and active ingredients. BASF is known for its innovative solutions and commitment to sustainability. The company has a strong global presence and serves customers in over 180 countries.Clariant AG, another major player in the Chemicals For Cosmetics And Toiletries Market, provides a diverse range of products and services to the cosmetics and toiletries industry. The company's portfolio includes specialty chemicals, pigments, and additives. Clariant is known for its expertise in color and formulation chemistry. The company has a global presence and serves customers in over 100 countries.

Key Companies in the Chemicals For Cosmetics And Toiletries Market Include:

• Merck KGaA


• Stepan Company


• Kao Corporation


• Procter Gamble


• Evonik Industries


• Croda International Plc


• Dow


• Huntsman Corporation


• Wacker Chemie AG


• Solvay


• Momentive Performance Materials Inc.


• The Chemours Company


• BASF


• LyondellBasell Industries Holdings B.V.


• Lonza

Chemicals For Cosmetics And Toiletries Market Industry Developments

The Chemicals For Cosmetics And Toiletries Market is expected to witness significant growth in the coming years. The market is driven by increasing demand for cosmetics and toiletries, particularly in emerging economies. Growing awareness about personal grooming and appearance is also contributing to the market growth.Recent developments in the market include the launch of new products by major players, such as L'Oréal's launch of its new line of eco-friendly cosmetics. Mergers and acquisitions are also taking place, such as the acquisition of Avon Products by Natura Co. These developments indicate a positive outlook for the Chemicals For Cosmetics And Toiletries Market.

Chemicals For Cosmetics And Toiletries Market Segmentation Insights

• Chemicals For Cosmetics And Toiletries Market Application Outlook
  
  
  
  • Skin Care
  
  
  • Hair Care
  
  
  • Color Cosmetics
  
  
  • Fragrances
  
  
  • Oral Care
  
  
  
  

• Chemicals For Cosmetics And Toiletries Market Product Type Outlook
  
  
  
  • Surfactants
  
  
  • Emollients
  
  
  • Humectants
  
  
  • Thickeners
  
  
  • Preservatives
  
  
  • Fragrances
  
  
  • Pigments
  
  
  • Other
  
  
  
  

• Chemicals For Cosmetics And Toiletries Market Distribution Channel Outlook
  
  
  
  • Supermarkets/Hypermarkets
  
  
  • Pharmacies/Drug Stores
  
  
  • Online Retail
  
  
  • Specialty Stores
  
  
  • Beauty Salons
  
  
  
  

• Chemicals For Cosmetics And Toiletries Market Target Group Outlook
  
  
  
  • Mass Market
  
  
  • Prestige
  
  
  • Dermaceuticals
  
  
  
  

• Chemicals For Cosmetics And Toiletries Market End User Outlook
  
  
  
  • Men
  
  
  • Women
  
  
  • Unisex
  
  
  • Children
  
  
  
  

• Chemicals For Cosmetics And Toiletries Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa