The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Cosmetic Ingredients Global Market Report 2023, the cosmetic ingredients market is expected to show significant growth in the forecast period.

Key insights from the cosmetic ingredients market forecast include:

1. Market Size

According to the Global Cosmetic Ingredients Market Report, the market is projected to increase from $29.01 billion in 2022 to $30.55 billion in 2023, with a 5.31% CAGR. The market size is anticipated to reach $35.10 billion in 2027, growing at a 5.68% CAGR.

2. Major Driver

The rising demand for personal care products is set to drive the cosmetics ingredients market’s growth. Personal care products encompass items used for hygiene, beauty enhancement, and cleaning, promoting personal well-being, cleanliness, and appearance. Cosmetic ingredients are vital in these products, providing various benefits and enhancing performance, efficacy, and sensory experience. For example, Loreal Cosmetic World reported that personal care product demand, particularly skincare, increased from over 228 billion euros in 2021 to 8% in 2021 and 41.8% in 2022. E-commerce in the beauty sector also rose from 22.8% in 2020 to 24.5% in 2021. Thus, the surge in personal care product demand fuels cosmetics ingredients market growth.

View More On The Cosmetic Ingredients Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cosmetic-ingredients-global-market-report

3. Key Trend

Innovations in product offerings are a prominent trend in the cosmetic ingredients market. Companies in this industry are incorporating novel products to maintain their market positions. For example, in June 2022, Solvay S.A., a Belgian chemical company, introduced high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, aiming to support the development of sustainable beauty care products with low environmental and carbon footprints. These glycolipid biosurfactants find applications in various beauty care products like shampoos, conditioners, shower gels, face washes, and creams.

4. Largest Region

Asia-Pacific was the largest region in the cosmetic ingredients market in 2022.

5. Major Players

Major players in the cosmetic ingredients market 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, and Aqia.

Request A Sample Of The Global Cosmetic Ingredients Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=11972&type=smp

Key Cosmetic Ingredients Market Segments
The global cosmetic ingredients market 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

The Cosmetic Ingredients Global Market Report 2023  provides an in-depth analysis on the cosmetic ingredients market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cosmetic ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cosmetic Lasers Global Market Report 2023
Personal Care Ingredients Global Market Report 2023
Probiotics Food And Cosmetics Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model