Hair care ingredients are used in the production of hair care products such as shampoos, conditioners, styling agents, colorants and so on. They impart specific functionalities such as providing foaming property, giving firm structure and gloss to the hair, binding various ingredients in the hair care product and so on. Hair care industry is vast and well-established, encompassing wide range of products for different hair types and for purposes like preventing hair damage, nourishing, coloring and styling the hair. The hair care products laced with safer, efficient and natural ingredients have been gaining traction with heightened consumer awareness on ill-effects of chemical-oriented products and increasing personal care expenditure. Driven by these favorable factors, the market is poised to grow at a CAGR of XX% and is set to reach $XX billion by 2021.
Hair care ingredients industry has been driven by consistent innovation in terms of formulation and manufacturing coupled with robust demand from hair care industry. Driven by the escalating beauty consciousness among consumers in emerging economies along with increasing disposable expenditure, the demand for high value ingredients is set to witness considerable growth in the coming years. Global personal care ingredients industry encompass wide range of specialty and fine chemicals which are used in skin, hair, oral and other beauty products. The ingredients market for hair care occupied around XX% of the overall personal care ingredients market in 2015 and emerged as the highest growth contributor for this industry.
Surfactants, conditioning polymers, emollients are the major ingredient segments in this market due to their wide application base. With the mounting demand for hair conditioners across the globe, the usage of conditional polymers is projected to witness significant growth in the coming five years. The trend of consumer preference towards products with natural ingredients has been strengthening over time and is forecast to become even stronger during the forecast period owing to rapidly spreading awareness on damage caused by chemical products and benefits of natural products. Natural beauty products market is estimated to be valued at approximately $31.5 billion in 2015 with strong presence in developed nations of Europe and North America. However, APAC and Brazil offers huge growth opportunities for the coming years.
Europe is the dominant market for hair care ingredients with a share of XX% followed by APAC. Europe and North America are estimated to grow at a sluggish rate owing to their higher penetration and per capita consumption. However, the trend of natural and healthy ingredients has been enticing the hair care product manufacturers which assist the market in sustaining demand. Growing frequency of hair treatments and availability of wide take-home products in emerging nations spurs the market growth. Developing nations alone are forecast to contribute to XX% of the market growth during the forecast period 2016-2021.
The report analyzes the global hair care ingredients market based on ingredient type namely: conditioning polymers, emollients, emulsifiers, hair fixative polymers, surfactants, rheology control agents and others such as UV absorbers and antimicrobials. The potency of these ingredients and their demand is analyzed based on their usage in various hair care products including shampoos, hair conditioners, hair colorants, styling agents and others. Consumers as well as hair care product manufacturers have been emphasizing on the source of hair care ingredients in the recent years.
The report provides detailed analysis on potential and prospects of both natural and synthetic ingredients. The research study also outlines the hair care products industry, the end user of hair care ingredients. The global market has also been represented from the perspective of geographic regions and key countries in each region. Top companies are profiled with attributes like company overview, financials, products, growth strategy and recent developments in the business of hair care ingredients. This market is fairly consolidated with top ten manufacturers accounting for more than half of the global market. Major players in this market include BASF SE (Germany), Dow chemicals (U.S.) and Croda International (U.K.).