Personal Care Ingredients Market - Forecast(2020 - 2025)

Report Code: CMR 44359 Report Format: PDF + Excel (Delivery in 48 Hrs)

Personal Care Ingredients Market Overview

Personal Care Ingredients Market size is forecast to reach $20.06 billion by 2025 after growing at a CAGR of 5% during 2020-2025. Personal Care are used by individuals to maintain personal hygiene and improve their appearance. Personal care products are used on a daily basis by individuals and are made from ingredients obtained from both natural and synthetic sources. The growth of the market of personal care ingredients is expected to be driven by the high demand for cosmetics.

Report Coverage

The report: “Personal Care Ingredients Market -Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of personal care ingredients Industry.
By Type – Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Active Ingredients and Others.
By Application – Skin Care, Hair Care, Oral Care, Make-Up and Others.
By Geography – North America, South America, Europe, APAC and Rest of World. 

Key Takeaways

  • Asia-Pacific dominates the personal care ingredients market owing to increasing demand from ingredients such as anti-aging agents, exfoliators, ultraviolet (UV) agents, moisturizers, antioxidants, and antimicrobials.
  • Changing lifestyle and increasing purchasing power of consumers in developing countries will drive the growth of the market in the forecast period.
  • Increasing demand for natural ingredients will hinder the market growth in the forecast period.

Personal Care Ingredients Market Segment Analysis - By Type

Emollients has been the primary market for personal care ingredients in 2019. This is due to their use in almost every personal care products such as antiperspirants, deodorants, soaps, skin creams, face cleansers, and others. The demand is mainly fueled due to soothing and smoothing properties emollients provide to skin. Beyond alleviating dryness and irritation, emollients can reduce scaling and itching and help manage the overgrowth and shedding of skin cells that occurs with psoriasis. These products can also soften plaques and cracks, improve the skin’s barrier function, ease inflammation, and act as a vehicle for active medical ingredients. Emollients that contain a lot of oil are also occlusive agents. This means they coat your skin with a thin oily film that seals the water in your skin. The most common way to classify Emollients is by how oily or greasy they are. All emollients soften and smooth the skin, but the amount of oil in them determines how strong of an occlusive agent they are. The more oil an emollient contains, the better it is at forming a protective layer on your skin to trap moisture. 

Personal Care Ingredients Market Segment Analysis - By Application

Skin care is the largest application segment for personal care ingredients in 2019 growing at CAGR of 4%. Skin care is an essential part of personal care. It includes everything, from correction to prevention, in the process of make-up. Great skin will never go out of style, and the innovations and developments in the beauty industry promise to deliver improved products with a health-friendly touch. Skin care involves practices that support skin integrity, enhance its appearance, and cure skin conditions. This area includes nutrition, avoidance of excessive sun exposure, and appropriate use of emollients. The top impacting factors in the global skin care products market include change in lifestyle patterns in emerging countries due to rapid urbanization, rise in awareness towards advanced skin care products, increase in demand for skin care products, new product innovation, high investments in emerging countries, and others. However, limited shelf life of the skin care product poses limitations to the market growth. Skin sensitivity is another factor driving the growth of the skin care products market. Awareness about the harmful effects of chemicals and synthetic products is another factor augmenting the growth of market.

Personal Care Ingredients Market Segment Analysis - Geography

APAC dominates the personal care ingredients market with a share of 41% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the personal care sector, due to the large prospective population in the region coupled with the factors which are inducing the growth of the market such as rising personal disposable income and increasing internet penetration in the region. Further, distribution of personal care product market has a huge role in the success of a company as it directly impacts the demand and supply in the market and hence the revenue. With the rising penetration of internet and e-commerce across the globe, the reach of personal care products companies has increased. The perks of e-commerce have not only benefitted the companies but also the consumers in terms of pricing and a vast range of options available to them. 

The 2019–20 coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business therefore, it hinders the growth of personal care ingredients market in the year 2020. The current COVID-19 epidemic outbreak has deeply influenced consumers' daily life and in addition to the impact on coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business. The current epidemic outbreak has deeply influenced consumers' daily life and in addition to the impact on the cosmetic companies. The Cosmetic industry is in a worse situation as it is hard to find markets where goods can be exported to. Further, not sufficient raw materials are being imported, it is difficult to manufacture certain items as needed. 

Personal Care Ingredients Market Drivers

Milder ingredients to gain prominence in personal care ingredients market

Although the trend of multifunctional and natural products has now been incorporated firmly on the professional radar of personal care ingredients market, the rising importance of milder ingredients in recent years is set to demonstrate another transformative trend in this business. Consumers are now favoring milder, gentler products, which are perceived to be less harmful and damaging over time. The trend has caught on in the entire beauty industry, though the hair care business has been at the forefront. Consumers prefer purchasing water-based products instead of solvent-based shampoos, conditioners, hair masks and serums. The use of such products is particularly high in the developed markets of advanced economies. Strict surveillance by the government and other regulatory bodies have also significantly led beauty product manufacturers to wisely choose the ingredients for their product formulation. This factor will drive the growth of the market in the forecast period.

Multifunctional or the one-product fits all approach will drive the market

It has been observed that typical modern-day consumers prefer to simplify their daily beauty routines, in the interest of their hectic, fast-paced schedules. These consumers also prefer to use a single product instead of applying a range of different products that may be deemed suitable for specific skincare concerns. Thus, multifunctional products are gaining renewed popularity, as worldwide personal care ingredients market is witnessing an emergence of cosmetics products that can offer several perks rolled into one. The trend of multifunctional products may have started off with the launch of BB creams, which provide the multiple benefits of moisturizing, brightening, evenness, radiance, lightweight texture and other variants such as anti-aging and UV protection as well. As more and more customers are leaning toward products that combine skincare and makeup, multifunctional products are poised to gain a sizable valuation. Multifunctional products have garnered the title of convenient and cost-effective beauty solutions in personal care ingredients industry. This will drive the growth of the market in the forecast period.

Personal Care Ingredients Market Challenges

Expensive nature of cosmetic products will hinder the growth

Due to the expensive nature of personal care products offered by multi-national companies, smaller companies in the market often resort to offering cheaper substitutes to cater to the consumer demand. Thus, the availability of low-cost substitutes hinders the growth of the personal care ingredients market to some extent. Besides, the proliferation of counterfeit products is rendering the market unorganized. 

Health concern and restrictions on the usage of the antioxidants in personal care ingredients

Restrictions in the use of antioxidants have been enforced because of their health risks and toxicity. Hence there is a significant interest in and demand for replacing antioxidants with natural plant-based alternatives, not only due to safety issues but also due to increased consumer awareness and interest in natural products and the possible health benefits of natural antioxidants. This will hinder the growth of the market in the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the personal care ingredients market. In 2019, the market of personal care ingredients has been consolidated by the top five players accounting for XX% of the share. Major players in the personal care ingredients market are Dow Corning Corporation, Wacker Chemie AG, Ashland Inc., and Clariant Lonza Group Pvt. Ltd. And others.

Acquisitions/Technology Launches/Product Launches

  • In March 2020, Royal DSM has launched SYN-GLOW™ a completely new small cosmetic peptide ingredient, partnering with skin to reveal its natural sun-kissed tone from within exceptional efficacy on human skin after topical application within a cosmetic formulation.
  • In March 2020, Caregiver Inc., a leading provider of long-term care services and supports to people with intellectual and developmental disabilities, announced that it has acquired four companies, setting an unprecedented pace for continued rapid growth and expanding services in Indiana, Ohio and Tennessee.

1. Personal Care Ingredients Market- Market Overview
    1.1 Definitions and Scope
2. Personal Care Ingredients Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Type
    2.3 Key trends By Application
    2.4 Key trends by Geography
3. Personal Care Ingredients Market – Landscape 
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Personal Care Ingredients Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Personal Care Ingredients Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies Investment
6. Personal Care Ingredients Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Personal Care Ingredients Market – By Strategic Analysis 
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Supplier and Distributor Analysis
8. Personal Care Ingredients Market – By Type (Market Size -$Million)
    8.1 Emollients
        8.1.1 Ointments
        8.1.2 Creams
        8.1.3 Lotions
        8.1.4 Others
    8.2 Surfactants
        8.2.1 Nonionic Surfactants
        8.2.2 Cationic Surfactants
        8.2.3 Zitterionic Surfactants
    8.3 Emulsifiers
        8.3.1 Oil in water
        8.3.2 Water in oil
    8.4 Rheology Modifiers
        8.4.1 Organic Rheology Modifiers
        8.4.2 Inorganic Rheology Modifiers
    8.5 Active Ingredients
    8.6 Others
9. Personal Care Ingredients Market – By Application (Market Size -$Million)
    9.1 Skin Care
    9.2 Hair Care
    9.3 Oral Care
    9.4 Make-Up
    9.5 Others
10. Personal Care Ingredients Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 UK
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherland
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia-Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 South Korea
        10.4.5 Australia and New Zeeland
        10.4.6 Rest of APAC
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 U.A.E
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Personal Care Ingredients Market – Entropy
12. Personal Care Ingredients Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Country - Top companies
        12.1.2 Market Share by Region - Top companies
        12.1.3 Market Share by type of Application - Top companies
        12.1.4 Market Share by type of Product / Product category- Top companies
        12.1.5 Market Share at global level - Top companies
        12.1.6 Best Practices for companies
13. Personal Care Ingredients Market – Key Company List by Country Premium Premium
14. Personal Care Ingredients Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1 
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)
2.Global Personal Care Ingredients Market By Ingredient Market 2019-2024 (Volume/Units)
3.North America Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)
4.South America Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)
5.Europe Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)
6.APAC Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)
7.MENA Personal Care Ingredients Market By Ingredient Market 2019-2024 ($M)

LIST OF FIGURES

1.US Personal Care Ingredients Market Revenue, 2019-2024 ($M)
2.Canada Personal Care Ingredients Market Revenue, 2019-2024 ($M)
3.Mexico Personal Care Ingredients Market Revenue, 2019-2024 ($M)
4.Brazil Personal Care Ingredients Market Revenue, 2019-2024 ($M)
5.Argentina Personal Care Ingredients Market Revenue, 2019-2024 ($M)
6.Peru Personal Care Ingredients Market Revenue, 2019-2024 ($M)
7.Colombia Personal Care Ingredients Market Revenue, 2019-2024 ($M)
8.Chile Personal Care Ingredients Market Revenue, 2019-2024 ($M)
9.Rest of South America Personal Care Ingredients Market Revenue, 2019-2024 ($M)
10.UK Personal Care Ingredients Market Revenue, 2019-2024 ($M)
11.Germany Personal Care Ingredients Market Revenue, 2019-2024 ($M)
12.France Personal Care Ingredients Market Revenue, 2019-2024 ($M)
13.Italy Personal Care Ingredients Market Revenue, 2019-2024 ($M)
14.Spain Personal Care Ingredients Market Revenue, 2019-2024 ($M)
15.Rest of Europe Personal Care Ingredients Market Revenue, 2019-2024 ($M)
16.China Personal Care Ingredients Market Revenue, 2019-2024 ($M)
17.India Personal Care Ingredients Market Revenue, 2019-2024 ($M)
18.Japan Personal Care Ingredients Market Revenue, 2019-2024 ($M)
19.South Korea Personal Care Ingredients Market Revenue, 2019-2024 ($M)
20.South Africa Personal Care Ingredients Market Revenue, 2019-2024 ($M)
21.North America Personal Care Ingredients By Application
22.South America Personal Care Ingredients By Application
23.Europe Personal Care Ingredients By Application
24.APAC Personal Care Ingredients By Application
25.MENA Personal Care Ingredients By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Croda International PLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lonza Group Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Solvay SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Akzo Nobel N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Clariant AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Wacker Chemie AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)