10-Jun-2021 | Zion Market Research
Some of the key players operating in the personal care ingredients market are Ashland Global Holdings Inc., BASF SE, Berkshire Hathaway Inc., Clariant AG, Croda International Plc., DOW, Inc., Evonik Industries AG, J.M. Huber Corporation, KCC Corporation, and Solvay S.A, among others. These players are set to bolster the development of the global personal care ingredients market. According to analysts at Zion Market Research, the global personal care ingredients market accounted for 11.39 USD Billion in 2020 and is expected to reach 15.05 USD Billion by 2028, growing at a CAGR of 3.8% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Personal Care Ingredients Market by Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, and Others), by Application (Skin Care, Hair Care, Oral Care, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Extensive Emphasis on Sanitization and Hygiene to Spur Market Growth
There are various factors leading to the growth of the personal care ingredients market. Increased purchasing power of the consumers along with the improved standard of living which is expected to grow over the coming years will facilitate the overall growth of the personal care ingredients market. Also, increased customer awareness about the personal care and its benefits will contribute to the market. As the pandemic continues, there will be extensive emphasis on the sanitization and hygiene which will drive the growth of the personal care ingredients market.
Increased Awareness of Personal Care and Hygiene in The Region Support North American Dominance
North America dominates the personal care ingredients market. The increased awareness of the personal care and hygiene among the population contributes to the dominance of the region in the personal care ingredients market. High disposable income of the population increases the spending capacity of the region and drives the growth of the personal care ingredients market. Europe’s contribution towards the personal care ingredients market is also expected to be growing significantly over the coming years. This may be due to the increasing demand of the personal care ingredients for different luxury products ranging from skin care to hair care and many more.
Browse the full “Personal Care Ingredients Market by Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers, and Others), by Application (Skin Care, Hair Care, Oral Care, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/personal-care-ingredients-market
The global personal care ingredients market is segmented as follows:
By Ingredient Type
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