Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.53 Billion | USD 24.83 Billion | 4.3% | 2024 |
The global cosmetic ingredients market size was worth around USD 16.53 Billion in 2024 and is estimated to grow to about USD 24.83 Billion by 2034, with a compound annual growth rate (CAGR) of approximately 4.3% between 2025 and 2034. The report analyzes the cosmetic ingredients market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cosmetic ingredients market.
Some of the main competitors dominating the global cosmetic ingredients market include - BASF SE (Germany), Ashland (US), Solvay (Belgium), Dow (US), Clariant (Switzerland), Croda International Plc. (UK), Evonik Industries AG (Germany), Nouryon (North Holland), and Lonza (Switzerland).
Cosmetic ingredients are a chemical used in personal care products such as soap, lotion, shampoos, perfumes, and powders. Cosmetics and personal care products play a vital role in our lives, as they not just enhance our aesthetic beauty but well being too. For instance, sun creams are used for well being and skin care, while hair care products and moisturizers are used as grooming products. Cosmetics ingredients are categorized as synthetic and organic. Synthetic cosmetic ingredients include aluminum salt, phthalates, paraben, and petrochemicals etc; whereas, organic ingredients extracted from natural sources include plant extract, vitamins, proteins, waxes, oils & fats, additives, preservatives and thickening agents. Growing health concern and increasing demand for cosmetic ingredients is expected to propel the cosmetic ingredient market growth over the forecast period.
Increasing focus on personal care, rising availability of cosmetic products, increasing awareness about physical appearance via social platforms, and increasing disposable income are some of the other factors that will guide the cosmetic ingredients market potential in years to come.
Regulations across multiple regions are expected to have a slowing effect on the cosmetic ingredients market growth over the forecast period.
Increasing Per Capita Disposable Income of Consumers
Consumers across the world have seen some major changes in purchasing trends and this is expected to favor the cosmetic ingredients market potential. Increasing urbanization and rising purchasing power of consumers are expected to be prime factors driving the sales of cosmetic and personal care products and this subsequently drives the cosmetic ingredients market potential over the forecast period.
Regulatory Norms of Different Nations
Different nations have different regulatory bodies that regulate the safety standards of multiple products and they govern their sales. These regulations are for consumer safety but they make it difficult for cosmetic ingredients manufacturers to make products that are compliant with them all. And hence this factor alone is expected to have a hindering effect on the global cosmetic ingredients market potential through 2028.
In the future years, the market for cosmetic ingredients is anticipated to expand significantly due to the increased demand for personal care products, expanding awareness of the benefits of utilizing natural and organic chemicals, and rising disposable income in emerging nations.
Here are several opportunities on the market for cosmetic ingredients:
In the coming years, the cosmetic ingredients market challenges a number of challenges that may restrict its growth.
Here are a few of the challenges:
The global cosmetic ingredients market is segregated based on functionality, product type, application, and region.
By Product Type, the market is divided into Surfactant, Emollient, Polymer, Oleo-chemical, Botanical Extract, Rheology Modifier, Preservatives, antioxidants, Emulsifiers & Stabilizers, and Others. The surfactants segment is anticipated to hold a dominant market share through the forecast period. Rising use of surfactants in cosmetic and personal care products is expected to boost the demand for this segment over the forecast period.
By Application, the cosmetic ingredients market is segmented into Skin Care, Hair Care, Makeup, Fragrance, Oral Care, and Others. The rising awareness for skincare and makeup is expected to boost these applications for the cosmetic ingredients market on a global scale. The skin care segment will be the most lucrative over the forecast period.
Europe region leads the global cosmetic ingredients market in terms of revenue and volume share and is anticipated to maintain this stance through 2028. The cosmetic ingredients market in this region is expected to be driven by presence of key cosmetic ingredients companies and rising awareness for physical appearance in the European population. Increasing consumption of skincare, hair care, make up products in this region is expected to propel demand for cosmetic ingredients in this region. The cosmetic ingredients market in this region will also be driven by increasing spending potential of the general population. The rising popularity of luxury care products is also anticipated to propel sales of cosmetic ingredients in this region over the forecast period.
Increasing per capita disposable income in Asia Pacific region will also prominently drive the cosmetic ingredients market potential through 2028. India and China are expected to lead the cosmetic ingredients market potential.
Report Attributes | Report Details |
---|---|
Report Name | Cosmetic Ingredients Market |
Market Size in 2024 | USD 16.53 Billion |
Market Forecast in 2034 | USD 24.83 Billion |
Growth Rate | CAGR of 4.3% |
Number of Pages | 136 |
Key Companies Covered | BASF SE (Germany), Ashland (US), Solvay (Belgium), Dow (US), Clariant (Switzerland), Croda International Plc. (UK), Evonik Industries AG (Germany), Nouryon (North Holland), and Lonza (Switzerland), and others. |
Segments Covered | By Functionality, By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cosmetic ingredients market on a global and regional basis.
By Functionality
By Product Type
By Application
By Region
FrequentlyAsked Questions
Cosmetic ingredients are the raw materials used to create cosmetic and personal care products like lotions, shampoos, makeup, deodorants, and skincare items. These ingredients can be natural, synthetic, or a blend of both, and they serve various functions such as cleansing, moisturizing, coloring, preserving, or improving texture.
The global cosmetic ingredients market is expected to grow due to increasing demand for natural and organic beauty products, rising consumer awareness of skincare benefits, growing adoption of advanced formulations, and expanding applications in anti-aging and personal care products.
According to a study, the global cosmetic ingredients market size was worth around USD 16.53 Billion in 2024 and is expected to reach USD 24.83 Billion by 2034.
The global cosmetic ingredients market is expected to grow at a CAGR of 4.3% during the forecast period.
Europe & North America is expected to dominate the cosmetic ingredients market over the forecast period.
Leading players in the global cosmetic ingredients market include BASF SE (Germany), Ashland (US), Solvay (Belgium), Dow (US), Clariant (Switzerland), Croda International Plc. (UK), Evonik Industries AG (Germany), Nouryon (North Holland), and Lonza (Switzerland), among others.
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