The 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.
Market Overview
The 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.
Personal care is the personal as well as private hygiene and toileting of an individual which may include care for different body parts. Personal care ingredients are the raw materials which are used for the making of these personal care products. These may range from natural and bio- based ingredients to chemical ingredients. However, in recent years it has been observed that the consumers are shifting to more natural based ingredients.
Market Overview
The 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.
Personal care is the personal as well as private hygiene and toileting of an individual which may include care for different body parts. Personal care ingredients are the raw materials which are used for the making of these personal care products. These may range from natural and bio- based ingredients to chemical ingredients. However, in recent years it has been observed that the consumers are shifting to more natural based ingredients.
COVID-19 Impact Analysis
COVID-19 pandemic had a mixed impact on the personal care ingredients market. Due to the lockdown all the various operations, distribution and manufacturing of the sector were impacted globally. There was also a decrease in demand for a particular part of personal care. However, due to the increased awareness of the sanitization and hygiene, there was a huge demand for sanitizer, soap, disinfectants, & others. This added revenue to the personal care ingredients market.
Growth Factors
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.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Ingredient Type Segment Analysis Preview
There are different ingredient types which are used for the market. The surfactants segment took the highest market share among others. This may be due to the increase in demand of the anti-ageing products within the growing middle- age population. Emollients, emulsifiers, rheology modifiers, conditioning polymers, and others form the ingredient type segment.
Application Segment Analysis Preview
The Skin Care segment held a share of over 14.94% in 2020.There is various areas where personal care ingredients may be applied directly or indirectly. Skin care sector occupied the highest market share. This may be due to the growing population and the increase in awareness of products such as sun care products, body lotions, facial creams, and others by consumers globally. Hair Care, oral Care, and others form the application segment.
Regional Analysis Preview
The North America region is projected to grow at a CAGR of 8 % over the forecast period. 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. There is also a demand for natural cosmetics with good quality which will also contribute towards the growth of the market in the region.
Key Market Players & Competitive Landscape
Some of the key players 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 companies adopt various strategies in order to boost their presence and capitalization. For instance, BASF SE is jointly developing profitable, innovative and sustainable solutions for global challenges in order to gain competitive advantage in the market.
The Personal Care Ingredients Market is segmented as follows:
By Ingredient Type
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Ingredient Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Personal Care Ingredients Market Revenue, 2016 – 2020 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Ingredient Type, 2020 & 2028
FIG NO. 7. Global Personal Care Ingredients Market for Emollients, Revenue (USD Million) 2016 – 2020
FIG NO. 8. Comparative Revenue Analysis of Personal Care Ingredients Market for Emollients, By Country, 2020 & 2028
FIG NO. 9. Global Personal Care Ingredients Market for Surfactants, Revenue (USD Million) 2016 – 2020
FIG NO. 10. Comparative Revenue Analysis of Personal Care Ingredients Market for Surfactants, By Country, 2020 & 2028
FIG NO. 11. Global Personal Care Ingredients Market for Emulsifiers, Revenue (USD Million) 2016 – 2020
FIG NO. 12. Comparative Revenue Analysis of Personal Care Ingredients Market for Emulsifiers, By Country, 2020 & 2028
FIG NO. 13. Global Personal Care Ingredients Market for Rheology Modifiers, Revenue (USD Million) 2016 – 2020
FIG NO. 14. Comparative Revenue Analysis of Personal Care Ingredients Market for Rheology Modifiers, By Country, 2020 & 2028
FIG NO. 15. Global Personal Care Ingredients Market for Conditioning Polymers, Revenue (USD Million) 2016 – 2020
FIG NO. 16. Comparative Revenue Analysis of Personal Care Ingredients Market for Conditioning Polymers, By Country, 2020 & 2028
FIG NO. 17. Global Personal Care Ingredients Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 18. Comparative Revenue Analysis of Personal Care Ingredients Market for Others, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By Application , 2020 & 2028
FIG NO. 20. Global Personal Care Ingredients Market for Skin Care, Revenue (USD Million) 2016 – 2020
FIG NO. 21. Comparative Revenue Analysis of Personal Care Ingredients Market for Skin Care, By Country, 2020 & 2028
FIG NO. 22. Global Personal Care Ingredients Market for Hair Care, Revenue (USD Million) 2016 – 2020
FIG NO. 23. Comparative Revenue Analysis of Personal Care Ingredients Market for Hair Care, By Country, 2020 & 2028
FIG NO. 24. Global Personal Care Ingredients Market for Oral Care, Revenue (USD Million) 2016 – 2020
FIG NO. 25. Comparative Revenue Analysis of Personal Care Ingredients Market for Oral Care, By Country, 2020 & 2028
FIG NO. 26. Global Personal Care Ingredients Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 27. Comparative Revenue Analysis of Personal Care Ingredients Market for Others, By Country, 2020 & 2028
FIG NO. 28. Global Personal Care Ingredients Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Personal Care Ingredients Market Revenue, 2016 - 2020 (USD Million)
FIG NO. 30. Porter’s Five Forces Analysis for Global Personal Care Ingredients Market
FIG NO. 31. PEST Analysis for Global Personal Care Ingredients Market
FIG NO. 32. Pricing Analysis for Global Personal Care Ingredients Market
FIG NO. 33. Value Chain Analysis for Global Personal Care Ingredients Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. Ashland Global Holdings Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 38. Ashland Global Holdings Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology
List of Tables
TABLE NO. 1. Global Personal Care Ingredients Market: Snapshot
TABLE NO. 2. Quarterly Personal Care Ingredients Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Personal Care Ingredients Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Personal Care Ingredients Market for Emollients, by Region, 2016 – 2020 (USD Million)
TABLE NO. 7. Global Personal Care Ingredients Market for Surfactants, by Region, 2016 – 2020 (USD Million)
TABLE NO. 8. Global Personal Care Ingredients Market for Emulsifiers, by Region, 2016 – 2020 (USD Million)
TABLE NO. 9. Global Personal Care Ingredients Market for Rheology Modifiers, by Region, 2016 – 2020 (USD Million)
TABLE NO. 10. Global Personal Care Ingredients Market for Conditioning Polymers, by Region, 2016 – 2020 (USD Million)
TABLE NO. 11. Global Personal Care Ingredients Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 12. Global Personal Care Ingredients Market for Skin Care, by Region, 2016 – 2020 (USD Million)
TABLE NO. 13. Global Personal Care Ingredients Market for Hair Care, by Region, 2016 – 2020 (USD Million)
TABLE NO. 14. Global Personal Care Ingredients Market for Oral Care, by Region, 2016 – 2020 (USD Million)
TABLE NO. 15. Global Personal Care Ingredients Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 16. Global Personal Care Ingredients Market Revenue, By Region, 2016 – 2020 (USD Million)
TABLE NO. 17. North America Personal Care Ingredients Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 18. North America Personal Care Ingredients Market Revenue, By Ingredient Type, 2016 – 2020 (USD Million)
TABLE NO. 19. North America Personal Care Ingredients Market Revenue, By Application , 2016 – 2020 (USD Million)
TABLE NO. 20. U.S. Personal Care Ingredients Market Revenue, By Ingredient Type, 2016 – 2020 (USD Million)
TABLE NO. 21. U.S. Personal Care Ingredients Market Revenue, By Application , 2016 – 2020 (USD Million)
TABLE NO. 22. Canada Personal Care Ingredients Market Revenue, By Ingredient Type, 2016 – 2020 (USD Million)
TABLE NO. 23. Canada Personal Care Ingredients Market Revenue, By Application , 2016 – 2020 (USD Million)
TABLE NO. 24. Mexico Personal Care Ingredients Market Revenue, By Ingredient Type, 2016 – 2020 (USD Million)
TABLE NO. 25. Mexico Personal Care Ingredients Market Revenue, By Application , 2016 – 2020 (USD Million)
TABLE NO. 26. Drivers for the Personal Care Ingredients Market: Impact Analysis
TABLE NO. 27. Restraints for the Personal Care Ingredients Market: Impact Analysis
TABLE NO. 28. Major Buyers of Personal Care Ingredients
TABLE NO. 29. Distributors/Traders List of Personal Care Ingredients
TABLE NO. 30. Global Personal Care Ingredients Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 31. Global Personal Care Ingredients Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
The personal care ingredients market was valued at 11.39 USD Billion in 2020.
The personal care ingredients market is expected to reach USD 15.05 Billion by 2028, growing at a CAGR of 3.80 % from2021 to 2028.
Some of the key factors driving the personal care ingredients market growth are, 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.
The North America region held a substantial share of the XX market in 2020. The increased awareness of the personal care and hygiene among the population and high disposable income contributes to the dominance of the region in the personal care ingredients market.
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