Personal Care Ingredients Personal Care Ingredients Market

Global Personal Care Ingredients Market Overview

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.

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 that 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 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 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 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 personal care and its benefits will contribute to the market. As the pandemic continues, there will be extensive emphasis on sanitization and hygiene which will drive the growth of the personal care ingredients market.

Report Scope:

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 are 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

• Emollients
• Surfactants
• Emulsifiers
• Rheology Modifiers
• Conditioning Polymers
• Others

By Application

• Skin Care
• Hair Care
• Oral Care
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa