Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.53 Billion | USD 24.83 Billion | 4.3% | 2024 |
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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