Reports Description
According to Custom Market Insights (CMI), The Global Cosmetic Ingredients Market is expected to grow at a compound annual growth rate of 5.9% from the year 2022 till the year 2030. The cosmetic ingredients market is at USD 10.3 billion in the year 2022 and is expected to reach USD 14.6 billion by the year 2030.
Cosmetic ingredients are different types of raw materials derived from various sources, and they are used in producing different types of cosmetics worldwide. The demand for cosmetic ingredients is expected to increase in the coming year when it comes to the manufacturing of skin conditioners, anti-aging products, or even other types of products that are antifungal. There are inactive and active ingredients used in the cosmetics industry, which have different functions.
Cosmetic ingredients are used in the manufacturing of beauty products and other cosmetics. As consumers in recent years have shown a preference for herbal and organic products, the demand for these products is expected to grow in the coming years, and they shall also provide major opportunities for growth during the forecast period. To meet consumer demands and constantly changing consumer expectations, manufacturers and suppliers of cosmetic ingredients are constantly engaged in providing better options.
The suppliers of the ingredients used in cosmetics manufacturing have to comply with the regulations of various nations, and as these regulations are stringent, market growth may be hampered. The availability of various cosmetic products online will help grow the cosmetic ingredients market during the forecast period. Digitalization has also played an instrumental role in the market’s growth in recent years
Period home delivery for the products purchased online is one extremely cost-effective feature, and it will provide major opportunities for the growth of the cosmetic ingredients market during the forecast. These platforms offer a wide range of options for cosmetic products at lucrative offers.
Due to the outbreak of the COVID-19 pandemic, the growth of the market was hindered. Also, disrupted supply chains and logistic functions reduced the supply of raw materials, the production of various cosmetics had reduced greatly, and some industries were even shut down during the period.
During the outbreak of the COVID-19 pandemic, there was a shift in the preference of consumers for purchasing products online as compared to the other options available for purchase. The pandemic has also played an instrumental role in the growth of the eCommerce industry, and many manufacturers have provided products on these platforms.
Growth Factors
In recent years, there have been advancements in information technology. Globalization has also played an instrumental role in creating awareness about various products available in the market for enhancing beauty. Do you have the ability to these products on online platforms, or the eCommerce platforms will help in the growth of the market in the coming years? These products are available with reviews that are authentic and verified by the consumers. The demand for cosmetic products through these online platforms is expected to grow in the coming years.
Digitalization Has played an instrumental role in the market’s growth as it has provided simple platforms for delivery and has also made the delivery of various products cost-effective. The availability of a wide range of products on eCommerce platforms has allowed consumers to select the product or the cosmetics that are right for the consumers.
As people’s lifestyles worldwide have changed, especially in developing regions, the demand for cosmetics is expected to grow. Exposure to smartphones and televisions will also play an instrumental role in the market’s growth in the glamour industry. Entertainment and cinema will also play an instrumental role in the market’s growth.
As the demand for cosmetics grows, the market will generate a good amount of revenue in the coming year. The collaborations and acquisitions between the major market players will also help grow the market in the coming years. As the working woman population increases, the demand for cosmetics has grown.
As there has been an increase in awareness about hygiene and self-care, the demand for different types of cosmetics or personal care products is expected to grow in the coming years. Different types of hair and skin care products are in great demand, and the manufacturing of these products will continue to grow in the coming years.
The lifestyle has changed in countries like India, China, and Brazil. Dole-income households have provided better disposable income, which will also be a factor in the market’s growth in the coming year. As the demand for herbal cosmetics has increased to a great extent, the market is expected to grow well in the coming year. as the consumers of cosmetics are aware of the side effects associated with the use of chemical-based cosmetics, the demand for natural or herbal products is expected to grow in the coming years.
It will provide good opportunities for the growth of the market during the forecast period. Improved products are available in the market due to constant research and development in meeting the needs of natural products. Constant research and development activities will also play an instrumental role in the market’s growth in the coming years.
Segmental insights
The cosmetic ingredients market segment is based on the source from which the ingredients used in cosmetics manufacturing are derived. The synthetic ingredient segment is expected to grow well in the coming years period this segment has dominated the market in the past with the highest market share in terms of revenue and will continue to grow in the coming years.
This segment is expected to grow with the highest compound annual growth rate in the coming years. As there has been an increase in the purchases of skincare and hair care products in developing economies, the demand for synthetic ingredients is expected to grow in the coming years.
- The cosmetic ingredients market segment is based on the type of Ingredient.
Based on the type of Ingredient, the surfactant segment is expected to grow well in the coming years period the surfactant segment has dominated the market in the past with the highest share in terms of revenue which was about 23.5% in the past. The formulations or the ingredients that have anti-aging properties will be in grid demand in the coming years as the product is purchased on a large scale by the middle-aged group and the elderly group in developing and developed nations across the globe. As beauty trains are changing, the demand for the products will continue to grow in the coming years.
- Cosmetic ingredients market segment based on the Application
Based on Application, the skin care segment will hold the highest market share. The skin care segment has dominated the market in the past with the highest market share in terms of revenue, and it will continue to grow in the coming years. As the demand for skin care cosmetics has increased, the segment will generate maximum revenue in the coming years.
There has been a growth in the demand for facial creams, body lotions sunscreen products, and all of these will be instrumental in the market growth during the forecast. Products with anti-aging and anti-acne properties will be in great demand in the coming years. Fairness products are also in great demand in various countries, due to which the market is expected to grow well in the coming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 10.3 Billion |
| Projected Market Size in 2030 | USD 14.6 Billion |
| CAGR Growth Rate | 5.9% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Ashland Global Holdings Inc., BASF SE., Clariant International Ltd., Croda International PLC., Solvay SA, Givaudan SA, Koninklijke DSM NV., Eastman Chemical Co., Evonik Industries AG, Lonza Group Ltd., and Others |
| Key Segment | By Source, Ingredient, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
The North American region is expected to dominate the market in the coming years. This region had the largest market share in terms of revenue in the past, and it will continue to grow in the coming years. The demand for cosmetic ingredients has increased in the North American region to a great extent due to an increased awareness of self-care and hygiene.
The demand for cosmetic products will continue to grow in the coming years as these products are used to enhance a person’s beauty. The presence of market players that provide good-quality cosmetics in the North American region will benefit the market’s growth during the forecast period. As cosmetic products are used for a specific purpose, the demand for these products will continue to grow in the coming year. As the sales of these products will grow, the demand for the ingredients used in manufacturing these products will also grow.
The awareness of the side effects associated with the long-term use of cosmetics that use chemicals or synthetic raw materials will also play an instrumental role in the market’s growth, especially for natural products. Most of the organizations in the North American region are engaged in providing natural cosmetic products in the market to meet consumers’ demands.
The demand for cosmetic ingredients is expected to grow in the Asia Pacific region due to the increased use of cosmetics. Increased exposure to smartphones and the availability of the Internet will play an instrumental role in the market’s growth in the Asia Pacific region. As most of the population in the Asia Pacific region is aware of the benefits associated with the usage of natural cosmetics, this will create more demand for natural products in the coming years.
As the demand for luxury cosmetics is more in the European region, the market is expected to grow well in the coming years. Various cosmetics are used in makeup, oral care, skincare, and hair care or consumed on a large scale in the European market, due to which the ingredients used in the manufacturing of these cosmetics will see more demand in the coming years.
Key Players
- Ashland Global Holdings Inc.
- BASF SE.
- Clariant International Ltd.
- Croda International PLC.
- Solvay SA
- Givaudan SA
- Koninklijke DSM NV.
- Eastman Chemical Co.
- Evonik Industries AG
- Lonza Group Ltd.
Recent Development
- By the year 2026, the cosmetic products market is expected to grow to U.S. dollar 430 billion.
- Drom was acquired by Givaudan in the year 2019 in order to have a strengthened leadership for the fragrance market.
Segments covered in the report
By Source
- Synthetic ingredients
- Natural ingredients
By Ingredient
- Surfactants
- Emollients
- UV absorbers
- Antimicrobials
- Emulsify are
- Conditioning polymers
- Hair fixative polymers
- Realogy control agents
- Others
By Application
- Skincare
- Hair care
- Makeup
- Fragrances
- Toiletries
- Oral care
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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