Cosmetic Ingredients Market Will Surpass USD 32.00 Billion by 2026
According to the report, The global cosmetic ingredients market in 2019 was around USD 23.00 Billion. The market is expected to grow at a CAGR of more than 5.0% and is anticipated to reach around USD 32.00 Billion by 2026.
Cosmetic ingredients are the same range of compounds that are used in makeup preparation and composition. In addition, cosmetic additives are used as a washing agent, moisturizer, and coloring agents. It is normally used to boost the physical look, which in turn makes us more confident, comfortable, and pleasant. Cosmetic ingredients are the raw materials that are used worldwide in the manufacture of personal care products. Those ingredients may be used as an anti-fungal agent, anti-aging agent, skin healing agent, among others in skincare products.
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The global cosmetic ingredients market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for multifunctional ingredients for skincare as well as personal care products is likely to act as a key driver of the global cosmetic ingredients market.
The cosmetic ingredients market is segmented based on type, application, and region. In terms of type, the market segment is sectored into surfactants, conditioning polymers, emulsifiers, emollients, antimicrobials, UV absorbers, antioxidants and preservatives, rheology modifiers, and others. In terms of application, the market segment is sectored into skincare, haircare, makeup, oral care, and others.
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Key players operating in the cosmetic ingredients industry are Actives International LLC, Akzo Nobel N.V., Archer Daniels Midland Company, Ashland Global Specialty Chemicals Inc., BASF SE, Clariant AG, COBIOSA, Croda International Plc, DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Innospec Inc., INOLEX Inc., Kao Corporation, Kolmar BNH Co Ltd., Lonza Group, Novacap Group (SEQENS), Solvay SA, and The Dow Chemical Co, among others.
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