According to a new market report published by Lucintel, the future of the global personal care active ingredient market looks promising with opportunities in skin care, hair care, oral care, makeup, toiletries, and fragrance applications. The personal care active ingredient market is expected to reach an estimated $6 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are the changing lifestyle, growing purchasing power, and increasing concern of consumers regarding their appearances and hygiene.
In this market, various active ingredients, such as moisturizing, anti-aging, UV protection, exfoliating, and antimicrobial are used to manufacture wide range of personal care products. Lucintel forecasts that moisturizing ingredients will remain the largest segment due to increasing demand of moisturizing cream to protect against skin dehydration. Lucintel predicts that anti-aging ingredients market is expected to witness the highest growth during the forecast period supported by prevention of various harmful effects on skin from sun rays.
Within this market, active ingredients for skin care application will remain the largest segment due to increasing consumer awareness about skin care and inclination towards multifunctional skin creams.
Natural and synthetic are two source types of active ingredients used in various personal care products. Lucintel forecasts that synthetic will remain the largest segment due to its cost efficiency and scalability.
Europe will remain the largest market over the forecast period due to due to increasing consumer awareness regarding personal care and hygiene, high standards of living and high per capita spending. Lucintel predicts that Asia Pacific is expected to witness the highest growth over the forecast period supported by increasing population and their rising per capita spending on personal care products.
Emerging trends, which have a direct impact on the dynamics of the industry, include advancement in nanotechnology for manufacturing personal care products and improved conditioning agents used in hair care application for personal care. BASF, Solvay, Evonik, Croda, and Clariant are the major manufacturer of personal care active ingredient.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global personal care active ingredient market by ingredient type, application, source, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Personal Care Active Ingredient Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global personal care active ingredient market by ingredient type, application, source, and region, as follows:
By Ingredient Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Moisturizing
Anti-Aging
UV Protection
Exfoliating
Antimicrobial
Others
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Skin Care
Hair Care
Oral Care
Makeup
Toiletries
Fragrance
By Source [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 199-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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