What Are the Present and Predicted Movements in the Cosmetic Chemicals Market?
The cosmetic chemicals market has seen substantial growth in recent years, taking its value from $20.06 billion in 2024 to a predicted $21.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.9%. Factors such as changing beauty standards, urbanization, marketing strategies, governing regulations and safety standards have fuelled strong growth in the historic period.
Looking forward, the cosmetic chemicals market is set to expand even further, reaching a striking $27.98 billion in 2029 at a CAGR of 7.1%. This growth is expected due to an increasing emphasis on natural and organic products, health and wellness trends, global economic and demographic changes, and regulatory compliance and safety standards. The forecast period also predicts major trends such as the rise of clean beauty, personalization, sustainable packaging and practices, and inclusivity and diversity.
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What Factors Are Driving the Cosmetic Chemicals Market Growth?
A surge in popularity for hair and skin care products has significantly propelled growth in the cosmetic chemicals market. These products, which include antiseptics, tonics, lotions, and creams, are crucial for enhancing, protecting, and altering the appearance of the body. The increasing demand for these products fuels the use of cosmetic chemicals as major ingredients. For instance, in September 2023, according to Circana LLC, beauty industry sales rose by 25%, with fragrance sales increasing by 24%, skincare by 17%, and the hair category by a significant 27% compared to 2021.
What Are the Major Segments Within the Global Cosmetic Chemicals Market?
The cosmetic chemicals market can be segmented as follows:
• By Product Type: Surfactants, Emollients and Moisturizers, Colorants and Pigments, Preservatives, Emulsifying and Thickening Agents
• By Application: Perfumes and Fragrances, Hair Care and Skincare, Color Cosmetic Chemicals, Other Applications
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Which Companies Are Dominating the Cosmetic Chemical Market?
Prominent players in the cosmetic chemicals market include Dow Chemical Company, Givaudan SA, Ashland Global Holdings Inc., Eastman Chemical Company, Lonza Group Limited, BASF SE, Lanxess AG, P&G Chemicals, Solvay SA, Evonik Industries AG, Bayer AG, Croda International PLC, Stephan Company, Symrise AG, Cargill Inc., Lubrizol Corporation, and others.
What Emerging Trends Are Identified in the Cosmetic Chemicals Market?
Product innovation is a key trend gaining popularity in the cosmetic chemicals market. Companies are developing innovative products to strengthen their market positions. For instance, in February 2022, Merck & Co. Inc. launched two new cosmetic ingredients, RonaCare Baobab and RonaCare Hibiscus, derived from nutrient-rich superfoods beneficial for skin health.
Which Region Is Experiencing the Most Substantial Growth in the Cosmetic Chemicals Market?
North America represented the largest region in the cosmetic chemicals market in 2024, followed by the Asia-Pacific region, predicted to be the fastest-growing region in the upcoming years. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Cosmetic Chemicals Market Report 2025 Offer?
Cosmetic chemicals, blends of chemical compounds sourced from both synthetic and natural origins, form the principal ingredients in personal care or cosmetic products. The Cosmetic Chemicals Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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