The Cosmetic Ingredients Global Market Report 2023, provides comprehensive information on the cosmetic ingredients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global cosmetic ingredients market size is expected to grow from $29.01 billion in 2022 to $30.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.31%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cosmetic ingredients market is expected to reach $35.10 billion in 2027 at a CAGR of 5.68%.
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Product Innovations are a key trend gaining popularity in the cosmetic ingredients market. Companies operating in the cosmetic ingredients market are adopting new products to sustain their position in the market. For instance, in June 2022, Solvay S.A. a Belgium-based chemical company, introduced new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60. These biosurfactants are designed to facilitate the development of sustainable beauty care products. With a low environmental and carbon footprint. These glycolipid biosurfactants are suitable for various applications in the beauty care industry, including shampoos, conditioners, shower gels, face washes, and creams.
The cosmetic ingredients market is segmented:
1) By Ingredient Type: Synthetic Chemical Ingredients, Natural/Herbal Ingredients, Specialty Ingredients, Oleochemical, Botanical Extract, Rheology Modifier, Preservatives, Emulsifier And Stabilizer, Other Ingredient Type
2) By Functionality: Cleansing Agents And Foamers, Aroma, Moisturizing, Specialty, Other Functionalities
3) By Application: Skin Care, Oral Care, Hair Care, Make-Up, Fragrance, Other Applications
Asia-Pacific was the largest region in the cosmetic ingredients market in 2022.
The table of contents in TBRC’s cosmetic ingredients market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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