Nanomaterials in cosmetics and personal care refer to substances developed at the nanoscale, typically between 1 and 100 nanometers in size, and incorporated into various beauty and personal care products. These nanomaterials offer unique properties such as enhanced absorption, improved stability, and increased efficacy, enabling manufacturers to develop innovative formulations with desirable cosmetic benefits.
Sizing and Forecast
The nanomaterials in cosmetic and personal care market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to enhanced product performance, innovations in drug delivery systems, consumer demand for high-quality products, regulatory and safety developments, and advancements in nanotechnology research.
The nanomaterials in cosmetic and personal care market size is expected to see rapid growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to advancements in nanotechnology, consumer demand for high-performance products, rising awareness of skin health, growing trend of personalized beauty products, and regulatory developments and safety standards. Major trends in the forecast period include enhanced delivery systems, sunscreens and UV protection, anti-aging products, eco-friendly and sustainable nanomaterials, and improved product stability.
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Segmentation & Regional Insights
The nanomaterials in cosmetic and personal care market covered in this report is segmented –
1) By Product: Inorganic Nanomaterials
2) By Material: Metal-Based Nanomaterials, Mineral-Based Nanomaterials, Polymer-Based Nanomaterials
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Specialty Stores, Online Retail
4) By End-User Industry: Cosmetic And Personal Care, Skincare, Haircare, Makeup, Other End-User Industries
North America was the largest region in the nanomaterials in cosmetic and personal care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials in cosmetic and personal care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in the aging population is expected to propel the growth of nanomaterials in cosmetic and personal care markets going forward. The rise in the aging population is driven by lower birth rates and increased life expectancy due to advancements in healthcare and improved living conditions. Nanomaterials in cosmetic and personal care products for the aging population offer targeted delivery of active ingredients, enhancing skin rejuvenation and combating signs of aging while minimizing potential irritation or side effects. For instance, in October 2022, according to the World Health Organization, a Switzerland-based international public health organization, one-sixth of the global population will be aged 60 years or older, marking an increase from 1 billion in 2020 to 1.4 billion by 2030. Moreover, the number of individuals aged 60 years and older will double to 2.1 billion, with the population aged 80 years or older expected to triple by 2050, reaching 426 million. Therefore, the rise in the aging population is driving the growth of nanomaterials in cosmetic and personal care markets.
Key Industry Players
Major companies operating in the nanomaterials in cosmetic and personal care market are Johnson & Johnson, Christian Dior SE, Procter & Gamble Company, L’Oréal S.A., Chanel Inc., Shiseido Company, Limited, Croda International plc, Lancôme, Nippon Fine Chemical Co. Ltd., Creative Biostructure, Lucas Meyer Cosmetics Canada Inc., Nikko Chemicals Co. Ltd., Anna Pegova, Dermazone Solutions Inc., Lipoid Kosmetik AG, Zelens, Nanovec, Lipotec S.A., Lipomize SRL, BioSpectrum Inc., CD Bioparticles, kyowa pharma chemical co. ltd., Phenbiox Srl
The nanomaterials in cosmetic and personal care market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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