The Cosmetic Ingredients Market size is estimated to reach US$23.6 billion by after growing at a CAGR of 4.1% during the forecast period -. Cosmetics ingredients are synthetic or natural-based ingredients consisting of preservative, emulsifiers, thickener, emollient and color additives which when added to cosmetics products, perform cleansing, bleaching, moisturizing and other function. Their presence in anti-oxidant and anti-inflammatory properties of the cosmetic ingredients is having a significant influence on the growth of the Cosmetic Ingredients Market. Improvement in living standards coupled with rapid urbanization has increased cosmetics product demand, leading to their high consumption in major countries. According to the annual report of Shiseido, in , the overall annual cosmetics sales of the company increased by 7% in America. In addition, to growing consumption, new product launches and initiatives to promote oral care products are also driving the growth of the cosmetic ingredients industry. However, stringent government regarding synthetic/ chemical ingredients used in cosmetic products can hamper the demand and usage of the ingredients, thereby negatively impacting the market growth and the Cosmetic Ingredients Market size.
The &#;Cosmetic Ingredients Market Report &#; Forecast ( &#; )&#; by IndustryARC, covers an in-depth analysis of the following segments in the Cosmetic Ingredients Industry.
By Ingredient Type: Synthetic and Natural.
By Product Type: Emulsifiers, Preservatives, Thickeners, Emollients, Surfactants and Others.
By Function: Cleansing, Moisturizing, Aroma, Bleaching and Others.
By End-use Industry: Skin Care, Oral Care, Hair Care and Body Care.
By Geography: North America (the U.S., Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (the Middle East and Africa).
Figure: Cosmetic Ingredients Market Revenue Share by Geography, (%)
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The natural ingredient held the largest share in the Cosmetic Ingredients Market share in and is projected to grow at a CAGR of 4.3% during the forecast period -. Natural cosmetic ingredients such as plant extracts and starch are rich in antioxidants, fatty acid and vitamins which are easily absorbed by the skin and unlike synthetic ingredients, they provide more longevity to cosmetic products and does not create any health issues. Owing to their high performance and environment-friendly nature, the natural ingredients have high applicability as emulsifiers, emollients and preservatives. The rapid growth in the consumption of cosmetics coupled with the high demand for earth-friendly ingredients has accelerated the demand and usage of natural ingredients in the cosmetics & personal care sector, thereby contributing to the segment growth in the Cosmetic Ingredients Market.
Skincare held the largest share in the Cosmetic Ingredients Market share in and is projected to grow at a CAGR of 4.6% during the forecast period -. Cosmetic Ingredients have high applicability as emollients in skin care products due to their moisturizing, bleaching and cleansing functions as well as their ability to prevent the formation of dark skin spots and fungal infection on the skin. The rapid improvement in consumers&#; living standards and disposable income, has increased their consciousness of physical appearance, increasing consumption of skincare products. According to the quarterly reports of Proctor & Gamble, in Q4 of , the skin care product sales of the company increased by 11% in comparison to the Q4 of . Furthermore, according to the quarterly reports of Unilever, in the first half of , the sales of beauty & personal care products consisting of skin cleansing products, increased by 7.5% in comparison to sales volume in the first half of . With such growing consumption of skin care products, the demand and usage of cosmetics ingredients are also anticipated to increase, thereby contributing to the Cosmetic Ingredients Market growth during the forecast period.
Asia-Pacific held the largest share in the Cosmetics Ingredients market share in up to 40% during the forecast period -. Consumption of beauty care products especially skincare has shown a significant increase in the region, owing to the rapid development in the consumer lifestyle and growing awareness of natural cosmetics. For instance, according to the Quarterly Report of Shiseido, in the First Half of , the sales of cosmetics products of the company for men and women, saw a 9% increase in Asia-Pacific in comparison to the first half sales volume in . Furthermore, according to the statement given by L&#;Oréal, in Q1 of , the company&#;s sales of active cosmetic products saw a 13.4% increase in China in comparison to Q1 of . The growing consumption of cosmetic products in the major Asia-Pacific countries such as China is driving the market demand for cosmetic ingredients as emulsifiers and preservatives in the region, thereby stimulating the growth of the Cosmetic Ingredients Market during the forecast period.
Rapid urbanization and growing consumer awareness regarding natural ingredients have made cosmetics-making companies come up with a new product range that could cater to such needs of consumers. For instance, according to the statements of Quench Botanic, the company in May , has launched four new skincare products featuring Birch juice as the main ingredient. Also, according to the statement of sun-care brand Dune, in June , the company launched its facial sunscreen product Mug Guard which improves the looks of face lines and face discoloration. Furthermore, according to the statements given by Olay, in April , the company launched three new body-washing products featuring the vitamin B3 complex. Such product launches will create an effective usage of natural cosmetic ingredients in the cosmetics & personal sector for developing various product ranges in skincare and body care, thereby boosting the growth of the cosmetic ingredients industry during the forecast period.
Initiatives to promote Oral Care Products:
Cosmetic Ingredients besides skincare and body care, have high applicability in oral care products such as toothpaste and gel for their cleansing functions. The growing incidence of periodontal disease has made companies undertake initiatives, to promote and as well as to provide easy access to oral care products. For instance, in January , Proctor & Gamble launched an initiative in which the company aims to enable 2 billion people to adopt healthy oral care habits. Furthermore, in May , EPL and Unilever partnered together in a sustainable initiative that would enable people to have easy access to Unilever&#;s oral care products. The initiatives will create a surge in the demand as well as in the production of oral care products, thereby propelling the usage of cosmetic ingredients in their production, which will positively impact the growth of the cosmetic ingredients industry during the forecast period.
Synthetic or chemical cosmetic ingredients such as methyl, propylene glycol and sodium lauryl sulfate though are considered highly toxic to human skin and can cause cancer as well as a chapped skin condition. To prevent such negative skin effects certain regulations have been imposed by government organizations. For instance, the Australian Government&#;s National Industrial Chemicals Notification and Assessment Scheme limit chemical usage in cosmetics. Also, the EU&#;s Cosmetic Directive bans certain synthetic cosmetic ingredients to be used in cosmetics. Such regulations can hamper synthetic ingredients usage in cosmetics & personal care products which are anticipated to pose a challenge in the growth of the cosmetic ingredients industry, thereby negatively affecting the Cosmetic Ingredients Market size during the forecast period
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Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cosmetic Ingredients Market. The top 10 companies in Cosmetic Ingredients Market are:
Clariant AG
Solvay S.A.
Croda International PLC
BASF SE
Dow Chemical Company
Eastman Chemical Company
Estee Lauder Company
Ashland Global Specialty Chemicals
Lonza Group Ltd.
Wacker Chemie AG
Recent Developments
In April , Sharon Laboratories Ltd., signed an agreement to acquire the cosmetic ingredients unit of Gorla Minore of B&C S.p.A and such acquisition provides cosmetic ingredients product expansion opportunity to Sharon Laboratories.
In October , Evonik acquired Botanica and the acquisition comes as a move to increase the presence of Evonik Care Solutions in the personal care and active Cosmetic Ingredients Market.
In April , BASF SE launched Scared Patch which is an active skin care product that provides excellent skin moisturizing and will help the manufacturers to develop effective skin care products that promote emotional
well-being while addressing common signs of sensitive skin.
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