Over the recent past, people have become more aware of personal hygiene. This has scaled the demand for personal care ingredients around the world. Moreover, the demand for functionally diverse personal hygiene products and the rise in consumer disposable income have created a positive scenario for the personal care ingredients market growth.
Changing consumer lifestyles and inclination towards wellness and beauty have translated into numerous opportunities for the enhancement of personal care ingredients. Coupled with this, individuals are actively incorporating skincare routines into their daily lifestyles. To this end, the demand for cleaning solutions, personal care products, sanitisers, and soaps has been witnessing a rampant rise.
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Use of Milder Ingredients in Personal Care Products Unfurls Positive Dynamics for Market
Time has proven the importance of mild products in the personal care domain, thus, driving the demand for gentler components. Consumer proclivities and tendencies are rapidly being reimagined and multifunctional and natural products are swiftly moving to the front line of the personal care ingredients market. Perceptively, soft products are gentle on the skin and avert the possibility of adverse effects. Alongside this, the hair care and beauty industries are actively integrating personal care ingredients in diverse products.
Among these, shampoos, serums, hair masks, and conditioners are quite prominent among consumers. Higher demand for such products is attributed to developed markets of rich economies. By implementing stringent norms, the government and other regulatory entities are also reinforcing prudent choice of ingredients for cosmetic product composition. That said, the personal care ingredients market is likely to experience promising growth, throughout the forecast period.
Need to Emulsify Personal Care Products Bodes Well for Global Market
In the personal ingredients market, the emollient segment holds significant prominence owing to its growing use in manufacturing skin care goods. These products include shampoos, deodorants, skin cleaners, and deodorants. Shea butter, lanolin, mineral oil, cocoa butter, petrolatum, and paraffin are a few popular emollients. Majorly, these emollients are used to soften the skin and create a shield on the skin’s surface, retaining skin moisture within. In hair conditioning, they add lustre and softness to formulations and lock the moisture within. To sustain consistency and homogeneity of formulations in foams, sprays, creams, and lotions, emulsifiers are witnessing sharp spikes in demand.
Rising Demand for High-End Cosmetics Paves Way for Europe's Dominance in Global Market
During the projection term, Europe is poised to sustain dominance and gain a major share in the personal care ingredients market revenue. In this region, high-end cosmetics, hair care, skin care, oral care and other products are high in demand. Natural premium-quality cosmetics and the growing willingness to pay are adding sharp spikes to the demand for personal care ingredients. The German market is also experiencing a rapid consumer inclination toward high-end cosmetics. Amid such trends, the market shall prosper in Europe.
Major Market Players
The major competitive players in the global personal care ingredients market BASF SE, The Dow Chemical Company, Solvay, Evonik Industries AG, Clariant AG, Nouryon, Croda International Plc, Lubrizol Corporation, Adeka Corporation, Air Liquide, Corbion N.V., Eastman Chemical Company, Elementis Plc, Dupont, Innospec Inc., Koninklijke DSM N.V., Merck KGAA, Momentive Performance Materials Inc., Kao Corporation, Galaxy Surfactants Ltd., Givaudan S.A., Oxiteno, Symrise AG, Stepan Company, and Wacker Chemie AG.
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