Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Personal Care Specialty Ingredients Market Size is Expected to Grow from USD 13.49 Billion in 2023 to USD 24.51 Billion by 2033, at a CAGR of 6.15% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Personal Care Specialty Ingredients Market Size, Share, and COVID-19 Impact Analysis, By Product (Active and Inactive), By Application (Skin Care, Hair Care, Oral Care, Color Cosmetics, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The global personal care specialty ingredients market refers to the industry that focuses on creating, manufacturing, and distributing high-performance ingredients for use in cosmetics, skincare, haircare, and dental care products. These components, which are necessary to improve the performance, texture, stability, and efficacy of the product, include emollients, surfactants, emulsifiers, active compounds, conditioning agents, and UV filters. In recognition of consumer demands for cutting-edge, premium cosmetic products, specialty ingredients are developed to provide specific benefits, including anti-aging, hydration, UV protection, and whitening of the skin. Key driving factors for the growth of the personal care specialty ingredients market include the increasing demand from consumers for multipurpose, high-performing personal care products growing consciousness of the health of the skin and hair; a predilection for sustainable and natural ingredients; and continuous advancements in formulation technology by producers to maintain up with shifting wellness and beauty trends. However, the high price of specialized ingredients, especially those supplied responsibly, organically, or organically. Increased product prices may result from this, rendering products less accessible to price-sensitive consumers, especially in underdeveloped nations.
The inactive segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of product, the global personal care specialty ingredients market is divided into active and inactive. Among these, the inactive segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to improved product efficacy, compatibility with a variety of formulations, and rising customer demand for multipurpose, natural, high-performance skincare and haircare products that satisfy particular beauty demands.
The skin care segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of application, the global personal care specialty ingredients market is divided into skin care, hair care, oral care, colour cosmetics, and others. Among these, the skin care segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment growth is driven because the demand for skincare products that provide protection, restoration, and long-term benefits for healthier, radiant skin continues to be pushed by urbanization, pollution, harmful UV exposure, and hectic individuals all of which are contribute to consumers' increasing focus on skin health.
Asia Pacific is anticipated to hold the largest share of the global personal care specialty ingredients market over the predicted timeframe.
Asia Pacific is anticipated to hold the largest share of the global personal care specialty ingredients market over the predicted timeframe. The regional market growth can be attributed to rising disposable incomes, an increase in skincare and haircare, and an increasing need for at-home beauty treatments. Additionally, continuous investigation and creation by entrepreneurs in nations like China, India, and Vietnam, with an emphasis on creating goods utilizing substances that are available locally, encourages innovation and ultimately increases market demand and competitiveness.
North America is expected to grow at the fastest CAGR in the global personal care specialty ingredients market during the forecast period. The segment growth is driven by changing customer preferences toward moisturizing and UV protection treatments, particularly in Mexico and the United States. Sales of personal care products are predicted to rise significantly in the area due to growing consumer awareness of skin health, the adverse impacts of UV radiation, and the growing need for products that provide protection and hydration.
Company Profiling
Major vendors in the global personal care specialty ingredients market are Vantage Specialty Chemicals, Naturex, Adina Cosmetic Ingredients Ltd., Avenir Ingredients Pty Ltd., Cosmetic Ingredients, Lotioncrafter, Treatt Plc, Akott Evolution S.r.l., Symrise, CLARIANT, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global personal care specialty ingredients market based on the below-mentioned segments:
Global Personal Care Specialty Ingredients Market, By Product
Global Personal Care Specialty Ingredients Market, ByApplication
Global Personal Care Specialty Ingredients Market, Regional
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