A recent report published by Infinium Global Research on cosmetic ingredients market provides in-depth analysis of segments and sub-segments in global as well as regional cosmetic ingredients market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional cosmetic ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global cosmetic ingredients market. According to the report the global cosmetic ingredients market is projected to grow at a CAGR of 5.3% over the forecast period of 2018-2024.
Cosmetics ingredients come from a variety of sources but, unlike the ingredients of food, cosmetic ingredients are not often given importance by most of the consumers. Cosmetics often use vibrant colors that are derived from a wide variety of sources, ranging from natural sources to synthetic material developed in a lab. Cosmetic ingredients are primarily used as moisturizing agents, cleansing agents, and coloring agents.
Global Cosmetics Ingredients market is showing a positive trend of development around the globe. Global Cosmetics Ingredients market is basically driven by various factors such as self-desire to look attractive and young forever, to reduce the adverse effect of pollution on the skin, societal effect on consumers, increasing consumer spending in color cosmetics, etc. Furthermore, development of innovative cosmetic products, technological advancement in cosmetics ingredients, the growing trend of fusion of organic and inorganic ingredients for better result and its easy availability around consumers through multiple sales channel, etc. are anticipated to further boost the market of cosmetics ingredients globally.
On the basis of region, the global cosmetics ingredients market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the global cosmetics ingredients market during the forecasted period. In Asia-Pacific, use of color cosmetic products is expected to increase, during the forecasted period due numerous factors such as rising disposable income, increasing demand of cosmetic products among young couples, growing disposable income among middle class family, increasing economic independence among women in rural and urban areas, personal factors, functional factors and social factors.
The report on global cosmetic ingredients market covers segments such as type, function and end user. On the basis of type, the global cosmetic ingredients market is categorized into surfactants, polymers, emollients, antioxidants and preservatives, rheology modifiers and others. On the basis of function the global cosmetic ingredients market is categorized into a cleansing agent, moisturizing agent, a coloring agent, and others. On the basis of end user the global cosmetic ingredients market is categorized into skin care, hair care, makeup, oral care, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2018-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global cosmetic ingredients market such as The Dow Chemicals, AkzoNobel, Croda International, Clariant AG, Lonza Group, Solvay SA, Innospec Inc., Evonik Industries AG, Ashland Inc. and BASF SE (Germany).
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global cosmetic ingredients market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cosmetic ingredients market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the cosmetic ingredients market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the cosmetic ingredients market to understand the present and future trends in this market and formulate their strategies accordingly.