According to a new market report published by Lucintel, the future of
the global personal care
active ingredient market looks promising with opportunities in skin
care, hair care, oral care, makeup, toiletries, and fragrance applications. The
global personal care
active ingredient market is expected to reach an estimated $5.4 billion
by 2025 with a CAGR of 4.7% from 2020 to 2025. The major drivers for this
market are the changing lifestyle, growing purchasing power, and increasing
concern of consumers regarding their appearances and hygiene.
In this market, various active ingredients,
such as moisturizing, anti-aging, UV, exfoliating, and antimicrobial are used
to manufacture wide range of personal care products. Lucintel forecasts that moisturizing
ingredients will remain the largest segment due to increasing demand of
moisturizing cream to protect against skin dehydration. Lucintel predicts that ultra violets (UV) ingredients
market is expected to witness the highest growth during the forecast period
supported by prevention of various harmful effects on skin from sun rays.
Within this market, active
ingredients for skin care application will remain the largest segment due to increasing
consumer awareness about skin care and inclination towards multifunctional skin
creams.
Natural and synthetic are two source types of active ingredients used in various personal care products.
Lucintel forecasts that synthetic will remain the largest segment due to its cost efficiency and
scalability.
Europe
will remain the largest market over the forecast period due to due to increasing
consumer awareness regarding personal care and hygiene, high standards of
living and high per capita spending. Lucintel predicts that Asia Pacific
is expected to witness the highest growth over the forecast period supported by increasing population and their
rising per capita spending on personal care products.
Emerging trends, which have a direct impact
on the dynamics of the industry, include advancement in nanotechnology for
manufacturing personal care products and improved conditioning agents used in
hair care application for personal care. BASF, Solvay, Evonik, Croda, and
Clariant are the major manufacturer of personal care active ingredient.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global personal care active ingredient market by ingredient type, application, source, and region. Lucintel has
compiled a comprehensive research report entitled “Growth Opportunities in the Global Personal
Care Active Ingredient Market 2020-2025: Trends, Forecast, and Opportunity
Analysis”. The
Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global personal care active ingredient market by ingredient type, application,
source, and region, as follows:
By Ingredient
Type [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Moisturizing
- Anti-Aging
- UV
- Exfoliating
- Antimicrobial
- Others
By
Application [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Skin Care
- Hair Care
- Oral Care
- Makeup
- Toiletries
- Fragrance
By Source
[Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Natural
- Synthetic
By Region [Value ($M) and Volume (M
lbs) shipment analysis for 2014 – 2025]:
- North America
−
USA
−
Mexico
−
Canada
- Europe
−
Germany
−
Russia
−
UK
−
Italy
−
France
- Asia Pacific
−
China
−
India
−
Japan
−
South
Korea
- The Rest of the World
−
Turkey
−
UAE
This
280-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. Lucintel offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This report answers the
following 11 key questions:
Q.1. What are some of the most promising,
high-growth opportunities for the personal care active ingredient market by ingredient
type (moisturizing, anti-aging, UV, exfoliating, antimicrobial, and others) application
(skin care, hair care, oral care, makeup, toiletries, and fragrance) source (natural
and synthetic) and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this
market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry
No comments:
Post a Comment