The global personal care active ingredient market is projected to reach $6.0 billion by 2027, at a CAGR of 5.4% during 2022-2027. The growth of personal care active ingredient market is driven by changing lifestyle, growing purchasing power, and increasing concern of consumers regarding their appearances and hygiene.
Some of the Key Questions answered in this exclusive report are:
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 protection,
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 What are the
business risks and threats to the personal care active ingredient market?
Q.4 What are some
changing demands of customers in the personal care active ingredient market?
Q.5 What are the new
developments in the personal care active ingredient market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this personal care active ingredient area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this personal care active
ingredient market?
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.
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Market Segmentation:
Based on ingredient
type, the personal care active ingredient market is segmented into moisturizing,
anti-aging, uv protection, exfoliating, antimicrobial, and others. The moisturizing
segment is accounted for the largest share of the market in 2021 due to its
various properties of prevention from different type of skin related issues
such as flaky, dry and scaly skin.
Europe is expected to be
the largest region during the forecast period due to due to increasing consumer
awareness regarding personal care and hygiene, high standards of living and
high per capita spending and 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.
Key Players in the personal
care active ingredient market are BASF, Solvay, Evonik, Croda, Clariant and
others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/personal-care-active-ingredient-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It 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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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