Consumer Preference for Bio-Based Skin Care Positions Personal Care Active Ingredients Market to Surpass US$ 3.1 Bn by 2031
Sales of Anti-Ageing Products to Create Over US$ 105 Mn Incremental Opportunity in Personal Care Active Ingredients Market
Fact.MR's latest report on personal care active ingredients market presents a thorough study of drivers, latest trends, and restraints that are expected to influence its growth trajectory through 2031. It uncovers various emerging opportunities across leading segments in terms of type and product category.
NEW YORK, Nov. 18, 2021 /PRNewswire/ -- As per latest Fact.MR analysis, the global personal care active ingredients market size is expected to reach US$ 1.92 Bn by the end of 2021. Overall consumption of personal care active ingredients is projected to increase at 5.7% CAGR, with valuation reaching around US$ 3.1 Bn by 2031.
With flourishing personal care industry, global consumption of personal care active ingredients is slated to surpass 380 KT by 2031.
Increasing use of personal and beauty care products, growing consumer awareness about benefits of organic personal care, and rising living standard are some of the factors driving the personal care active ingredients market.
Active ingredients are active substances present in a product that helps in directly achieving the performance objectives of the final products. These ingredients are designed to deliver the benefits such as anti-ageing and anti-fungal in skin care that are commonly advertised on the label of the product packaging.
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The rising inclination towards organic personal care products has ushered in a new ray of hope in personal care active ingredients market. People are showing keen interest in beauty products containing natural ingredients. High demand for botanically extracted personal care active ingredients will help the market gain traction in the coming years.
Anti-ageing products will continue to dominate the personal care active ingredients market, creating over US$ 105 Mn incremental opportunity by 2031. Rising geriatric population besides higher awareness about importance skin care to prevent early signs of aging will fuel demand for in this category.
Regionally, North America will hold around 22% of total personal care active ingredient revenue share in 2021. Growth in the region is attributable to the rising consumer awareness about advanced personal care and presence of leading personal care companies.
"With improved living standards, consumers have become better aware about the importance of moisturizing, hydrating, and anti-aging ingredients in their personal care. This is expected to create a plethora of opportunities for the beauty brands and personal care product manufacturers in the future," says a Fact.MR analyst
Key Takeaways from Personal Care Active Ingredients Market Survey
Leading manufacturers operating in the personal care active ingredients market are focusing on deriving personal care active ingredients from organic substances. They have adopted various organic and inorganic growth strategies such as mergers, partnerships, new product launches and collaborations to expand their global footprint.
In January 2020, BASF launched new skin care active ingredients including zhydagen Aquaporin, Hydrasenysl Glucan and Inolixir. The company showcased its new ingredients at Cosmet'Agora in Paris on January 14 and 15.
In November 2021, Sanam Company and Flora Reserve announced the launch of first-of-its kind Naox Derma Triple Antioxidant Concentrate skincare active technology.
In April 2021, BASF launched new skin care active ingredient "Sacred Patch" that helps to boost emotional well-being. Sacred Patch® demonstrates outstanding moisturization results, soothes sensitive skin, and helps to stimulate the release of the wellness mediator oxytocin.
Some of the prominent players operating in the personal care active ingredients market profiled by Fact.MR are:
More Insights on the Global Personal Care Active Ingredients Sales Outlook
Fact.MR provides an unbiased analysis of personal care active ingredients market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for personal care active ingredients with a detailed segmentation on the basis of:
Enzymes & Coenzymes
Proteins & Peptides
Quat & Native Proteins
Vitamin A and Derivatives
Vitamin B and Derivatives
Vitamin C and Derivatives
Vitamin E and Derivatives
Substantiated Algae Extra
Skin Lightening Products
Sun Care Products
Hair Care Products
Key Questions Covered in the Personal Care Active Ingredients Market Outlook Report
The report offers insight into personal care active ingredients demand outlook for 2021-2031
The market study also highlights projected sales growth for personal care active ingredients market between 2021 and 2031
Personal care active ingredients market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Personal care active ingredients market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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