NEW YORK, July 11, 2016 /PRNewswire/ --
Cosmetics Ingredients Market Analysis: Surfactant Segment is Estimated to Account for More Than 25% Share of the Market by 2016 end, With a Healthy Growth Rate During the Forecast Period and Driven by Increasing Demand for Specialty Products Such As Anti-ageing and Sun Care Across the Globe: Persistence Market Research
Persistence Market Research in its recent outlook titled, "Cosmetics Ingredients Market: Global Industry Analysis and Forecast 2015 - 2025", projects that the global cosmetics ingredients market revenue will expand at a considerable CAGR of 4.5% during the forecast period.
In terms of revenue, the global cosmetics ingredients market accounted for US$ 14.1 Bn in 2014, which is projected to increase two-fold to reach US$ 22.7 Bn by 2025. Growth of the global cosmetics ingredients market is driven by rising beauty awareness and extensive research and development for enhanced and innovative cosmetic products resulting in introduction of innovative cosmetic ingredients. Other trends driving growth of the cosmetics ingredients market include rapid urbanisation in developing countries and development of new and innovative products by various players in the market.
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On the basis of product type, the market is segmented into surfactant, emollient, polymer, oleochemical, botanical extract, rheology modifier, preservatives, emulsifier and stabiliser and others (vitamin and minerals). The surfactant segment is expected to account for 27.6% share of the global cosmetics ingredients market by 2015 end, and register a CAGR of 3.4% in terms of value over the forecast period.
On the basis of application, the cosmetics ingredients market is segmented into skin care, hair care, make up, fragrance, oral care and others including shaving and toiletries. The skin care segment is expected to account for 31.2% share of the global cosmetics ingredients market by 2015 end, and is expected to register highest CAGR of 5.0% in terms of value over the forecast period.
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On the basis of functionality, the cosmetics ingredients market is segmented into cleansing agents & foamers, aroma, moisturising, specialty, other includes colour. The specialty segment is expected to account for 15.5% share of the global cosmetics ingredients market by 2015 end, and is expected to register highest CAGR of 5.6% in terms of value over the forecast period.
This report covers trends driving each segment and offers analysis and insights regarding the potential of the cosmetics ingredients market in specific regions. Western Europe is expected to dominate the cosmetics ingredients market with 28.0% market share by 2015 end. However, APEJ is expected to record highest CAGR during the forecast period.
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Key manufacturers identified in the global cosmetics ingredients market include BASF SE, Akzo Nobel N.V., Croda International Plc., The Dow Chemical Company and Eastman Chemical Company. Key end-use companies identified for cosmetics ingredients include L'Oréal International, Unilever, The Estée Lauder Companies Inc., COTY Inc. and Colgate-Palmolive Company.
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