NEW YORK, June 22, 2015 /PRNewswire/ -- Use this report to:
Learn more about industry competitors.
Assess new products and technologies.
Identify potential market entrants into the cosmetic ingredient business.
Analyze various chemicals and other ingredients used in these cosmetic and toiletry
products.
Highlights
The global market for functional ingredients used in cosmetic and toiletry products is expected to grow to $22.7 billion in 2015. This market is forecast to grow at a compound
annual growth rate (CAGR) of 4.7% from $23.8 billion in 2016 to nearly $30.0 billion in 2021. Specialty additives as a segment will grow from $4.7 billion in 2016 to nearly $6.0 billion in 2021 at a CAGR of 4.7% for the period 2016-2021. Active ingredients as a segment will grow from $2.6 billion in 2016 to $3.3 billion by 2021, increasing at a CAGR of 4.8% for the period 2016-2021.
INTRODUCTION
Global economic conditions affect all the markets for industrial goods, including the market for cosmetics and toiletries. Recently there have been successive upheavals in
the world economy. These upheavals affect industrialized countries more than the emerging economies such as China, India and Brazil. Consumers in these countries are
generally not subject to credit squeezes as those in developed countries during such economic crisis. The cosmetics and toiletries market in these countries promise
dynamic growth in the coming years, cushioning the downward trend in the developed countries. Thus, the overall market for cosmetics and toiletries seems to be poised for
some modest growth in the coming years.
STUDY GOALS AND OBJECTIVES
There are thousands of ingredients used in the formulation of cosmetic and toiletry products, including numerous chemicals and biological ingredients. The basic
composition of any cosmetic product is often similar, but the formulators change the ingredients depending on the final market and the customers' preferences. This report
will analyze the various chemicals and other ingredients used in these cosmetic and toiletry products, and also study the global market as well as the regional markets for
the major ingredients used in cosmetic and toiletry products. It will also forecast the future demand for these ingredients. There are various new developments in the
technology used to manufacture these ingredients, and the report will study these developments and the future expected technological trends.
REASONS FOR DOING THIS STUDY
Continuous improvements are being made in the quality of cosmetic and toiletry products as the major manufacturers try to keep pace with consumer preferences and
market needs. Also, companies are developing new ingredients and methods to stay ahead of the competition. Demand for various ingredients varies, depending on the
growth of different products developed from new research on ingredients. Thus, there is need for a report that takes these constant changes into account and updates the
global market consumption figures for the various ingredients.
SCOPE AND FORMAT
This report studies both the global market and the regional markets for ingredientsused in the cosmetics and toiletries industries. It also analyzes these markets by
application and major material types. New patents and technological developments covered by these patents indicate the dynamic nature of the industry, and an analysis
of these patents has been made in the report. As the newer ingredients increase in number, various regulatory and environmental issues are arising, and these issues
must be addressed. A study of the existing regulations is presented in this report. Profiles of major end-user companies are also included, along with their market shares
in their respective operational segments.
CONTRIBUTION OF THE STUDY AND INTENDED AUDIENCE
This report is intended to provide information for:
Cosmetic ingredient manufacturers.
Cosmetic ingredient suppliers.
Cosmetic ingredient distributors.
Specialty chemical manufacturers.
Potential market entrants into the cosmetic ingredient business.
Industry advisers to cosmetic ingredient manufacturers.
This report can also help interested persons to:
Determine the market and sales potential for new formulations.
Learn more about industry competitors.
Assess new products and technologies.
Identify companies for mergers and acquisitions.
Make more informed business decisions.
INFORMATION SOURCES
Both primary and secondary research methods were used in this study. Primary information sources included individuals within companies, various research organizations, governmental agencies and trade associations.
Secondary research included an extensive review of the literature, including trade journals, seminar proceedings, patent literature, company literature, published reports
and government publications. Additional secondary research sources included databases, trade literature, specialized journals and government statistics.
Read the full report: http://www.reportlinker.com/p03036939-summary/view-report.html
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