NEW YORK, July 15, 2015 /PRNewswire/ -- The personal care ingredients market is projected to register a CAGR of 5.4% between 2015 and 2020 to reach $17,600.0 million.
The market for personal care ingredients is estimated to grow on account of changing lifestyle and increase in spending capacity. Huge demand from Asia-Pacific region and increasing demand for multi-functional ingredients are also major driving factors driving the personal care ingredients market. The factors restraining the market growth are environmental regulations regarding the toxicity of certain personal care ingredients.
Asia-Pacific is the fastest growing region in the global personal care ingredients market. The countries dominating in the Asia-Pacific region are China, Japan, India, and South Korea. Asia-Pacific is also estimated to have the highest growth mainly due to improved lifestyle, rising disposable income, rapid urbanization and increasing consumer awareness towards healthy and hygiene lifestyle.
Surfactants is the most widely used ingredient in personal care and accounted for maximum share of the total market, in terms of value, in 2015. It is estimated to continue being the most widely used personal care ingredient till 2020. Surfactants are widely used in formulations of soaps, shampoos, toothpastes and others which are the most used personal care products. Conditioning polymers are estimated to achieve highest growth rate in the next five years. Conditioning polymers are the second most widely used personal care ingredient and have major applications in hair care products.
The report analyzes the personal care ingredients market trends and forecasts till 2020. The market size has been provided in terms of value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.
Scope of the report
This research report categorizes the global market for personal care ingredients on the basis of type market, function, and region in terms of revenues and analyzing trends in each of the sub markets.
On the basis of type: The market for personal care ingredients is segmented by type of personal care ingredients, such as as surfactants, conditioning polymers, emollients, rheology control agents, and others. Each of these types has been further described in detail in the report with revenue forecasts as well.
On the basis of application: The market for personal care ingredients is segmented by applications, such as skin care, hair care, and oral care, among others. Each application is further described in detail in the report with revenue forecasts as well.
On the basis of region: The Personal care ingredients market by type and application is segmented by key regions—Europe, North America, Asia-Pacific, and Rest of the world.
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