The global cosmetic ingredients market at a CAGR of over 7% during the forecast period
NEW YORK, July 30, 2019 /PRNewswire/ --
Global Cosmetic Ingredients Market: About this market
Cosmetics ingredients comprise of natural, organic, synthetic and artificial ingredients that are required to make cosmetic products. This cosmetic ingredients market analysis considers sales its applications such as perfumes and fragrances, hair care and skin care, color cosmetics, and other cosmetic ingredients. Our analysis also considers the sales of cosmetic ingredients in APAC, Europe, MEA, North America, and South America. In 2018, the perfumes and fragrances segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing willingness of consumer on personal grooming and the rising demand for personalized fragrances will play a significant role in the perfumes and fragrances segment to maintain its market position. Also, our global cosmetic ingredients market report also looks at factors such as growing demand for natural and organic cosmetics ingredients, the rising popularity of multifunctional cosmetics, and new ingredient development. However, stringent regulations, growing consumer awareness about the health implications of synthetic ingredients, and the threat of toxic ingredients found in counterfeit cosmetics may hamper the growth of the cosmetic ingredients industry over the forecast period.
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Global Cosmetic Ingredients Market: Overview
Growing demand for natural and organic cosmetic ingredients
Owing to the rising awareness about the benefits of natural cosmetic ingredients, several cosmetics companies have started offering a range of skin care and hair care products that contain natural and organic ingredients. These natural products are manufactured from ethically and sustainably sourced ingredients and target the growing demand for organic and natural cosmetics. This demand for natural and organic cosmetic ingredients will lead to the expansion of the global cosmetic ingredients market at a CAGR of over 7% during the forecast period.
The growing prominence of clean labeling in cosmetic formulations
The growing trend of clean labeling in cosmetics has significantly reduced the adoption of artificial and synthetic ingredients over the last few years. Subsequently, vendors are opting for organic and ingredients. Cosmetic companies are increasingly emphasizing the use of natural ingredients to promote clean labeling and transparency in the formulation of cosmetics. Thus, these factors are expected to further encourage R&D activity among vendors for the development of eco-friendly ingredients which in turn, will drive the growth of the market during the forecast period.
Competitive Landscape
With the presence of several major players, the global cosmetic ingredients market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cosmetic ingredients vendors, that include BASF SE, Eastman Chemical Co., Evonik Industries AG, Koninklijke DSM NV, and Solvay SA.
Also, the cosmetic ingredients market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Read the full report: https://www.reportlinker.com/p04706440/?utm_source=PRN
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