November 20, 2019
According to the latest study titled ‘Global Personal Care Ingredients Market: Analysis By Type (Emollients, Surfactants, Conditioning Polymers, Emulsifiers, Others), By Application, By Region, By Country (2018 Edition): Forecast to 2023 - By Application (Skin care, Hair care, Oral Care, Toiletries, others), By Region (N. America, Europe, APAC, ROW), By Country (U.S., Mexico, Canada, United Kingdom, Germany, France, China, Japan, India, ROW)’ available with Market Study Report LLC, the global personal care ingredients market is estimated to grow with a CAGR of 3.27% through the year 2023.
The growth of personal care ingredients market is propelled by factors such as surging importance of personal grooming among consumers, growing investment by major manufacturers in retail outlets, rising per capita income, expanding economy, increasing young population across the world as well as increased awareness through advertisement.
The study examines the market for revenue shares of each segment and offers information about the growth patterns. It analyses the competitive landscape of personal care ingredients market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics influencing the industry growth is also given in the report.
Based on type, personal care ingredients market is segmented into surfactants, emollients, emulsifiers, conditioning polymers, and others. The report cites that surfactants and emollients segments will encounter noteworthy growth over the forecast period, pertaining to higher number of working women and inclination of young men and women towards grooming products.
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Speaking of application spectrum, the industry is bifurcated into hair care, skin care, oral care, toiletries, and others. While considering the geographical landscape, the global personal care ingredients market is fragmented into regions including Europe, North America, Asia Pacific, and the rest of the world, with key focus on countries like U.S., Canada, Mexico, U.K., France, Germany, Japan, China, and India. APAC personal care ingredients market registered the largest regional share in 2018, claims the report.
Some of the vendors that operate in personal care ingredients market are The Dow Chemical Company, BASF SE, Ashland Global Holdings Inc., Evonik Industries AG, Croda International Plc., Solvay SA, Lonza Group Ltd., Clariant AG, and Akzo Nobel N.V.
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