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Personal Care Active Ingredients Market

Personal Care Active Ingredients Market Valuation to Surpass US$ 3.1 Bn by 2031, Evaluates Fact.MR

Published : 16 Nov 2021 Industry: Chemical & Materials

According to the latest industry analysis on personal care active ingredients by Fact.MR, market value is US$ 1.9 Bn in 2021, and is projected to increase at a CAGR of around 5.7% over the forecast period (2021 to 2031).

Fact.MR, a market research and competitive intelligence provider, estimates personal care active ingredients market valuation to surpass US$ 3.1 Bn by 2031, attributed to factors such as increased consumption of anti-ageing cosmetic products along with rising popularity of skin lightening products, especially in the Asia Pacific region.

The outbreak of COVID-19 decelerated demand and led to major supply chain disruptions related to personal care products as a result of lockdowns. Personal Care Product Council (PCPC), a global trade association for meeting the ever-increasing demand for beauty and personal care products, is now working with the U.S. and other leading personal care active ingredient-producing countries to ensure the safety of supply chains and also making sure they remain active during the pandemic.

Key Takeaways from Market Study

  • Anti-ageing products are projected to provide an absolute $ opportunity worth US$ 105 Mn over the forecast period.
  • Based on type, demand for personal care active ingredients with botanical extracts is projected to increase at a CAGR of around 6.5% through 2031.
  • East Asia is projected to capture around 21% global market share by 2031.
  • The South Asia & Oceania market was valued at US$ 300 Mn in 2020.

“Consumer inclination to buy clean label beauty products is witnessing enormous traction owing to the benefits associated with these cosmetic products”, says the Fact.MR analyst.

Winning Strategy

Prominent manufacturers of personal care active ingredients are BASF SE, BERKEM, BGG, Clariant AG, Corum, Croda, DSM, and Evonik Industries AG.

These players are adopting aggressive growth strategies for establishing their global footprint in order to ensure that their production capacity meets increasing demand, along with their heightened presence in regional markets.

  • For instance, Croda International Plc opened two laboratories in Le Perray en Yvelines, France, and Singapore.
  • Provital Group launched a digital space 'Vital' to improve communication and synergy amongst departments and employees in order to promote innovation.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global Personal care active ingredient market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study delivers essential insights on the personal care active ingredients market on the basis of type (botanical extracts, enzymes & coenzymes, proteins & peptides, synthetic actives, biotechnology products, and marine ingredients) and product category (anti-aging, anti-acne, anti-inflammatory, skin lightening, slimming, sun care, and hair care), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemical industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: yash@factmr.com

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Personal Care Active Ingredients Market

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Personal Care Active Ingredients Market Report By Type (Botanical Extracts, Enzymes & Coenzymes, Proteins & Peptides, Synthetic Actives, Biotechnology Products, Marine Ingredients), By Product Category - Regional Forecast 2021-2031