Substances and materials that can retain moisture play a pivotal role in production of cosmetics. Commonly known as humectants, these substances ensure that ingredients in the cosmetic product penetrate the human skin and effectively serve their purpose. The transepidermal absorption and retention of humectants helps in maintaining the required moisture content in cosmetic products. In the view of growing incidence of skin disorders and changing weather conditions, the demand for humectants is pegged to gain traction in the cosmetics industry. In the near future, humectants are likely to find application in the production of several other consumer goods including tobacco products.
Fact.MR’s latest forecast report estimates that during the period, 2017-2026, the global humectants market is assessed to expand at a 3.8% CAGR in terms of volume. The report also estimates that by the end of 2026, humectants worth over US$ 4.4 Bn will be sold across the globe. The report has addressed several factors influencing the dynamics of the global humectants market through 2026. Key highlights from the report have been revealed as:
4 Key Insights from the Report
The report has profiled leading producers of humectants, which include companies such as Cargill, Archer Daniels Midland Company, The Dow Chemical Company, Roquette Frères, E. I. du Pont de Nemours and Company, BASF SE, Ingredion Incorporated, The Lubrizol Corporation, VMP Chemiekontor GmbH, Wuhan Sanjiang Space Gude Biotech Co., and Vantage Specialty Ingredients, Inc. These players are expected to instrument the global humectant production in the year to come. Majority of humectant producing companies will be focusing on increasing the moisture retention properties of their products. Complexities emerging in the global humectant supply chain and raw material procurement will continue to challenge the production in the global humectant market through 2026.