Personal Care Active Ingredient Market to Experience Downturn amid COVID-19 Pandemic
Strong growth in the cosmetics & personal care market is set to fuel demand for personal care and active ingredients. The trend of premiumization of beauty products is driving growth within the overall personal care industry, owing to improving life styles in emerging markets. Flourishing sales of personal care products has a direct impact on the growth of personal care active ingredients market.
Furthermore, heightened penetration of organized retail along with progressive e-commerce platforms are anticipated to drive demand for personal care active ingredients. Based on the aforementioned factors, the global personal care active ingredients market is poised to grow at a modest CAGR of 5.5% over the forecast period (2020-2030).
However, the outbreak of COVID-19 is impacting demand for global personal care products, attributed to nation-wide lockdowns and disrupted supply chains. China and U.S. are major consumers of personal care products. Imposition of lockdowns in these regions along with other developing countries such as India and Japan has hampered sales of personal care active ingredients.
Botanically Extracted Personal Care Active Ingredients to account for Lion’s Share
Botanical extracts holds a prominent share in the global personal care active ingredients market. Such growth is attributed to increased consumption of natural actives and favorable government policies across the globe. Moreover, botanical extracts and marine ingredients amongst other active ingredient types are likely to witness high growth of around 7% in the forecast period. Such growth is attributed to rising demand for natural ingredients in personal care product formulations and favorable government policies on the utilization of natural active ingredients.
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Anti-aging Products in Personal Care Industry to Drive Demand in Forecast Period
Around 40% of the U.S., Europe, and Japan's population is over 50 years old. Consequently demand for customized personal care products to reduce signs of aging is witnessing an upward trend. In addition, younger consumers focused on preventing and delaying aging are driving innovation for a wide range of age-related products. Anti-aging segment holds more than half of the market share in the global personal care active ingredients market. Increase in consumption of anti-aging products is a key growth engine of personal care active ingredient market.
Europe to remain Dominant in Personal Care Active Ingredient Market, North America to Showcase Impressive Growth
Europe personal care active ingredient market stands at US$ 510 Mn and is seen as the most lucrative market for revenue generation. By age group, the average per capita spending by women aged 45 and above is around 70% of the total European market. Eastern Europe is a developing market with enormous growth opportunity for market players, whereas Western Europe has reached maturity.
Furthermore, North America is expected to grow at an impressive growth rate. Despite anti-aging products enjoying market dominance, sun-care products are poised to grow at the highest CAGR during the forecast period.
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Expansion of Product Line and Innovative Solutions to remain Key Strategy of Global Players
The prominent players of personal care active ingredient manufacturers are focusing on the expansion of their product line to meet demand associated with different applications and segments. For instance, BASF launched the bioactive ingredient “Inolixir”, the active ingredient naturally extracted from chaga mushroom, obtained from subcritical, water extraction and ecofriendly technology. Clariant Active Ingredients launched active skincare ingredient B-Circadin.
About the Report
Fact.MR published an exclusive forecast report for personal care active ingredient market between 2020 and 2030. The foremost objective of this report on personal care active ingredient market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the personal care active ingredient market.
Also, the study on personal care active ingredient market addresses key dynamics, which are expected to diversify the sales and future prominence of personal care active ingredient market.
The report on personal care active ingredient market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of personal care active ingredient market elaborating on the key segments.
Also, the report outlines visionary insights on dynamics personal care active ingredient market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for personal care active ingredient.
Supply chain analysis and pricing analysis of personal care active ingredient market along with the difference between personal care active ingredients used as per applications have also been included in the report to help the readers clearly understand the product framework map in personal care active ingredient market.
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Global personal care active ingredient Market Segmentation
Fact.MR has studied the global personal care active ingredient market with detailed segmentation on the basis of type, product category, and key regions.
- Botanical Extracts
- Enzymes & Coenzymes
- Proteins & Peptides
- Synthetic Actives
- Biotechnology Products
- Marine Ingredients
- Skin lightening
- Sun Care
- Hair Care
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Global Personal Care Active Ingredient Market- Scope of the Report
The recent study by Fact.MR on global personal care active ingredient market offers a 10-year forecast between 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of global personal care active ingredient market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of global personal care active ingredient. The study also provides dynamics that are responsible for influencing the future status of the global personal care active ingredient market over the forecast period.
A detailed assessment of global personal care active ingredient value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the Global personal care active ingredient market along with their exhaustive analysis enhances the reliability of this comprehensive research study.
Global personal care active ingredient Market: Report Summary
The study offers a comprehensive analysis on diverse features including product portfolio, demand, product developments, revenue generation and sales in global personal care active ingredient market across the globe.
A comprehensive estimate on global personal care active ingredient market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of global personal care active ingredient during the forecast period. Price point comparison by region with global average price is also considered in the study.
Global personal care active ingredient Market: Analysis on Market Size Evaluation
Global personal care active ingredient market has been analyzed for each market segment, in terms of volume (Kilo Tons) and value (US $ Mn).
Market estimates at global and regional levels for global personal care active ingredient is available in terms of “US$ Mn” for value and in “Kilo Tons” for volume. A Y-o-Y growth contrast on prominent global personal care active ingredient market segments, along with the market attractiveness evaluation has been incorporated in the report.
Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global personal care active ingredient market.
Global personal care active ingredient Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the global personal care active ingredient report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of global personal care active ingredient market during the forecast period.
Country-specific valuation on demand for global personal care active ingredient has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Global personal care active ingredient Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the global personal care active ingredient along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of the global personal care active ingredient, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.
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