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Personal Care Active Ingredients Market

Personal Care Active Ingredients Market

Personal Care Active Ingredients Market Report By Type (Botanical Extracts, Enzymes & Coenzymes, Proteins & Peptides, Synthetic Actives, Biotechnology Products, Marine Ingredients), By Product Category (Anti-aging Products, Anti-Acne Products, Anti-inflammatory Products, Skin Lightening Products, Slimming Products, Sun Care Products, Hair Care Products) - Regional Forecast 2021-2031

Personal Care Active Ingredients Market

Market Snapshot

Personal care active ingredients market value to reach US$ 1.9 Bn by 2021-end, and account for 16.6% of overall personal care ingredients sales value. Meanwhile, personal care active ingredient consumption is projected to increase at a CAGR of around 5.7% over the decade while being valued at US$ 3.1 Bn by 2031, evaluates Fact.MR.

Global consumption of personal care active ingredients stood at around 226.2 KT in 2020, accounting for 18.4% of total personal care ingredient consumption, which is poised to increase at a CAGR of around 5.3% with consumption standing of 380 KT by 2031.

Growth is attributed to rising sales of product categories under as skin care, hair care, and facial treatment, where consumption of active ingredients will remain high over the coming years.

Personal Care Active Ingredients Market Size (2020) US$ 1.82 Bn
Market Forecasted Value (2031) US$ 3.1 Bn
Global Market Growth Rate (2021 to 2031) 5.7% CAGR
North America Market Size (2020) US$ 400.4 Mn

Historical Analysis Vs Future Projections for Personal Care Active Ingredient Sales

According to Fact.MR, a market research and competitive intelligence provider, over the past half-decade, global consumption in terms of volume for personal care active ingredients increased at a CAGR of around 4.4%. While global volume consumption at 2020-end stood at around 226.0 KT, anti-ageing, as a product category, accounted for around 55% of total consumption.

Additionally, projections suggest that rise in consumer awareness regarding use of high-quality personal care products is poised to drive their consumption over the decade.

Additionally, rising consumption of personal care active ingredients in skin lightening, hair care, sun-care, and anti-inflammatory product categories is poised to showcase positive growth of around 5.7% CAGR over the forecast period. Further, mounting use-case of botanical extracts continue to drive the global market, which is expected to expand 1.6X by 2031.

Use of botanical extracts to produce skin care active ingredients is expected to dominate consumption globally, standing at around 178.7 KT by 2021-end, thus helping to gain around 200 BPS in its market share by 2031.

Will Growth in Skin Care Products Bolster Demand for Personal Care Active Ingredients?

Over the past half-decade, spending on dermatologist-recommended skin care ingredients and products has grown multi-fold, mainly attributed to change in consumer preference along with penetration of organic skin care products in the market. Also, Y-o-Y growth of skin care products has been quite decent during the period of 2016-2020, revolving around 6.5% with skin lightening products holding majority of the sales share.

Meanwhile, average price for various skin care products has been hovering around US$ 18, and further rise in prices is expected owning to growing trend of premium skin care products used for facial treatments and anti-aging use-cases.

Skin lightening, by product category, is projected to provide an absolute $ opportunity worth US$ 17.3 Mn over the projected forecast period.

What are the Recent Trends Upholding Market Growth for Personal Care Active Ingredients?

Emerging consumer sentiments towards the use of personal care products and improved quality of life are some of the major factors driving market growth for personal care active ingredients. For instance, in Europe, around 70% of consumers feel that cosmetics improves their quality of life.

Additionally, more and more consumers are willing to pay for personal care products that are backed by some scientific evidence. Also, preference for beneficial active ingredients that do not have any negative impact on consumer health has been identified as the newest trend for emerging personal care active ingredient products.

Personal care active ingredients market incremental opportunity assessment by region from Fact.MR

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Country-wise Analysis

What Makes Germany a Lucrative Market for Sales of Personal Care Active Ingredients?

Germany leads the cosmetics and beauty market in Europe. Germany’s cosmetic and beauty market is valued at around US$ 15 Bn, with domination of sales for skin care products.

Additionally, Germany is poised to account for around 20% of total personal care active ingredient sales in Europe by 2031, while poised to provide an absolute $ opportunity worth US$ 20 Mn over the forecast period.

Also, sales of organic cosmetic products, which hold around 15% of total cosmetic revenue share in Germany, have picked up, and will provide strong growth in demand for active ingredients.

Moreover, with German consumer spending 1.2X higher than their European counterparts, the country is projected to be the most lucrative market for generating revenue from active ingredient sales.

How are Sales of Personal Care Active Ingredients Shaping Up in Japan?

Japan has emerged as one of the lucrative markets for personal care active ingredient sales, accounting for around 33% of total East Asia sales. Concentration of key cosmetics and beauty companies in Japan has provided consumers with a range of products to choose from. Japan is poised to surpass US$ 215 Mn in valuation by 2031, thus establishing itself as one of the most attractive markets for investing.

What Potential Does China Hold for Personal Care Active Ingredient Suppliers?

China leads the East Asian personal care product market, with the active ingredients market projected to be valued at around US$ 115 Mn by 2021-end. Additionally, growth for various cosmetic products in China is mainly driven by sales of Korean and Japanese brands, accounting for around 50% of the total Chinese cosmetic and beauty product market share.

Moreover, market growth for active ingredients can also be attributed to the popularity of anti-ageing and skin lightening products, both accounting for around 60% of total active ingredient revenue share. Thus, market revenue for these products in China is poised to expand 2.1X by 2031.

Personal care active ingredients market by type from Fact.MR

Category-wise Insights

Which Type of Personal Care Active Ingredient is Projected to Drive Most Demand?

Personal care active ingredients made from botanical extracts are poised to hold a major share of around 42% in terms of revenue by 2031. Rising sales of active ingredients, which include botanical extracts, can be attributed to the rise in popularity of natural actives along with growing ageing population globally.

Additional, expanding at a CAGR of around 7%, active ingredients made from botanical extracts are poised to provide an incremental growth opportunity worth US$ 10 Mn over the decade.

Which Product Category in Personal Care Active Ingredients Will Provide Stupendous Growth Opportunity?

Consumption of personal care active ingredients for producing anti-ageing products is projected to drive sales over the forecast period. Holding around 60% of total revenue share in 2020, the anti-ageing product category is poised to provide an absolute $ opportunity worth US$ 105 Mn by 2031.

Increased consumption of anti-ageing products can be mainly attributed to their popularity among Gen X and Gen Z populations, and has been identified as a major driver for product growth over the forecast period.

Has COVID-19 impacted Sales of Personal Care Active Ingredients?

Short-term impact: Prolonged lockdowns affected the sales of beauty and cosmetic products, which saw a significant dip in prominent markets such as the U.S. and China, impacting growth of personal care active ingredients simultaneously. Industry sales in 2020 saw Y-o-Y decline of around 20%. This is mainly attributed to substantial decrease in the purchasing power of consumers globally.

Long-term impact: With rise in e-Commerce sales, market players need to prioritize digital channels in order uphold their market share. Moreover, ensuring growth in sales, manufacturers need to diversify their product line ups through product innovation and collaboration.

An Adaptive Approach to Modern-day Research Needs

Competition Landscape

Manufacturers of personal care active ingredients have mainly opted for organic growth strategies such as product launches and innovation. Such strategies are helping players gain market share, thus helping them expand their regional footprint.

Fact.MR has provided detailed information about the price points of top manufacturers of personal care active ingredients positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.

Personal Care Ingredients Industry Research Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn, Volume in KT
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • By Type
  • By Product Category
  • By Region
Key Companies Profiled
  • BGG
  • Clariant AG
  • Corum
  • Croda
  • DSM
  • DOW
  • Evonik Industries AG
  • Gattefossé
  • Givaudan
  • Kyowa Hakko U.S.A. Inc.
  • LipoTrue 
  • Lucas Meyer Cosmetics
  • Nouryon
  • Provital Group
  • Symrise AG
  • Tishcon Corporation
  • Vantage Specialty Ingredients Inc.
Pricing Available upon Request

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Key Segments Covered in Personal Care Ingredients Industry Survey

  • By Type

    • Botanical Extracts
    • Enzymes & Coenzymes
      • CoenzymeQ10
      • Others
    • Proteins & Peptides
      • Amino Acid
      • Quat & Native Proteins
      • Synthetic Peptides
      • Others
    • Synthetic Actives
      • Vitamin A and Derivatives
      • Vitamin B and Derivatives
      • Vitamin C and Derivatives
      • Vitamin E and Derivatives
      • Salicylic Acid
      • Glycolic Acid
      • Others
    • Biotechnology Products
      • Ceramides
      • Hyaluronic Acid
      • Others
    • Marine Ingredients
      • Substantiated Algae Extra
      • Chitosan
      • Others
  • By Product Category

    • Anti-aging Products
    • Anti-Acne Products
    • Anti-inflammatory Products
    • Skin Lightening Products
    • Slimming Products
    • Sun Care Products
    • Hair Care Products

- FAQs -

Currently, the personal care active ingredients market is worth is more than US$ 1.9 Bn.

Personal care active ingredient consumption is expected to increase at a CAGR of around 5.7% during the period of 2021-2031.

In terms of consumption, personal care active ingredients rose at a CAGR of around 4.4% during 2016-2020.

Usage of personal care active ingredients for the production of anti-ageing products has been identified as a key trend in the market.

Market players are mainly opting for organic growth strategies such as investments in R&D, innovation, and product development, to gain a competitive advantage.

Top companies manufacturing personal care active ingredients are BASF SE, Evonik Industries, Clariant SA, Givaudan, Symrise AG, and Croda International plc.

The U.S., China, Germany, and U.K. are major countries driving demand for personal care active ingredients.

North America holds around 22% of total personal care active ingredient revenue share.

U.S. personal care active ingredient consumption is projected to increase at a CAGR of around 4.5% over the next ten years.

The report presents detailed pricing analysis by type, such as botanical extracts, enzymes & coenzymes, proteins & peptides, synthetic actives, biotechnology products, and marine ingredients.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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