According to Fact.MR’s cosmetic chemicals market insights, revenue surpassed US$ 21 Bn in 2020. Overall analysis shows that cosmetic chemical sales are anticipated to be valued at over US$ 30 Bn by 2031, expanding nearly 1.5X across the assessment period. Cosmetic chemicals for skincare & haircare products comprise over 30% of global demand.
Key Points Covered in Cosmetic Chemicals Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Cosmetic Chemicals and How to Navigate
- Recommendation on Key Winning Strategies
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Cosmetic Chemicals Historical Industry Analysis (2016-2020) Vs Future Market Outlook (2021-2031)
Analysis of cosmetic chemical demand from 2016 to 2020 reveals a historical growth rate of under 5% CAGR, with overall expansion of the cosmetics & personal care industry majorly driving growth, as consumers augmented spending amid surging disposable incomes.
The market closed in at nearly US$ 20 Bn in 2019, reaching slightly over US$ 21 Bn by 2020. Initial recessionary downswings ushered by the COVID-19 pandemic in the form of reduced cosmetic sales amid store closure and production cycle disruptions temporarily suspended growth prospects.
However, as infection curves flatted since Q4 2020, industrial production activities have resumed across major markets. Therefore, Fact.MR’s cosmetic chemicals demand outlook forecasts an expansion of above 6% CAGR by 2031.
How is Flourishing Global Beauty Industry Catalyzing Cosmetic Chemicals Demand Growth?
The global cosmetics industry is posting significant gains, expanding at a noteworthy rate across several regions. Being valued at nearly US$ 400 Bn as of 2019, the industry has seen several prolific developments- from the introduction of organic beauty products to incorporation of smart technology across the supply chain.
Furthermore, as disposable incomes augment, consumers are inclined to spend more on beauty and personal care. This trend is increasingly evident across several emerging economies, mostly across Asia, Africa and Latin America. This increase in cosmetics popularity is widening cosmetic chemicals demand outlook for the future.
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Will Rising Sustainability Concerns Pave Way for Future Cosmetic Chemical Uptake?
Fact.MR’s cosmetic chemicals industry research reveals that the global landscape is being characterized by continuous R&D activities related to product innovation. Key manufacturers are emphasizing on incorporating sustainable formulations derived from natural ingredients.
These natural raw-materials are free from any artificial additives, a trend which is expected to be the USP of all leading cosmetic chemical manufacturers in forthcoming years. As consumers increasingly demand brand transparency, cosmetic companies ensure that ingredient details reassure users about the absence of harmful additives.
Are Stringent Compliance Requirements Restricting Expansion Prospects of Cosmetic Chemical Suppliers?
Despite making headways, sales of cosmetic chemicals are anticipated to experience significant bottlenecks in the future. A major growth restraint is compliance with tough regulatory requirements by individual countries.
For instance, although China appears to be a promising market, their regulations keep changing, rendering it difficult for manufacturers to keep pace. At times, registration procedures often become burdensome.
Like other countries, China only allows sales of products declared safe for use. This approval often takes a lot of time, thus limiting expansion prospects.
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What is the Cosmetic Chemicals Demand Outlook across the U.S.?
Analysis of cosmetic chemicals landscape across the U.S estimated a value share of nearly US$ 6 Bn as of 2020. Ever expanding diversity in the beauty & personal care segment is attributed as the primary growth accelerator for cosmetic chemicals across the country.
A major trend pervading the U.S cosmetics industry is growing transparency requirements with respect to ingredients listing. As Yeildify puts it, clean beauty is becoming a rising buzz across the industry since 2018.
With the FDA Ban 11 prohibiting incorporation of synthetic substances like bithinol and chloroform, brands are increasingly incorporating eco-friendly material, prompting increased production of organic cosmetic chemicals on a large-scale.
How Do Cosmetic Chemicals Sales Prospects Look for China?
Insights into cosmetic chemicals market in China estimates a market size of almost US$ 7 Bn by 2031, growing at a CAGR of almost 9%. China’s cosmetics market represents one of the most opportunistic in the world, with retail sales rising 4.2% year-on-year, according to the National Bureau of Statistics.
As per its estimates, cosmetics retail for H1 2019 registered Y-o-Y expansion exceeding 13%, largely ascribed to increased cosmetics spending by consumers amid surging disposable income. Hence, major manufacturers are setting up base across China.
This trend is motivating production of high-quality, environmentally compliant and safe cosmetic chemicals, subject to intense scrutiny from various domestic regulatory authorities.
Why is Haircare & Skincare the Primary Cosmetic Chemical Application Area?
The cosmetic chemicals industry survey reveals that haircare & skincare applications constitute bulk of overall demand, accounting for over 30% revenue as of 2019. Expected CAGR for the upcoming decade is approximately 5% for this segment.
Rising demand for face creams, body lotions, sunscreens, shampoos, conditioners and other haircare products is spurring adoption of advance grade cosmetic chemicals in recent years. Consumers are increasingly tilting towards organic products amid heightening sustainability concerns.
Why are Emollients, Film-Formers, & Moisturizers Generating High Demand for Cosmetic Chemicals?
As per Fact.MR’s cosmetic chemicals industry research, emollients, film-formers & moisturizers are expected to record above 6% CAGR to reach approximately US$ 11 Bn by 2031. Sales are strong, owing to their moisture retention properties, thereby softening the skin.
Emollients, film-formers & moisturizers are widely deployed across products such as body lotions, face creams, skin moisturizers and lipsticks. These emollients are commercially available in natural as well as synthetic forms. These include olive oil, coconut oil, beeswax and lanolin.
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Prominent players manufacturing cosmetic chemicals majorly emphasize on introducing new product offerings, especially skincare products, made from organic and inorganic substances. Additionally, they also undertake mergers & acquisitions and collaborations while seeking regulatory approvals.
- In April 2021, Dow Inc. introduced its new Virtual Experience Center (VEC), an immersive 3D platform providing beauty brands an opportunity to enhance product offerings by permitting visitors to discover key innovations and marketing trends.
- In November 2020, BASF SE’s Care Creations® launched the highly stable and eco-friendly complexing agent called Neutrol® MGDA for personal care applications. It is readily biodegradable, possessing high ecological and toxicological profiles.
Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered in Market Study
- Cosmetic Chemicals for Perfumes & Fragrances
- Cosmetic Chemicals for Haircare & Skincare
- Color Cosmetic Chemicals
- Cosmetic Chemicals for Other Applications
- Cosmetic Chemical Emollients, Film Formers & Moisturizers
- Cosmetic Chemical Surfactants
- Single Use Cosmetic Chemical Additives
- Cosmetic Chemical Carriers, Powders & Colorants
- Cosmetic Chemical Thickening Agents
- Other Cosmetic Chemical Types
Cosmetic Chemicals Market- Scope of Report
A recent study by Fact.MR on the cosmetic chemicals market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the 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 offering cosmetic chemicals.
The study also provides the dynamics responsible for influencing the future status of the cosmetic chemicals market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing cosmetic chemicals, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of cosmetic chemicals across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of cosmetic chemicals during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative cosmetic chemicals markets?
- Which factors will impact the growth of the cosmetic chemicals market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the cosmetic chemicals industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for cosmetic chemicals are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, 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 the sales and distribution perspective in the global cosmetic chemicals market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the cosmetic chemicals market during the forecast period.
Country-specific valuation on demand for cosmetic chemicals has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the 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 and volume for emerging countries has also been included in the report.
In-depth Analysis on Competition
The report sheds light on leading manufacturers of cosmetic chemicals, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering cosmetic chemicals has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the cosmetic chemicals market.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the cosmetic chemicals market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
In 2020, sales of cosmetic chemicals surpassed US$ 21 Bn.
Cosmetic chemicals market insights, demand is expected to top US$ 30 Bn by 2031, expanding at almost 6% CAGR.
Sales of cosmetic chemicals increased at just under 5% CAGR from 2016 to 2020.
Increased tilt towards natural and organic ingredients is yielding major revenue pools for key cosmetic chemical manufacturers.
Increased spending on cosmetics by consumers is primarily widening sales for cosmetic chemicals.
The U.S., China, Japan, Canada, and Germany markets are expected to expand at a CAGR of 5% each by 2031.
In 2019, North America generated over 1/3 of cosmetic chemical global revenue.
The market for cosmetic chemicals in Latin America is poised to expand at a CAGR of nearly 7%.
Australia, India, and South Korea are expected to be the most lucrative markets in Asia for cosmetic chemicals, together reaching over US$ 4 Bn valuation.
Cosmetic chemicals for haircare & skincare products are likely to remain top selling, yielding 30% revenue.
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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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