Hydrogenated Cosmetic Ingredients Market

Hydrogenated Cosmetic Ingredients Market Outlook

The global hydrogenated cosmetic ingredients market is estimated to expand at a CAGR of 4.7% to reach US$ 94.9 million by the end of 2033 from the valuation of US$ 59.6 million in 2023.

Personal care products to dominate the hydrogenated cosmetic ingredients market with nearly 51.6% of the global market share by the end of 2022.

Report Attributes	Details
Market Size (2022A)	US$ 57.2 Million
Estimated Market Value (2023E)	US$ 59.6 Million
Forecasted Market Value (2033F)	US$ 94.9 Million
Global Market Growth Rate (2023-2033)	~4.7% CAGR
North America Market Share (2022)	~31.8%
East Asia Market Growth Rate (2023-2033)	~5.6% CAGR
United States Market Growth Rate (2023-2033)	~4.1% CAGR
Market Share of Top 5 Companies	~30.0%
Key Companies Profiled	BASF SE Dowpol UpiChem Vantage The Innovation Company Glenn Sun Chemicals Nikko Chemicals ExxonMobil Shamrock Technologies

Sales Analysis of Hydrogenated Cosmetic Ingredients (2018-2022) Vs. Market Forecast Outlook (2023-2033)

Over the years, due to the growing use of natural ingredients in personal care products demand for hydrogenated cosmetic ingredients has increased rapidly. Increasing consumer awareness about the importance of healthy skin has been the prime factor for the growth of the hydrogenated cosmetic ingredients market.

Hydrogenated cosmetics ingredient is a prime ingredient in the manufacturing of different types of personal care and beauty care products. Rising personal care spending and attraction toward organic and toxin-free formulations increase the demand for cosmetics products.

• Short Term (2023 to 2026): Utilization and integration of hydrogenated cosmetic ingredients in personal care and cosmetics products to positively impact hydrogenated cosmetic ingredients market growth.
• Medium Term (2026-2029): East Asia and South Asia & Oceania will grow at the fastest CAGR, owing to the developing economy and increased spending on personal care products.
• Long Term (2029-2033): The groundbreaking strategies adopted by the market players coupled with digital footprints to bolster the market’s growth over the projection period.

Over the 2018-2022 historical period, the global hydrogenated cosmetic ingredients market registered a CAGR of 1.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.7% CAGR between 2022 and 2032.

Market share analysis of hydrogenated cosmetic ingredients based on application and region is provided in a nutshell in the above image. Under the application segment, the personal care products sub-segment dominates with a 51.9% market share in 2022.

“Consumers Rising Preference Towards Organic and Toxic-Free Formulation”

With the rising global population, the demand for cosmetics and personal care products is increasing in developed as well as developing economies. Hydrogenated polyisobutene is most commonly used in cosmetics products. It is a waterproofing and lubricating agent that acts as an emollient to improve skin texture. This, in turn, augments the sales of hydrogenated cosmetic ingredients.

Further, rapid expansion in the personal care and cosmetics industry is expected to boost the demand for the hydrogenated cosmetic ingredients market in the coming years. Demand for cosmetics products such as face creams, sunscreen, and body lotion has been increasing across the globe due to rising awareness about skin problems has been the key factor for the growth of the hydrogenated cosmetic ingredient market. 

Increasing investment in research and development has prompted manufacturers to launch skin-friendly products. Since cosmetics are used on a daily basis, consumers are more aware of the benefits and adverse effects of chemicals on the skin such as irritation, dullness, and others. Therefore, chemical-free products are gaining popularity among young consumers, in the advent of this, the hydrogenated cosmetic ingredients market is estimated to grow further.

“Several Benefits of Hydrogenated Cosmetic Ingredients Opening New Doors for Manufacturers”

With increasing skin problems due to the use of chemicals in cosmetics and personal care products, consumers have shifted towards organic products. The use of chemicals in cosmetics products can lead to various skin issues which may vary from acne to skin sclerosis. Hence, to overcome such issues use of chemical-based cosmetics, and the consumer shift towards plant-based or natural personal care products increased.

To address the shift and meet the growing demand for the natural ingredients-based cosmetic range, manufacturers are opting for solutions such as the use of hydrogenated ingredients. This, in turn, bolsters the growth of hydrogenated cosmetic ingredients.

The increasing use of organic products has pushed chemical manufacturers to focus on natural ingredients and chooses suppliers that provide raw materials obtained from plants. This is why there is an increase in the demand for eco-friendly cosmetic products. Manufacturers of cosmetics increased their spending on research and development and partnered with vendors that can supply raw materials according to the manufacturers’ requirements.

Given the increasing preference for natural products, consumers are looking for brands or products that are transparent about their ingredients. For instance, the American cosmetic brand Kiehl’s revised their Ultra Facial Cream to remove parabens and reported a sales hike of US$ 5.0 million. This achievement made them one of the top 5 skincare brands.

The consumer’s expectations are continuously changing and evolving. It is necessary for cosmetics manufacturers to diversify their product portfolio. Market players are adopting various organic and inorganic strategies for high-profit margins. They focus on the expansion of their production capacity to meet consumers’ demands at the global level. 

“Susceptibility to Dynamic Instability under Certain Conditions”

Hydrogenated polyisobutene is made from fossil fuels, which are not environmentally friendly. Combustion of fossil fuels can have adverse impacts on the environment as they emit harmful gases such as carbon monoxide and carbon dioxide. Therefore, governments across the globe have given strict regulations for the use of fossil fuels.  

The high cost of production can hamper the hydrogenated cosmetics market growth in the coming years. The cost of producing hydrogenated cosmetic ingredients is higher as compared to chemical cosmetics. Therefore, manufacturers should look for reducing the overall cost of production.

Lack of awareness among underdeveloped countries is projected to act as a restraining factor for the growth of the hydrogenated cosmetic ingredients market.

Country-wise Insights

Will the huge personal care industry in the U.S. drive high demand for hydrogenated cosmetic ingredients?

The global personal care industry is valued at over US$ 500.0 billion in 2022 and is expected to move further with a healthy CAGR. The United States holds over 1/4th of the market share in the personal care industry.

Growing demand for skin care and hair care products such as shampoos, conditioners, lotions, creams, and others, to boost the personal care industry in the United States.

The United States holds the majority of the market share in the beauty products market. Owing to the increasing number of millennials in the United States, beauty products such as facial, eye, hair, nail, and lip care products have witnessed high demand over the years.

The United States hydrogenated cosmetic ingredients market is valued at US$ 15.7 million in 2022 and is expected to grow at a CAGR of 4.2% to reach a valuation of US$ 23.8 million by the end of the forecast period.

Why is the Chinese hydrogenated cosmetic ingredients market expected to be highly lucrative?

Developing countries such as China are expected to play a crucial role in the growth of the hydrogenated cosmetic ingredients market. China is likely to dominate the hydrogenated cosmetic ingredients market in the East Asia region.

China holds the position of the third-largest skincare market across the globe. The increasing population in China and the demand for high-quality products have been the key factors for the growth of the skincare market in China. Along with the increasing economy in China, consumer purchasing power has increased in the last few years. Due to increasing demand, the Chinese skincare market is valued at over US$ 16.0 billion in 2022.

As the demand for skin care products in China is increasing at a rapid pace, leading skin care manufacturers are looking to establish themselves in the Chinese market.

China's hydrogenated cosmetic ingredients market is valued at over US$ 6.2 million in 2022 and is expected to grow at a healthy CAGR of 5.3% between 2023-2033. 

Category-wise Insights

Will the market growth be led by personal care products?

Personal care products hold over 50% of the market share in the hydrogenated cosmetic ingredients market. Owing to consumers' increased spending on skin care products and health awareness regarding skin, it is expected to grow at a significant pace in the forecast period.

Over the years, governments across various countries have banned multiple chemicals for use in cosmetics and beauty products. This is expected to boost the demand for hydrogenated cosmetics in a gradient from skincare and personal care products.

Developing nations such as China and India have witnessed high demand for personal care products. Due to the rising demand for personal care and beauty products, Asia Pacific is expected to grow at a significant pace in the forecast period.

Personal care products are valued at over US$ 29.6 million in 2022 and are expanding to reach a valuation of US$ 46.6 million by the end of the forecast period.  

Which product type is expected to dominate the hydrogenated cosmetic ingredients market?

Hydrogenated polydecene is widely used in personal care as well as beauty products. The growing use of personal care products such as hair care and personal care products is expected to boost the demand for hydrogenated polydecene in the forecast period.

Rising awareness about skin care products and improved living standards of individuals has been the factor for the growth of skincare products. Growing e-commerce across different regions is likely to positively impact the growth of the hydrogenated cosmetic ingredients market.

Hydrogenated polydecene is valued at US$ 22.9 million in 2022 and is expected further to reach a valuation of US$ 36.7 million by the end of the forecast period.

Competitive Landscape

Prominent hydrogenated cosmetic ingredients manufacturers are BASF SE, Sophim, Dowpol, Upichem, Vantage, The Innovation Company, Glenn, Sun Chemicals, Nikko Chemicals, Rita Corporation, ExxonMobil, and Shamrock Technologies.

The world’s leading manufacturers in hydrogenated cosmetic ingredients are focusing on entering into the production of hydrogenated ingredients from a renewable feedstock for cosmetic formulation to the consumer directly which will help them to expand their customer base and global footprint. Cosmetics manufacturers are also focusing on developing multifunctional ingredients to enhance product efficiency that is widely accepted by consumers.

• In January 2020, BASF launched BASF Care Creation to launch some of its latest active ingredient for personal care products that helps to moisturize and smooth the skin.

Fact.MR has provided detailed information about the price points of key manufacturers of hydrogenated cosmetic ingredients positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Hydrogenated Cosmetic Ingredients Industry Research

• By Product Type:

  • Hydrogenated Polyisobutene
  • Hydrogenated Polydecene

• By Function:

  • Emollient
  • Thickening Agent
  • Pigment Dispenser
  • Shine Enhancer
  • Waterproofing Agent
  • Stabilizer

• Bby Application:

  • Personal Care Products
    • Skin Care
    • Hair Care
  • Beauty Product
    • Facial Product
    • Eye Product
    • Hair Product
    • Nail Product
    • Lip Care Product
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA