Cosmetic Ingredients Market Trends, Growth, Application and Forecasts To 2021

Market Research analysts forecast the global cosmetic ingredients market to grow at a CAGR of 4.39% during the period 2017-2021.

The following companies as the key players in the global cosmetic ingredients market: AkzoNobel, Ashland, BASF, Clariant, and Evonik Industries.

Other Prominent Vendors in the market are: Active Organics, Bayer, Croda International, Eastman Chemical, Emery Oleochemicals, FMC, Pilot Chemical, Procter & Gamble (P&G), Solvay, and United-Guardian Incorporated.

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Commenting on the report, an analyst from Reports team said: The increasing health and wellness trend across the globe has also left its impression on the beauty and personal care products industry. Realizing the growing trend, manufacturers are focusing on developing natural and organic cosmetic products. For instance, Maine Chaga Age-Defying Face Serum uses a unique mushroom-derived formula with high antioxidants and amino acids for younger looking skin. The formula also contains melanin and betulin that, generally, vitamin C serums do not contain. Another company, Pestle & Mortar, has a pure hyaluronic serum product offering that is 100% free of animal-derived raw materials and organic solvent remnants, paraben, propylene glycol, and fragrance, and is not tested on animals.

According to the report, perceptions regarding cosmetics use have changed among male consumers. The increasing emphasis on personal grooming by the male consumer segment is driving the cosmetic ingredients market globally. Hair care products like hair serums are highly popular among male consumers. Male celebrity endorsements are being increasingly used by cosmetics companies to advertise their products.

Further, the report states that the major challenge in the global cosmetic ingredients market is the dependence on cosmetic product sales. Cosmetic ingredients by themselves are not sold to end-consumers, but they are processed further for the creation of cosmetic products. For consumers, the perception of cosmetics varies in accordance with price and affordability. In addition to complying with regulations posed by governments of different countries and adhering to them, manufacturers also must focus on branding, marketing, and endorsements. Added to this, the multi-region structure of the market creates fluctuations in key raw material costs from one region to another. Political and economic disruptions also have an adverse effect on the global sales and profitability.

About Cosmetic Ingredients

Cosmetic ingredients form the base chemicals for personal care products, which include soaps, shampoos, lotions, perfumes, and a variety of other products. Some cosmetics are not only used for beauty regimes, but they also serve as vital components of wellbeing. Some examples of vital cosmetics are toothpaste and sunscreens. Historically, there had been several amendments in the cosmetics sector, which in turn, affected the global cosmetic ingredients market. Right from categorizing cosmetic ingredients as drugs, to the prohibition of marketing cosmetic products that have been animal tested, the cosmetics industry has always been under the scrutiny in terms of compliance and regulations.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global cosmetic ingredients market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cosmetic chemicals in key application areas such as hair care, skin care, color cosmetics, perfumery and others. 

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Cosmetic Ingredients Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Akzo Nobel
Ashland
BASF
Clariant
Evonik Industries

Other prominent vendors 
Active Organics
Bayer
Croda International
Eastman Chemical
Emery Oleochemicals
FMC
Pilot Chemical
Procter & Gamble (P&G)
Solvay
United-Guardian Incorporated

Market driver 
Rising sales of luxury products and growing middle-class aspirational spending
For a full, detailed list, view our report 

Market challenge 
Stringent government regulations
For a full, detailed list, view our report 

Market trend 
Development of novel methods for testing safety of cosmetic ingredients
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Source: https://marketreportscenter.com/reports/507640/global-cosmetic-ingredients-market-2017-2021