Global Cosmetic & Personal Care Ingredient Market worth USD 54.90 Billion by 2024

Global Cosmetic & Personal Care Ingredient Market worth USD 54.90 Billion by 2024

Pune, India, February 25, 2019 -- /360iResearch/ -- The report "Global Cosmetic & Personal Care Ingredient Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 39.70 billion in 2017 and is projected to reach USD 54.90 billion by 2024, growing at a CAGR of 4.74% from 2017 to 2024.

The major forces driving the growth of the cosmetic & personal care ingredient market include the growing demand for beauty products and raising awareness about beautification and rise in consciousness regarding healthy skin and the surging utilization of anti-aging cosmetics. Moreover, the increasing demand for clean labeled products is also one of the factors that is driving the market growth. However certain factors such as the misguided advertising and product labeling may hinder the market growth. In the middle of difficulty lies opportunity such as the changing lifestyle especially in developing regions of asia-pacific and south-america, acquisitions and merger by the major beauty companies, and continuous research & development and new product launch. The possible challenges for the market growth are delayed approval of strict regulations to hamper market growth, and product recalls leading to bad reputation. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on function, the global cosmetic & personal care ingredient market is studied across Aroma, Cleansing Agents & Foamers, Coloring Agents, Moisturizing, and Speciality. Based on market, the global cosmetic & personal care ingredient market is studied across and GMO-free Cosmetic and Personal Care Ingredient. Based on product, the global cosmetic & personal care ingredient market is studied across Color Cosmetics, Fragrances, Hair Care products, Nail Care, Personal Care Products, and Skin Care Products. Based on type, the global cosmetic & personal care ingredient market is studied across Base Ingredients, Bioactives, Emollients, Emulsifiers, Sensory Enhancers, and Texturizers. Based on geography, the global cosmetic & personal care ingredient market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the cosmetic & personal care ingredient market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Akzo Nobel N.V., Ashland Global Holdings Inc., BASF SE, CP Kelco, Cargill, Incorporated, Centerchem Inc., Clariant AG, Croda International Plc, DSM, DowDuPont, Eastman Chemical Company, Evonik Industries AG, Gattefossé, Givaudan SA, Huntsman International LLC., Lucas Meyer Cosmetics, MakingCosmetics Inc., SEPPIC, Sonneborn LLC, and The Dow Chemical Company.

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