Global GMO-free Cosmetic and Personal Care Ingredient Market worth USD 6.90 Billion by 2024

Global GMO-free Cosmetic and Personal Care Ingredient Market worth USD 6.90 Billion by 2024

Pune, India, February 21, 2019 -- /360iResearch/ -- The report "Global GMO-free Cosmetic and 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 3.88 billion in 2017 and is projected to reach USD 6.90 billion by 2024, growing at a CAGR of 8.59% from 2017 to 2024.

The major forces driving the growth of the gmo-free cosmetic and personal care ingredient market include the increasing consumer awareness responsively witnessing the rising number of cosmetic and personal care ingredients providers to get gmo free certification and increasing consumer awareness and concern due to asthma, allergies, inflammation impact of gmo ingredients on skin. Moreover, introduction of gmo-free cosmetic lines by leading cosmetic brands is also one of the factors that is driving the market growth. However high gmo-testing cost, and falsely labeled products may hinder the market growth. In the middle of difficulty lies opportunity such as the innovative packaging and advertising, increasing transparency in the cosmetic and personal care industry across the value chain, and third party non-gmo certification. The possible challenges for the market growth is lack of evidence-based superiority of gmo free cosmetic and personal care ingredients over bioengineered ingredients. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on function, the global gmo-free cosmetic and personal care ingredient market is studied across Aroma, Cleansing Agents & Foamers, Coloring Agents, Moisturizing, and Speciality. Based on product, the global gmo-free cosmetic and 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 gmo-free cosmetic and personal care ingredient market is studied across Base Ingredients, Bioactives, Emollients, Emulsifiers, Sensory Enhancers, and Texturizers. Based on geography, the global gmo-free cosmetic and personal care ingredient market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the gmo-free cosmetic and 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, Clariant, Clariant AG, DSM, DowDuPont, Eastman Chemical Company, Evonik Industries AG, Gattefossé, Givaudan SA, Huntsman International LLC., Lucas Meyer Cosmetics, MakingCosmetics Inc., SEPPIC, and Sonneborn LLC.

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