Increasing awareness regarding clean-label cosmetic products has led towards development of environment-friendly green cosmetics. New product or ingredient development coupled with extensive research and development is carried out by cosmetic ingredients manufacturers in order to meet consumer requirements. Demand for products with organic ingredients is expected to be highest from countries in Asia Pacific, which in turn is expected to fuel growth of the global cosmetics ingredients market to a significant extent over the next five to six years. The company forecasts the market to grow at an attractive CAGR during the 10 year forecast period of 2015 through 2025.
Based on the product type, surfactants segments holds major market share and is anticipated to remain dominant throughout the forecast period. Around 10% of surfactant produced globally is used in cosmetic products and demand in terms of value has been increasing steadily due to increasing production of cosmetics products. Among the surfactant sub segments, anionic sub segment dominated sub segment, holds more than 50% of value share during 2015, which is expected to increase further by 2025 end. Non-ionic is the second largest sub segment among the surfactant sub segments in terms of value.
Surfactants are dynamic cosmetics ingredients as these come in several forms and are widely used in skin care, hair care, and men’s grooming products, etc. Since, natural and organic cosmetics are the recent trend in the global cosmetics market, currently, several cosmetics manufacturing companies are using green surfactants or plant based surfactants for “clean label” of cosmetics. Palm oil and coconut oil based green surfactants are being used the cosmetics ingredients industry. Green surfactants also contribute to significant revenue growth of the non-ionic surfactant sub-segment.
The polymers segment is growing at highest CAGR of around 5% during the forecast period from 2015 to 2025. Cosmetic-manufacturing companies prefer biopolymers due to their eco-friendly properties. Proteins, polysaccharides, natural rubber and gum are natural polymers. The segment is primarily driven by conditioning polymers sub segment. Polymers are dynamic cosmetics ingredients as these come in several forms and are widely used in skin care, hair care, and men’s grooming products, etc. Also, conditioning polymers are primarily used in hair care products, such as hair conditioners and shampoos. This is further contributing to the overall growth of polymer segment when compared to the other product types. Cosmetics products with ingredients such as emollient, polymer and oleochemical are witnessing high demand in the European cosmetics ingredients market. Among the different polymer types, conditioning polymer is anticipated to remain dominant throughout the forecast period, account for above 5% growth during the forecast period.
Preservative segment is expected to record attractive growth rates during the forecast period due to increased demand for UV absorbers and antioxidant-rich cosmetic products. In 2015, emollients holds second largest market share in terms of value which is anticipated to grow significantly during the forecast years owing to increasing applications in the sinks care cosmetics. Botanical extracts segments is primarily driven by increasing demand for essential oils in cosmetics including skin care, hair care, make up and fragrances
Persistence Market Research offers a 10-year forecast for the global cosmetics ingredients market between 2015 and 2025. In terms of value, the market is expected to register a CAGR of 4.5% during the projected period. This study analyses the market dynamics and trends in all the seven regions, which influence the current nature and future status of the cosmetics ingredients market over the forecast period.
The primary objective of the report is to offer insights on the advancements in the cosmetics ingredients market. Growing awareness towards appearance, grooming and increasing disposable income are cumulatively anticipated to result in increased demand for cosmetics ingredients.
These factors are expected to bolster the growth of the cosmetics ingredients market over the next five to six years. Increasing demand for skin care and hair care ingredients such as the surfactant, emollient, and polymer, particularly specialty cosmetic ingredients such as antimicrobial and UV absorber across the globe, is expected to drive the growth of the cosmetics ingredients market during the forecast period.
The cosmetics ingredients market report starts with an overview of the cosmetics ingredients market in terms of value. In addition, this section includes PMR’s analyses of the key trends, drivers, and restraints from the supply, demand and economy sides, which are influencing the cosmetics ingredients market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the cosmetic ingredients market report to better equip and arm clients with crystal clear decision-making insights.
On the basis of product type, the market is segmented into surfactant, emollient, polymer, oleochemical, botanical extract, rheology modifier, preservatives, emulsifier and stabiliser and others (vitamin and minerals). On the basis of application, cosmetics ingredients market is segmented into skin care, hair care, make up, fragrance, oral care and others, including shaving products. On the basis of functionality, cosmetics ingredients market is segmented into cleansing agents & foamers, aroma, moisturising, specialty, and others including colour. A detailed analysis has been provided for every segment in terms of market size analysis for cosmetics ingredients across the globe.
As highlighted earlier, the cosmetics ingredients market is segmented on the basis of end user and regions. All these segments are included in this section to make the study more comprehensive. The subsequent sections provide detailed analysis on end user and regions. This section provides detailed analysis covering key trends, absolute dollar opportunity, and BPS analysis.
The next section of the report highlights cosmetics ingredients demand, region-wise. It provides a market outlook for 2015–2025 and sets the forecast within the context of the cosmetics ingredients ecosystem, including the new technological developments as well as product offerings in the global cosmetics ingredients market. This study discusses key region trends contributing to growth of the cosmetics ingredients market globally, as well as analyses the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa.
All the above sections, by product type, application, and functionality and by regions, evaluate the present scenario and the growth prospects of the cosmetics ingredients market for the period 2015 –2025. We have considered 2014 as the base year and provide data for the trailing 12 months.
To calculate the cosmetics ingredients market size, we have also considered revenue generated by the cosmetics ingredients manufacturers. The forecast presented here assesses the total revenue by value across the cosmetics ingredients market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the cosmetics ingredients market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, downstream industry demand and economic envelope.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.
As previously highlighted, the cosmetics ingredients market is split into a number of segments. All the segments are analysed in terms of Basis Point Share to understand individual segment’s relative contributions to market growth. This detailed level of information is important for the identification of various key trends in the global cosmetics ingredients market.
Also, another key feature of this report is the analysis of all key segments in terms of the absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global cosmetics ingredients market.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view, based on categories of providers in the value chain, presence in cosmetics ingredients product portfolio and key differentiators. Key categories of providers covered in the report are cosmetics ingredients manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers, specific to a market segment in the cosmetics ingredients value chain and potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the cosmetics ingredients market place. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the cosmetics ingredients space.
Key competitors covered in terms of manufacturers are BASF SE, Akzo Nobel N.V., Croda International Plc., The Dow Chemical Company, and Eastman Chemical Company. Key end-use companies identified for cosmetics ingredients include L'Oréal International, Unilever, The Estée Lauder Companies Inc., COTY Inc. and Colgate-Palmolive Company.
Key Segments Covered
Key Regions/Countries Covered