Skin comprises an imperative and major part of our body. It represents the health of your body internally and externally. While many turn a blind eye towards skin care in today’s busy life, the personal care industry is putting efforts towards development of effective products for maintaining skin beauty and health. With application of delivery system, active ingredients are delivered to defined areas of skin organ, which enhances performance of cosmetic products by stabilization of active ingredients on skin surface. The global delivery system of personal care records a value worth US$ 345,287.3 thousand in 2014. PMR indicates that the value is projected to reach US$ 543,373.2 thousand by 2020-end. During the forecast period 2014 to 2020, the market is expected to expand at a CAGR of 7.8%.
Harmful effect of ultra-violet (UV) radiation, increasing prevalence of various skin diseases, and disposable income leading to surge in expenditure on personal care products are primary factors estimated to contribute to growth of the market. A range of personal care products are offered particularly for wrinkled and unhealthy skins for the aging population. Range of products offer skin care solutions according to varying skin types such as dry, oily or all skin types. Attributed to such factors, the market is predicted to grow significantly in the span of next six years. In addition, with emerging parlors, health care centers, dermatological clinics and such institutes, demand for personal products has relatively escalated. Surge in application of personal care products in such clinics and parlors is further increasing awareness among population of varying age groups. In fact, customers who are victims of various skin diseases are prescribed particular products for skin care, owing to their healing attributes. Such factors fuel demand for range of personal care products, which in turn boosts growth of the market throughout the forecast period.
However, stringent regulatory requirements for approving cosmetic ingredients are projected to inhibit growth of the market. If personal care products are not properly labelled, or comprise of incorrect or strong ingredient, it could adversely affect health of customers. These factors are anticipated to hinder adoption of solutions offered by personal care products and further restrain growth of the market over the forecast period.
On the basis of revenue, Europe is estimated to dominate the market owing to increasing aging population. Furthermore, rising awareness regarding delivery system process is further fueling demand for personal care product, which in turn is predicted to contribute significantly to growth of the global delivery system of personal care market in the span of next six years.
On the basis of region, Europe is a dominant market in the global delivery system of personal care market, due to surge in aging population, which significantly contributes towards growth of the market during the forecast period. On the same note, growing awareness regarding therapeutic applications of delivery system is another significant factor expected to contribute towards growth of the delivery system of personal care market in Europe. Owing to availability of advanced personal product and rise in aging population in North America, the delivery system of personal care market is projected to witness boost in growth of the market in the upcoming years. Moreover, rising awareness regarding application of such personal care products for hair and skin treatment contributes to growth of the market over the forecast period. Asia accounts for fastest growing region in the global delivery system for personal care market, owing to surge in disposable income, and rise in geriatric population in the region. Furthermore, increasing awareness regarding various skin diseases and local allergies, which deter health of our skin in various countries of Asia is estimated to rev up growth of the market in the near future.
Salvona Technologies Inc., Air Products and Chemicals, Inc., BASF SE, and Lipotec SAU are some leading players of the global delivery system for personal care market. Other major players include Centerchem Inc., Croda International Plc, Mineral Technologies Inc., Lonza Group Ltd., International Flora Technologies Ltd., Lipo Chemical Inc., Glenn Corporation, Clariant International Ltd., and Unipex Group Inc.
The global delivery system for personal care market report by Persistence Market Research offers in-depth analysis for six year forecast period, 2016-2024. The primary objective of this report is to provide an extensive analysis of introduction to the market, factors that are driving growth of the market, key restraints, analysis on the basis of segmentation, and leading international players in the global delivery system of personal care market. Rise in aging population in various regions is projected to contribute significantly towards growth of the market.
The reports begins with a general overview regarding delivery system of personal care in the global delivery system in personal care market. The next section includes key market dynamics, which include various applications in parallel to factors that are estimated to fuel growth of the market, and factors that are responsible for inhibiting growth of the market in the span of next six years.
The next section of report imparts information and analysis on the basis of various segments such as region and revenue. This section comprises various factors, which are key drivers of the market along with factors that are projected to restrain growth of the market in the upcoming years. It further imparts region-wise analysis for the global delivery system for personal care market. This section throws light on various factors specific to regions, which are contributing towards growth of the market along with factors that are obstructing progress of the global delivery system of personal care market. Furthermore, it analyses and informs regarding regions that are more lucrative market and regions that are fastest growing in the global delivery system of personal care market. The last section of the report comprise of leading international players that operate in the global delivery system of personal care market, along with other prominent key players of the market.
To deduce the global delivery system for personal care market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, and application; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global delivery system of personal care market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global delivery system of personal care market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global delivery system of personal care market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually 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 perspective in the global delivery system of personal care market. Further, to understand key segments in terms of their growth and overall global delivery system of personal care market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global delivery system of personal care market.
Some of the major players in the delivery systems in personal care market:
These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.