Bio-Based Cosmetics & Personal Care Ingredients Market by Products (Antimicrobials, Conditioning Polymers, Emollients), Active Ingredient (Ceramides, Creatine), Application - Global Forecast 2024-2030

Bio-Based Cosmetics & Personal Care Ingredients Market by Products (Antimicrobials, Conditioning Polymers, Emollients), Active Ingredient (Ceramides, Creatine), Application - Global Forecast 2024-2030

The Bio-Based Cosmetics & Personal Care Ingredients Market size was estimated at USD 22.35 billion in 2023 and expected to reach USD 24.37 billion in 2024, at a CAGR 9.17% to reach USD 41.34 billion by 2030.

Bio-based cosmetics and personal care ingredients refer to products developed from natural, renewable sources, such as plants, algae, and microorganisms, instead of conventional ingredients derived from petrochemicals. The bio-based cosmetics and personal care ingredients market comprises products derived from biological sources or processes utilized to formulate skincare, hair care, make-up, fragrances, and other personal care products. Growing awareness about personal hygiene and personal care and consumer preference for sustainable and organic products drive market growth. The availability of products through e-commerce platforms also fuels market development. The high cost of cosmetic products, fluctuating raw material prices, and stringent regulations about the approval of cosmetic products are restricting market growth. The emergence of social media marketing and advertising strategies and the introduction of diverse product offerings by major players are expected to create opportunities for market expansion.

Regional Insights

The bio-based cosmetics and personal care ingredients market in the Americas is characterized by a strong demand for natural and organic products driven by consumer awareness and stringent regulations concerning synthetic additives. The United States leads in the region in terms of market size and innovation, with policies promoting bio-based products, such as the USDA BioPreferred Program. There is also a growing trend in using indigenous resources, such as Amazonian oils and extracts, in product formulations. The EMEA region exhibits a diverse market, with Europe at the forefront in terms of stringent regulatory frameworks, such as REACH compliance, which affects the cosmetic industry. European consumers are highly conscious of the environmental impact of ingredients and ethical sourcing, elevating the demand for certified bio-based and sustainable products. The Middle East, in particular, is increasingly looking towards sustainable and high-quality ingredients, whereas in Africa, the market is in a nascent stage but holds potential owing to its unique flora that could be sourced for bio-based ingredients. The Asia-Pacific region in the bio-based cosmetics and personal care ingredients market. This can be attributed to improving economic conditions, a growing middle class, and rising health and wellness awareness. Countries such as South Korea and Japan are leading in technological advancements and innovation in bio-based ingredients. China and India are vast markets with immense growth potential driven by increased consumer spending and traditional preferences for natural products. In addition, local players have a strong presence and a rich heritage of using natural substances, which companies are leveraging for modern bio-based product formulations.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Bio-Based Cosmetics & Personal Care Ingredients Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing awareness about personal hygiene and personal care
• Consumer preference for sustainable and organic products
• Availability of products through e-commerce platforms

Market Restraints

• High cost of cosmetic products and fluctuating raw material prices

Market Opportunities

• Emergence of social media marketing and advertising strategies
• Introduction of diverse product offerings by major players

Market Challenges

• Stringent regulations pertaining to the approval of cosmetic products

Market Segmentation Analysis

• Products: Growing preference for plant extracts with antimicrobial properties
• Active Ingredient: Rising demand for bio-based ceramides owing to anti-aging benefits
• Application: Wider usage of eco-friendly fragrances that leverage synthetic biology for sustainable processes

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bio-Based Cosmetics & Personal Care Ingredients Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bio-Based Cosmetics & Personal Care Ingredients Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Laboratoires Expanscience Launches Epionine Bio, Liposoluble Active Ingredient

Laboratoires Expanscience unveiled Epionine, a pioneering bio-liposoluble active ingredient. This innovation is derived from regenerative agricultural practices, ensuring that the production process remains environmentally responsible and supports biodiversity. Introducing this bio-based active ingredient represents a key advancement in natural cosmetic formulations, aligning with the growing consumer demand for sustainable and ethically produced personal care products.

Solvay Launches Naternal, its New Brand of Bio-Based Biodegradable Polymers

Solvay introduced Naternal, a brand dedicated to bio-based ingredients crafted for cosmetics and personal care. Reflecting Solvay's commitment to sustainability and innovation, Naternal aims to support manufacturers in developing and formulating products that align with growing consumer demands for natural and environmentally friendly beauty solutions. The brand emphasizes a holistic approach to bio-based ingredients, ensuring that they are not only derived from renewable sources but also exhibit superior performance and high purity.

Global Bioenergies Launches Isonaturane 16, its Second Cosmetic Ingredient

Bioenergies unveiled Isonaturane 16, an innovative bio-based ingredient representing a significant stride in the cosmetics and personal care industry. Isonaturane 12, applauded for its natural derivation, mimics isododecane through a unique process that connects three isobutene molecules sourced from renewable feedstock. This groundbreaking methodology occasionally yields a larger molecule, isohexadecane, forming the basis for Isonaturane 16.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bio-Based Cosmetics & Personal Care Ingredients Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Bio-Based Cosmetics & Personal Care Ingredients Market, highlighting leading vendors and their innovative profiles. These include Aqua Bio Technology ASA, Ashland Inc., BASF SE, Clariant AG, Covestro AG, Croda International PLC, Dow Inc., Elementis PLC, Evonik Industries AG, Gattefossé Group, Givaudan SA, Huntsman Corporation, Koninklijke DSM N.V., Lonza Group Ltd., Lubrizol Corporation, Merck KGaA, Minasolve by Minafin Group, Momentive Performance Materials Inc., Natura-Tec by APC Group, Nikko Chemicals Co.,Ltd., Nouryon Chemicals Holding B.V., Sharon Laboratories Ltd., Solabia Group, Solvay S.A., Symrise AG, Tate & Lyle PLC, Vigon International, LLC, and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Bio-Based Cosmetics & Personal Care Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Products
• Antimicrobials
• Conditioning Polymers
• Emollients
• Emulsifiers
• Rheology Control
• Surfactants
• Active Ingredient
• Ceramides
• Creatine
• Application
• Fragrances
• Hair Care

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year