Cosmetic Ingredients Market by Type (Antioxidants & Preservatives, Emollients, Polymers), Function (Cleansing Agent, Coloring Agent, Moisturizing Agent), Ingredient Type, Application - Global Forecast 2024-2030

Cosmetic Ingredients Market by Type (Antioxidants & Preservatives, Emollients, Polymers), Function (Cleansing Agent, Coloring Agent, Moisturizing Agent), Ingredient Type, Application - Global Forecast 2024-2030

The Cosmetic Ingredients Market size was estimated at USD 54.04 billion in 2023 and expected to reach USD 57.08 billion in 2024, at a CAGR 5.96% to reach USD 81.08 billion by 2030.

Cosmetic ingredients refer to the various chemical substances, natural elements, and functional materials combined in specific proportions to create cosmetic products. These products include skincare, makeup, haircare, fragrance, and personal care items, which aim to enhance appearance, cleanse, and maintain overall skin and hair hygiene. Increased awareness about the harmful effects of chemical-based products has driven consumers towards sustainable alternatives containing natural and organic cosmetic ingredients. The rapid expansion of online shopping platforms has provided manufacturers with a massive consumer base while reducing distribution costs. Fluctuating costs of key raw materials may influence the cost of cosmetic ingredients. Moreover, technological advancements have led to innovative ingredient combinations offering improved benefits to users.

Regional Insights

The cosmetic ingredients market is evolving in the Americas owing to the growing demand for natural, organic, and sustainable ingredients and investments in research and development to cater to these preferences. American consumers prioritize product quality, safety, and efficacy while making purchasing decisions, which drives companies to ensure regulatory compliance. Strict regulations emphasizing safety and sustainability and initiatives to promote sustainable practices within the cosmetics industry are expanding the use of cosmetics ingredients in the EMEA region. The Asia-Pacific region has witnessed tremendous growth due to rapid urbanization, changing lifestyles, growing beauty trends, and rising demand for premium beauty products, contributing significantly to this growth. Besides, advancements in manufacturing practices and the introduction of novel formulations are anticipated to propel the use of cosmetic ingredients by the end-use sectors worldwide.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Cosmetic 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
    • The rising popularity of grooming and personal care products among consumers in emerging economies
    • Increasing social media influence among the population and spending on cosmetics
    • Market Restraints
      • Fluctuating costs of raw materials used in cosmetics
      • Market Opportunities
        • Introduction of natural, non-GMO, and vegan cosmetic ingredients
        • Increasing product penetration through proliferating eCommerce
        • Market Challenges
          • Quality constraints with cosmetic ingredients and availability of counterfeit products
          • Market Segmentation Analysis
            • Type: Significant penetration of natural antioxidants and emollients to enhance beauty products
            • Function: Inclination toward plant-based cleansing and moisturizing agents
            • Ingredient Type: Potential for fermented ingredients in anti-aging skin care products
            • Application: Emerging use of cosmetic ingredients in fragrance and haircare
            • 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 Cosmetic 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 Cosmetic 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
            • Future Origins, Pioneering Sustainable Bio-Surfactants for Personal Care and Cleaning Industries
              
              Future Origins, a U.S.-based biotech venture launched with the mission of revolutionizing the production of surfactants using sustainable biotechnology. The company has completed significant pilot-scale fermentation, producing several metric tons of bio-based materials, including detergent alcohols. Future Origins aims to produce ingredients with substantially lower carbon footprints, aligning with tightening global regulations and the imperative for deforestation-free supply chains.
              
              Sophim Partners with Essential Ingredients to Distribute Natural Cosmetic Ingredients in North America
              
              Sophim has announced a strategic partnership with Essential Ingredients, appointing them as their distributor for North America. This partnership aims to enhance the availability of Sophim’s natural ingredients, including olive squalane, across the U.S. and Canada. Essential Ingredients as a distribution partner, highlights their focus on integrating natural, high-performance ingredients that align with current market trends to better serve their clientele.
              
              Strategic Expansion of Groupe Berkem’s Cosmetics Division into the Indian Market through Partnership with Indchem International
              
              Groupe Berkem, a French company in bio-based chemistry, has strategically partnered with Indchem International, a key distributor, to enhance its presence in India's burgeoning cosmetics market. The partnership aligns with Groupe Berkem's goal to naturalize cosmetics, ensuring product quality and performance amid the transformative dynamics of the market. This agreement extends Groupe Berkem’s global reach, adding to its series of distribution alliances in key international markets, including recent agreements in Thailand, Korea, the UK, Benelux, Switzerland, Canada, and the United States.
            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 Cosmetic 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 Cosmetic Ingredients Market, highlighting leading vendors and their innovative profiles. These include AB Specialty Silicones, LLC, ACTIVON Co., Ltd., Ajinomoto Co., Inc., Asahi Kasei Corporation, Ashland Inc., BASF SE, Beiersdorf AG, Cargill Incorporated, Celim Biotech Co., Ltd., Clariant AG, Covestro AG, Croda International PLC, Daito Kasei Kogyo Co., Ltd., DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Gattefossé SAS, Givaudan, ICHIMARU PHARCOS Co., Ltd., Ineos Group Limited, INKOS Co., Ltd., International Flavors & Fragrances Inc., J2KBIO Co., Ltd., Kao Corporation, Kolmar BNH Co., Ltd., Koninklijke DSM N.V., L'Oréal S.A., Lanxess AG, Lonza Group Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Corporation, Momentive Performance Materials, Inc., Nouryon Chemicals Holding B.V., Roquette Frères S.A., SABIC, Sasol Limited, Seiwa Kasei Co., Ltd., Shin-Etsu Chemical Co., Ltd., Solvay S.A., SSH Korea, STOCKMEIER Holding SE, Sumitomo Corporation, Sunjin Beauty Science, Symrise AG, The Dow Chemical Company, The Estée Lauder Companies Inc., The Lubrizol Corporation, United Active Inc., and Wacker Chemie AG.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Cosmetic Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Antioxidants & Preservatives
              • Emollients
              • Polymers
              • Rheology Modifiers
              • Surfactants
              • Function
                • Cleansing Agent
                • Coloring Agent
                • Moisturizing Agent
                • Ingredient Type
                  • Fermented Ingredients
                  • Natural Ingredients
                  • Preservatives
                  • Synthetic Ingredients
                  • Application
                    • Fragrance
                    • Hair Care
                    • Makeup
                    • Skin 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