Bio-based Cosmetics and Personal Care Ingredients Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Active Ingredients (Vitamins & Derivatives, Ceramides, Peptides, Resveratrol, Potassium Sorbate, Bio-Succinic Acid, Hyaluronic Acid, Glycerin, Creatine, Alpha Hydroxy Acids); By Application (Skin & Sun Care, Hair Care, Make-up, Color Cosmetics, Fragrances); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Bio-based Cosmetics and Personal Care Ingredients Market Size Set to Cross USD 7 Billion by 2029
Global bio-based cosmetics and personal care ingredients market is flourishing because of rising concerns about the environmental impact of chemical-based personal care products, increasing consumer awareness regarding the benefits of using bio-based products, and high disposable income and changing lifestyles of consumers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global bio-based cosmetics and personal care ingredients market size at USD 4,887.55 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global bio-based cosmetics and personal care ingredients market size to grow at a steady CAGR of 4.48% reaching a value of USD 7,048.25 million by 2029. Major growth drivers for global bio-based cosmetics and personal care ingredients market include growing industrial automation and investment capacities of industrial customers in increasing demand for natural and sustainable products, as well as the increasing awareness about the harmful effects of synthetic chemicals used in cosmetics and personal care products. Consumers are becoming more conscious about the impact of their choices on the environment and are looking for natural and sustainable products. Bio-based cosmetics and personal care ingredients are derived from renewable resources and are considered more sustainable and environmentally friendly than their synthetic counterparts. The clean beauty movement emphasizes the use of natural, non-toxic, and eco-friendly products coupled with rising disposable income in emerging economies are driving demand for premium cosmetics and personal care products, including those made from bio-based ingredients.
Global Bio-Based Cosmetics and Personal Care Ingredients Market – Overview
Bio-based cosmetics and personal care ingredients are ingredients that are derived from renewable resources, such as plants, algae, and microorganisms. These ingredients are considered more sustainable and environmentally friendly compared to their synthetic counterparts, as they have a lower environmental impact and are biodegradable. Bio-based ingredients offer a range of benefits for the skin and hair, such as hydration, anti-aging, and anti-inflammatory properties. They are used in a variety of personal care and cosmetic products, including skin care, hair care, makeup, and fragrances. Bio-based cosmetics and personal care ingredients are becoming increasingly popular due to the growing demand for natural and sustainable products, as well as the increasing awareness about the harmful effects of synthetic chemicals used in cosmetics and personal care products.
Impact of COVID-19 on Global Bio-Based Cosmetics and Personal Care Ingredients Market
COVID-19 pandemic had a dual impact on the global bio-based cosmetics and personal care ingredients market. While supply chain disruptions caused delays in the production and distribution of raw materials, leading to some shortages and increased prices, the pandemic also led to a shift in consumer preferences toward natural and sustainable products. It resulted in an increased demand for bio-based cosmetics and personal care ingredients, as consumers become more conscious of the impact of their choices on the environment and their health. Also, the pandemic highlighted the importance of clean beauty and personal hygiene, leading to an increased demand for bio-based ingredients in personal care and hygiene products.
Global Bio-Based Cosmetics and Personal Care Ingredients Market – By Application
Based on application, global bio-based cosmetics and personal care ingredients market is divided into Skin & Sun Care, Hair Care, Make-up, Color Cosmetics, and Fragrances segments. The skin & sun care segment dominates the global bio-based cosmetics and personal care ingredients market, due to the increasing demand for natural and safe products. Bio-based ingredients used in skin and sun care products are considered safer and more sustainable alternatives to synthetic ingredients, appealing to consumers who are concerned about the impact of synthetic chemicals on their skin and health. Consumers are paying more attention to skin protection with increasing awareness of the harmful effects of UV radiation, and bio-based ingredients in sun care products, such as natural UV filters, offer effective sun protection while being safe and eco-friendly. Moreover, bio-based ingredients in skin & sun care products offer multiple benefits, such as moisturizing, anti-aging, and skin brightening effects, making them a popular choice among consumers.
Competitive Landscape
Major players operating in global bio-based cosmetics and personal care ingredients market include BASF SE, Clariant International Ltd., Croda International Plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG, Givaudan SA, International Flavors & Fragrances Inc., Koninklijke DSM N.V., L'Oreal S.A., Lonza Group AG, Royal DSM N.V., Symrise AG, The Lubrizol Corporation, and Wacker Chemie AG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Bio-Based Cosmetics and Personal Care Ingredients Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Bio-Based Cosmetics and Personal Care Ingredients Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Lithium-ion Battery Recycling Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing adoption of lithium-ion batteries in consumer electronics
- 3.2.1.2. Rising environmental concerns and focus on sustainability
- 3.2.1.3. Government initiatives promoting the adoption of electric vehicles and battery recycling
- 3.2.2. Restraints
- 3.2.2.1. High costs associated with lithium-ion battery recycling
- 3.2.2.2. Technical challenges in the recycling process
- 3.2.3. Opportunities
- 3.2.3.1. Rising demand for recycled materials, such as lithium and cobalt, in battery manufacturing
- 3.2.3.2. Advancements in recycling technologies leading to cost reductions
- 3.2.4. Challenges
- 3.2.4.1. Difficulty in maintaining the quality and consistency of recycled materials
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Global Lithium-ion Battery Recycling Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share and Forecast
- 4.2.1. By Source
- 4.2.1.1. Automotive
- 4.2.1.2. Electronics
- 4.2.1.3. Power Tools
- 4.2.1.4. Others
- 4.2.2. By Battery Chemistry
- 4.2.2.1. Lithium-Iron Phosphate
- 4.2.2.2. Lithium-Manganese Oxide
- 4.2.2.3. Lithium-Nickel-Cobalt-Aluminum Oxide
- 4.2.2.4. Lithium-Nickel-Manganese-Cobalt
- 4.2.2.5. Lithium-Titanate Oxide
- 4.2.2.6. Others
- 4.2.3. By Recycling Process
- 4.2.3.1. Hydrometallurgical Process
- 4.2.3.2. Physical/Mechanical Process
- 4.2.3.3. Pyrometallurgy Process
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America (LATAM)
- 4.2.4.5. Middle East and Africa (MEA)
- 5. North America Lithium-ion Battery Recycling Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Source
- 5.2.2. By Battery Chemistry
- 5.2.3. By Recycling Process
- 5.2.4. By Country
- 5.2.4.1. United States
- 5.2.4.1.1. By Source
- 5.2.4.1.2. By Battery Chemistry
- 5.2.4.1.3. By Recycling Process
- 5.2.4.2. Canada
- 5.2.4.2.1. By Source
- 5.2.4.2.2. By Battery Chemistry
- 5.2.4.2.3. By Recycling Process
- 6. Europe Lithium-ion Battery Recycling Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Source
- 6.2.2. By Battery Chemistry
- 6.2.3. By Recycling Process
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Source
- 6.2.4.1.2. By Battery Chemistry
- 6.2.4.1.3. By Recycling Process
- 6.2.4.2. United Kingdom
- 6.2.4.2.1. By Source
- 6.2.4.2.2. By Battery Chemistry
- 6.2.4.2.3. By Recycling Process
- 6.2.4.3. Italy
- 6.2.4.3.1. By Source
- 6.2.4.3.2. By Battery Chemistry
- 6.2.4.3.3. By Recycling Process
- 6.2.4.4. France
- 6.2.4.4.1. By Source
- 6.2.4.4.2. By Battery Chemistry
- 6.2.4.4.3. By Recycling Process
- 6.2.4.5. Spain
- 6.2.4.5.1. By Source
- 6.2.4.5.2. By Battery Chemistry
- 6.2.4.5.3. By Recycling Process
- 6.2.4.6. Belgium
- 6.2.4.6.1. By Source
- 6.2.4.6.2. By Battery Chemistry
- 6.2.4.6.3. By Recycling Process
- 6.2.4.7. Russia
- 6.2.4.7.1. By Source
- 6.2.4.7.2. By Battery Chemistry
- 6.2.4.7.3. By Recycling Process
- 6.2.4.8. The Netherlands
- 6.2.4.8.1. By Source
- 6.2.4.8.2. By Battery Chemistry
- 6.2.4.8.3. By Recycling Process
- 6.2.4.9. Rest of Europe
- 6.2.4.9.1. By Source
- 6.2.4.9.2. By Battery Chemistry
- 6.2.4.9.3. By Recycling Process
- 7. Asia-Pacific Lithium-ion Battery Recycling Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Source
- 7.2.2. By Battery Chemistry
- 7.2.3. By Recycling Process
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Source
- 7.2.4.1.2. By Battery Chemistry
- 7.2.4.1.3. By Recycling Process
- 7.2.4.2. India
- 7.2.4.2.1. By Source
- 7.2.4.2.2. By Battery Chemistry
- 7.2.4.2.3. By Recycling Process
- 7.2.4.3. Japan
- 7.2.4.3.1. By Source
- 7.2.4.3.2. By Battery Chemistry
- 7.2.4.3.3. By Recycling Process
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Source
- 7.2.4.4.2. By Battery Chemistry
- 7.2.4.4.3. By Recycling Process
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Source
- 7.2.4.5.2. By Battery Chemistry
- 7.2.4.5.3. By Recycling Process
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Source
- 7.2.4.6.2. By Battery Chemistry
- 7.2.4.6.3. By Recycling Process
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Source
- 7.2.4.7.2. By Battery Chemistry
- 7.2.4.7.3. By Recycling Process
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Source
- 7.2.4.8.2. By Battery Chemistry
- 7.2.4.8.3. By Recycling Process
- 7.2.4.9. Vietnam
- 7.2.4.9.1. By Source
- 7.2.4.9.2. By Battery Chemistry
- 7.2.4.9.3. By Recycling Process
- 7.2.4.10. Rest of APAC
- 7.2.4.10.1. By Source
- 7.2.4.10.2. By Battery Chemistry
- 7.2.4.10.3. By Recycling Process
- 8. Latin America Lithium-ion Battery Recycling Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Source
- 8.2.2. By Battery Chemistry
- 8.2.3. By Recycling Process
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Source
- 8.2.4.1.2. By Battery Chemistry
- 8.2.4.1.3. By Recycling Process
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Source
- 8.2.4.2.2. By Battery Chemistry
- 8.2.4.2.3. By Recycling Process
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Source
- 8.2.4.3.2. By Battery Chemistry
- 8.2.4.3.3. By Recycling Process
- 8.2.4.4. Peru
- 8.2.4.4.1. By Source
- 8.2.4.4.2. By Battery Chemistry
- 8.2.4.4.3. By Recycling Process
- 8.2.4.5. Rest of LATAM
- 8.2.4.5.1. By Source
- 8.2.4.5.2. By Battery Chemistry
- 8.2.4.5.3. By Recycling Process
- 9. Middle East & Africa Lithium-ion Battery Recycling Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Source
- 9.2.2. By Battery Chemistry
- 9.2.3. By Recycling Process
- 9.2.4. By Country
- 9.2.4.1. Saudi Arabia
- 9.2.4.1.1. By Source
- 9.2.4.1.2. By Battery Chemistry
- 9.2.4.1.3. By Recycling Process
- 9.2.4.2. UAE
- 9.2.4.2.1. By Source
- 9.2.4.2.2. By Battery Chemistry
- 9.2.4.2.3. By Recycling Process
- 9.2.4.3. Qatar
- 9.2.4.3.1. By Source
- 9.2.4.3.2. By Battery Chemistry
- 9.2.4.3.3. By Recycling Process
- 9.2.4.4. Kuwait
- 9.2.4.4.1. By Source
- 9.2.4.4.2. By Battery Chemistry
- 9.2.4.4.3. By Recycling Process
- 9.2.4.5. South Africa
- 9.2.4.5.1. By Source
- 9.2.4.5.2. By Battery Chemistry
- 9.2.4.5.3. By Recycling Process
- 9.2.4.6. Nigeria
- 9.2.4.6.1. By Source
- 9.2.4.6.2. By Battery Chemistry
- 9.2.4.6.3. By Recycling Process
- 9.2.4.7. Algeria
- 9.2.4.7.1. By Source
- 9.2.4.7.2. By Battery Chemistry
- 9.2.4.7.3. By Recycling Process
- 9.2.4.8. Rest of MEA
- 9.2.4.8.1. By Source
- 9.2.4.8.2. By Battery Chemistry
- 9.2.4.8.3. By Recycling Process
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Lithium-ion Battery Recycling Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Lithium-ion Battery Recycling Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Li-Cycle Corp
- 12.2. Recupyl SAS
- 12.3. American Manganese Inc.
- 12.4. Retriev Technologies
- 12.5. Gopher Resource LLC
- 12.6. Battery Recycling Made Easy
- 12.7. Fortum Oyj
- 12.8. Raw Materials Company Inc.
- 12.9. Tes-Amm Recycling Inc.
- 12.10. Glencore International AG.
- 12.11. Ganfeng Lithium Co. Ltd
- 12.12. Attero
- 12.13. ACCUREC-Recycling GmbH
- 12.14. Duesenfeld GmbH
- 12.15. Tata Chemicals Ltd
- 12.16. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
Research Assistance
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