Personal Care Specialty Ingredients Market Size, Share, & Trends Analysis Report By Product (Active, Inactive), By Application (Skin Care, Hair Care, Oral Care, Color Cosmetics, Others), By Region, And Segment Forecasts, 2023 - 2030

Personal Care Specialty Ingredients Market Size, Share, & Trends Analysis Report By Product (Active, Inactive), By Application (Skin Care, Hair Care, Oral Care, Color Cosmetics, Others), By Region, And Segment Forecasts, 2023 - 2030

Personal Care Specialty Ingredients Market Growth & Trends

The global personal care specialty ingredients market size is expected to reach USD 19.07 billion by 2030, expanding at a CAGR of 5.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising consumer awareness towards personal care and hygiene is expected to be a major factor for substantial market growth over the next few years. In addition, increasing disposable income in the emerging economies, particularly in the Asia-Pacific countries such as China and India, is expected to have a positive effect on market growth.

High penetration of this segment in personal care sector can be attributed to its chemical properties that make it compatible with several other ingredients. The anionics dominated the surfactant product segment owing to its use in a variety of personal care products, such as skin care, hair care and color cosmetics.

Personal Care Specialty Ingredients Market Report Highlights

• The personal care specialty ingredients market is estimated to grow at a CAGR of 5.4% over the forecast period. Growth in this segment is attributed to the significant product demand in enhancing the effectiveness of primary components in cosmetic products.
• Conditioning polymers are anticipated to witness the highest growth of 5.9% over the forecast period. Ongoing research activities in protein and polyquaternium-based ingredients to develop competent hair conditioning products is expected to offer ample opportunities for industry participants over the long term.
• Asia Pacific dominated the market and accounted for the largest revenue share of 33.8% in 2022
• Key industry participants in the market include Ashland, BASF, Croda, Evonik, and Dow Chemical. Other major players include Inolex, Naturex, Clariant International, Vantage Specialty Ingredients, LotionCrafter, Avenir Ingredients, Treatt, and Cosmetics Ingredients (Pty) Ltd.

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