Global Cosmetic Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cosmetic Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The key ingredients present in most cosmetics include surfactants, emulsifiers, polymers, antioxidants and preservatives, rheology modifiers and so on. Cosmetic ingredients can be naturally occurring or man-made, but any potential impact on people's health mainly depends on their chemical composition.

Market Overview:

The latest research study on the global Cosmetic Ingredients market finds that the global Cosmetic Ingredients market reached a value of USD 26014.71 million in 2022. It’s expected that the market will achieve USD 46010.58 million by 2028, exhibiting a CAGR of 9.97% during the forecast period.

The COVID-19 epidemic has affected all aspects of the economy and changed our thinking to create a better and healthier world. During the epidemic, the cosmetics industry was seriously affected by the interruption of raw material supply, production process, marketing and finished product distribution. The factors driving the growth of the cosmetics industry before COVID-19 were modern lifestyle, aesthetic appeal and highlighting/promoting brands on various media platforms. However, with the outbreak of coronavirus, the cosmetics market experienced a serious decline due to the blockade and the closure of offline stores around the world. The fluctuation of the downstream industry has had a huge impact on the Cosmetic Ingredients industry.

Although the outbreak of COVID-19 forced the world to close its borders, with the increasing demand for natural and healthier products, it inspired the idea of rebuilding better. According to a recent survey, consumers believe that healthy skin is one of the factors against environmental stress, so natural and organic ingredients are becoming more and more popular after the pandemic. Consumers' views on hygiene, health and safety will lead to a longer shift in their consumption focus, and turn to value-for-money products. This will promote the demand for more natural and healthy cosmetic ingredients.

Strength

With people's contact time with cosmetics getting longer and longer, and their knowledge of cosmetics getting better, cosmetics are becoming more and more necessary for people's daily life. Besides the original consumers, the purchasing power of millennials and other emerging consumers represented by young students is also increasing year by year.
More and more men are paying attention to personal image building. Men in new first-tier cities are paying more attention to skin care products such as masks and essences. With the change in men's consumption concept, it is expected that more and more men will pay attention to beauty and skin care products in the future.
With the continuous improvement of economic level and the increasing social pressure, more and more urban white-collar workers and other people with higher consumption level begin to pay attention to the fragrance market. To some extent, high-end fragrance has become the embodiment of personal taste, which is deeply influenced by high-consumption people. Fragrance itself has the effect of soothing nerves and relieving stress. Nowadays, the pressure of social work and life is increasing, prompting more and more people to buy fragrance products to relieve the pressure of daily work.
The growing downstream demand will promote the development of Cosmetic Ingredients industry.

Weakness

The cost of raw materials accounts for a large proportion of the total cost. The fluctuation of raw material price will directly affect the cost of raw materials. The price of raw materials rises, and the cost of enterprises increases. The price of raw materials decreases, and the cost of enterprises decreases. Due to the fluctuation of market supply and demand and the promotion of capital market, the prices of different raw materials show different trends. Generally speaking, this will be a fluctuating state.

Region Overview:

Geographically, Asia Pacific held the largest market share--36.95% in 2021.

Company Overview:

BASF is one of the major players operating in the Cosmetic Ingredients market, holding a share of 12.78% in 2022.

BASF

BASF is a German chemical company, and in terms of revenue, it is the world's largest chemical producer. BASF operates in a variety of markets. Its business is organized into the segments of Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas.

Clariant

As one of the worlds leading specialty chemical companies, Clariant contributes to value creation with innovative and sustainable solutions for customers from many industries. Clariant's portfolio is designed to meet very specific needs with as much precision as possible. At the same time, Clariant research and development are focused on addressing the key trends of our time. These include energy efficiency, renewable raw materials, emission-free mobility, and conserving finite resources. Clariant reports in three business areas: Care Chemicals, Natural Resources and Catalysis.

Segmentation Overview:

Among different product types, Synthetic segment is anticipated to contribute the largest market share in 2027.

Natural

Natural cosmetics are defined as products made from natural ingredients, containing minimal levels of synthetic substances.

Synthetic

A synthetic ingredient is anything synthetically derived, i.e. not found and harvested directly from nature.

Biotechnologies

Biotech ingredients are made by microbes, often bacteria or yeast or algae that have undergone DNA editing so that their metabolic process will result in a commercially viable molecule.

Application Overview:

By application, the Hair Care segment occupied the biggest share from 2017 to 2022.

Skin Care

There are many ingredients in cosmetics that have a care effect on the skin, and their chemical properties are diverse. They work through their different principles to care for people's skin and help the skin to be more moisturized, firm, smooth, and bright. Such as moisturizing glycerin, hyaluronic acid, collagen hydrolysate, etc., ceramide and vitamin E that can repair the stratum corneum, salicylic acid, keratinase, etc. that can help exfoliation; Antioxidant superoxide dismutase (SOD), vitamin C derivatives, etc., jojoba oil and shea butter, etc. which can moisturize the skin.

Nail Care

Nail care is cosmetics used to modify and increase the beauty of nails. It can form a layer of friction-resistant film on the surface of the nails to protect and beautify the nails.

Make up

Make-up is the use of cosmetics and tools, and the use of rules and techniques to render, paint, and organize the face, facial features and other parts of the human body. It can enhance the three-dimensional impression, adjust the shape and color, cover up the defects, and show the spirit, so as to achieve the purpose of beautifying the visual experience. Successful makeup can arouse people's potential mental and physical vitality, enhance self-confidence, refresh people, and help eliminate fatigue and delay aging.

Hair Care

Washing hair removes excess sweat and oil, as well as unwanted products from the hair and scalp. Often hair is washed as part of a shower or bathing with shampoo, a specialized surfactant. Cosmetic Ingredients are generally added to shampoo, conditioner and other hair care products to clean and nourish the head.

Key Companies in the global Cosmetic Ingredients market covered in Chapter 3:

Nouryon
Lonza
Stepan Company
Solvay
Givaudan
Innospec
Dow Inc.
Clariant
INOLEX
Evonik
Ashland
Croda
BASF
IFF
Lubrizol
DSM
Symrise AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Cosmetic Ingredients market from 2018 to 2029 is primarily split into:

Natural
Synthetic
Biotechnologies

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cosmetic Ingredients market from 2018 to 2029 covers:

Skin Care
Nail Care
Make up
Hair Care
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)