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Global Cosmetic Ingredients Market to Grow by 4.4% to Reach
US$15,313.9 Mn in 2016; Western Europe to Remain the Largest
Market Globally
The global cosmetic ingredients market was valued at US$ 14,671.2 Mn in 2015, and
is expected to grow at a year-over-year rate of 4.4% to reach US$ 15,313.9 Mn in
2016. In terms of value, Western Europe dominated the global cosmetics ingredients
market with 28.0 % share in 2015. Western Europe and North America collectively
are expected to account for 54.1% of the total cosmetics ingredients market share in
terms of revenue in 2016
The global cosmetic ingredients market is expected to increase at a CAGR of 4.5%
during the forecast period 2015−2025.
PMR new research report offers market forecast and analysis on the global cosmetic
ingredients market. Demand for cosmetic ingredients is growing as consumers put
increasing emphasis on appearance.
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Key trends in the global cosmetic ingredients market include rapid urbanisation,
introduction of innovative products with more visible effects, growing disposable
income, and increasing emphasis on appearance and good-looks.
On the basis of product type polymer segment is expected to witness the highest
growth, followed by surfactant segment. These two product type segments are
anticipated to witness a year-over-year growth of 3.6% and 5.3% respectively in
2016.
On the basis of application, the global cosmetics ingredients market is segmented into
hair care, skin care, fragrance, make up, oral care and products including shaving kits
and body hair removers. Skin care is the largest application segment, accounting for
31.6% revenue share of the market in 2016. This segment is anticipated to grow by
5.2% in 2016 to reach US$ 4,816.4 Mn in revenues.
By functionality, the cosmetics ingredients market is segmented into foamers &
cleansing agent, moisturising, fragrance, toners and colouring agents. Amongst these
segments, moisturising is the largest segment in terms of revenue, accounting for
25.1% share in 2015. This segment is anticipated to witness a year—over-year
growth of 4.8% in 2016 to reach US$ 3,856.4 Mn.
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Regionally, Western Europe will continue to remain the largest market for cosmetic
ingredients in 2016. The market in the Western Europe is expected to grow by 3.8%
in 2016 to reach US$ 4,256.9 Mn in revenues. The key factors fuelling the market in
the region include increasing demand for skin care and hair care ingredients such as
surfactant t, emollient, polymer – particularly specialty cosmetic ingredients such as
antimicrobial and UV absorber. Other trends driving market growth include rapid
urbanisation in developing countries and development of new and innovative
products by various players in the market. North America, the second-largest market
for cosmetic ingredients globally is anticipated to increase at 4.6% in 2016.
Key participants in the global cosmetics ingredients market include Akzo Nobel N.V.,
BASF SE, Croda International Plc, Eastman Chemical Company and The Dow
Chemical Company. Key end-use companies identified for cosmetics ingredients
include Unilever, L'Oréal International, The Estée Lauder Companies Inc., ColgatePalmolive Company and COTY Inc.
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