PRESS RELEASE
Published January 27, 2023
increasing sales of personal care chemicals contributed to over 4.8% of total consumption In 2021. The market for personal care goods has grown significantly, with more skin whitening, hair care, sun care, and anti-inflammatory product categories available.
The evolution of product formulations increased research and development activities around the world, and nascent consumer awareness about combinations of botanicals and other active ingredients are the reasons for the remarkable shift in consumer preference from chemical-based components to botanical extracts.
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The global personal care active ingredients market is expected to reach $1.9 billion in 2022 and increase at a 5.1% CAGR to $3.2 billion by the end of 2032.
During the pandemic period, stakeholders in the personal care active ingredients market worldwide saw a surge in demand for these compounds. On the heels of increased consumer awareness, the industry reported a more than threefold growth in 2021 over 2020.
The growth pattern seen in 2020-21 was repeated in the first half of 2022, with sales of Personal care active ingredients continuing to rise northward. Personal care product brand owners choose omnichannel retailing, with top-selling products available in both offline and online retailing SKUs.
Key Companies Profiled
- BASF SE
- BERKEM
- BGG
- Clariant AG
- Corum
- Croda
- DSM
- DOW
- Evonik Industries AG
- Gattefossé
- Givaudan
- GREENTECH
- Kyowa Hakko USA Inc.
- LipoTrue
- Lucas Meyer Cosmetics
- Nouryon
- Provital Group
- Symrise AG
- Tishcon Corporation
- Vantage Specialty Ingredients Inc.
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Choosing the proper component or product with the least amount of negative effects can be a difficult undertaking. Consumers are drawn to these substances because of their scientifically established skin advantages.
Too many skincare brands have entered the market, ranging from herbal to chemical formulas. Aincluderoxy acid, vitamin C as an anti-oxidant, hyaluronic acid, retinol, niacin amide, vitamin E, and other active substances are commonly utilized in cosmetics.
Segmentation of Personal Care Active Ingredients market
- PCAI By type :
- Botanical Extracts
- Enzymes & Coenzymes
- Proteins & Peptides
- Amino Acid
- Quat & Native Proteins
- Synthetic Peptides
- Others
- Synthetic Actives
- Vitamin A and Derivatives
- Vitamin B and Derivatives
- Vitamin C and Derivatives
- Vitamin E and Derivatives
- Salicylic Acid
- Glycolic Acid
- Others
- Biotechnology Products
- Ceramides
- Hyaluronic Acid
- Others
- Marine Ingredients
- Substantiated Algae Extra
- Chitosan
- Others
- PCAI By Product category :
- Anti-aging
- Anti-Acne
- Anti-inflammatory
- Skin Lightening
- Slimming
- Sun Care
- Hair Care
- PCAI By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEAs
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