Cosmetic Ingredients Market-Escalating Demand For Cosmetic Products Across The World

Cosmetic Ingredients Market-Escalating Demand For Cosmetic Products Across The World
Global Cosmetic Ingredients Market: Snapshot
The global cosmetic ingredients market has been growing at a steady pace, thanks to the escalating
demand for cosmetic products across the world. The pursuit of beauty, together with the increasing
consciousness of consumers towards physical appearance, and the rising awareness among them
pertaining to skin care has fueled the demand for cosmetics substantially. Apart from this, the
increasing trend of the anti-aging formulations is also driving the growth of this market.
On the flip side, the implementation of stringent government rules and regulations upon a number
of ingredients is likely to act as a restraint in the growth trajectory of this market in the near future.
However, the frequent and continual changes in the preferences of consumers are anticipated to
generate lucrative opportunities for the progress of this market over the years to come.
The global cosmetic ingredients market was worth US$22.89 bn in 2016 and is expected rise at a
CAGR of 4.60% from 2017 to 2025, increasing to US$33.80 bn by the end of 2025.
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Moisturizing Agents to Enjoy Continued High Demand
Cosmetic ingredients are mainly utilized as cleansing agents, moisturizing agents, and coloring
agents. Among these, the moisturizing agents segment holds the most prominent share in this
market, thanks to the extensive usage of moisturizing agents in skin care, hair care, and makeup
cosmetics. Researchers anticipate the scenario to remain same over the next few years.
The demand for cleansing agents is also expected to increase considerably in the near future,
especially in the skin care and hair care products. The growing awareness among consumers
regarding the benefits offered by cleansing agents, such as effective removal of oil and dirt from
skin and hair, is expected to influence their demand in the years to come.
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Asia Pacific to Remain Dominant in Global Cosmetic Ingredients Market
On the basis of geography, the worldwide cosmetic ingredients market has been segmented into
North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Primarily
driven by China, India, Japan and the Rest of Asia Pacific, Asia Pacific led the global market in
2016 with a total share of 32.02%. The strengthening economy of Asian countries has increased the
disposable income of Asian consumers, reflecting greatly on their living standard, which
consequently, is influencing their aesthetic consciousness. With the increased purchasing power,
consumers are willing to spend on high-end expensive cosmetic products, in a bid to look good.
This, as a result, is likely to stimulate the market for cosmetic ingredients in Asia Pacific over the
forthcoming years remarkably, ensuring its dominance on the global market.
China has surfaced as the most prominent domestic market for cosmetic ingredients in Asia Pacific
as well as the whole world, thanks to the presence of a large pool of cosmetic product
manufacturers. Analysts expect that China will remain sitting in this position over the next few
years, thanks to the availability of low cost of raw materials and the increasing investments by
leading players. Europe, among other regional markets, is expected to witness healthy growth in the
years to come. France, Italy, Germany, the U.K., and the Rest of Europe are likely to drive the
Europe cosmetic ingredients market in the near future, in which, France is anticipated to emerge as
the leading domestic market, closely followed by Italy and Germany.

Cosmetic Ingredients Market