Overview:
Cosmetic ingredients market has showcased an upliftment over the past few years due to increasing consciousness among consumers to enhance their physical appearances. Cosmetic ingredients are generally a set of ingredients which are utilized in the formulation of cosmetics. It has been notified that increasing awareness towards clean label cosmetic products has led to development for eco-friendly cosmetic products. This will boost up the demand for cosmetic ingredients all across the globe in future.
The global cosmetic ingredients market is growing at a significant pace and is anticipated to observe robust growth over the forecast years till 2023. Increasing awareness towards appearance, brushing up and enhancing personal disposable income along with rising is expected to stimulate the growth of cosmetic ingredients market over the forecast period.
At present, North America region captured the maximum share in revenue of cosmetic ingredients market and is anticipated to dominate over the forecast period. Rising urbanization along with increasing desire for skin care is anticipated to expand the growth of the region over the forecast period.
The global Cosmetic Ingredients market is mainly concentrated in Europe and North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Cosmetic Ingredients market is segmented on the following bases:
Key Players Identified Across the Value Chain in the Cosmetic Ingredients Market include but are not limited to:
BASF SE, Sederma Inc, DuPont, Croda International, Akzo Nobel, The Dow Chemical Company, Colgate Palmolive, L’Oreal International, Unilever, COTY Inc, and others.
This report offers: