The global cosmetic ingredients market size was exhibited at USD 32 billion in 2022 and is projected to hit around USD 55.44 billion by 2032 with a registered CAGR of 5.7% during the forecast period 2023 to 2032.
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Cosmetic ingredients are the elements that go into the creation of cosmetic goods like body lotions, eyeliners, lipsticks, moisturizers, and lotions with sunscreen. Water, moisturizers, preservatives, emulsifiers, thickeners, lubricants, pigments, and perfumes are some of the substances used in cosmetics. Ingredients for cosmetics can be created synthetically or obtained from natural sources like items derived from plants. They are utilized to give cosmetic products anti-oxidant, anti-inflammatory, thickening, and moisturizing characteristics. They are additionally employed to improve the texture and appearance of cosmetic goods. Green cosmetics that are beneficial to the environment have been developed as a result of growing awareness of clean-label cosmetic goods. Manufacturers of cosmetic ingredients work hard to develop new products and components while also conducting considerable research and development in order to satisfy consumer demands. Asia Pacific is predicted to have the highest demand for products made with organic components, which will in turn significantly fuel the expansion of the global cosmetics ingredients market over the course of the next five to six years.
Nowadays, customers choose to use fully natural and herbal personal care and cosmetic products because they don't include any dangerous chemicals that could hurt their skin. Major producers and players in the worldwide cosmetic ingredients market have taken notice of the growing demand for herbal cosmetic products and are progressively developing new lines of herbal components, mostly in developed regions like North America and Europe.
The growing consumer awareness of the advantages and drawbacks of using products made with particular specific ingredients, as well as the increasing focus on improving and modifying the textual features of various ingredients used in the personal care and cosmetics industries, are also anticipated to fuel demand within the global market for cosmetic ingredients in the upcoming years. The ongoing efforts and financial resources devoted to advancing research and development within the global market for cosmetic ingredients, to create new goods and solutions, are also anticipated to give the market pace in the near future.
| Report Coverage | Details |
| Market Size in 2023 | USD 33.66 Billion |
| Market Size by 2032 | USD 55.44 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.7% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered |
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| Regions Covered |
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Key Market Drivers
Key Market Challenges
Key Market Opportunities
On the basis of ingredient type, the natural ingredient segment is expected to have the largest market share in 2022. Vitamins, fatty acids, and antioxidants that are easily absorbed by the skin are abundant in natural cosmetic substances like plant extracts and starch.
Natural ingredients, as opposed to synthetic ones, extend the shelf life of cosmetic products and have no detrimental effects on health. As emulsifiers, emollients, and preservatives, the natural ingredients have a wide range of uses because of their high performance and ecologically friendly makeup. Due to the significant increase in cosmetics consumption and the rising need for ecologically friendly chemicals, the demand for natural ingredients in the cosmetics and personal care sector has increased, which is propelling the segment growth in the cosmetic ingredients market.
On the basis of end-use, the skin care segment is expected to have the largest market share in the coming years period, the segment has dominated the market and it will continue to grow well in terms of revenue. Increased demand for skin care products (face washes, creams & moisturizers, sunscreens, face masks, serums or oils, etc.) and expanding use of ingredients like alpha-hydroxy acids, beta-hydroxy acids, retinol, hydroquinone, copper peptide, and kojic acid in skin care products are some of the main factors boosting this segment's revenue growth.
On the basis of geography, Asia-Pacific has captured the highest revenue share in 2022. The region has seen a considerable increase in the use of beauty care goods, particularly skincare, as a result of the quick change in consumer lifestyle and the rising popularity of natural cosmetics. According to a statement made by L'Oréal, the company's active cosmetic product sales in China increased by 13.4% in Q1 2022 compared to Q1 2021. The demand for cosmetic components serving as emulsifiers and preservatives in the area is being driven by the rising cosmetic product consumption in key Asia-Pacific nations like China, which will boost the market for cosmetic ingredients during the forecast period.
In terms of revenue share in 2022, the market for cosmetic ingredients in North America accounted for a sizeable portion. Consumers' increased attention to beauty and personal care, particularly among millennials, rising demand for cosmetics like eye and facial make-up, rising incidences of skin problems like acne and hair issues like hair loss, split ends, dandruff, and premature greying, rising demand for herbal or natural cosmetic products, and consumers' high purchasing power are all major drivers of regional market revenue growth.
Segments Covered in the Report
By Ingredient Type
By Product Type
By Functionality
By End Use
By Geography
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