Symrises News Facility for Cosmetic Ingredients to Open Soon in Chennai
Author: Precedence Research
Symrise AG, one of the most reputable companies for the cosmetic ingredients market announced the opening of their first facility of cosmetic ingredients at Chennai, Tamil Nadu, India. This state-of-the-art facility was officially inaugurated in September 2024. This facility by Symrise is a milestone for the growth of the cosmetic industry in the region with its array of high-quality ingredients will be produced here.
The rising demand for cosmetics, expanding e-commerce industry combined with substantial research and development efforts in the Asia Pacific region, has helped it to dominate the cosmetic ingredients market in the past few years.
- In fact, the Asia Pacific region is now home to over 60% of the global cosmetic consumer base, with India, China, Japan, and South Korea being the primary contributors.
The growing popularity and demand for cosmetics worldwide is being helped along by new developments, enhancement of quality and wider range of cosmetic products. Established companies like Symrise AG are investing and strategizing for further growth of the cosmetic ingredient market in this region.
Cosmetic Ingredients Market Size and Growth
The global cosmetic ingredients market size was estimated at USD 1.88 billion in 2024 and is projected to surpass around USD 2.71 billion by 2032, growing at a CAGR of 4.65% from 2023 to 2032.
Cosmetic Ingredients Market Key Insights
- In 2024, Asia Pacific held the largest market share of 33.04% in cosmetic ingredients market. Th extensive research and development undertaken by key players have boosted this market in the region.
- By ingredient type, the surfactant segment dominated the market with a share of 25% in 2024. These compounds have the ability to create stable emulsions which positively affect the quality and shelf life of cosmetics.
- By ingredient type, the powders segment is observed to expand at the fastest CAGR of 4.79% between 2024 to 2032. This segment is on the rise because of demand for cosmetics that suit oily or mixed skin as this ingredient helps absorb oil.
- By ingredient function, the emulsifier segment held the largest share of 29% in 2024. The versatility of this compound enables a wide range of application for different type of cosmetics.
- By ingredient function, the emollient segment is expected to grow at a CAGR of 4.86% during the forecast period. Emollients seal moisture, maintain healthy skin barrier and shield skin from any external stresses.
- By application, the facial makeup segment held the largest share of 24% in 2024. The rise in social media, improved quality, awareness and tutorials have contributed to rising demand.
- By application, the nail products segment is expected to expand at a CAGR of 4.82% during the forecast period. Nail art is becoming an expression of creativity and self, increasing demand for variety in colors and finishes.
Cosmetic Ingredient Trends in India
- India's cosmetic market is seeing a rapid shift towards clean beauty and sustainability, with consumers showing heightened interest in natural and organic ingredients. This trend is fueled by the growing awareness of harmful chemicals in traditional cosmetic products and an increasing demand for safer, healthier alternatives.
- As a result, natural ingredients such as turmeric, neem, aloe vera, and sandalwood are becoming staples in skincare and haircare formulations.
- India’s rich biodiversity and traditional wellness practices, including Ayurveda, are also providing a strong foundation for innovation in the cosmetic ingredients sector.
- Manufacturers are focusing on sourcing indigenous, plant-based ingredients that not only offer natural beauty benefits but also have a lower environmental impact.
Cosmetic Ingredients Market Top Companies
- Symrise AG
- Givaudan
- BASF
- Croda International Plc
- EVONIK INDUSTRIES AG
- Lonza Ltd.
- CLARIANT
- Dow
- The Lubrizol Corporation
- Ashland
- ZSCHIMMER & SCHWARZ CHEMIE GMBH
- Gattefosse
- Nouryon
Recent Highlights
- Many key players are taking efforts for development and research of new and natural cosmetics products that are chemical free and sustainable to keep up with rising demand for clean label cosmetic products globally.
- In September 2024, Givaudun Active Beauty launched a new range of active botanical extracts that will transform the N.A.S Vibrant Collection. This line is made up of 100% natural and original active extracts that will have significant performance and skin benefits for consumers.
- In April 2024, BASF unveiled a new digital service called ‘Ingredients Revealed’ for cosmetic formulations. This service aligns with BASF’s “Beyond Beauty” campaign that aims to create transparency, sustainable and ecological solutions that will place itself along with consumer values.
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