Global Personal Care Ingredients Market 2017-2021
About Personal Care Ingredients
Personal care ingredients are substances that are used in the production of skin care products, hair care products, cosmetics, fragrances and toiletries, and oral hygiene products. These ingredients provide personal care products with pleasant aromas, moisturizing capabilities, and conditioning features. Personal care ingredients are of two types: active ingredients and inactive ingredients.
Technavio’s analysts forecast the global personal care ingredients market to grow at a CAGR of 5.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global personal care ingredients market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Personal Care Ingredients Market 2017-2021
Technavio recognizes the following companies as the key players in the global personal care ingredients market: Ashland, BASF, Croda International, Dow Corning, and Solvay.
Other Prominent Vendors in the market are: Akzo Nobel, Aston Chemicals, Biosil Technologies, Clariant International, Eastman Chemical, Evonik Industries, Guangzhou Tinci Materials Technology, J.M. Huber, Lonza Group, Momentive Performance Materials Holdings, Royal DSM, Stepan, and Wacker Chemie.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for multi-functional products. The rising demand for multifunctional personal care products is an important driver of the global personal care ingredients market. Personal care and beauty products that offer multiple benefits are popular in the market, especially among consumers who have busy schedules and are cost conscious.”
According to the report, one driver in the market is growth in the market for personal care products for male consumers. The men’s grooming products is a market segment, which is showing huge potential in recent times. This is because increasing number of men are taking an interest in their appearance. This is leading several manufacturers to introduce formulations and product launches that would be suitable for men.
Further, the report states that one challenge in the market is intense competition among vendors. One of the major challenges that vendors face is sustaining and growing their market shares in a highly competitive market. The global personal care ingredients market consists of many companies producing a wide range of superior and innovative products on a global scale. It also consists medium and small-sized companies with limited product portfolios and geographical presence.
Ashland, BASF, Croda International, Dow Corning, Solvay, Akzo Nobel, Aston Chemicals, Biosil Technologies, Clariant International, Eastman Chemical, Evonik Industries, Guangzhou Tinci Materials Technology, J.M. Huber, Lonza Group, Momentive Performance Materials Holdings, Royal DSM, Stepan, and Wacker Chemie.