Cosmetic Ingredients Market to Reach Valuation of USD 42.9 Billion by 2028 –Increasing Research & Development Activities for Effective and Skin-Friendly Cosmetic IngredientsDrives the Market

In terms of revenue, the Global Cosmetic Ingredients Market is expected to reach USD 42.9 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.00% from 2022 to 2028.

Modern consumers' growing awareness of the beauty and personal care issues, changing consumer lifestyles, rising beauty & lifestyle trends, and rising use of cosmetics and personal care products (like eye and facial makeup formulas, lipsticks, fingernail paints, skin moisturizers, face serums, color cosmetics, shampoos, perfumes & deodorants, etc.), and rising disposable incomes of consumers are key factors driving the global market revenue growth.

Key Developments in the Industry

· Sharon Laboratories Ltd. inked a contract in April 2022 to buy Gorla Minore of B&C S. P. Cosmetic A's ingredients division. This acquisition gives Sharon Laboratories a chance to expand its line of Cosmetic Ingredients products.

· In order to strengthen Evonik Care Solutions' position in the market for active Cosmetic Ingredients and personal care products, the company purchased Botanica in October 2021.

· Scared Patch, an active skin care product that offers outstanding skin moisturizing, was introduced by BASF SE in April 2021. It will assist the makers in creating efficient skin care products that enhance emotional well-being while addressing typical symptoms of sensitive skin.

· The peptovitae series, a new line of dermo-cosmetic peptides that will transform the cosmetics business, was introduced by BASF SE in January 2022. These peptides will enable producers to develop novel treatments for skin problems.

· German multinational corporation Beiersdorf said in April 2022 that it would launch the first skincare item ever to employ recycled CO2. The business is concentrating on doing this to lessen its carbon footprint.

· The BELSIL DADM 3050 E, a co-emulsion of silicone fluid and vegetable oil created for a variety of hair care products, including shampoos, conditioners, hairdressing gels, and hair masks, was announced by Wacker Chemie AG in June 2021. Polydimethylsiloxane, amino-modified polydimethylsiloxane, non-ionic emulsifiers, and coconut oil are the main ingredients in the product. It also simplifies hair care products' formulation while greatly enhancing the conditioning properties.

Market Segmentation

Based on the Cosmetic Ingredients Market is segmented into Ingredient Type, Synthetic and Natural. Also, Based on the Cosmetic Ingredients Market is segmented into Product Type, Emulsifiers, Preservatives, Thickeners, Emollients, Surfactants and Others. Based on the Cosmetic Ingredients Market is segmented into Function, Cleansing, and Moisturizing, Aroma, Bleaching and Others. Based on the Cosmetic Ingredients Market is segmented into End-use Industry, Skin Care, Oral Care, Hair Care and Body Care. Region-wise, the Global Cosmetic Ingredients Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Market Dynamics

Cosmetic Ingredients are chemicals, either synthetic or natural, that are incorporated into a variety of cosmetic formulations, such as skin and hair care items, cosmetics for the face, color cosmetics, and perfumes. The faces, hands, and hair are just a few examples of the external body parts that these products are specifically made to preserve, cleanse, and alter or emphasize. Water, preservatives, emulsifiers, thickeners, colorants, moisturizers, surfactants, emollients, oleochemicals, botanical extracts, rheology modifiers, scents, UV absorbers, and vitamins and minerals are some of the most widely used Cosmetic Ingredients. Governmental organizations like the European Commission and the U.S. FDA (Food and Drug Administration) impose tight regulations on cosmetic items and their contents. Therefore, it is projected that tightening government restrictions and rising investment by major companies to raise product quality will propel market expansion.

Increasing research and development efforts for effective and skin-friendly Cosmetic Ingredients, rising consumer awareness of various types of Cosmetic Ingredients, a growing focus by market players on enhancing the texture, quality, and safety of these ingredients, and technological advancements in the processes used to make Cosmetic Ingredients are some of the other major factors driving the global market for Cosmetic Ingredients. In addition, increased demand for natural or herbal Cosmetic Ingredients made with botanical extracts, increasing use of CBD extracts and essential oils like tea tree oil, lavender oil, and rosemary oil in cosmetics, and the introduction of new Cosmetic Ingredients like Merck's most recent RonaCare Hibiscus and RonaCare Rosehip products are all contributing factors to the market revenue growth. The components in these products are derived from nutrient-dense superfoods and are 100 percent vegan, halal-certified, and COSMOS-approved.

During the forecast period, the Cosmetic Ingredients Market in Asia Pacificis anticipated to develop at the quickest rate.Some of the key factors boosting the Asia Pacific market revenue growth include rising awareness of personal care and beauty, particularly among millennials, rising demand for high-end cosmetics, rising consumer disposable income in the region, rising use of plant-based, eco-friendly, and sustainable Cosmetic Ingredients, growing trend of online shopping, and rising availability of cosmetics and personal care products on e-commerce channels.

The Global Cosmetic Ingredients Market is Segmented as follows

• Ingredient Type
  • Synthetic Chemical Ingredients
  • Natural/Herbal Ingredients
  • Specialty Ingredients
  • Oleochemical
  • Botanical Extract
  • Rheology Modifier
  • Preservatives
  • Emulsifier & Stabilizer
  • Others (Vitamins, Minerals & Protein)
• End Use
  • Fragrance
  • Hair Care
  • Skin Care
  • Make-up
  • Oral Care
  • Eye Care
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Cosmetic Ingredients Market is

BASF SE (Germany), Akzo Nobel N.V. (Netherlands), Croda International PLC (UK), The Dow Chemical Company (US), Eastman Chemical Company (US), Loréal International (France), Unilever (UK), The Estée Lauder Companies Inc. (US), COTY Inc. (France), Colgate-Palmolive Company (US)

The Global Cosmetic Ingredients Market Scope can be Tabulated as below