The report is titled ‘Specialty Cosmetic Ingredients Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the specialty cosmetic ingredients market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The specialty cosmetic ingredients market is expected to grow at a significant rate in the near future.
The global specialty cosmetic ingredients market is estimated to reach at a value of US$ 16.1 Bn by the end of 2020 and expected to reach at a value of US$ 22.5 Bn by 2028 with a significant CAGR of 4.3%
Primarily, cosmetic ingredients can be understood as the chemicals utilized in personal grooming and care products such as soap, shampoos, powders, lotions, and perfumes. The personal care and cosmetic products hold a crucial role, not only to improve the aesthetic beauty but also for overall well-being of an individual. For instance, moisturizers and sun creams serve its utility for skin care, while hair care products such as conditioners, hair gels, and shampoos are used as hair grooming products.
Cosmetic ingredients also comprises two types - synthetic and organic. The cosmetic organic ingredients are basically extracted from natural sources, including plant extracts, fats & oils, vitamins, proteins, waxes, additives & preservatives, and thickening agents. Whereas, the synthetic cosmetic ingredients consist of parabens, aluminum salts, petrochemicals products, and phthalates.
There have been increasing health concerns and awareness among the population in the past few decades which has stimulated the shift of consumer demand from synthetic ingredients to organic cosmetic ingredients.
Similarly, the specialty cosmetic ingredients are the specialty ingredients that are added to cosmetics and body care products to bestow special attributes to the end product. These specialty cosmetic ingredients further add several different exceptional attributes such as water and foaming resistance to the end cosmetic product.
Generally, it is common human nature to yearn beauty. On account of this, the utilization of personal care and cosmetic products can be traced all the way back to the dawn of times where components such as honey, milk, lemon juice, mud, clay as well as arsenic have also been employed in the name of personal care and beauty products.
Talking about the present-day world, the personal grooming and cosmetics industry is contributing remarkably to the global gross domestic product (GDP). The surging awareness and concerns about physical appearance and overall health among the masses, at present, is majorly boosting the demand of beauty and personal care products, thus stimulating the demand of specialty cosmetic ingredients as well. Owing to which, the global specialty cosmetic ingredients market is projected to witness rapid growth in the forthcoming years.
In addition, the rising disposable income of the population, especially in developing economies including Asia-Pacific, is also expected to give a positive push to the demand of specialty cosmetic ingredients in the global markets, thereby giving an impetus to the growth of the global specialty cosmetic ingredients market in the years to come.
Moreover, the growing per capita consumption of personal care and cosmetic products is also another major factor that is playing a positive role in supporting the growth of the global specialty cosmetic ingredients market.
Along with that, the leading players of the global markets are also focused on making their product more effective as well as safe such as providing enhanced textural experiences, and producing viable and comprehensive cosmetic products and solutions to the population, worldwide, which is further estimated to provoke the demand of specialty cosmetic ingredients, ultimately uplifting the growth of the global specialty cosmetic ingredient market in the near future.
With the same token, the giant players are also constantly channelizing their efforts to diversify the growth of the global market in emerging regions as well and add to their existing production capability to match the expanding need for specialty cosmetic ingredients. Attributable to which, the global specialty cosmetic ingredients market is projected to witness significant growth over the forecast period.
The global specialty cosmetic ingredients market is segmented on the basis of product type, application, and region.
Rheology control agents
The global specialty cosmetic ingredients market is dominated by Inolex, Vantage Specialty Ingredients, Naturex, Ashland, Inc., Akott, Symrise AG, Clariant International, BASF SE, Evonik Industries, Dow Chemicals, DSM, Croda International, Lonza, The Lubrizol Corporation, Huntsman International LLC, Kao Chemicals, among others.
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the specialty cosmetic ingredients market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of Specialty Cosmetic Ingredients
Advantages of Specialty Cosmetic Ingredients
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market