Personal Care Ingredients Market in APAC to exceed $4bn by 2024; global industry revenue to hit $12bn

Some of the key industry participants in personal care ingredients market include BASF SE, Croda International Plc, Evonik Industries, Dow Corning Corporation, Akzo Nobel N.V., Wacker Chemie AG, Lonza Group Pvt. Ltd., Clariant and Ashland Inc.

Global personal care ingredients market will be primarily driven by the rising consumer awareness towards for personal grooming. Rising women participation in urban workforce in the recent years has positively influenced the industry, particularly in Asia Pacific. Consistent new product development by the market players have been encouraging adoption of multifunctional personal care products by consumers.

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With rising consciousness among the modern consumer for ingredients composition in the personal care products will likely have positive influence on the industry growth by 2024. Significant investments by manufacturers in innovating milder personal care products with natural, nutritional or medicinal ingredients such as aloe, vitamins, etc. will also propel the personal care ingredients market. The widened acceptance of performance-oriented ingredients will further boost the industry growth over the forecast timeframe.

Personal care ingredients market product segment includes emulsifiers, surfactants, emollients, rheology control agents, conditioning polymers, antimicrobials, etc. Surfactants generated revenue more than USD 780 million in 2016 and will exhibit strong demand by 2024. Promising growth indicators in the surfactants segment will be mainly credited to its widespread applications in cleansers, deodorants, antiperspirants, shampoos, etc. Emollients are expected to flourish at a healthy pace with a CAGR of 5.8% to 2024.

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Personal care ingredients market for hair care held a revenue close to USD 2 billion in 2016. Varying hair grooming patterns among male consumers, growing hair salon services penetration will boost the segment growth. Also, rising preference to professional hair care products over conventional products and growing hair problems such as hair loss, grey hair and dandruff will fuel the hair care products demand.

In 2016, North America generated over USD 300 million and is projected to witness robust growth over the forecast period. LATAM is expected to witness decent growth over the forecast period. The increasing number of cosmetic brands being established in countries such as Mexico and Brazil will significantly affect the personal care ingredients market growth.
Asia Pacific personal care ingredients market will also rise with promising gains and will exceed USD 4 billion by 2024. Rapid urbanization, improving living standards and rising purchasing power in emerging economies such as India has represented massive growth potential for the market.

Browse key industry insights spread across 140 pages with 155 market data tables & 11 figures & charts from the report, “Personal Care Ingredients Market Size By Product (Surfactants, Conditioning Polymers, Emollients, Rheology Control Agents, Emulsifiers, Antimicrobials), By Application (Skin Care, Hair Care, Oral Care, Cosmetics) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

Table of Contents (ToC) of the report:
Chapter 5. Personal Care Ingredients Market, By Application
5.1. Global market share by application, 2016 & 2024
5.2. Skin care
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Hair care
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Oral care
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Cosmetics
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others (Toiletries, fragrances, etc.)
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
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