China Cosmetics & Personal Care Ingredients Market 2018 to 2023 Booming Trends,

Posted by Priya on July 24th, 2018

Cosmetics & Personal care ingredients Market  to 2023:

Cosmetics & personal care ingredients refers to the raw materials used for manufacturing the cosmetic products. The ingredients can be synthesized chemically or naturally derived which are later blended and formulated to enhance the properties of various cosmetic products.The MENA/G.C.C./China Cosmetic & personal care ingredients market is expected to grow at CAGR of 5.5%. The prominent factors fuelling the growth of Cosmetics & personal care ingredients market are, the bolstering growth of cosmetic industry across the target markets coupled with high level of spending and dominance of hair care, skincare, fragrance and shower products with multi-functional ingredients to boost personal care ingredients market. However, the market will be hampered by increasing ban or restrictions on various ingredients market.

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Key Findings:

• MENA/G.C.C./China cosmetic & personal care ingredients market is projected to reach USD 1,530 million in 2016 and expected to reach USD 2,209.5 million in 2023 with a CAGR of 5.5%
• China accounted for largest share due to easy availability of raw material, lower labor cost and increasing per capita spending on the cosmetics and personal care products in the country, increasing demand of multifunctional products leading to specialty ingredients demand boost.
• Key players including SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., and Ittihad International Chemicals Trading LLC (IICT) among others are investing more into product development and capacity expansion in terms to capture the market share.

 Intended Audience:

• Cosmetics & Personal Care manufacturers
• Traders and distributors of Cosmetics & Personal Care    
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory

Thus, with capacity expansion and migration of cosmetic manufacturers in the Middle East & Africa market to offer lucrative opportunities for cosmetic ingredient manufactures. Furthermore, growing prominence of halal certification cosmetic and personal care formulations in G.C.C. and MENA regions and increasing inclination towards multi-functionality products as a product development by manufacturer are increasing the demand of cosmetics & personal care market.

Segmentation:

MENA/G.C.C./China Cosmetic & personal care ingredients market is majorly segmented on the basis of Type, End Use and Region. On Basis of Type, MENA/G.C.C./China cosmetic & personal care ingredients market is segmented into tocopherol, dimethicone, parabens, titanium dioxide, sodium lauryl sulphate, sodium laureth sulphate, formaldehyde, benzones, isopropyls, glycerols, others. Based on end use, cosmetic & personal care ingredients is segmented into skincare, hair care, bath & shower, colour cosmetics, fragrance, others. Based on region market is divided into Middle East & North Africa, China and Gulf Countries including Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, and UAE.

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Key Players:

Key players of the MENA/G.C.C./China Cosmetic & personal care ingredients market are SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Chemanol and DOGOIDE Group among others.