Personal Care Ingredients Market - Key Trends and Opportunities to 2023
Posted by rohan on March 4th, 2019
Inolex, a major chemical manufacturer, in collaboration with BioAmber, has managed to create a new range of sustainable and natural emollient for the personal care industry.
Ashland Inc. has recently developed a new drug called Elixiance, bio-functional especially for mitigating the ill-effects of pollution that are damaging the skin.
Personal Care Ingredients market size was around USD 13.69 billion in 2017. It is expected to grow at a CAGR of 4.5% to reach USD 16.32 billion by 2022. The demand for anti-aging products has increased dramatically in many countries due to the demographic density and the economic situation, making them a large consumer base capable of acquiring personal care and personal care products. However the manufacturers, due to increasing regulations on the usage of synthetic components, are now focusing on developing personal care products consisting of natural ingredients.
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REPORT SEGMENTED AS:
Geographically, the market is divided into Latin America, Asia-Pacific, Europe, North America, the Middle East, and Africa. Estimates show that the Asia-Pacific region is the world's top-selling personal care market. Population growth and rapid urbanization in countries such as China, India, Indonesia, and Malaysia are the main drivers of overall market growth.
KEY MARKET PLAYERS:
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The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with magnified growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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About the Authorrohan
Joined: September 20th, 2017
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