Personal Care Active Ingredients Market Analysis by Size, Share, Demand
Posted by Arslan on December 5th, 2019
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global personal care active ingredients market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.
We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the personal care active ingredients market. For enhancing readers’ experience, the report starts with a basic overview about the personal care active ingredients and its classification. Further, we have considered 2014 as the base year, 2029 as the estimated year, 2019 – 2029 as the stipulated timeframe.
With a firm outlook centered at the global personal care active ingredients market, anti-ageing products acquire close to 60% of the global market share. This is supported by the population demographics that is shifting gradually towards the elderly, mainly in the western countries and Japan. It is interesting to know that close to 40% of the population in the U.S., Europe, and Japan is aged above 50 years. Therefore, this age group demands modified personal care products so as to lessen signs of aging, thus increasing the need for anti-aging products that are rated efficient.
Personal Care Active Ingredients Manufacturers Place Higher Eminence on Product Innovation
As examined through this intelligent Fact.MR report, manufacturers have been thoroughly stressing on product innovation so as to acquire a competitive lead in the personal care active ingredient market. To be precise, product innovations are positioned on refining functionality and safety of active ingredients. Furthermore, global manufacturers are preparing to invest in research & development activities with a purpose to evolve bio-active ingredients suitable for different skin types as well as skin conditions.
Botanical & Marine Ingredients Set to Register Enhanced Proclivity during Forecast Period
According to this study, anti-ageing and hair care segments are marked as high growth segments when compared to all product categories of personal care active ingredients. It is estimated the concerned segments are likely to register a combined incremental opportunity of over US$ 750 Mn by 2029. In the coming years, botanical extracts, marine ingredients and biotech-based ingredients will be seen as prospective growth props for personal care active ingredient suppliers; actively accounting more than 70% of the overall personal care active ingredients market.
South Asian Countries Likely to Exhibit Lucrative Opportunities
Geographically, the ASEAN and South Asian countries are likely to witness swelling growth, particularly in countries such as India, Vietnam and Indonesia. On the other hand, Latin America has started to build its status as a developing market as global manufacturers are sighting potential market expansion plans in the region. Among these, Brazil is marked as a prominent country that does hold huge potential for market development.
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As the report concludes, readers can acquire precise information centered at the competitive landscape covering leading market players. Some of the prime manufacturers as mentioned in the report are BASF SE, BERKEM, Clariant AG, BGG, Corum, Croda, DSM, Evonik Industries AG etc.
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About the AuthorArslan
Joined: December 18th, 2017
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