Active ingredients introduction has changed the landscape of the personal care industry. The demand for active ingredient containing creams and lotions is increasing at a rapid pace. With growing attention towards personal care products, the demand for active ingredients is expected to increase rapidly over the forecast period.
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The global Active Ingredients market was valued at USD 2.73 billion in 2016 and is projected to reach USD 4.24 billion by 2025, growing at a CAGR of 5.0% from 2017 to 2025.
1. Market Drivers
1.1 Growing demand for multifunctional ingredients
1.2 Rising consumption of anti-aging, skin whitening and sun protection products
2. Market Restraints
2.1 High cost of manufacturing of active ingredients
The global Active Ingredients market is segmented on the basis of product, application, and region.
1. By Product:
1.1 UV Filters
1.2 Anti-ageing Agents
1.3 Conditioning Agents
1.4 Skin Lightening Agents
2. By Application:
2.1 Hair Care
2.2 Skin Care
2.2.1 Body Care
2.2.2 Face Care
2.2.3 Sun Care
3. By Region:
3.1 North America U.S., Canada, Mexico
3.2 Europe Germany, UK, France, Rest of Europe
3.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
3.4 Latin America Brazil, Argentina, Rest of Latin America
3.5 the Middle East & Africa
The major players in the market are as follows:
2. BASF SE
6. Lonza Group Ltd.
8. Sederma Inc.
9. Seppic SA
10. Lucas Meyer Cosmetics
11. Cp Kelco A Huber Company
14. Vantage Specialty Ingredients
15. Emery Oleochemicals Group
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research methodology of Planet Market Reports:
Research study on the Active Ingredients market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also, the market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports