Natural Personal Care Ingredients Market worth $7.9 billion by 2028, at a CAGR of 8.3 %, says MarketsandMarkets™

Chicago, March 06, 2024 (GLOBE NEWSWIRE) — The Global Natural Personal Care Ingredients Market  size was USD 5.3 billion in 2022 and is projected to reach USD 7.9 billion by 2028, at a CAGR of 8.3%, as per the recent study by MarketsandMarkets™. The demand for natural personal care ingredients in applications of personal care industry including skin care, make-up, hair care, oral care, and others has been driven by mounting popularity of natural products, the evolving lifestyles, and increase online purchase of cosmetics.  

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Browse in-depth TOC on “Natural Personal Care Ingredients Market.

198 – Market Data Tables

68 –   Figures

241 – Pages

List of Key Players in Natural Personal Care Ingredients Market:          

  1. BASF SE (Germany)
  2. Croda International Plc (UK)
  3. Syensqo (Belgium)
  4. Ashland Inc. (US)
  5. Symrise AG (Germany)
  6. The Lubrizol Corporation (US)
  7. Evonik Industries AG (Germany)
  8. Dow Inc. (US)

Drivers, Opportunities and Challenges in Natural Personal Care Ingredients Market

  1. Drivers: Evolving lifestyle across worldwide
  2. Restraint: Limited shelf life of natural personal care ingredients
  3. Opportunity: Mounting demand for male cosmetics
  4. Challenge: Lack of consistency of natural personal care ingredients

Key Findings of the Study:

  1. Surfactants are projected to register the highest CAGR, in terms of value, of the global natural personal care ingredients market during the forecast period.
  2. Hair care is estimated to be the second-largest application of natural personal care ingredients market, in terms of value, during the forecast period.
  3. Europe is estimated to be the largest market for the natural personal care ingredients market, in terms of value, during the forecast period.

Based on type, the natural personal care ingredients market is segmented as emollients, preservatives, rheology modifiers, surfactants, sugar polymers, active ingredients, and others. Active ingredients accounted for largest market share, in terms of value, in 2022. They are the most commonly used to resolve the specific problem such as acne, due to their adaptability and effectiveness have drawn attention. They are used in many different applications such as skin care, hair care, oral care, and make-up. 

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Based on application, the natural personal care ingredients market is segmented as make-up, skin care, hair care, oral care, and others. The skin care application accounted for the largest market share in the natural personal care ingredients market, in terms of value, in 2022. This mainly due to their antibacterial, anti-inflammatory, antioxidant, and antifungal properties. They also combat aging, UV damage, and promote skin health. Common examples like aloe vera, shea butter, and olive oil are safe, nutrient-rich, and suitable for various skin types, making them popular choices in skincare products.

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Based on region, Asia Pacific is the third largest market for natural personal care ingredients, in terms of both value and volume, in 2022 due to the development of applications, growing awareness, economic growth and rising disposable incomes favourable government regulations, and growing demand for male cosmetics. Thus, the demand for natural personal care ingredients is increased. Likewise, the Asia Pacific is projected to be the third fastest growing market, in terms of value, during the forecast period 2023 to 2028.

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CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

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