Market size of cosmetic ingredients worldwide 2016-2025

In 2016, the global cosmetic ingredients market was valued at 22.89 billion U.S. dollars. The market size is forecast to increase at a compound average growth rate of 4.6 percent until 2025, amounting to roughly 33.8 billion U.S. dollars by the end of that year.

What are cosmetic ingredients and how is market growth ensured?

Cosmetic ingredients are substances that are used in the manufacturing of cosmetic products such as makeup, fragrances, haircare, and skincare cosmetics. As cosmetic product sales have generated record values in recent years, global demand for additives, processing aids, and other ingredients has increased concurrently. In the following years, demand is expected to be particularly high for ingredients that are used in the production of haircare and skincare items. As consumers are becoming aware of the importance of skincare, they are looking for good quality ingredients and clean-label cosmetics now more than ever.

Key players in the global cosmetic ingredients market

The global cosmetic ingredients market is fragmented due to the number of major players. Some of the most successful companies in this competitive landscape include Evonik Industries AG, The Dow Chemical Company, Eastman Chemical Company, and BASF SE. Germany-based company BASF SE is the world’s largest chemical manufacturer and provides products for a variety of industries. In the personal care market, they supply ingredients for facial care, hair styling, oral care, and sun care.

Market size of cosmetic ingredients worldwide in 2016 and 2025

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Source

Release date

April 2019

Region

Worldwide

Survey time period

2019

Supplementary notes

*Forecast.

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