Global Cosmetic Raw Materials Market Size worth USD 42.88 Billion by 2033 | CAGR of 4.75%
Category: Chemicals & MaterialsGlobal Cosmetic Raw Materials Market Size worth USD 42.88 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Cosmetic Raw Materials Market Size is Expected to Grow from USD 26.97 Billion in 2023 to USD 42.88 Billion by 2033, at a CAGR of 4.75% during the forecast period 2023-2033.
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Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Cosmetic Raw Materials Market Size, Share, and COVID-19 Impact Analysis, By Type (Active Ingredients, Aesthetic Materials, Surfactants and Solvents, Synthetic, and Natural), By Application (Skin Care, Makeup, Perfume, Sunscreen, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cosmetic-raw-materials-market
The Cosmetic Raw Materials Market is the industry that focuses on producing, promoting, and distributing the raw materials required to make cosmetic and personal care products. The market for cosmetic raw materials is growing as a result of an aging population. Older people often opt for anti-aging treatments and hair dye colors to change their appearance. The ability of cosmetic enterprises to produce high-quality, safe, and effective products depends on the raw material market. One of the main factors propelling the market for cosmetic raw materials is the rising demand for natural and organic cosmetics. The market for cosmetic raw materials is expanding due in large part to the growing demand for skincare regimens. One major factor driving the market's expansion is the increasing advertising of cosmetics on social media. The market for cosmetic raw materials is also being driven by R&D expenditures and technological developments. The primary factor driving the market for cosmetic raw materials is the increase in demand for cosmetic products due to their advantages. However, the high price of novel and natural raw materials is one of the main factors restricting the cosmetic raw materials market.
The active ingredients segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the cosmetic raw materials market is classified into active ingredients, aesthetic materials, surfactants and solvents, synthetic, and natural. Among these, the active ingredients segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The market for products with particular benefits and active ingredients is expected to continue growing rapidly due to consumers' growing attention to skin health.
The skin care segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the cosmetic raw materials market is divided into medicinal, edible, and others. Among these, the skin care segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Hyaluronic acid, peptides, and antioxidants are among the most popular ingredients in this market owing to their shown ability to improve the texture and look of skincare products.
Asia Pacific is estimated to hold the largest share of the cosmetic raw materials market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the cosmetic raw materials market over the forecast period. Rising disposable incomes, a burgeoning middle class, and fast urbanization are the main drivers of the Asia Pacific region. The demand for both conventional and cutting-edge beauty products is high in important economies including China, India, and South Korea.
North America is predicted to have the highest CAGR growth in the cosmetic raw materials market over the forecast period. The existence of well-known beauty brands, significant consumer spending power, and ongoing product innovation are all factors that contribute to North America. The demand for natural and organic ingredients is being driven by health and wellness in the region.
Major key players in the cosmetic raw materials market include Givaudan SA, BASF SE, Symrise AG, Eastman Chemical Company, Croda International Plc, Evonik Industries AG, Akzo Nobel N.V., Clariant AG, Lonza Group Ltd., Solvay S.A., Wacker Chemie AG, Kao Corporation, Ashland Global Holdings Inc., DSM Nutritional Products AG, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, the [N.A.S.] ™ Vibrant Collection from Givaudan Active Beauty released a new generation of active plant extracts that are intended to transform makeup. A major advancement in skin benefits and performance, this line of active extracts with 100% natural origins guarantees color stability and endurance.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cosmetic raw materials market based on the below-mentioned segments:
Global Cosmetic Raw Materials Market, By Type
- Active Ingredients
- Aesthetic Materials
- Surfactants And Solvents
- Synthetic
- Natural
Global Cosmetic Raw Materials Market, By Application
- Skin Care
- Makeup
- Perfume
- Sunscreen
- Others
Global Cosmetic Raw Materials Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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