Global Cosmetic Raw Materials Market Insights Forecasts to 2033

• The Global Cosmetic Raw Materials Market Size was estimated at USD 26.97 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.75% from 2023 to 2033
• The Worldwide Cosmetic Raw Materials Market Size is Expected to Reach USD 42.88 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Cosmetic Raw Materials Market Size is expected to cross USD 42.88 Billion by 2033, growing at a CAGR of 4.75% from 2023 to 2033. The desire for natural raw materials is further driven by the trend, which is especially pronounced in areas involving regulatory agencies apply strict rules on the use of synthetic chemicals in cosmetics.  

Market Overview  

The industry focused on the manufacturing, marketing, and distribution of raw materials used in the creation of cosmetic and personal care products is known as the cosmetic raw materials market. The market for raw materials is essential to cosmetic companies' ability to create safe, effective, and high-quality products. Active chemicals, preservatives, emulsifiers, scents, colorants, oils, waxes, and other additives that are necessary for making skincare, hair care, makeup, fragrances, and toiletries are just examples of the types of materials that can be found in the raw materials market. The expansion of the cosmetics industry and rising consumer awareness of anti-aging products are driving this market. R&D expenditures and technological developments are also driving the cosmetic raw materials market. The growing demand for beauty and personal care products from consumers, together with developments in cosmetic science and creative raw material formulation, is driving the expansion of the cosmetic raw materials market. Growth in the market is anticipated due to increasing demand for natural and organic cosmetics.    

Report Coverage

This research report categorizes the cosmetic raw materials market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the cosmetic raw materials market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the cosmetic raw materials market.

Driving Factors

Increased consumer discretionary income is anticipated to drive market growth, as is a broad choice of offers in both online and offline channels. Growth in the market is expected to be driven by growing awareness of the advantages of cosmetic products. The industry is anticipated to rise as awareness of personal and hygiene care increases. The market for cosmetic raw materials is expected to increase more quickly as consumers become more aware of the advantages of using cosmetic products. The growing customer preference for natural and organic products is one of the main factors driving the cosmetic raw materials market.       

Restraining Factors

The high cost of cosmetic raw materials is expected to slow industry expansion. Product adoption is predicted to be restricted by the presence of various vendors and their variable prices.    

Market Segmentation

The cosmetic raw materials market share is classified into type and application.     

• The active ingredients segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the cosmetic raw materials market is divided into active ingredients, aesthetic materials, surfactants and solvents, synthetic, and natural. Among these, the active ingredients segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. In formulations about skincare, hair care, and other aspects of beauty, active ingredients are essential for increasing the effectiveness of cosmetic products.

• The skin care segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.  

Based on the application, the cosmetic raw materials market is divided into skincare, makeup, perfume, sunscreen, and others. Among these, the skin care segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growing consumer focus on preserving youthful, healthy skin is what is driving the skin care industry. Due to the rising demand for products such as moisturizers, anti-aging creams, serums, and cleansers, a wide variety of raw materials that provide hydration, protection, and rejuvenation are required.

Regional Segment Analysis of the Cosmetic Raw Materials Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the cosmetic raw materials market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the cosmetic raw materials market over the predicted timeframe. The Asia Pacific region's growing need for personal care products is the cause It is predicted that rising disposable income in the region will accelerate market expansion. Market expansion is anticipated to be accelerated during the forecast period by the cosmetics industry's increasing growth. Growing consumer knowledge of skincare products is expected to promote market expansion. The industry is expected to rise as more people adopt organic skin care practices.    

North America is expected to grow at the fastest CAGR growth of the cosmetic raw materials market during the forecast period. North America is as part of rising cosmetics consumer spending. Product adoption is expected to be accelerated by rising investment in new product development. Growth in the market is anticipated due to growing awareness of the advantages of cosmetic products. The population's increased need for personal hygiene and grooming is expected to fuel the expansion of the cosmetic raw materials market.     

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the cosmetic raw materials market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2024, The NIFDC launched the Information on the Use of Raw Materials for Marketed Products, an unbiased compilation of the number of raw materials utilized in specialty cosmetics throughout the approval's validity period. To further provide data service information, NIFDC recently organized the information on registered general cosmetic raw materials and created the Information on the Use of Raw Materials for Marketed Products (Annex 1) and its revision notes (Annex 2) by the spirit of the NMPA The Launch on Issuing Several Measures to Optimize Cosmetic Safety Assessment Management. 

• In September 2024, Givaudan Active Beauty's [N.A.S.] ™ Vibrant Collection introduced a new generation of active plant extracts that are intended to transform makeup. This line of active extracts with 100% natural origins guarantees color stability and duration, marking a major advancement in skin benefits and performance.   

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