Natural Personal Care Ingredients Market Trends, Investment Opportunities, and Growth Analysis Through 2028
The global natural personal care ingredients market size was valued at USD 5.3 billion in 2023 and is projected to reach USD 7.9 billion by 2028, growing at 8.3% cagr from 2023 to 2028. The main objective of this market research is to help the readers understand the structure of natural personal care ingredients industry, market definition, overview, natural personal care ingredients market trends and opportunities, investment strategy with forceful and reliable data.
The market is projected to grow because of the evolving lifestyle across globe. These natural Ingredients play a crucial role in various skin care, hair care, oral care, make-up, and other applications such as foundations, serums, shampoos, bath soaps, shower gels, creams, face masks, sun care products, lip balms, lipsticks, color cosmetics and others. In addition, due to the increasing population, increasing demand for natural ingredients, technological advancements and changing consumer preferences the demand for natural personal care ingredients can increase due to various applications.
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Surfactants are projected to register the highest CAGR, in terms of value, of the global natural personal care ingredients market during the forecast period.
Surfactants are expected to grow rapidly in the natural personal care ingredients market due to increased demand for sustainable products in cosmetics and personal care, as well as their use in pharmaceuticals. They function as surface-active agents, meaning they help reduce surface tension between different substances, allowing them to mix more effectively. Therefore, surfactants are crucial in skincare, haircare, and cosmetics like creams and lotions. Also, the rising awareness of natural ingredients in personal care boosts the demand for natural surfactants. Thus, surfactants are widely used in applications such as skin care, hair care, make-up, oral care, and others, which will increase demand for them in the future.
The hair care is estimated to be the second-largest application of natural personal care ingredients market, in terms of value, during the forecast period.
As individuals tackle with an different hair-related issues, ranging from hair loss and thinning to dryness and damage, the demand for effective solutions continues to rise. Combined by the diverse array of hair types, each with its unique needs, such as curly, straight, fine, or coarse, the market for tailored hair care products grow rapidly. Moreover, escalating levels of pollution, characterized by airborne toxins and particulate matter, further exacerbate hair woes, triggering issues like scalp irritation, dullness, and accelerated hair aging. Consequently, the hair care application within the natural personal care ingredients market stands composed for sustained growth, driven by the imperative for complete solutions that address these multifaceted challenges while prioritizing natural and sustainable ingredients.
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Europe is estimated to be the largest market for the natural personal care ingredients market, in terms of value, during the forecast period.
The adoption of natural personal care ingredients in this region has increased due to changing environment, concerns about increasing health hazards linked to synthetic ingredients, and shift in lifestyle preferences towards eco-conscious and sustainable products. Moreover, The European region is estimated to be the second-fastest growing regions in the world, with rising disposable incomes. This is creating a favorable environment for the growth of the natural personal care ingredients market. Accordingly, Europe will be the largest market for natural personal care ingredients market during the forecast period.
Natural Personal Care Ingredients Companies
The key players profiled in the report include BASF SE (Germany), Croda International Plc (UK), Ashland Inc. (US), The Lubrizol Corporation (US), Evonik Industries AG (Germany), Dow Inc. (US), Symrise AG (Germany), and others. The natural personal care ingredinets market has witnessed strong growth in the past few years; government regulations and changing lifestyle drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
BASF SE is one of the world’s largest chemical companies. BASF is one of the major manufacturers of natural personal care ingredients, constantly focusing on innovative technologies and natural ingredients for the personal care industry. The company offers its natural personal care ingredients for a wide range of applications such as skin care, hair care, oral care, make-up and others. It operates through seven business segments, namely, surface technologies, materials, chemicals, agricultural solutions, industrial solutions, nutrition & care, and other segments.
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Croda International Plc is a global specialty chemicals company and has strong presence in European and North American region. It offers a diverse range of natural personal care ingredients for various applications including skin care, oral care, hair care, make-up and others. The company operates its business under three main segments, namely, consumer care, life sciences, and industrial specialties. The company offers its products in the fields of personal care, healthcare, agriculture, lubricants, coatings & polymers, polymer additives, homecare, geo-technologies, and industrial chemicals. It operates with 18 manufacturing sites, and its offices are present in more than 30 countriees: Europe, North America, Asia Pacific, the Middle East & Africa, and the South American region.
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