The global demand for Cosmetic Raw Materials Market is presumed to reach the market size of nearly USD 36.59 MN by 2028 from USD 26.53 MN in 2021 with a CAGR of 4.7% under the study period 2022 - 2028.
Cosmetic The term ""raw materials"" refers to the chemicals and materials utilised in the production of cosmetics. Cosmetics are made up of various basic materials that are combined to create a finished product. The specific contents vary between products, although the raw materials are typically the same. Water, emulsifiers, preservatives, thickeners, moisturisers, pigments, and perfumes are common raw materials in cosmetics. These raw materials can be both natural and artificial.
Market Dynamics
Some of the major drivers that are likely to fuel the revenue growth of the global cosmetic raw materials market are ever-changing lifestyle patterns and increasing disposable incomes of consumers worldwide. Furthermore, the value of good skincare treatment among both men and women is pushing the usage of various types of cosmetic items by multiple producers. This is another aspect that is expected to supplement the worldwide industry's future market growth potential. Moreover, the growing need for multi-purpose cosmetic products that provide numerous benefits such as UV protection, cleansers, moisturisers, antioxidants, and anti-aging is likely to enhance the demand for additional raw materials, boosting the market growth. Growing investments by leading industry players in the development and diversification of existing product portfolios to improve new business chances is another factor that is projected to contribute to the global cosmetic raw materials market's revenue growth. However, numerous laws and standards imposed by various governing bodies regarding product manufacturing and storage are expected to hinder market development.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cosmetic raw materials. The growth and trends of cosmetic raw materials industry provide a holistic approach to this study.
Market Segmentation
This section of the cosmetic raw materials market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Types
- Synthetic Raw Materials
- Natural Raw Materials
By Applications
- Skin Care
- Makeup
- Perfume
- Sunscreen
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cosmetic Raw Materials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cosmetic Raw Materials Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cosmetic raw materials market include BASF, Evonik, Givaudan, Dow, Firmenich, International Flavors and Fragrances, Nippon Seiki, AkzoNobel, Solvay, Lonza, Croda, Lubrizol, AAK Personal Care, Eastman, Symrise, Kao, Ashland, Innospecinc, Stepan, DSM, Seppic Jarchem, Clariant, Galaxy Surfactants, Follower's Song, Tinci Materials, Zhejiang Zanyu, Guangzhou DX Chemical, Shanghai Delta Industry, Guangzhou Startec. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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