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The cosmetics and personal care ingredients market in the Middle East and North Africa (MENA), Gulf Cooperation Council (GCC), and China is influenced by a myriad of market factors that shape its dynamics. In the MENA region, the market is driven by a growing population, rising disposable incomes, and an increasing awareness of personal grooming. Consumers in this region are increasingly seeking high-quality and innovative cosmetic products, leading to a surge in demand for diverse ingredients. The GCC countries, in particular, are witnessing a shift towards natural and organic ingredients, driven by a rising preference for sustainable and eco-friendly products.
China, on the other hand, plays a significant role in the cosmetics and personal care ingredients market due to its sheer size and evolving consumer preferences. With a burgeoning middle class and a focus on beauty and personal well-being, the Chinese market is characterized by a robust demand for a wide array of cosmetic ingredients. Chinese consumers are becoming more discerning, placing emphasis on products that cater to specific skin concerns, and this has led to a surge in demand for specialized ingredients such as anti-aging compounds and skin brightening agents.
Trade policies and regulations also shape the cosmetics and personal care ingredients market in these regions. The GCC countries, known for their oil-based economies, have been diversifying their economic base, and the cosmetics industry is a strategic focus. The governments in these regions are increasingly implementing regulations to ensure product safety, quality, and compliance with international standards. Similarly, China has implemented regulatory changes to improve the safety and efficacy of cosmetic products, impacting the types of ingredients used and the overall market landscape.
Global economic trends and geopolitical factors also influence the cosmetics and personal care ingredients market in the MENA, GCC, and China. Economic stability, currency exchange rates, and international trade relations impact the cost of raw materials and the pricing of finished products. Moreover, geopolitical events can disrupt supply chains and impact the availability of certain ingredients. As these regions continue to integrate into the global economy, their cosmetics markets are becoming more interconnected with international trends and developments.
Innovation and technological advancements are key drivers in the cosmetics and personal care ingredients market. Consumers in the MENA, GCC, and China are increasingly seeking products that offer unique formulations, improved efficacy, and sustainable solutions. This has led to a surge in research and development activities, with companies investing in cutting-edge technologies to develop novel ingredients. The demand for natural and organic ingredients, driven by a global shift towards cleaner beauty products, has also spurred innovation in these markets.
Consumer behavior and cultural influences play a crucial role in shaping the cosmetics and personal care ingredients market in the MENA, GCC, and China. Preferences for specific textures, scents, and traditional remedies influence the formulation of products. In the MENA region, for instance, there is a preference for products that cater to specific skin needs in the arid climate, while in China, cultural elements such as traditional Chinese medicine impact the choice of ingredients.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 5.76% 2030 |
China Cosmetics Personal Care Ingredients Market Highlights:
Cosmetics & Personal Care Ingredients Market Overview
Cosmetics & personal care ingredients refers to the raw materials used for manufacturing the cosmetic products. The ingredients can be synthesized chemically or naturally derived which are later blended and formulated to enhance the properties of various cosmetic products.
The MENA/G.C.C./China Cosmetic & personal care ingredients market is expected to grow at CAGR of 5.76% during the forecast 2021-2030. The prominent factors fuelling the growth of Cosmetics & personal care ingredients market are, the bolstering growth of cosmetic industry across the target markets coupled with high level of spending and dominance of hair care, skincare, fragrance and shower products with multi-functional ingredients to boost personal care ingredients market. However, the market will be hampered by increasing ban or restrictions on various ingredients market. Thus, with capacity expansion and migration of cosmetic manufacturers in the Middle East & Africa market to offer lucrative opportunities for cosmetic ingredient manufactures. Furthermore, growing prominence of halal certification cosmetic and personal care formulations in G.C.C. and MENA regions and increasing inclination towards multi-functionality products as a product development by manufacturer are increasing the demand of cosmetics & personal care market.
The different categories of ingredients used in manufacturing of cosmetics include, emulsifiers, emollients, rheology modifiers, surfactants, and antioxidant among others. Ingredients used under this categories include — tocopherols, dimethicone, parabens, formaldehydes, sodium lauryl sulphate, titanium dioxide, glycerine and alcohols among others. The formaldehyde market segment is estimated to account for maximum market share of 16.87% in terms of value. The major factors such as increasing concern about skin lightening and color among the consumers are anticipated to drive the market demand over the forecast period. In terms of application of these ingredients, the market is segmented into — skincare, hair care, fragrance, color cosmetics, bath & shower and other cosmetic products. The skincare segment is estimated to be the prominent revenue generating segment over other application segments in the cosmetic and personal care ingredients market.
MENA/G.C.C./China Cosmetic & personal care ingredients market, By Type, 2016(%)
Source: MRFR Report
Regional Analysis
Geographically, the cosmetics & personal care ingredients market is fragmented among regions Middle East & North Africa, China and Gulf countries. Among all the regions, China is estimated to be largest consumer of cosmetics & personal care ingredients owing to increasing demand of multi-functional ingredients, high demand of anti-aging products, and skin whitening products in cosmetics & personal care market. The skincare and hair care products account for more than half of the retail value in China’s cosmetic market. Furthermore, the market is estimated to witness relatively high CAGR of 5.89% over the forecast period.
Turkey cosmetics and personal care ingredients market is estimated to witness maximum value share growth over the forecast period owing to large manufacturing base for cosmetics & personal care products as well as major exporting hub of soap and hair care products. North Africa, Israel and Rest of MENA market has relatively low share in cosmetics and personal care ingredients market. The market suffice their cosmetics and personal care needs by imports from Turkey and nearby European countries.
Moreover, G.C.C. cosmetics and personal care market is accounted for the lowest share and is anticipated to expand at a CAGR of 5.0% over the forecast period. The fragrance segment is the most attractive segment in the country and accounts for substantial value share in the cosmetics market in UAE, which is followed by the skincare segment. Additionally, increasing prominence of halal certification that encompasses religious concern is anticipated to result in traction market growth. However, increasing stringent regulations restricting the application of hazardous ingredients in countries namely, Saudi Arabia and UAE is hampering the market growth.
Segmentation
MENA/G.C.C./China Cosmetic & personal care ingredients market is majorly segmented on the basis of Type, End Use and Region. On Basis of Type, MENA/G.C.C./China cosmetic & personal care ingredients market is segmented into tocopherol, dimethicone, parabens, titanium dioxide, sodium lauryl sulphate, sodium laureth sulphate, formaldehyde, benzones, isopropyls, glycerols, others. Based on end use, cosmetic & personal care ingredients is segmented into skincare, hair care, bath & shower, colour cosmetics, fragrance, others. Based on region market is divided into Middle East & North Africa, China and Gulf Countries including Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, and UAE.
Key Players
Key players of the MENA/G.C.C./China Cosmetic & personal care ingredients market are SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Chemanol and DOGOIDE Group among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
- Middle East & North Africa
- Turkey
- Israel
- North Africa
- Rest of MENA
- C.C
- Saudi Arabia
- Kuwait
- Oman
- Qatar
- Bahrain
- UAE
- China
The report about MENA/G.C.C./China Cosmetic & personal care ingredients market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
Key Findings
- MENA/G.C.C./China cosmetic & personal care ingredients market is projected to reach USD 1,530 million in 2016 and expected to reach USD 2,209.5 million in 2023 with a CAGR of 5.5%
- China accounted for largest share due to easy availability of raw material, lower labor cost and increasing per capita spending on the cosmetics and personal care products in the country, increasing demand of multifunctional products leading to specialty ingredients demand boost.
- Key players including SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., and Ittihad International Chemicals Trading LLC (IICT) among others are investing more into product development and capacity expansion in terms to capture the market share.
- China dominate the market accounting for 66%, followed by MENA and G.C.C. China is forecast to be the fastest growing region in cosmetic & personal care ingredients market at close to 5.89% CAGR from 2017 to 2023.
- Formaldehyde accounted for the largest market share in 2016, and is estimated to remain the same owing to its usage as preservatives and additives in personal care & cosmetic products. Glycerols are second highest segment owing to increasing demand application segment including skin creams, moisturizers and color cosmetics products.
- The skincare segment is estimated as dominating segment owing to increasing demand of anti-aging skincare products in youth population. Regionally, a similar market trend has been observed across different regions covered.
Intended Audience
- Cosmetics & Personal Care manufacturers
- Traders and distributors of Cosmetics & Personal Care
- Production Process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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