Cosmetics Personal Care Ingredients Market Trends

ID: MRFR/CnM/2602-CR

135 Pages

Anshula Mandaokar

August 2023

Cosmetics and Personal Care Ingredients Market Research Report Information By Type (Formaldehyde, Glycerols, Titanium Dioxide, Isopropyls, Alcohols, Dimethicone, Sodium LaurylSulphate, Parabens, Tocopherols, Benzones, Oleochemical, Surfactants, Polymer, Botanical Extracts), By Application (Emulsifiers, Stabilizer, Preservatives, Thickeners, Moisturizers, Emollient, Others), By End-Use (Skincare...

Cosmetics Personal Care Ingredients Market Infographic

Summary Table of Contents Segmentation Download PDF

Market Trends

Key Emerging Trends in the Cosmetics Personal Care Ingredients Market

The cosmetics and personal care ingredients market is experiencing significant trends that are reshaping its landscape and driving growth in the industry. One notable trend is the increasing demand for natural and organic ingredients in cosmetic and personal care products. With growing consumer awareness about health, wellness, and sustainability, there is a rising preference for products formulated with natural extracts, botanicals, and plant-based ingredients that are perceived to be safer, gentler, and more environmentally friendly. Manufacturers are responding to this trend by sourcing organic and sustainably harvested ingredients, avoiding synthetic chemicals, and offering clean label formulations that resonate with eco-conscious consumers.

Moreover, there is a growing emphasis on innovation and product differentiation in the cosmetics and personal care ingredients market. With intense competition and changing consumer preferences, there is a need for innovative ingredients that offer unique benefits, textures, and sensory experiences in cosmetic and personal care products. Manufacturers are investing in research and development to develop novel ingredients, delivery systems, and formulations that address specific consumer needs such as anti-aging, hydration, skin brightening, and hair care. This trend is driving collaborations between ingredient suppliers, formulators, and brands to bring innovative products to market quickly and effectively.

Another significant trend in the cosmetics and personal care ingredients market is the increasing focus on sustainability and ethical sourcing practices. As concerns about environmental degradation, deforestation, and biodiversity loss grow, there is a growing demand for ingredients that are sourced responsibly, minimize environmental impact, and support local communities. Manufacturers are partnering with farmers, cooperatives, and NGOs to implement sustainable farming practices, protect natural habitats, and promote fair trade principles in ingredient sourcing. Additionally, there is a growing trend towards upcycling and repurposing waste materials to produce ingredients, reducing waste and promoting circular economy principles in the cosmetics and personal care industry.

Furthermore, the cosmetics and personal care ingredients market is witnessing a shift towards multifunctional ingredients that offer multiple benefits in a single formulation. With consumers seeking convenience and simplicity in their skincare and personal care routines, there is a growing demand for products that combine multiple active ingredients to address multiple skin or hair concerns simultaneously. Manufacturers are developing multifunctional ingredients such as antioxidants, peptides, and botanical extracts that offer anti-aging, moisturizing, and soothing properties in one formulation, enabling brands to create streamlined product portfolios and cater to the evolving needs of consumers.

Moreover, the COVID-19 pandemic has accelerated the adoption of digitalization and e-commerce in the cosmetics and personal care ingredients market. With the closure of physical retail stores and social distancing measures, there has been a greater reliance on online channels for product discovery, shopping, and distribution. Manufacturers are investing in digital marketing, e-commerce platforms, and virtual product experiences to engage consumers, drive sales, and adapt to changing consumer behaviors in the post-pandemic era. Additionally, there is a growing trend towards personalized beauty and customization, with consumers seeking products tailored to their individual needs, preferences, and skin types. Manufacturers are leveraging technology such as AI and machine learning to analyze consumer data, develop personalized formulations, and create bespoke beauty solutions that cater to the unique needs of each consumer.

Additionally, regulatory requirements and safety standards are driving innovation and compliance in the cosmetics and personal care ingredients market. With stricter regulations governing ingredient safety, labeling, and claims, there is a growing need for ingredients that meet regulatory requirements and industry standards. Manufacturers are investing in safety testing, efficacy studies, and regulatory compliance to ensure that their ingredients meet the highest standards of quality, safety, and performance. This trend is driving transparency and accountability in the cosmetics and personal care industry, empowering consumers to make informed choices about the products they use on their skin and hair.

Market Highlights

Author

Anshula Mandaokar

Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

How much is the Cosmetics and Personal Care Ingredients market?

Cosmetics Personal Care Ingredients Market size was valued at USD 10.18 Billion in 2024

What is the growth rate of the Cosmetics and Personal Care Ingredients market?

Cosmetics Personal Care Ingredients Market is projected to grow at a CAGR of 5.04% during the forecast period, 2025-2035

Which Region held the largest market share in the Cosmetics and Personal Care Ingredients market?

North America had the largest share of the Cosmetics and Personal Care Ingredients market

Who are the key players in the Cosmetics and Personal Care Ingredients market?

The key players in the market are DongmingJujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), SABIC, Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Artec Chemical Company Limited, Chemanol and DOGOIDE Group.

Which type led the Cosmetics and Personal Care Ingredients market?

The Formaldehyde category dominated the market in 2024.

Which End-Use had the largest market share in the Cosmetics and Personal Care Ingredients market?

Skincare had the largest share of the Cosmetics and Personal Care Ingredients market.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Cosmetics and Personal Care Ingredients Market was estimated at 10.18 USD Billion in 2024. The market is projected to grow from 10.69 USD Billion in 2025 to 17.49 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.04 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Cosmetics and Personal Care Ingredients Market is experiencing a transformative shift towards sustainability and innovation.

Sustainability and eco-friendly ingredients are becoming increasingly prioritized by consumers in North America, the largest market.
The Asia-Pacific region is witnessing rapid growth, driven by a rising middle class and increasing disposable income.
Alcohols remain the largest segment, while dimethicone is emerging as the fastest-growing ingredient in the market.
The growing demand for natural ingredients and technological advancements in formulation are key drivers propelling market expansion.

Cosmetics Personal Care Ingredients Market

CAGR

5.04%

Market Size & Forecast

2024 Market Size	10.18 (USD Billion)
2035 Market Size	17.49 (USD Billion)
CAGR (2025 - 2035)	5.04%
Largest Regional Market Share in 2024	North America

Major Players

L'Oreal (FR), Unilever (GB), Procter & Gamble (US), Estée Lauder (US), Coty (US), Shiseido (JP), Beiersdorf (DE), Revlon (US), Avon (GB), Mary Kay (US)

Market Trends

The Cosmetics and Personal Care Ingredients Market is currently experiencing a dynamic evolution, driven by shifting consumer preferences and increasing awareness regarding ingredient safety and sustainability. As consumers become more discerning, there is a noticeable demand for transparency in product formulations. This trend is prompting manufacturers to disclose ingredient sources and adopt cleaner, greener alternatives. Additionally, the rise of social media and influencer culture is shaping purchasing decisions, as consumers seek products that align with their values and lifestyle choices. This evolving landscape suggests that brands must adapt to remain competitive, focusing on innovation and ethical practices. Moreover, the market is witnessing a growing inclination towards multifunctional ingredients that offer multiple benefits in a single formulation. This trend reflects a desire for efficiency and convenience among consumers, who are increasingly looking for products that simplify their beauty routines. As a result, companies are investing in research and development to create advanced formulations that cater to these preferences. The Cosmetics and Personal Care Ingredients Market appears poised for continued growth, with an emphasis on sustainability, transparency, and multifunctionality shaping its future trajectory.

Sustainability and Eco-Friendly Ingredients

There is a marked shift towards sustainable and eco-friendly ingredients within the Cosmetics and Personal Care Ingredients Market. Consumers are increasingly prioritizing products that minimize environmental impact, leading brands to explore natural and biodegradable alternatives. This trend not only addresses ecological concerns but also aligns with the growing demand for ethical sourcing and production practices.

Transparency and Clean Labeling

Transparency in ingredient sourcing and formulation is becoming a critical factor for consumers in the Cosmetics and Personal Care Ingredients Market. Brands are responding by adopting clean labeling practices, which involve clear communication about ingredient origins and benefits. This trend reflects a broader consumer desire for trust and accountability in the products they choose.

Rise of Multifunctional Products

The demand for multifunctional products is gaining momentum in the Cosmetics and Personal Care Ingredients Market. Consumers are seeking formulations that provide multiple benefits, such as hydration, sun protection, and anti-aging properties, all in one product. This trend indicates a shift towards efficiency, as individuals look to streamline their beauty routines without compromising on effectiveness.

Cosmetics Personal Care Ingredients Market Market Drivers

Increasing Focus on Personalization

Personalization is emerging as a key driver in the Cosmetics and Personal Care Ingredients Market. Consumers are increasingly seeking products tailored to their individual needs, preferences, and skin types. This trend is prompting brands to invest in research and development to create customizable formulations. Data suggests that personalized beauty products are expected to capture a significant share of the market, with projections indicating a growth rate of around 15% in this segment over the next few years. The rise of digital technologies, such as AI and data analytics, facilitates the customization process, allowing brands to offer unique solutions to consumers. This focus on personalization not only enhances customer satisfaction but also fosters brand loyalty, thereby influencing the overall dynamics of the Cosmetics and Personal Care Ingredients Market.

Growing Demand for Natural Ingredients

The Cosmetics and Personal Care Ingredients Market is witnessing a pronounced shift towards natural and organic ingredients. Consumers increasingly prefer products that are free from synthetic chemicals, which has led to a surge in the demand for plant-based and naturally derived components. According to recent data, the market for natural cosmetics is projected to grow at a compound annual growth rate of approximately 10% over the next five years. This trend is driven by heightened awareness of the potential adverse effects of synthetic ingredients on health and the environment. As a result, manufacturers are reformulating their products to incorporate more natural ingredients, thereby aligning with consumer preferences and regulatory standards. This growing inclination towards natural formulations is likely to reshape the competitive landscape of the Cosmetics and Personal Care Ingredients Market.

Rise of E-commerce and Digital Marketing

The rise of e-commerce is transforming the Cosmetics and Personal Care Ingredients Market. With the increasing penetration of the internet and mobile devices, consumers are more inclined to purchase beauty products online. This shift is prompting brands to enhance their digital marketing strategies and invest in online platforms to reach a broader audience. Data indicates that online sales of cosmetics and personal care products are expected to grow significantly, with projections suggesting a growth rate of over 20% in the next few years. E-commerce not only provides convenience but also allows for personalized shopping experiences through targeted marketing and recommendations. This trend is likely to reshape consumer purchasing behavior and influence the overall dynamics of the Cosmetics and Personal Care Ingredients Market.

Technological Advancements in Formulation

Technological innovations are playing a pivotal role in the Cosmetics and Personal Care Ingredients Market. Advances in formulation technologies, such as encapsulation and nanotechnology, enable the development of more effective and stable products. These technologies allow for the delivery of active ingredients in a more efficient manner, enhancing product performance and consumer satisfaction. For instance, encapsulated ingredients can provide sustained release, improving the efficacy of skincare products. The market is expected to see a rise in the adoption of such advanced technologies, which could potentially lead to the introduction of novel products that cater to specific consumer needs. This trend indicates a shift towards more sophisticated formulations that not only meet but exceed consumer expectations in the Cosmetics and Personal Care Ingredients Market.

Regulatory Compliance and Safety Standards

The Cosmetics and Personal Care Ingredients Market is increasingly influenced by stringent regulatory frameworks and safety standards. Governments and regulatory bodies are implementing more rigorous guidelines to ensure consumer safety and product efficacy. This has led to a heightened emphasis on ingredient transparency and safety assessments. Companies are now required to conduct thorough testing and provide detailed information about their ingredients, which can impact product formulation and marketing strategies. As a result, manufacturers are investing in compliance measures and reformulating products to meet these standards. This focus on regulatory compliance not only protects consumers but also enhances the credibility of brands within the Cosmetics and Personal Care Ingredients Market, potentially leading to increased consumer trust and market growth.

Market Segment Insights

Cosmetics and Personal Care Ingredients Type Insights

The Cosmetics and Personal Care Ingredients market segmentation, based on type, includes Formaldehyde, Glycerols,

<a href="https://www.marketresearchfuture.com/reports/titanium-dioxide-market-1081">Titanium Dioxide</a>, Isopropyls, Alcohols, Dimethicone, Sodium Lauryl Sulphate, Parabens, Tocopherols, Benzones, Oleochemical, <a href="https://www.marketresearchfuture.com/reports/surfactants-market-1422">Surfactants</a>, Polymer, Botanical Extracts, Others. The formaldehyde segment dominated the market because formaldehyde is a versatile ingredient that can be used in various cosmetic and personal care products, including hair styling products, skin care products, and nail care products.

Cosmetics and Personal Care Ingredients Application Insights

The Cosmetics and Personal Care Ingredients market segmentation, based on application, includes

emulsifiers

, stabilizers, preservatives, thickeners, moisturizers, emollients, and others. The preservatives segment dominated the market because preservatives are used in various cosmetic and personal care products to prevent the growth of bacteria, mold, and other microorganisms. This includes skin care products, hair care products, makeup products, and fragrances.

Cosmetics and Personal Care Ingredients End-Use Insights

Based on End-Use, the Cosmetics and Personal Care Ingredients market segmentation includes Skincare, Haircare, Fragrance, Bath &Shower, and others. The Skincare segment dominated the market because the customers favor beautifying skin products that help enhance their looks and further boost their confidence and demand, resulting in the expansion of the cosmetics and personal care ingredients market size.

Figure1:  Cosmetics and Personal Care Ingredients Market, by End-Use, 2022&2032(USD billion) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Get more detailed insights about Cosmetics and Personal Care Ingredients Market Report - Forecast till 2035

Regional Insights

North America : Market Leader in Innovation

North America is the largest market for cosmetics and personal care ingredients, holding approximately 35% of the global market share. The region's growth is driven by increasing consumer demand for organic and natural products, alongside stringent regulatory standards that ensure product safety and efficacy. The rise of e-commerce and social media marketing has further accelerated market expansion, making it a hub for innovation and trends. The United States is the dominant player in this region, with major companies like Procter & Gamble, Estée Lauder, and Coty leading the competitive landscape. Canada also contributes significantly, focusing on sustainable and eco-friendly products. The presence of key players fosters a dynamic market environment, encouraging continuous product development and consumer engagement.

Europe : Regulatory Framework and Trends

Europe is the second-largest market for cosmetics and personal care ingredients, accounting for around 30% of the global market share. The region is characterized by a strong regulatory framework that emphasizes safety and sustainability, driving demand for eco-friendly and organic products. The European Union's regulations on cosmetic ingredients and labeling have catalyzed innovation, pushing brands to adopt cleaner formulations and sustainable practices. Leading countries in this region include Germany, France, and the United Kingdom, with companies like L'Oreal and Unilever at the forefront. The competitive landscape is marked by a mix of established brands and emerging startups focusing on niche markets. The emphasis on sustainability and ethical sourcing is reshaping consumer preferences, making Europe a trendsetter in the global cosmetics industry.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is an emerging powerhouse in the cosmetics and personal care ingredients market, holding approximately 25% of the global market share. The region's growth is fueled by rising disposable incomes, urbanization, and a growing middle class that is increasingly investing in personal care. Additionally, the influence of social media and beauty trends from countries like South Korea and Japan is driving demand for innovative products and diverse offerings. China and Japan are the leading countries in this region, with significant contributions from India and South Korea. The competitive landscape is vibrant, featuring both global giants and local brands that cater to specific consumer needs. The presence of key players like Shiseido and Beiersdorf enhances market dynamics, fostering a culture of innovation and rapid product development.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa represent a resource-rich frontier for the cosmetics and personal care ingredients market, holding about 10% of the global market share. The region is witnessing a surge in demand for personal care products driven by increasing urbanization, a young population, and rising disposable incomes. Regulatory frameworks are evolving, promoting product safety and quality, which is essential for market growth. Leading countries include South Africa, the UAE, and Nigeria, where local and international brands are competing for market share. The presence of key players like Avon and Mary Kay is notable, as they adapt their offerings to meet regional preferences. The competitive landscape is characterized by a mix of traditional and modern retail channels, enhancing accessibility for consumers.

Key Players and Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Cosmetics and Personal Care Ingredients market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Cosmetics and Personal Care Ingredients industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Cosmetics and Personal Care Ingredients industry to benefit clients and increase the market sector. The Cosmetics and Personal Care Ingredients industry has offered some of the most significant advantages in recent years.

Major players in the Cosmetics and Personal Care Ingredients market, including DongmingJujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), SABIC, Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Artec Chemical Company Limited, Chemanol and DOGOIDE Group., and others, are attempting to increase market demand by investing in research and development operations. BASF SE, an initialism, and portmanteau for its original name BadischeAnilin- und Soda-Fabrik, is a European multinational company and the largest chemical producer in the world. Its headquarters are in Ludwigshafen, Germany.

BASF SE introduced a new production line at the Kaohsiung site in Taiwan to double the production of Uvinul a Plus, an ingredient used for UVA (UV longest wavelength) protection. It is used in various sun and skin care formulations. The production line was introduced to meet the rising consumer demand in the Asia Pacific market. The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most followed equity indexes.

Dow showcased sustainable beauty formulation and ACULYN rheology modifiers. This product reduces carbon footprint and is very easy to use.

Key Companies in the Cosmetics Personal Care Ingredients Market market include

Industry Developments

Q2 2024: BASF opens new personal care ingredients plant in Shanghai BASF inaugurated a new manufacturing facility in Shanghai dedicated to producing ingredients for the cosmetics and personal care industry, aiming to meet growing demand in the Asia-Pacific region.
Q2 2024: L'Oréal acquires biotech startup Debut for $200 million to boost sustainable ingredient innovation L'Oréal announced the acquisition of Debut, a California-based biotech company specializing in sustainable cosmetic ingredients, to accelerate its development of bio-based personal care products.
Q3 2024: Evonik launches new ceramide-based ingredient for sensitive skin care Evonik introduced a new ceramide ingredient designed for sensitive skin applications, expanding its portfolio of specialty personal care ingredients.
Q1 2024: Ashland announces partnership with Givaudan to co-develop natural personal care ingredients Ashland and Givaudan entered a strategic partnership to jointly develop and commercialize new natural ingredients for the cosmetics and personal care market.
Q2 2024: Unilever opens new R&D center for personal care ingredients in the UK Unilever opened a new research and development center in the UK focused on innovating sustainable and high-performance ingredients for its personal care brands.
Q3 2024: Croda appoints new CEO to drive growth in personal care ingredients segment Croda International announced the appointment of a new CEO, with a stated focus on expanding the company's presence in the global personal care ingredients market.
Q1 2025: DSM-Firmenich launches plant-based UV filter for sun care products DSM-Firmenich introduced a new plant-based UV filter ingredient, targeting the growing demand for natural and sustainable sun care solutions.
Q2 2025: Symrise acquires minority stake in biotech firm Clara Foods to access novel personal care ingredients Symrise acquired a minority stake in Clara Foods, a biotech company developing animal-free proteins and specialty ingredients for the cosmetics and personal care industry.
Q2 2025: Clariant opens new innovation center for personal care ingredients in Singapore Clariant inaugurated a new innovation center in Singapore to accelerate the development of advanced ingredients for the cosmetics and personal care sector.
Q1 2025: Solvay receives EU regulatory approval for new biodegradable surfactant for personal care Solvay announced it has received regulatory approval from the European Union for its new biodegradable surfactant, designed for use in personal care formulations.
Q3 2024: IFF launches upcycled ingredient line for sustainable beauty products International Flavors & Fragrances (IFF) launched a new line of upcycled ingredients aimed at meeting the rising demand for sustainable and eco-friendly beauty and personal care products.
Q2 2024: L'Oréal and Geno announce partnership to develop bio-based cosmetic ingredients L'Oréal and Geno entered a multi-year partnership to co-develop and scale up the production of bio-based ingredients for use in L'Oréal's personal care and beauty products.

Future Outlook

Cosmetics Personal Care Ingredients Market Future Outlook

The Cosmetics and Personal Care Ingredients Market is projected to grow at a 5.04% CAGR from 2024 to 2035, driven by innovation, sustainability, and consumer demand for natural ingredients.

New opportunities lie in:

Development of biodegradable packaging solutions for cosmetic products.
Investment in AI-driven personalized skincare formulations.
Expansion of e-commerce platforms for niche ingredient sourcing.

By 2035, the market is expected to be robust, reflecting evolving consumer preferences and technological advancements.

Market Segmentation

Cosmetics and Personal Care Ingredients Type Outlook

Formaldehyde
Glycerols
Titanium Dioxide
Isopropyls
Alcohols
Dimethicone
Sodium LaurylSulphate
Parabens
Tocopherols
Benzones
Oleochemical
Surfactants
Polymer
Botanical Extracts
Others

Cosmetics and Personal Care Ingredients End-Use Outlook

Skincare
Haircare
Fragrance
Bath & Shower
others

Cosmetics and Personal Care Ingredients Regional Outlook

{"North America"=>["US"
"Canada"]}
{"Europe"=>["Germany"
"France"
"UK"
"Italy"
"Spain"
"Rest of Europe"]}
{"Asia-Pacific"=>["China"
"Japan"
"India"
"Australia"
"South Korea"
"Rest of Asia-Pacific"]}
{"Rest of the World"=>["Middle East"
"Africa"
"Latin America"]}

Cosmetics and Personal Care Ingredients Application Outlook

Emulsifiers
Stabilizer
Preservatives
Thickeners
Moisturizers
Emollient

Report Scope

MARKET SIZE 2024	10.18(USD Billion)
MARKET SIZE 2025	10.69(USD Billion)
MARKET SIZE 2035	17.49(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.04% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Growing demand for sustainable and natural ingredients in the Cosmetics and Personal Care Ingredients Market.
Key Market Dynamics	Rising consumer demand for natural ingredients drives innovation and regulatory scrutiny in the Cosmetics and Personal Care Ingredients Market.
Countries Covered	North America, Europe, APAC, South America, MEA