Personal Care Specialty Ingredients Market Expected To Encourage Expansion At A USD 15.76 Billion By 2024


 San Francisco, 17 May 2023: The Report Personal Care Specialty Ingredients Market Analysis By Product (Active (Surfactant (Amphoteric, Anionics, Cationics, Non-Ionics), Emollient (Emollient Ester, Natural Oil), UV Absorbers (Organic, Inorganic), Conditioning Polymer (Silicone, Polyquaternium, Conditioning Protein), Antimicrobial (Preservative, Bacteriostats, Antidandruff Agents), Inactive) And Segment Forecasts To 2024

The global personal care specialty ingredients market is expected to reach USD 15.76 billion by 2024, according to a new report by Grand View Research, Inc. Rising consumer awareness towards personal care and hygiene is expected to be a major factor for substantial market growth over the next few years. In addition, increasing disposable income in the emerging economies, particularly in the Asia-Pacific countries such as China and India, is expected to have a positive effect on market growth.

Surfactants accounted for 30.6% of the global active personal care specialty ingredients market in 2015. High penetration of this segment in personal care sector can be attributed to its chemical properties that make it compatible with several other ingredients. The anionics dominated the surfactant product segment owing to its use in a variety of personal care products, such as skin care, hair care and color cosmetics.

Access Research Report of Personal Care Specialty Ingredients Market @ https://www.grandviewresearch.com/industry-analysis/personal-care-specialty-ingredients-market

 Further key findings from the report suggest:

  • The inactive personal care specialty ingredients market is estimated to grow at a CAGR of 5.4% over the forecast period. Growth in this segment is attributed to the significant product demand in enhancing the effectiveness of primary components in cosmetic products.
  • Active specialty ingredients are anticipated to account for 58.6% of the global revenue by 2024. Growing demand for cosmetics with both conditioning and other functionalities such as UV and anti-dandruff treatment is expected to steer growth.
  • Conditioning polymers are anticipated to witness the highest growth of 6.6% over the forecast period. Ongoing research activities in protein and polyquaternium based ingredients to develop competent hair conditioning products is expected to offer ample opportunities for industry participants over the long term.
  • Asia Pacific is expected to remain as the fastest growing region and is estimated to grow at a CAGR of 6.0% over the next eight years
  • China market is anticipated to witness high growth owing to expanding personal care & cosmetics manufacturing bases. Emollients accounted for 22.1% of the total active ingredients revenue in China and is expected to reach a net worth of USD 87.2 million by 2024.
  • Key industry participants in the market include Ashland, BASF, Croda, Evonik, and Dow Chemical. Other major players include Inolex, Naturex, Clariant International, Vantage Specialty Ingredients, LotionCrafter, Avenir Ingredients, Treatt, and Cosmetics Ingredients (Pty) Ltd.

Access Press Release of Personal Care Specialty Ingredients Market @ https://www.grandviewresearch.com/press-release/global-personal-care-specialty-ingredients-market

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more