Personal Care Ingredients Market is Projected to Reach $17,600.0 Million in 2020

Date: 2015-09-10

“The personal care ingredients market is projected to register a CAGR of 5.4% between 2015 and 2020 to reach $17,600.0 million. 

The market for personal care ingredients is estimated to grow on account of changing lifestyle and increase in spending capacity. Huge demand from Asia-Pacific region and increasing demand for multi-functional ingredients are also major driving factors driving the personal care ingredients market. The factors restraining the market growth are environmental regulations regarding the toxicity of certain personal care ingredients. 

Asia-Pacific is the fastest growing region in the global personal care ingredients market. The countries dominating in the Asia-Pacific region are China, Japan, India, and South Korea. Asia-Pacific is also estimated to have the highest growth mainly due to improved lifestyle, rising disposable income, rapid urbanization and increasing consumer awareness towards healthy and hygiene lifestyle. 

Surfactants is the most widely used ingredient in personal care and accounted for maximum share of the total market, in terms of value, in 2015. It is estimated to continue being the most widely used personal care ingredient till 2020. Surfactants are widely used in formulations of  soaps, shampoos, toothpastes and others which are the most used personal care products. Conditioning polymers are estimated to achieve highest growth rate in the next five years. Conditioning polymers are the second most widely used personal care ingredient and have major applications in hair care products. 

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