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Specialty ingredients market for personal care products to cross the USD 10 billion mark by 2020

corresponding

KUNAL MAHAJAN
Kline Group, Global Market Analysis and Database, 35 Waterview Boulevard, Parsippany, NJ 07054, USA

Abstract

The market value for specialty personal care ingredients in the key regions (including Europe, the United States, Brazil, China, Japan, Southeast Asia, India, and Rest of World) covered in Kline’s recently published Personal Care Ingredients Database is estimated at USD 9.0 billion in 2015. As sales of such ingredients has witnessed growth in the last few years, this growth is expected to continue in the future, providing an opportunity to ingredients suppliers to increase their presence in the industry.


INTRODUCTION
Personal care products have become entrenched as an important part in consumers’ daily routines across the globe. As a result, the market size for personal care products is more than USD 400 billion and growing rapidly due to the increasing population, rising awareness of health and hygiene, and advancing income levels, especially in developing countries. From this, sales of ingredients used in these products have also witnessed growth in the last few years. This growth is expected to continue in the future, providing an opportunity to ingredients suppliers to increase their presence in the industry.

 

Market Overview
The market value for specialty personal care ingredients in the key regions (including Europe, the United States, Brazil, China, Japan, Southeast Asia, India, and Rest of World) covered in Kline’s recently published Personal Care Ingredients Database is USD 9.0 billion in 2015. With respective shares of 30% and 28%, Europe and the United States remain the two largest markets in the world, notably because of their strong orientation toward specialty ingredients. They are followed ...




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