09.15.16
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.
Factors affecting market growth over the next few years include rising consumer awareness towards personal care and hygiene and increasing disposable income in emerging economies, such as China and India.
View a sample of the report here.
Key Findings
Factors affecting market growth over the next few years include rising consumer awareness towards personal care and hygiene and increasing disposable income in emerging economies, such as China and India.
View a sample of the report here.
Key Findings
- 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.