Escalating demand for cosmetic products pushes the market for cosmetic ingredients

Market - Mohit Shah - Jun 08,2017

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escalating demand for cosmetic products pushes the market for cosmetic ingredients

The global cosmetic ingredients market acquired a worth of US$22.89 bn in 2016 and is anticipated to rise at a CAGR of 4.60% from 2017 to 2025.

In this modern world, the pursuit of beauty, along with the increasing consciousness of consumers towards physical appearance, as well as the rising awareness related to skin care has fueled the demand for cosmetics all across the globe. Moreover, the growing trend of anti-aging formulations is also boosting the growth of the market for cosmetic ingredients.

As per a report offered by Transparency Market Research (TMR), the cosmetic ingredients market on the global scenario was valued at US$22.89 bn in 2016 and is expected to swell at a CAGR of 4.60% from 2017 to 2025. Cosmetic ingredients are primarily utilized as moisturizing agents, cleansing agents, and coloring agents. Out of these, the moisturizing agents segment grabs the most prominent share in this market, all thanks to the extensive usage of moisturizing agents in hair care, skin care and makeup cosmetics.

The implementation of tough government rules and regulations over a number of ingredients is surely going to act as a restraint on the growth of this market in the coming years. However, the continual changes in the preferences of global consumers are predicted to generate rewarding opportunities for the progress of the cosmetic ingredients sector.

 Considering the global expanse, the cosmetic ingredients market is most active in the regions including North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Among these, the driving countries are China, Japan, India and the Rest of Asia Pacific. As per statistics, the Asia-Pacific region dominated the global market in 2016 with an overall share of 32.02%. 

 

For more information on this report visit- http://www.transparencymarketresearch.com/cosmetic-ingredients-market.html