Emollients & Oils for Personal Care and Cosmetics Market Predicted to Witness Steady Growth During the Forecast Period

The global emollients & oils for personal care and cosmetics market size is expected to reach USD 1.54 billion by 2025, according to a report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.1% during the forecast period. This growth is attributed to the rapid emergence of new cosmetic brands, emerging economies, and rising adoption of digital technologies.

Shifting focus of business and distribution relationship for product manufacturers and ingredient suppliers is towards online sales platforms is challenging the primary sales channels. This is not only enabling ease in accessibility but is also boosting the international potential customer base. Thus, the manufacturers are increasingly focusing on digital engagement to boost the sales of cosmetics and personal care products.

Emollients and oils manufacturers are strengthening their presence across the emerging economies owing to a strong potential of growth across Asia and Middle East and Africa. These developing geographies are depicting as the source of innovation and are modernizing the personal care industry with increasing investments from major market players.

The developed regions account for a majority of share of the emollients and oils for personal care and cosmetics market owing to the presence of a large number of manufacturers and high product consumption on account of premium spending capacity.

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Further key findings from the report suggest:

·       The skin care application is expected to hold a major market share in terms of volume whereas the deodorant application segment is expected to register the highest growth rate in terms of revenue during the forecast period

·       In 2017, Europe was the largest consumer of emollients and oils for personal care and cosmetics market

·       Asia Pacific is expected to generate revenue around USD 450 million by 2025 owing to increasing manufacturing base across the region

·       Some of the key market players are The Lubrizol Corporation; Evonik Industries AG; Innospec, Inc.; BASF SE; and Stephenson Group Limited.

Grand View Research has segmented the global emollients and oils for personal care and cosmetics market on the basis of application and region:

Emollients & Oils for Personal Care & Cosmetics Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         Sun care

·         Deodorants

·         Skin care

·         Hair care

·         Others

Emollients & Oils for Personal Care & Cosmetics Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         MEA

·         CSA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com