The global beauty and personal care surfactants market size is expected to
reach USD 11.64 billion by 2025, according to a new report by Grand View
Research, Inc. It is anticipated to expand at a CAGR of 5.79% during the
forecast period. Rising consumer awareness regarding hair and skin care coupled
with changing lifestyle are expected to drive the growth. Moreover, significant
rise in purchasing power of consumers in developing countries such as China and
India is also expected to drive the demand.
The market is driven by application of
surfactants in premium products in the personal care category leading to the
rise in sales of the quality ingredients. Rising middle class population and
disposable income are anticipated to positively influence the product demand
over forecast period.
Growth of the market for beauty and
personal care surfactants is attributed to the leading number of product
launches in the beauty and lifestyle segment, due to the high demand for the
antiaging products. For instance, in April 2018, BASF introduced a new range of
personal care products for healthy hair and skin solutions with mild
surfactants and natural conditioning elements. However, the impact of the
e-commerce channels, a number of beauty specialist retailers, and social media
advertisements, provides a huge opportunity for growth of the market.
In North America, the demand for personal
care surfactants is anticipated to witness a rise due to consumer awareness
regarding grooming along with the growing product launches. Moreover, rise in
sales of hair and skin care products in Asia Pacific has been contributing to
the demand for surfactants in the past few years. The skin care market in Asia
Pacific is expected to reach USD 90.12 billion expanding at a CAGR of 6.41%
over the forecast period.
Growing consumer interest in beauty
products along with the impact of leading players such as L’Oreal SA; Procter
and Gamble; and Avon Products Inc. will further fuel the beauty and personal
care surfactants market. Rising adoption of various business strategies such as
product launches and expanding the geographical reach to increase development
scenario of products is anticipated to positively influence the growth. The
market is characterized by a few initiatives such as, acquisitions, limited
extensions, mergers, online sales, and development endeavors by the key players
in the business, for example, BASF, Akzo Nobel, Kao Corporation, Stepan
Company, Rhodia, Clariant, Evonik Industries, and Croda International.
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https://www.grandviewresearch.com/industry-analysis/beauty-personal-care-surfactants-market
Further key findings from the report suggest:
· In terms of revenue,amphoterics segment is
projected to ascend at a CAGR of 8.77% over the forecast period from 2019 to
2025
· Skin care segment led the application
segment with an overall market share of over 54.99% in 2018
· Asia Pacific held the leading market share
of 37.44% in terms of revenue in 2018. This trend is projected to continue over
the next few years
· Growing personal care industry on account
of rise in changing lifestyle mainly in developed countries is expected to
further propel the global beauty and personal surfactants market
· With increasing disposable income in India,
South Korea, China, and Japan, the market is anticipated to witness growth
· The market is highly competitive in nature
with the presence of main players such as BASF, Akzo Nobel, Kao Corporation,
Stepan Company, Rhodia, Clariant, Evonik Industries
· Various manufacturers are concentrating on
new product launches, capacity expansions, and technological innovations to
estimate existing and future demand patterns from upcoming product segments
Grand View Research has segmented the
global beauty and personal care surfactants market on the basis of product,
application, and region:
Beauty and Personal Care Surfactants
Product Outlook (Revenue, USD Billion, 2015 - 2025)
·
Nonionics
·
Cationics
·
Amphoterics
·
Anionics
·
Others
Beauty and Personal Care Surfactants
Application Outlook (Revenue, USD Billion, 2015 - 2025)
·
Skin Care
·
Hair Care
·
Others
Beauty and Personal Care Surfactants
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
