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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https://www.grandviewresearch.com/industry-analysis/emollients-oils-personal-care-cosmetics-market
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
