Beauty products

Global bio-based cosmetics and personal care ingredients

Delhi NCR, April 05, 2022 (GLOBE NEWSWIRE) — The growth of the global bio-based cosmetics and personal care ingredients market can be attributed to the growing awareness about the harmful effects of synthetic chemicals, government regulations restricting the practice of synthetic ingredients in personal care products and cosmetics, associated with the impact of advertising. strategies on consumer confidence…

A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the world Bio-Based Cosmetics and Personal Care Ingredients Market was worth $3.5 billion in 2021 and is expected to reach $4.9 billion by 2028 at a CAGR of 5.2%. This is attributable to the initiatives taken by various governments around the world to encourage the use of bio-based cosmetics. Additionally, the growing awareness of the harmful effects of synthetic cosmetics is driving people to turn towards bio-based and natural options, thus propelling the growth of the bio-based cosmetics and personal care ingredients market.

Growing demand coupled with growing research and development to drive market growth

The growing trend in the use of cosmetics and personal care products made from natural and organic ingredients is expected to boost the market growth. Increasing R&D investments in research and development coupled with technological advancements in ingredient processing and cost-effective production technologies are expected to further enhance the growth of the bio-based cosmetics and personal care ingredients market. In addition, growing consumer demand for natural ingredients and additives in cosmetic products due to rising consumer awareness about the harmful effects of traditional synthetic chemicals is expected to drive substantial market growth over the forecast period 2022. -2028. .

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Vitamins and derivatives segment accounted for the largest market share in 2021 by application

Based on active ingredients, the global bio-based cosmetics and personal care ingredients market has been segmented into vitamins and derivatives, ceramides, peptides, resveratrol, potassium sorbate, bio-succinic acid, hyaluronic acid, glycerin, creatine, alpha acids -hydroxy and others. Amid segmentation, vitamins and derivatives segment is expected to dominate the global bio-based cosmetics and personal care ingredients market during the forecast period 2022-2028. This can be attributed to the change in lifestyles coupled with the widespread awareness among consumers related to their overall personality enhancement, which is expected to boost the global vitamins and derivatives market.

Impact of COVID-19 on the bio-based cosmetics and personal care ingredients market

As a result of the COVID-19 pandemic, the world has experienced one of the worst recessions since World War II. The emergence of the COVID-19 pandemic has brutally impacted the global market for bio-based cosmetics and personal care ingredients. Lockdowns in major countries around the world have halted the import and export of cosmetics and personal care products. Many industries have curtailed or reduced their production, thus seriously affecting business income. Disruptions in the supply of raw materials acted as a preventive factor that challenged the growth of the industry. These factors are negatively impacting the overall bio-based beauty and personal care ingredients market trends. Nonetheless, with improving market circumstances in the post-COVID era, the growth of the bio-based cosmetics and personal care ingredients market is expected to pick up during the forecast period.

Please see Bio-Based Cosmetic and Personal Care Ingredients Market Press Release: https://www.blueweaveconsulting.com/press-release/bio-based-cosmetics-and-personal-care-ingredients-market-projected-to-reach-worth-usd-4-9-billion-by-2028

North America led the bio-based cosmetics and personal care ingredients market in 2021

Based on the regional analysis, the global bio-based cosmetics and personal care ingredients market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Amid segmentation, North America dominated the global bio-based cosmetics and personal care ingredients market with the largest share in 2021. North America and Europe hold substantial market shares in the global bio-based cosmetics and personal care ingredients market, primarily due to rising effects of pollution, e.g. premature skin aging, risk of skin cancer, roughness, dryness and discoloration, which grow consumers to use chemical-free products to preserve their skin. Moreover, the Asia-Pacific region is currently the fastest growing region in the market.

Competitive landscape

The market for bio-based cosmetics and personal care ingredients is fragmented, with many players serving the market. The major players dominating the global bio-based cosmetics and personal care ingredients market are Ashland, BASF SE, Clariant, Croda International Plc, Covestro AG, DuPont Tate & Lyle Bio Products, DSM, Dow, Evonik Industries AG, Eastman Chemical Company , ELEMENTIS PLC, Genomatica Inc., Nouryon, Sollice Biotech, Solvay, Lubrizol Corporation and other leading players. The major marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer base and gain a competitive edge in the overall market.

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The in-depth analysis of the report provides insights into the growth potential, upcoming trends and statistics of the global bio-based cosmetics and personal care ingredients market. It also highlights the factors driving the forecast of the total market size. The report promises to provide recent technology trends in the global Bio-based Cosmetics and Personal Care Ingredients market along with industry insights to help decision makers take sound strategic decisions. In addition, the report also analyzes market growth drivers, challenges, and competitive dynamics.

Recent development

  • October 2021: Ashland has launched a new line of gentle deodorants called Sensidin, a pure skin multifunction that delivers powerful, fast-acting action against odor-causing bacteria at very low use concentrations while respecting the individual microbiome.
  • June 2021: Symrise announced the launch of Hydrolite 7 Green which is a new generation 100% biobased multifunctional cosmetic. The unique 7-carbon alkane diol is believed to be obtained from sustainably sourced castor oil. It is a clear, colorless and neat ingredient that can be supplemented with various traditional or green cosmetic formulations, which work on most skin types.

Report Scope:

Attribute Details
Years considered Historical data – 2018-2021
Base year – 2021
Forecast- 2022-2028
Facts Covered Revenue in millions of dollars
Market coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/service segmentation By product type, by application, by active ingredients and by region.
Key players The major players dominating the global bio-based cosmetics and personal care ingredients market are Ashland, BASF SE, Clariant, Croda International Plc, Covestro AG, DuPont Tate & Lyle Bio Products, DSM, Dow, Evonik Industries AG, Eastman Chemical Company , ELEMENTIS PLC, Genomatica Inc., Nouryon, Sollice Biotech, Solvay, Lubrizol Corporation and other leading players.

By product type

  • emollients
  • Packaging of polymers
  • Surfactants
  • Emulsifiers
  • Rheological control
  • Antimicrobials
  • Others (UV absorbers and hair fixing polymers)

By active ingredients

  • Vitamins and derivatives
  • Ceramides
  • peptides
  • Resveratrol
  • Potassium sorbate
  • Bio-succinic acid
  • Hyaluronic acid
  • glycerine
  • Creatine
  • Alpha hydroxy acid
  • Others

By app

  • Skin and sun care
  • Hair care
  • Make-up and color cosmetics
  • Perfumes
  • Others (oral and hygiene)

By region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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