The report “Natural Personal Care Ingredients Market by Type (Emollients, Surfactants, Rheology Modifiers, Preservatives, Active Ingredients), Application (Skin Care, Hair Care, Make-up, Oral Care), and Region – Global Forecast to 2028″, size was USD 5.3 billion in 2022 and is projected to reach USD 7.9 billion by 2028, at a CAGR of 8.3%, between 2023 and 2028. The market is projected to grow because of the evolving lifestyle across the globe. These natural Ingredients play a crucial role in various skin care, hair care, oral care, make-up, and other applications such as foundations, serums, shampoos, bath soaps, shower gels, creams, face masks, sun care products, lip balms, lipsticks, color cosmetics, and others. In addition, due to the increasing population, increasing demand for natural ingredients, technological advancements, and changing consumer preferences the demand for natural personal care ingredients can increase due to various applications.
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- 198 Market Data Tables
- 68 Figures
- 241 Pages and in-depth TOC on “Natural Personal Care Ingredients Market – Global Forecast to 2028”
Some of the prominent key players are:
· BASF SE (Germany)
· Croda International Plc (UK)
· Ashland Inc. (US)
· The Lubrizol Corporation (US)
· Evonik Industries AG (Germany)
· Dow Inc. (US)
· Symrise AG (Germany)
Driver: Evolving lifestyle worldwide
The global shift towards more health-conscious and environmentally friendly lifestyles is serving as a significant driver for the natural personal care ingredients market. As people become increasingly aware of the potential health risks associated with synthetic chemicals in traditional personal care products, there is a growing demand for natural alternatives. Consumers are seeking products that are made from plant-based or organic ingredients, which are perceived as safer and more sustainable. This trend is fueled by a desire for products that align with ethical values, such as cruelty-free manufacturing practices and eco-friendly packaging. As a result, manufacturers are responding to this demand by formulating products with natural ingredients, driving the growth of the natural personal care ingredients market worldwide.
Based on application, skin care was the largest segment of the natural personal care ingredients market, in terms of value, in 2022.
Skincare stands as the largest application segment within the natural personal care ingredients market, owing to its extensive range of products and the utilization of nearly all types of natural ingredients. From moisturizers to cleansers, serums to masks, skin care encompasses a wide range of products catering to various skin types and concerns. Natural personal care ingredients play a pivotal role across this spectrum, serving as emollients for hydration, surfactants for cleansing, preservatives for product stability, and more. The versatility and efficacy of natural ingredients in addressing diverse skin care needs have propelled their widespread adoption by consumers seeking safer, eco-friendly alternatives. Thus, skin care is the largest application of natural personal care ingredients market.
Europe accounted for the largest market share for the natural personal care ingredients market, in terms of value, in 2022.
Europe holds the largest share of the natural personal care ingredients market, driven by shifting customer preferences towards eco-friendly and sustainable products. Also, this region boasts the presence of industry giants like BASF SE, Croda International Plc, and Syensqo, renowned for their innovative formulations and commitment to quality. European consumers are increasingly opting for natural ingredients, aligning with the principles of these manufacturers, who prioritize environmentally friendly practices. This convergence of changing consumer demands and the presence of established industry leaders solidifies Europe’s dominance in the natural personal care ingredients market.
