Global Cosmetic Raw Materials Market By Type (Active Ingredient, Carrier, Aesthetic Material), By Application (DSkin & Body Care, Hair Care, Bath & Shower Products, Color Cosmetics), and By Region - Global Forecast to 2030

Global Cosmetic Raw Materials Market is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global cosmetic raw materials market has been segmented on the basis of type, application, as well as regions and countries.

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The Global Cosmetic Raw Materials Market was valued at UЅD $24,459.7 Мn in 2020, and is projected to achieve a valuation of UЅD $38,186.1 Мn by 2030, at a САGR of 5.4%.

Overview:

Raw materials that comprise most cosmetics include water, emulsifiers, preservatives, thickeners, moisturizers, colors, and fragrances. These ingredients can be naturally occurring or artificial, but any potential impact on the health of individuals depends mainly on the chemical compounds they are made of.

Dynamics:

Owing to ever-changing lifestyle trends, as well as increasing disposable incomes of individuals across the world are some of the primary factors that are expected to continue to fuel the revenue growth of the global cosmetic raw materials market over the next 10 years. Moreover, the value of proper skin care treatment among both men and women due to its numerous benefits is promoting the use of various types of cosmetic products by assorted manufacturers. This is another factor that is slated to compliment future market growth opportunities for this global industry.

Furthermore, the increasing demand for various multi-purpose cosmetic products that offer various benefits such as UV protection, cleansers, moisturizers, antioxidants, anti-aging, etc., is a factor that is expected to subsequently increase the demand for additional raw materials, boosting market growth in the process.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global cosmetic raw materials market is no different, and this is expected to have a negative impact on the revenue growth of this industry in the years to come. Additionally, the numerous regulations and guidelines being enforced by respective governing bodies concerning the product manufacturing and storage is also a factor that is slated to influence this global industry in the coming years.

Nonetheless, increasing investments being made by key industry players towards the development and diversification of existing product portfolios, to improve new business prospects is another factor that is expected to compliment the revenue growth of the global cosmetic raw materials market in the foreseeable future.

Segmentation of the global cosmetic raw materials market is as follows:

In terms of type, the active ingredient segment accounted for the maximum number of revenue shares of the global cosmetic raw materials market in 2020, and is expected to continue doing so over the forecast period. The aesthetic material segment is also anticipated to index a high CAGR over the next 10 years.

With regards to application, the skin & body care segment accounted for the highest number of revenue shares of the global cosmetic raw materials market in 2020, and is anticipated to continue doing so over the next decade. However, the color cosmetics segment is indicative of registering the highest CAGR over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global cosmetic raw materials market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. However, the markets in the Asia Pacific region are anticipated to index the highest CAGR over the forecast period.

Segmentation of the Global Cosmetic Raw Materials Market:

Segmentation by Type:

• Active Ingredient
• Carrier
• Aesthetic Material
• Other Types

Segmentation by Application:

• Skin & Body Care
• Hair Care
• Bath & Shower Products
• Color Cosmetics
• Other Applications

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA