Phenomenal Growth of North America Personal Care Specialty Ingredients Market from Demand and Supply
The rising consumer responsiveness towards hygiene and personal care is expected to remain a key factor steering market growth over the next decade. The North America Personal Care Specialty Ingredients Market value is anticipated to reach USD 4.7 billion by 2025, according to a new report by Grand View Research, Inc. Cosmetic products consumption patterns have changed drastically over the past few years in the region. The growing aging population mainly in the U.S. and increasing air pollution has led to the rising demand for multispecialty cosmetic products. In order to cater to the rising demand, the manufacturers have increased the R&D investments for specialty ingredients which have dramatically enhanced the production processes over the past few years. Surfactant was the leading active product segment in the North America market in 2015. Its chemical properties make it compatible with several other ingredients and this factor can be attributed to the high penetration