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Personal Care Specialty Ingredients Market Segments and Key Trends by 2024

Rising consumer awareness towards personal care and hygiene is expected to be a major factor for substantial market growth over the next few years. In addition, increasing disposable income in the emerging economies, particularly in the Asia-Pacific countries such as China and India, is expected to have a positive effect on market growth. The Global Personal Care Specialty Ingredients Market is expected to reach USD 15.76 billion by 2024, according to a new report by Grand View Research, Inc. Surfactants accounted for 30.6% of the global active personal care specialty ingredients market in 2015. High penetration of this segment in personal care sector can be attributed to its chemical properties that make it compatible with several other ingredients. The anionics dominated the surfactant product segment owing to its use in a variety of personal care products, such as skin care, hair care and color cosmetics. The inactive personal care specialty ingredients market is estimate

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