Global Personal Care Ingredients Market to Attain Us$11.76 Bn by 2023 - PowerPoint PPT Presentation

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Global Personal Care Ingredients Market to Attain Us$11.76 Bn by 2023

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Title: Global Personal Care Ingredients Market to Attain Us$11.76 Bn by 2023


1
Personal Care Ingredients Market Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast, 2023
2
Global Biogas Plant Market Snapshot
  • The global personal care ingredients market is
    increasingly fragmented and competitive, notes
    Transparency Market Research (TMR). Multinational
    companies largely hold prominent stakes in the
    value chain, mainly on account of their contracts
    and strategic ties spanning years.
  • They also wield higher stakes in the global
    personal care ingredients market due to their
    financial might, giving them a competitive gain
    in development activities. 
  • TMR finds that in 2014 the leading share was held
    jointly by three companies, namely, Akzo Nobel
    N.V., Evonik Industries AG, and BASF SE., as they
    accounted for nearly 24.4 share in the global
    personal care ingredients market. The level of
    competition in the personal care ingredients
    market is expected to stay unchanged in the
    coming few years also, as the threat of entry is
    substantial.
  • The global personal care ingredients market will
    also see several regional players making foray in
    the coming years. 
  • The global personal care ingredients market will
    clock a CAGR of 5.2 during 2015 - 2023. The
    market which stood at US8.19 bn in 2016 will
    reach a worth of US11.76 bn by 2023 end. 
  • Among the types of application, the use of
    personal care ingredients in skin care is
    projected to reach a share of 33.1 by 2023 end.
      
  • The revenues especially are driven by the demand
    for products such as hand lotions, baby care
    products, creams, and body lotions, especially
    among developing and developed countries. 
  • Regionally, Asia Pacific is fast occupying the
    status of the most attractive market for personal
    care ingredients. The growth is driven by
    widespread and copious demand for various
    personal care ingredients among its burgeoning
    population. 

3
Copious Demand for Skin Care Products in
Emerging Economies bolsters Prospects of Personal
Care Ingredients 
  • Growing awareness about the benefits of personal
    care ingredients, especially skin care, in
    worldwide population is a key factor behind the
    evolution of the market. 
  • In numerous emerging economies, premium personal
    care products have also gained some traction.
  • Continually rising investment on research and
    development (RD) activities by manufacturers of
    personal care ingredients has led to a wide
    assortment of personal care products to meet the
    current and wide diversity of consumer needs,
    world over.
  • This adds to the lucrativeness of the personal
    care ingredients market. 

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4
Request For Multiple Chapters of Biogas Market
Here
  • Stringent Regulations cause Slowdown, Shift
    toward Natural Products offers Growth Impetus
  • Stringent regulations pertaining to
    manufacturing, approval, and marketing of
    personal care products have slowed down the
    overall growth of the personal care ingredients
    market.
  • In several countries, such regulations are a
    result of increasing safety norms, especially in
    established markets of Europe and North America.
    The fallout is dampened prospects of the personal
    care ingredients market.
  • For instance, in India, an emerging market,
    cosmetic companies need to submit safety data for
    approval for use of personal care products. 

5
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

6
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