Press Release
Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Cosmetic Ingredients Market Report and Forecast 2021-2026’ the global cosmetic ingredients market is expected to grow at a CAGR of 8% in the forecast period of 2021-2026.
The rising demand for beauty and personal care products in North America and Europe is significantly contributing to the growth of the cosmetics industry, which is propelling the global cosmetic ingredients market forward. The United States is a leading exporter of cosmetics, particularly to India, Japan, China, Mexico and Brazil. The American cosmetics industry is investing heavily in R&D to create innovative products and beauty equipment that will accelerate the market for cosmetics and personal care products over the forecast period. In the Asia Pacific and Latin America, the perception of cosmetics and personal care products as an essential element in the development of self-esteem and the improvement of social life is likely to continue to grow. Consumers also value the highest quality of life and personal hygiene, thus, boosting the demand for cosmetic products. These factors are expected to drive the growth of the global cosmetic ingredients market.
Over the forecast period, the industry will be driven by the increasing demand for clean labelling in cosmetic formulations. As a result, manufacturers are concentrating on developing natural and organic ingredients and are increasing their market inventories for clean labelled cosmetic ingredients. In addition, they are increasingly investing in the research and development of environmentally friendly product alternatives. Key industry players such as DSM and BASF have also begun expanding the range of clean-labelled ingredients.
In October 2020, as part of the 2018 development project, BASF (OTCMKTS: BASFY) announced that the company has increased its production capacity for Alkyl Polyglucosides (APG) by an additional 10,000 metric tons in Jinshan, China. APGs are surfactants used to enhance mildness and foam in personal care products such as face wash, body wash, and shampoo. This Jinshan plan will surely strengthen the market position of BASF and expand its global reach, thus aiding the overall cosmetic ingredients industry.
Market Breakup by Application, Type, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global cosmetic ingredients industry are BASF, Eastman Chemical Co., Evonik Industries AG, DSM, and Solvay, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
About Us:
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.