U.S. demand for cosmetic and toiletry chemicals is expected to increase more than 5% a year to $6.8 billion in 2008, according to Cosmetic and Toiletry Chemicals, a new study from Cleveland-based The Freedonia Group.
Active ingredients designed to enhance appearance and counter the effects of aging will help drive advances. Growth will also reflect increasing consumer demand for plant-derived ingredients and specialty additives that provide protection from sun, wind, smoke, heat, pollution and other threats to the skin and hair, Freedonia Group executives said.
Demand for flavors and fragrances in the U.S. will also increase, reaching $4.4 billion in 2007, according to Freedonia’s study, Flavors & Fragrances to 2007. The study reports that growth will be supported by ongoing consumer preferences for more expensive natural ingredients and a growing interest in more complex, authentic flavors and fragrances.
Fragrance blends will lead gains, followed closely by essential oils and natural extracts, according to the study. The report includes historical-demand data for 1992, 1997 and 2002 and forecasts to 2007 and 2012 by product.
More info: Website: www.freedoniagroup.com.