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Things of Beauty

February 9, 2017

Global cosmetic ingredients market growing 4% a year.

The global cosmetic ingredients market is expected to grow at a CAGR of more than 4% through 2021, according to
a study released by Technavio. The report, Global Cosmetic Ingredients Market 2017-2021, provides an nalysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

“Manufacturers are now expanding the luxury segment to cover the full spectrum of the cosmetics market, and as cosmetic ingredients are essential for the production of cosmetics, they are playing a significant role in the growth of the overall cosmetics industry,” according to Mahitha Mallishetty, a lead analyst at Technavio for specialty chemicals research.

The market research analysis categorizes the global cosmetic ingredients market into three major application segments. They are:

  • Hair care and skin care
  • Color cosmetics 
  • Perfume and fragrance

According to Technavio, the top cosmetic ingredient vendors are:

   • AkzoNobel
   • Ashland
   • BASF
   • Clariant

“The growth of ingredients in the fragrances segment is driven by the significant demand from manufacturers of fine fragrances, cosmetics and toiletries, soaps and detergents, household cleaners, and air fresheners,” says Mahitha.