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Cosmetic Chemical Sales To Post CAGR 5.8% To 2025

North America will be the fastest growing region, says ResearchandMarkets.

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By: Tom Branna

Cosmetic Chemical Sales To Post CAGR 5.8% To 2025

Everyone talks about APAC, but don't overlook the US, Canada and Mexico when it comes to global cosmetic market growth. According to ResearchandMarkets, North America will be the fastest growing market for cosmetic chemicals through 2025.

 
The global cosmetic chemicals market is anticipated to reach $27.73 billion in 2025, witnessing growth at a CAGR of 5.80% for the period spanning 2021-2025. The growth of the market has been driven by a growing consumer base, rising disposable income, upswing in cosmetics manufacturing, expanding urbanization, rapid adoption of cosmetic products among millennials and mounting retail e-commerce sales. 

However, the research company notes that market growth could be challenged by escalating trend of using organic cosmetic products, increasing consumer awareness and rising cases of allergies. Some of the noteworthy trends of the market include rising trend of male grooming, increasing demand for skin care and anti-aging cosmetics, surging usage of fragrance in products and continuous R&D activities.

The global cosmetic chemicals market is categorized on the basis of product type and consumption. According to the product type, the global cosmetic chemicals market can be categorized into emollients and moisturizers, surfactants, single use additives, colorants and pigments, thickening agents and others.

The fastest growing regional market is North America owing to increasing expenditure on personal care and grooming activities in the region, surging developments in cosmetic industry leading to increasing demand for cosmetic chemicals, growing consciousness about physical appearance, changing lifestyle and rising working female population in the region.

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