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According to a new report available from Million Insights, the Global Beauty and Personal Care Surfactants Industry research report offers in-depth information on the product, application, and impact of COVID-19. This allows market players many opportunities to invest in research and development.
The Global Beauty and Personal Care Surfactants Market The size is expected to reach $ 11.6 billion by 2025 and is expected to grow at a CAGR of 5.79% from 2019 to 2025, according to a new report from Million Insights. Growing consumer awareness of hair and skin care products is expected to increase demand for the product in the coming years. In addition, the growing purchasing power of customers in developing regions is also driving the growth of the market.
The increasing applications of surfactants in the beauty and personal care industry due to its benefits are expected to strengthen the demand for the products. In addition, rising income levels, especially the middle class group, encourage customers to focus on high quality skin and hair care products.
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In addition, the growing demand for anti-aging and beauty care products is also contributing to the growth of the market. For example, in 2018 BASF launched new products with the addition of natural and organic ingredients. Besides, the growing trend of e-commerce platforms is expected to provide plenty of growth opportunities for the market.
The product is in high demand in North America due to the growing awareness of personal care products in the region. In addition, the growing demand for skin and hair care solutions in Asia Pacific is also attributable to the growth of the market. The Asia-Pacific skin care market is expected to exceed a CAGR of over 6.4% and is expected to reach USD 90.1 billion by 2025.
Some of the major players in the beauty and personal care surfactants market are BASF, Kao Corporation, Akzo Nobel, Clariant, Stepan Company, Croda International, and Evonik Industries. The major players aim to focus on strategies such as new product launch, acquisitions, business expansion to increase their market reach across the world.
To browse the report summary and detailed table of contents, please click on the link below:
Other key findings from the report suggest:
• Depending on the product, the amphoteric segment is expected to grow at a CAGR of approximately 8.77% from 2019 to 2025.
• Based on application, skin care segment attributed to above 54.0% market share in 2018.
• In 2018, Asia-Pacific attributed a market share of over 37.0% to the overall market.
• Rising income levels, especially in developing countries, is expected to drive market growth.
• The market is highly competitive in nature due to the presence of companies such as Kao Corporation, BASF, Stepan Company, Clariant and others.
Million Insights has segmented the global beauty and personal care surfactants market on the basis of product, application, and region:
Beauty and Personal Care Surfactant Product Outlook (Revenue, $ Billion, 2015 – 2025)
Beauty and Personal Care Surfactants Application Outlook (Revenue, USD Billion, 2015 – 2025)
• Skin care
• Hair care
Regional Outlook for Beauty and Personal Care Surfactants (Revenue, USD Billion, 2015 – 2025)
• North America
• Asia Pacific
• Central and South America
• Middle East and Africa
• South Africa
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