Personal Care Ingredients Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the personal care ingredients market and it is expected to grow by $ 2.04 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Personal Care Ingredients Market: Key Trends to impact market growth
The Introduction of multifunctional products is one of the key personal care ingredients market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Personal Care Ingredients Market: Top Drivers to Boost Demand
The Rising popularity of skin care cosmeceuticals is one of the primary factors driving the growth of the personal care ingredients market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Akzo Nobel NV, Ashland Global Holdings Inc. and BASF SE are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akzo Nobel NV, Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Croda International Plc, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Koninklijke DSM NV, and Solvay SA are some of the major market participants.
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Personal Care Ingredients Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the Global Personal Care Ingredients Market and it is expected to grow by USD 2.04 billion progressing at a CAGR of over 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
APAC: China and Japan to Drive the Market Growth
APAC will offer several growth opportunities to market vendors during the forecast period. 44% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for personal care ingredients in APAC. Factors such as the rising popularity of skincare cosmeceuticals, increased awareness of sun care products, and the introduction of multifunctional products will offer immense growth opportunities. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the personal care ingredients market size.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Personal Care Ingredients Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akzo Nobel NV, Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Croda International Plc, Dow Inc., Eastman Chemical Co., Evonik Industries AG, Koninklijke DSM NV, and Solvay SAare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Personal Care Ingredients Market: Key Highlights of the Report for 2020-2024
