DUBLIN, March 7, 2022 /PRNewswire/ — The report “Bio-Based Cosmetic and Personal Care Ingredients Market – A Global and Regional Analysis: Application Focus, Active Ingredients and Country Analysis – Analysis and Forecast, 2021-2031” has been released. added to from ResearchAndMarkets.com offer.
The global market for bio-based cosmetics and personal care ingredients has been estimated at $4,679.33 million in 2021 and is expected to reach $8,122.74 million by 2031, growing at a CAGR of 5.67% during the forecast period 2021-2031.
Bio-based cosmetics and personal care ingredients
Ingredients from genetically modified plants and micro-organisms, such as yeasts and bacteria, are biobased. Bio-based ingredients consist of oleoresin, essential oils, and several other plant extracts using various techniques such as cold pressing or compression, steam distillation, and solvent extraction.
Consumer demand for natural and bio-based products derived from plant extracts has driven the rapid growth of the bio-based cosmetics and personal care ingredients market. The main driver for the increasing adoption of bio-based ingredients for cosmetic products is the harmful effects of chemicals.
This has further led consumers to show an inclination towards products containing bio-based ingredients. As a result, cosmetic companies are consequently replacing synthetic chemicals with bio-based ingredients. Bio-based cosmetics offer a sustainable alternative to petroleum-based products and help reduce the amount of carbon dioxide in the atmosphere.
Bio-Based Cosmetics and Personal Care Ingredients Market by Application
The skin care and sun care segment is expected to dominate the global bio-based cosmetics and personal care ingredients market during the forecast period 2021-2031. The global adoption of bio-based ingredients for cosmetic skin and sun care products has been maximum due to the growing demand for clean label beauty products and growing consumer health consciousness.
Bio-Based Cosmetics and Personal Care Ingredients Market by Active Ingredients
The vitamins and derivatives segment is expected to lead the global bio-based cosmetics and personal care ingredients market during the forecast period 2021-2031. Changing lifestyles and widespread awareness related to the improvement in the overall personality of consumers are expected to drive the global vitamins and derivatives market.
Bio-Based Cosmetics and Personal Care Ingredients Market by Region
North America and Europe hold significant shares in the global bio-based cosmetics and personal care ingredients market. North America is currently the largest revenue-generating region in the bio-based cosmetics and personal care ingredients market. The United States is the leading country in the market for bio-based cosmetics and personal care ingredients in the North America Region.
Europe is the second largest market in the world, mainly due to the increasing effects of pollution, such as the risk of skin cancer, premature skin aging, dryness, roughness and discoloration, which lead consumers to protect their skin using chemical-free products.
Asia Pacific is currently the fastest growing region in the market for bio-based cosmetics and personal care ingredients.
Recent developments in the bio-based cosmetics and personal care ingredients market
- In May 2021BASF SE and Allied Carbon Solutions Co., Ltd. signed an agreement to expand market capacity for bio-based surfactants and active ingredients.
- In October 2021Ashland has launched a new line of gentle deodorants under the Sensidin brand name, a multifunctional pure for the skin that delivers powerful and fast-acting efficacy against odor-causing bacteria at very low use concentrations while respecting the individual microbiome.
- In October 2021Evonik Industries AG has acquired Swiss herbal extract producer Botanica to enhance its entire product portfolio in the active cosmetic ingredients market.
- In December 2021Elementis Plc has signed a new distribution agreement with DKSH Partner to supply personal care products in Belgiumincluding antiperspirant active ingredients.
Main topics covered:
1.1 Industry Outlook
1.1.1 Trends: current and future
1.1.2 Supply chain network
1.1.3 Industry attractiveness
1.2 Market Dynamics
1.2.1 Market Drivers
126.96.36.199 Increase awareness of the harmful effects of synthetic chemicals
188.8.131.52 Government regulations restricting the use of harmful/synthetic ingredients in cosmetics and personal care products
184.108.40.206 Influence of advertising strategies on consumer confidence
1.2.2 Market restriction
220.127.116.11 High cost of bio-based cosmetic products
18.104.22.168 Concerns about the efficacy of bio-based products as opposed to synthetic cosmetics
1.2.3 Market opportunity
22.214.171.124 Strong demand for bio-based ingredients offering opportunities to potential suppliers in developing countries
126.96.36.199 Increasing Traction of Male Specific Products
1.2.4 Business strategies
188.8.131.52 Product developments
184.108.40.206 Market evolution
1.2.5 Business Strategies
1.2.6 Impact of COVID-19 on the global bio-based cosmetics and personal care ingredients market
2.1 Global Bio-based Cosmetics and Personal Care Ingredients Market (by Application and Specification)
2.1.1 Skin and Sunscreen
2.1.2 Hair care
2.1.3 Makeup and color cosmetics
2.2 Global Bio-based Cosmetics and Personal Care Ingredients Market Demand Analysis (by Application), Value and Volume Data
3.1 Global Bio-based Cosmetics and Personal Care Ingredients Market (by Active Ingredients)
3.1.1 Vitamins and derivatives
3.1.5 Potassium sorbate
3.1.6 Bio-succinic acid
3.1.7 Hyaluronic acid
3.1.10 Alpha hydroxy acids
3.2 Global Bio-based Cosmetic and Personal Care Ingredients Market Demand Analysis (by Active Ingredients), Value and Volume Data
3.3 Patent Analysis
3.3.1 Patent analysis (by status)
3.3.2 Patent Analysis (by Organization)
3.4 Global Leading Companies Market Share Analysis vs. Startups, 2020
3.5 Analysis of raw material sources
3.6 Import-export analysis
3.7 Government regulations and standards
3.7.1 Integrating sustainability
3.7.2 Ethical Sourcing
3.7.3 Ethics certification
220.127.116.11 Natural and biobased standards
4.1 North America
18.104.22.168 Major Manufacturers and Suppliers in North America
22.214.171.124 Commercial factors
126.96.36.199 Business challenges
188.8.131.52 North America Bio-based Cosmetic and Personal Care Ingredients Market (by Region), Value and Volume Data
184.108.40.206 North America Bio-based Cosmetics and Personal Care Ingredients Market (by Application), Value and Volume Data
220.127.116.11 North America Bio-based Cosmetics and Personal Care Ingredients Market (by Active Ingredients), Value and Volume Data
4.1.5 North America (by country)
4.3 United Kingdom
4.5 Asia Pacific and Japan
4.6 Rest of the world
5 Markets – Competitive Benchmarking and Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Market Share Analysis
5.1.3 Product Matrix for Top 15 Companies
5.2 Company Profiles
- BASF SE
- Covestro S.A.
- Dynamic mixing specialists
- Croda International Plc
- Evonik Industries AG
- Elementis SA
- Corbion S.A.
- Alternative Plants Ltd.
- The company Lubrizol
For more information about this report visit https://www.researchandmarkets.com/r/ifefrw
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