The Global Cosmetic Emollient Market Size is valued at 570.17 million in 2022 and is predicted to reach 895.49 million by the year 2031 at a 5.25% CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- The increasing demand for multi-functional ingredients and awareness of organic products is driving the cosmetic emollient market.
- Manufacturers are investing more in research and development to innovate and enhance skincare ingredients, which is contributing to cosmetic emollient market growth.
- North America dominated the market and accounted for a global revenue share in 2023.
- A challenge for the Cosmetic Emollient Market could be the high cost associated with natural or organic emollients used in cosmetic formulations.
Emollients are ingredients in skin care products that help to relieve dryness or irritation. Emollients are widely prescribed by doctors for skin diseases that cause dryness or scaling, such as psoriasis and eczema. A chemical that softens, soothes, and increases moisture levels, particularly in the skin. The industry is being pushed by rising consumer awareness of personal care products. Furthermore, consumer awareness of the harmful effects of chemicals present in skincare, cosmetics, and hair care products has led to a shift towards naturally derived product ingredients, such as animal and plant-derived emollients that are free of chemical modifications, fueling the market growth. Furthermore, online distribution channels and E-commerce are expected to improve personal care product distribution during the anticipated period.
However, with the initial rise of the COVID-19 pandemic, the government was forced to impose rigorous lockdowns all over the globe, resulting in the entire stoppage of operations in cosmetics and other industries. Emollient demand declined because producers could not continue operations due to disruptions and limits on outdoor mobility.
Competitive Landscape:
Some Of The Cosmetic Emollient Market Players Are:
- Croda International Plc
- Berg-Schmidt GmbH & Co. KG
- Evonik Industries AG
- Hallstar
- Lubrizol Life Science Beauty
- Biosynthetic Technologies
- BASF SE
- SEPPIC
- Sasol Chemicals
- Stephenson Group
Market Segmentation:
The Cosmetic Emollient Market is segmented on the basis of application, type, and distribution channel. Product segment includes foundation creams, face creams & moisturizers, body creams & lotions, sunscreens, and others. The type segment includes synthetic and natural. By application, the market is segmented into offline and online.
Based On Application, The Online Segment Is Accounted As A Major Contributor In The Cosmetic Emollient Market.
The online category is expected to hold a major share of the global cosmetic emollient market in 2022. This expansion can be linked to rising demand for green-labeled beauty goods and increased customer willingness to pay higher costs. Furthermore, natural emollients such as cocoa butter, jojoba oil, shea butter, waxes, and lanolins help protect the skin from moisture loss while maintaining softness.
The Face Creams & Moisturizers Segment Is Projected To Grow Rapidly In The Global Cosmetic Emollient Market.
The growing availability of specialized face creams is attributable to this development. Additionally, the increasing popularity of personal care goods such as skin moisturizers and body lotions is contributing to the segment's market expansion. Furthermore, due to the fast-developing cosmetics business, the body creams and lotions segment will most certainly dominate the market. Again, rising demand for body lotions and creams and rising product discoveries and innovations by foot care body product producers are aiding market expansion.
In The Region, The North America Cosmetic Emollient Market Holds A Significant Revenue Share.
The North America Cosmetic Emollient Market is expected to report the highest market share in terms of revenue in the near future. Due to consumers quickly changing lifestyles and growing awareness of beauty and well-being, North America dominates the cosmetic emollient market.
Consumers' fast-changing lifestyles and increasing awareness about beauty and well-being are also aiding market expansion in this region. On the other hand, increased consumer expenditure on skin care cosmeceuticals and anti-aging products boosts market growth in this region. Due to increased consumption in emerging countries such as India, China, and Australia, Asia Pacific is predicted to grow the quickest throughout the projection period. Furthermore, the presence of significant cosmetic and chemical manufacturing businesses and rising disposable income is helping to promote market expansion in this region.
Recent Developments:
- In Oct 2023, BASF made a financial investment in the manufacturing of emollient speciality at its Düsseldorf facility, specifically for the creation of skin and sun protection goods. The implementation of a new reactor and the enhancement of distillation equipment facilitated an increase in production capacity to satisfy the escalating demand for these specialized products.
Cosmetic Emollient Market Report Scope
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 570.17 Mn |
|
Revenue forecast in 2031 |
USD 895.49 Mn |
|
Growth rate CAGR |
CAGR of 5.25 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Application, Type, And Distribution Channel |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Croda International Plc, Berg-Schmidt GmbH & Co. KG, Evonik Industries AG, Hallstar, Lubrizol Life Science Beauty, Biosynthetic Technologies, BASF SE, SEPPIC, Sasol Chemicals, and Stephenson Group. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
