Comparing 20 vendors in Personal Care Ingredients Market across 41 criteria.
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POWERED BY MARKETSANDMARKETS
Jun 04, 2023
360 Quadrants produces a list of “Top 20 Personal Care Ingredients Companies, Worldwide 2023”, in partnership with MarketsandMarkets. The report recognizes the standouts in the polyurethane market ranging from mid-sized enterprises to Fortune 500 companies existing in the market. The Personal Care Ingredients vendors evaluation was conducted over 200 companies of which the top 20 companies were categorized and recognized as the new economic quadrant leaders.
Key Highlights included in 360 Quadrants:
- The personal care ingredients market is highly competitive. The market size was estimated at USD 11,796.0 million in 2022 and is projected to reach USD 14, 897.0 million by 2027, at a CAGR of 4.0% between 2022 and 2027. This growth is attributed to changing lifestyle trends and the increasing purchasing power of people in emerging economies.
- Europe accounted for the largest share of 32% in the personal care ingredients market in 2022. This is due to the high price of personal care ingredients in Europe along with the higher disposable income of consumers and demand for premium cosmetic products. The Middle East and Africa region is estimated to register growth from 2022 to 2027.
- BASF SE (Ludwigshafen, Germany), Ashland Inc. (Wishareon, USA), Solvay (Brussels, Belgium), The Dow Chemical Company (Midland, USA), and Clariant (Muttenz, Switzerland), are the key players of the market, accounting for nearly 30% shares of the personal care ingredients market. Collectively, the top 10 personal care ingredients companies generated a revenue of nearly USD 2,61,451.00 million, where BASF accounted for the highest revenue of nearly 95,063.00, followed by Dow ~USD 54,968.00 million. It was also observed that most of the personal care ingredients companies are from the European region followed by North America and Asia Pacific.
- Based on the ingredients type, the emollient segment accounted for the largest share in 2022 in terms of value and is expected to retain its position due to its wide applicability found in various applications.
- In terms of applications, the skin care applications segment accounted for a share of 34%, thereby dominating the personal care ingredients market. This growth is majorly driven by countries like South Korea, Japan, and the UK, where the desire to get younger skin among the youth and aging population is increasing the demand. The hair care market is also expected to grow in the near future due to innovative developments taking place in the domain.
- The key market players are adopting different strategies such as expansions, new product launches, and partnerships. In February 2023, Dow presented its DEXCARE CD-1 Polymer, its new bio-derived deposition aid to boost shampoo’s conditioning effectiveness. Another company, BASF partnered with Ingredi, a China-based supplier of natural actives and solutions for the personal care industry in August 2022. It also included a strategic equity investment in Ingredi by BASF. Through this, BASF plans to jointly work with Ingredi to identify new solutions and commercialize these to the global personal care market and build an ecosystem of partners to strengthen its business.
The Full List
The Full List
| Logo | Company | Headquarters | Year Founded | Holding Type |
|---|---|---|---|---|
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Adeka | Tokyo, Japan | 1917 | Public |
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Ashland | Wilmington, USA | 1924 | Public |
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BASF | Ludwigshafen, Germany | 1865 | Public |
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Clariant | Muttenz, Switzerland | 1995 | Public |
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Corbion | Amsterdam, Netherlands | 1919 | Public |
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Croda | Snaith, UK | 1925 | Public |
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DSM | Heerlen, Netherlands | 1902 | Public |
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Dow | Midland, USA | 2018 | Public |
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Eastman | Kingsport, USA | 1920 | Public |
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Evonik | Essen, Germany | 2007 | Public |
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Givaudan | Vernier, Switzerland | 1895 | Public |
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Indorama | Bangkok, Thailand | 1994 | Public |
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Innospec | Littleton, USA | 1938 | Public |
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Kao | Tokyo, Japan | 1887 | Public |
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Lubrizol | Wickliffe, USA | 1928 | Private |
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Merck | Darmstadt, Germany | 1668 | Public |
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Nouryon | Amsterdam, Netherlands | 2018 | Private |
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Seppic | Courbevoie, France | 1943 | Private |
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Solvay | Brussels, Belgium | 1863 | Public |
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Symrise | Holzminden, Germany | 2003 | Public |
Frequently Asked Questions (FAQs)
Personal care ingredients are substances that are used to make cosmetics, skin care products, hair care products, and oral care products. Some of these ingredients are water, emollients, humectants, preservatives, fragrances, colors, thickeners, surfactants, and others. Personal care ingredients can do many things, like make products more moisturizing, clean, and long-lasting, as well as improve their texture, smell, and look. It's important to remember that some ingredients in personal care products may be bad for your health or the environment, so it's important to read labels and do research before buying personal care products.
Water, emollients, humectants, preservatives, fragrances, colours, thickeners, and surfactants are all common ingredients in personal care products. Water is often used as a base and solvent, and emollients like oils and butters help to keep the skin moist and soft. Humectants like glycerin and hyaluronic acid help to attract and hold on to water. Harmful bacteria and microorganisms can't grow when you use parabens and phenoxyethanol as preservatives. Fragrances and colours are often added to make products smell and look better, and thickeners like gums and clays can make the texture of a product more solid. Surfactants like sodium lauryl sulphate and coco-glucoside make foam and clean. Depending on the type of product and what it's meant to do, the ingredients used can be different.
Personal care products have different qualities, such as texture, smell, colour, pH, ability to moisturise, ability to clean, stability, and compatibility with skin. Texture is how the product looks and feels, and fragrance is the smell that comes from natural or man-made sources. The colour of a product is called its hue, and it can be made with natural or man-made dyes. pH is a measure of how acidic or alkaline a product is, which affects how well it works and how well it works with your skin. The ability of a product to hydrate and calm the skin is called its moisturising ability. The ability of a product to remove dirt, oil, and other impurities is called its cleansing ability. Stability is the ability of a product to keep its qualities over time. Skin compatibility is how well the skin can handle the product without having a bad reaction.
Many components used in personal care products are regarded as safe when used as instructed, however some may irritate some people or trigger allergies in others. Regulatory organisations like the US Food and Drug Administration (FDA) and the European Union's Scientific Committee on Consumer Safety assess the safety of substances used in personal care products (SCCS). To evaluate the safety of substances used in personal care products, these organisations examine data from scientific studies. But it's crucial to remember that everyone has a distinct skin type and body chemistry, so what is safe for one person might not be safe for another.
Before they may be used in personal care products, substances must pass a number of safety tests. In vitro (test tube) research, animal studies, and human clinical trials are frequently used in these examinations. Whereas animal studies examine the ingredient's effects on entire organisms, in vitro studies test the ingredient's potential toxicity at the cellular level. Clinical trials on humans examine an ingredient's safety and effectiveness on volunteers in carefully monitored environments. In order to evaluate if an ingredient is safe for use in personal care products, regulatory organisations like the US Food and Drug Administration (FDA) and the European Union's Scientific Committee on Consumer Safety (SCCS) examine the data from these research.
There is no clear answer to the question of whether natural or synthetic ingredients are better for personal care products. In the end, it depends on the person and the ingredient in question. Most people think that natural ingredients are safer and better for the environment because they come from plants or minerals and aren't changed much. But some people can still have allergic reactions or skin irritations from natural ingredients, and natural ingredients may not always be as effective or stable as their synthetic counterparts. Synthetic ingredients, on the other hand, can be better because they are more stable, work better, and last longer. In the end, the choice between natural and synthetic ingredients in personal care products is a personal one. If people have questions, they should do their own research and talk to a healthcare professional.
Yes, some ingredients in personal care products can get into the skin. This depends on how big their molecules are and what else they have. The skin protects the body from outside threats by acting as a barrier, but it can also take in some things. This is why some topical medicines, like transdermal patches, are able to get drugs into the bloodstream through the skin. Ingredients in personal care products can also get into the skin in different ways, which is why some people may have allergic reactions or other problems after using certain products. But not all ingredients in personal care products can get into the skin, and how much they do depends on a number of things.
Getting ingredients for personal care products, making them, using them, and throwing them away all have different effects on the environment. For example, making natural ingredients can cause trees to be cut down, habitats to be destroyed, and water to become polluted. On the other hand, making synthetic ingredients, which are often made from petrochemicals, can cause greenhouse gas emissions and other types of pollution. Personal care products can also hurt the environment when they are thrown away, especially if they contain ingredients that stick around or build up in the environment. Also, using microbeads and some preservatives in personal care products has been linked to bad effects on aquatic ecosystems and wildlife. To lessen these effects, some companies are getting their products from more sustainable sources and using packaging materials that are better for the environment.
There are many products for personal care, but here are some of the most common:
1. Soap and body wash clean the skin and get rid of oil and dirt.
2. Shampoo and conditioner are used to clean and condition the hair.
3. Deodorant and antiperspirant are used to keep smells and sweat under control.
4. Toothpaste and mouthwash are used to keep the mouth clean and fresh.
5. Sunscreen is used to protect the skin from UV rays, which can cause damage.
6. Moisturizer is used to keep the skin hydrated and healthy.
7. Makeup is anything that is used to improve the look of the face or body, like foundation, lipstick, and mascara.
Personal care products have a lot of different ingredients, but some of the most common ones are:
1. Water is used in many products as a solvent and to thin things out.
2. Emollients are things like oils, butters, and silicones that make the skin soft and smooth.
3. Surfactants are things like sodium lauryl sulphate that are used to make foam and clean the skin or hair.
4. Preservatives are things like parabens and phenoxyethanol that are added to products to stop the growth of bacteria and fungi.
5. Thickeners, like carbomers and gums, are used to give products a better feel.
6. Fragrances are added to products to make them smell nice, but some people may have allergic reactions to them.
7. Colorants are used to give things color, like dyes and pigments.
It's important to remember that the ingredients in personal care products can vary a lot depending on the product and brand, and not all of the ingredients listed above will be in every product.
Research Methodology
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