Functional Cosmetics Market

Functional Cosmetics Market by Functionality (Conditioning Agents, UV Filters, Anti-Aging Agents, Skin Lightening Agents), Application (Skin Care, and Hair Care), and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2026

Report Code: CH 8026 Jan, 2022, by marketsandmarkets.com

[197 Pages Report] The functional cosmetics market size is estimated to be USD 3.2 billion in 2021 and is expected to reach USD 4.1 billion by 2026, at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for multifunctional ingredients,  and accelerating demand for anti-aging, skin whitening, and sun protection products are major driving factors. Shifting focus towards male-specific cosmetics is the major growth opportunity for the market. Europe is the key market for functional cosmetics, globally, in terms of value. It is also the fastest-growing region in the functional cosmetics market.  Whereas Asia Pacific is the second-largest market for functional cosmetics, globally, in terms of value, followed by North America.

Functional Cosmetics Market

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Impact of COVID-19 on Functional Cosmetics  Market

The global pandemic has affected almost every sector in the world. The functional cosmetics market has shown negative growth as it was affected due to disruptions in the global supply chain and fall in the oil prices. This situation arise due to fall in demand from the cosmetics industry. Europe is the largest region in terms of value for the functional cosmetics market.

In Asia Pacific, a  reduction in cosmetics was seen from South Asia constituting countries, such as India, Bangladesh, Sri Lanka, and Central Asian countries. This lowered the demand for functional cosmetics in the region. China holds a major market share in the functional cosmetics market in the Asia Pacific region but was severely affected by the pandemic initially. Millions of people were quarantined, thus putting a pause on all supply chains dependent on China. The travel bans and lockdown imposed in most of the major cities in China had reduced the production of oil in the country. It has also affected the workforce community without which, many ports, such as Shenzhen and Shanghai, are closed for operations. However, the country has shown signs of recovery after the lockdown of three months. Most of the businesses have reopened, which is expected to generate the demand for functional cosmetics.

Market Dynamics

Driver: Increasing demand for multifunctional ingredients

Functional cosmetics are specialty chemicals, which are applied into cosmetic skincare products to improve their functional properties. These include ingredients such as anti-aging agents, exfoliators, conditioning agents, UV agents, among others. Functional cosmetics are used in various skin and hair care products such as facial and body creams, lotions, masks, shampoos, dyes and other formulations to increase the final value of the products.

There is a push towards sustainability and reduction of compounds used in any cosmetic formulation. The demand for improved functionality and multiple benefits from a single product is highly increasing. For instance, BB (Blemish Balm) cream which is promoted as a multifunctional product claims to treat various skin-related problems like anti-ageing, skin brightening and sun protection etc. From BB, CC and DD creams to post-shave moisturizers with sun protection UVA and UVB rays, there is an increasing demand for products that target two or more concerns at the same time. Consumers are keen to go for skincare products with sun protection features, as they are aware about the harmful effects of UV radiations.

The demand for functional cosmetics is expected to rise due to rising demand for such products. In regions like Europe, Middle East & Africa and Asia-Pacific, people are looking forward to gaining multiple benefits from a single product/ingredient. Also, the number of people using fairness and whitening products is continuously growing which is eventually leading to the growth of these multifunctional products.

Restraints: High cost of organic products

There are several side effects associated with the use of synthetic ingredients in cosmetic formulations. One such example is the use of hydroquinone and mercury. Hydroquinone is marketed extensively for use in skin lightening and is used in concentrations of up to two percent. This product has a bad effect on health as it causes skin cancer, organ system toxicity and respiratory tract irritation. Whereas mercury as a functional cosmetic reduces dark spots and lightens the skin tone, but it can damage the kidneys, liver and brain.

Natural/organic products have put the spotlight on risks associated with the use of conventional synthetic cosmetics. In order to curb the issues associated with synthetic products which are harsh to skin, there is a shift towards the use of natural alternatives. Alternatives such as, the incorporation of natural or organic compounds in the cosmetic formulations is gaining momentum. Manufacturers are shifting their focus towards products which do not pose any concern towards health and are mild and gentle to feel. However, the major concern remains in the term of cost, as organic cosmetics possess higher raw material or feedstock cost and can only cater to the demand of premium products range. This makes it difficult for manufacturers to allocate proper resources for the Research & development activities. Hence, the high cost of organic raw materials and their further overhead costs restrain the growth of functional cosmetics market.

Opportunities: Shifting focus towards male specific cosmetics

It is a general belief that appearance and presentation matters. People are more inclined to use products which makes them look good. There is a huge demand of male specific cosmetics ranging from moisturizers to anti-agers to mud masks. There are numerous problems faced by the younger males in general related to oily skin, acne prone, hair fall, and wrinkles, among others. All these problems can be cured with the awareness and use of proper cosmetics. The ingredient manufacturing companies, thus, have a lucrative opportunity to come up with products specifically targeting the men’s segment.

Conditioning agent  is estimated to be the largest functionality  in the  functional cosmetics  market between 2021 and 2026.

The conditioning agents for skin can influence the homeostatic process of repair and growth by augmenting the skin’s renewal mechanism. The conditioning agents used in hair have fairly no effect on growth and neither can help in the cellular repair. These agents can help in temporarily improving the cosmetic appearance of damaged hair which further needs to be reapplied as the removal occurs. The market for this segment is driven by the increasing population and rising per capita spending on cosmetics in Asia-Pacific and the Europe. However, the market for conditioning agent in North America is projected to register relatively low growth due to the increasing government regulations in the region.

Skincare  was the largest application for functional cosmetics market in 2020

The functional cosmetics used in skin care application basically caters to problems such as protection from harmful sun rays, wrinkles, blemishes, acnes, aging, and frown lines, among others. The skin care products are widely in demand all across the world due to common need of humans to look good. The essence of a bright and glowing skin is a major thriving factor for the growing demand of beauty and skin care products. An increase in male-specific cosmetic products and growing population in the Asia-Pacific region is expected to boost the demand of skin care cosmetic products, thereby increasing the demand of functional cosmetics used in these products.

Europe  is estimated to be the largest region in the functional cosmetics market in 2020.

Europe was the largest market for functional cosmetics in 2020, in terms of value. It is projected to witness relatively slower growth when compared to Asia Pacific and Middle East & Africa. The manufacturing and consumption of functional cosmetics is on the rise in Europe, and this is expected to continue during the forecast period. However, in terms of value, Europe was the largest market in 2020, and its dominance is expected to continue during the forecast period. This is owed to the higher price of functional cosmetics in Europe. Moreover, the inclination toward natural & organic personal care and easily biodegradable products is another factor that has led to its higher market size in terms of value (these natural functionalities are to be imported from countries of Asia Pacific as they are found in abundance in countries such as Indonesia and Malaysia).

Functional Cosmetics Market by Region

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Asia Pacific is estimated to be the second-largest functional cosmetics market during the forecast period.

Asia Pacific was the second-largest market for functional cosmetics, in terms of value, in 2020. Asia Pacific offers wide development opportunities for different set of industries. Increasing population and their demands accompanied with initiatives for new technologies and products are projected to make this region an ideal destination for the functional cosmetics market to grow. Improved lifestyle, increasing cost of living, with increasing population are helping industries such as personal care, soaps & detergents, and pharmaceuticals to flourish in developing regions, and thereby help the functional cosmetics industry to grow. However, setting up new plants, implementing technologies, creating a value-supply chain between raw material providers and manufacturing industries in the developing regions of Asia Pacific would be a challenge for the industry players. Also, current environmental laws and regulations are not as strict as they are observed in western developed countries. Hence, it would be a challenge for governments and national agencies to modify and implement environmental laws in these regions.

Functional Cosmetics Market by Region

Key Market Players

The key market players profiled in the report include Ashland Inc. (US), Stepan Company (US), BASF SE (Germany), Nouryon (Netherlands), Clariant AG (Germany), Evonik Industries AG (Germany), Gattefosse (France), Lucas Meyer Cosmetics (Canada), Sederma(France), Seppic SA (France), CP Kelco (US), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Givaudan SA (Switzerland), Symrise AG (Germany), Sonneborn LLC (US), Vantage Specialty Chemicals  (US), United-Guardian, Inc. (US), Innospec Inc. (US), KAO Corporation (Japan), Momentive Performance Materials Inc. (US), ADEKA Corporation (Japan), DuPont (US), and Koninklijke DSM N.V. (Netherlands).

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Scope of the Report

Report Metric

Details

Years considered for the study 2016-2026
Base Year 2021
Forecast period 2021–2026
Units considered Value (USD Million)
Segments Functionality, Application, and Region
Regions Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies Ashland Inc. (US), Stepan Company (US), BASF SE (Germany), Nouryon (Netherlands), Clariant AG (Germany), Evonik Industries AG (Germany), Gattefosse (France), Lucas Meyer Cosmetics (Canada), Sederma(France), Seppic SA (France), CP Kelco (US), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Givaudan SA (Switzerland), Symrise AG (Germany), Sonneborn LLC (US), Vantage Specialty Chemicals  (US), United-Guardian, Inc. (US), Innospec Inc. (US), KAO Corporation (Japan), Momentive Performance Materials Inc. (US), ADEKA Corporation (Japan), DuPont (US), and Koninklijke DSM N.V. (Netherlands)

This report categorizes the global functional cosmetics market based on functionality, application, and region.

On the basis of functionality, the functional cosmetics market has been segmented as follows:

  • Conditioning agents
  •  UV filters
  •  Anti-aging agents
  • Skin lightening agents
  •  Others

On the basis of application, the functional cosmetics market has been segmented as follows:

  • Skin Care
  • Hair Care

On the basis of region, the functional cosmetics market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In April 2020, Nouryon introduced a natural polymer for sunscreen formulation. SolAmaze Natural is compatible with organic and synthetic sunscreen formulations. The product is bio-based and biodegradable.
  • In August 2020, BASF SE launched a naturally derived and biodegradable product, Lamesoft. It can be used for the stabilization of products in skin and hair cleansing formulas. It can be used to stabilize surfactant-based and wax-based opacifiers.
  • In August 2020, BASF SE also introduced a new production line at the Kaohsiung site in Taiwan to double the production of Uvinul A Plus, an ingredient used for UVA (UV longest wavelength) protection. It is used in various sun and skin formulations. The production line is introduced to meet the rising demand of consumers in the Asia Pacific market.
  • In August 2021, Clariant AG acquired the remaining 70% of Brazilian personal care specialty company Beraca and took over full control. This acquisition will strengthen its functional cosmetics business, assuming full operational ownership of Beraca's broad portfolio of natural ingredients.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 FUNCTIONAL COSMETICS MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 FUNCTIONAL COSMETICS: MARKET DEFINITION AND INCLUSIONS, BY FUNCTIONALITY
           1.2.3 FUNCTIONAL COSMETICS: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 FUNCTIONAL COSMETICS: MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
           FIGURE 1 FUNCTIONAL COSMETICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) REVENUE FROM PRODUCT
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): FUNCTIONALITY
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN
    2.3 DATA TRIANGULATION
           FIGURE 6 FUNCTIONAL COSMETICS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 FUNCTIONAL COSMETICS MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 9 CONDITIONING AGENTS TO BE LARGEST INGREDIENT IN FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
    FIGURE 10 SKIN CARE TO BE LARGEST AND FASTEST-GROWING APPLICATION OF FUNCTIONAL COSMETICS DURING FORECAST PERIOD
    FIGURE 11 EUROPE ACCOUNTED FOR LARGEST SHARE OF FUNCTIONAL COSMETICS MARKET

4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 SIGNIFICANT OPPORTUNITIES IN FUNCTIONAL COSMETICS MARKET
           FIGURE 12 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING FORECAST PERIOD
    4.2 FUNCTIONAL COSMETICS MARKET SIZE, BY REGION
           FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING REGION IN FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
    4.3 EUROPE: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY AND COUNTRY
           FIGURE 14 GERMANY ACCOUNTED FOR LARGEST SHARE IN EUROPE MARKET
    4.4 FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION AND REGION
           FIGURE 15 SKIN CARE TO DOMINATE FUNCTIONAL COSMETICS MARKET ACROSS REGIONS
    4.5 FUNCTIONAL COSMETICS MARKET: MAJOR COUNTRIES
           FIGURE 16 INDIA TO BE FASTEST-GROWING FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 DRIVERS, RESTRAINTS, AND OPPORTUNITIES IN FUNCTIONAL COSMETICS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for multifunctional ingredients
                    5.2.1.2 Accelerating demand for anti-aging, skin-whitening, and sun protection products
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of organic products
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Shifting focus toward male-specific cosmetics
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 18 FUNCTIONAL COSMETICS MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 2 FUNCTIONAL COSMETICS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 19 VALUE CHAIN OF FUNCTIONAL COSMETICS MARKET
           5.4.1 RAW MATERIALS
           5.4.2 INGREDIENT MANUFACTURING
           5.4.3 END USE PRODUCT
    5.5 PATENT ANALYSIS
           5.5.1 INTRODUCTION
           5.5.2 APPROACH
           5.5.3 DOCUMENT TYPE
                    TABLE 3 GRANTED PATENTS ACCOUNT FOR 24% OF ALL PATENTS BETWEEN 2010 AND 2020
                    FIGURE 20 PATENTS REGISTERED FOR FUNCTIONAL COSMETICS, 2010–2020
                    FIGURE 21 PATENT PUBLICATION TRENDS FOR FUNCTIONAL COSMETICS, 2010–2020
           5.5.4 INSIGHTS
           5.5.5 LEGAL STATUS OF PATENTS
                    FIGURE 22 LEGAL STATUS OF FUNCTIONAL COSMETICS PATENTS
           5.5.6 JURISDICTION ANALYSIS
                    FIGURE 23 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           5.5.7 TOP APPLICANTS
                    FIGURE 24 COREANA COSMETICS CO., LTD. REGISTERED HIGHEST NUMBER OF PATENTS BETWEEN 2010 AND 2020
                    TABLE 4 TOP 10 PATENT OWNERS IN US, 2010-2020
    5.6 MACROECONOMIC INDICATORS
           5.6.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 5 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2018–2026 (USD BILLION)
    5.7 COVID-19 IMPACT
           5.7.1 INTRODUCTION
    5.8 COVID-19 HEALTH ASSESSMENT
           FIGURE 25 COVID-19: GLOBAL PROPAGATION
           FIGURE 26 COVID-19 PROPAGATION: SELECT COUNTRIES
    5.9 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 27 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
           5.9.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 28 CRITERIA IMPACTING GLOBAL ECONOMY

6 FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY (Page No. - 70)
    6.1 INTRODUCTION
           FIGURE 29 CONDITIONING AGENTS TO DOMINATE FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
           TABLE 6 FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
           TABLE 7 FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
    6.2 CONDITIONING AGENTS
           6.2.1 NEED FOR IMPROVING COSMETIC APPEARANCE OF DAMAGED HAIR
                    FIGURE 30 EUROPE TO DRIVE DEMAND FOR CONDITIONING AGENTS DURING FORECAST PERIOD
                    TABLE 8 CONDITIONING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 9 CONDITIONING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.3 UV FILTERS
           6.3.1 INCREASING DEMAND FOR SUN PROTECTION COSMETICS TO DRIVE DEMAND FOR UV FILTER AGENTS
                    FIGURE 31 ASIA PACIFIC TO BE LARGEST MARKET FOR UV FILTERS IN FUNCTIONAL COSMETICS IN 2021
                    TABLE 10 UV FILTERS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 11 UV FILTERS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.4 ANTI-AGING AGENTS
           6.4.1 INCREASING DEMAND FOR SUN PROTECTION COSMETICS TO DRIVE DEMAND
                    FIGURE 32 EUROPE TO BE LARGEST FUNCTIONAL COSMETICS MARKET FOR ANTI-AGING AGENTS BETWEEN 2021 AND 2026
                    TABLE 12 ANTI-AGING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 13 ANTI-AGING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.5 SKIN-LIGHTENING AGENTS
           6.5.1 INCREASING DEMAND FOR FAIRNESS TO AUGMENT MARKET GROWTH
                    FIGURE 33 EUROPE TO BE LARGEST FUNCTIONAL COSMETICS MARKET FOR SKIN-LIGHTENING AGENTS BETWEEN 2021 AND 2026
                    TABLE 14 SKIN-LIGHTENING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 15 SKIN-LIGHTENING AGENTS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.6 OTHERS
           FIGURE 34 EUROPE TO BE LARGEST FUNCTIONAL COSMETICS MARKET FOR OTHER FUNCTIONALITIES BETWEEN 2021 AND 2026
           TABLE 16 OTHERS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 17 OTHERS: FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)

7 FUNCTIONAL COSMETICS MARKET, BY APPLICATION (Page No. - 83)
    7.1 INTRODUCTION
           FIGURE 35 SKIN CARE APPLICATION TO DOMINATE FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
           TABLE 18 FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 19 FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    7.2 SKIN CARE
           7.2.1 INCREASING AWARENESS ABOUT SKIN HEALTH TO DRIVE MARKET
                    FIGURE 36 CENTRAL & SOUTH AMERICA TO BE FASTEST-GROWING FUNCTIONAL COSMETICS MARKET FOR SKIN CARE APPLICATION DURING FORECAST PERIOD
                    TABLE 20 FUNCTIONAL COSMETICS MARKET SIZE IN SKIN CARE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 21 FUNCTIONAL COSMETICS MARKET SIZE IN SKIN CARE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
           7.2.2 BODY CARE
           7.2.3 FACE CARE
           7.2.4 SUN CARE
    7.3 HAIR CARE
           7.3.1 INCREASING HAIR-RELATED PROBLEMS TO DRIVE MARKET GROWTH
                    FIGURE 37 ASIA PACIFIC TO BE LARGEST FUNCTIONAL COSMETICS MARKET IN HAIR CARE APPLICATION IN 2021
                    TABLE 22 FUNCTIONAL COSMETICS MARKET SIZE IN HAIR CARE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 23 FUNCTIONAL COSMETICS MARKET SIZE IN HAIR CARE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
           7.3.2 SHAMPOOS
           7.3.3 DYES

8 FUNCTIONAL COSMETICS MARKET, BY REGION (Page No. - 89)
    8.1 INTRODUCTION
           FIGURE 38 ASIA PACIFIC TO BE FASTEST-GROWING FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
           TABLE 24 FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 25 FUNCTIONAL COSMETICS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    8.2 EUROPE
           FIGURE 39 EUROPE: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           8.2.1 EUROPE: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 26 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
                    TABLE 27 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
           8.2.2 EUROPE: FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 28 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 29 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.2.3 EUROPE FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 30 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 31 EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.2.3.1 Germany
                               8.2.3.1.1 Increasing awareness about low VOC and natural products to drive market
                                            TABLE 32 GERMANY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 33 GERMANY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.2 France
                               8.2.3.2.1 Presence of major cosmetics manufacturers to drive market
                                            TABLE 34 FRANCE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 35 FRANCE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.3 UK
                               8.2.3.3.1 Growing production of unique personal care products
                                            TABLE 36 UK: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 37 UK: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.4 Italy
                               8.2.3.4.1 Presence of leading personal care manufacturing companies to drive demand
                                            TABLE 38 ITALY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 39 ITALY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.5 Spain
                               8.2.3.5.1 Growth in production of personal care products to drive demand
                                            TABLE 40 SPAIN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 41 SPAIN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.6 Poland
                               8.2.3.6.1 Growing aging population driving demand for personal care products
                                            TABLE 42 POLAND: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 43 POLAND: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.7 Rest of Europe
                               TABLE 44 REST OF EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 45 REST OF EUROPE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.3 NORTH AMERICA
           FIGURE 40 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           8.3.1 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 46 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
                    TABLE 47 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
           8.3.2 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 48 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 49 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.3.3 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 50 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 51 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.3.3.1 US
                               8.3.3.1.1 Strong production base of personal care and cosmetic products
                                            TABLE 52 US: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 53 US: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.2 Canada
                               8.3.3.2.1 Construction and manufacturing sectors propelling market growth
                                            TABLE 54 CANADA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 55 CANADA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.3.4 MEXICO
                    8.3.4.1 Growing middle-class population to increase demand
                               TABLE 56 MEXICO: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 57 MEXICO: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.4 ASIA PACIFIC
           FIGURE 41 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           8.4.1 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 58 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
                    TABLE 59 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
           8.4.2 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 60 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 61 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.4.3 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 62 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 63 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.4.3.1 China
                               8.4.3.1.1 Growing production and demand for high-end personal care products
                                            TABLE 64 CHINA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 65 CHINA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.2 Japan
                               8.4.3.2.1 Aging baby boomers to drive demand
                                            TABLE 66 JAPAN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 67 JAPAN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.3 India
                               8.4.3.3.1 Increase in e-commerce and growing population to drive demand
                                            TABLE 68 INDIA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 69 INDIA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.4 South Korea
                               8.4.3.4.1 Presence of leading functional cosmetics manufacturers
                                            TABLE 70 SOUTH KOREA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 71 SOUTH KOREA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.5 Rest of Asia Pacific
                               TABLE 72 REST OF ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 73 REST OF ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA
           8.5.1 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 74 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
                    TABLE 75 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
           8.5.2 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 76 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 77 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.5.3 MIDDLE EAST & AFRICA FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 78 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 79 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.5.3.1 Turkey
                               8.5.3.1.1 Increasing disposable income of middle-class population to drive demand
                                            TABLE 80 TURKEY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 81 TURKEY: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.5.3.2 Iran
                               8.5.3.2.1 Rising demand for multi-benefit skin care supported by population growth
                                            TABLE 82 IRAN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 83 IRAN: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.5.3.3 Saudi Arabia
                               8.5.3.3.1 Prevalence of extremely high temperatures drives demand for skin care and hair care products
                                            TABLE 84 SAUDI ARABIA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 85 SAUDI ARABIA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.5.3.4 South Africa
                               8.5.3.4.1 Growing demand for skin care products to drive market
                                            TABLE 86 SOUTH AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 87 SOUTH AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.5.3.5 Rest of Middle East & Africa
                               TABLE 88 REST OF MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 89 REST OF MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.6 CENTRAL & SOUTH AMERICA
           8.6.1 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 90 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2016–2019 (USD MILLION)
                    TABLE 91 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY FUNCTIONALITY, 2020–2026 (USD MILLION)
           8.6.2 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 92 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 93 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.6.3 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 94 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 95 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.6.3.1 Brazil
                               8.6.3.1.1 Growing production and demand for natural and bio-degradable personal care products
                                            TABLE 96 BRAZIL: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 97 BRAZIL: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.6.3.2 Rest of Central & South America
                               TABLE 98 REST OF CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 99 REST OF CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 128)
    9.1 INTRODUCTION
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS
           FIGURE 42 OVERVIEW OF STRATEGIES ADOPTED BY FUNCTIONAL COSMETICS MANUFACTURERS
    9.3 MARKET SHARE ANALYSIS
           FIGURE 43 FUNCTIONAL COSMETICS MARKET SHARE, BY COMPANY (2020)
           9.3.1 BASF SE
           9.3.2 NOURYON
           9.3.3 EVONIK INDUSTRIES AG
           9.3.4 CLARIANT AG
           9.3.5 ASHLAND INC.
    9.4 COMPETITIVE SITUATION AND TRENDS
           9.4.1 PRODUCT LAUNCHES
                    TABLE 100 FUNCTIONAL COSMETICS: NEW PRODUCT LAUNCHES (2018 TO 2021)
           9.4.2 DEALS
                    TABLE 101 FUNCTIONAL COSMETICS MARKET: DEALS (2018 TO 2021)
           9.4.3 OTHER DEVELOPMENTS
                    TABLE 102 FUNCTIONAL COSMETICS MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2018 TO 2021)

10 COMPANY PROFILES (Page No. - 137)
     10.1 MAJOR PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
             10.1.1 NOURYON
                        FIGURE 44 NOURYON: COMPANY SNAPSHOT
             10.1.2 ASHLAND INC.
                        FIGURE 45 ASHLAND INC.: COMPANY SNAPSHOT
             10.1.3 BASF SE
                        FIGURE 46 BASF SE: COMPANY SNAPSHOT
             10.1.4 CLARIANT AG
                        FIGURE 47 CLARIANT AG: COMPANY SNAPSHOT
             10.1.5 EVONIK INDUSTRIES AG
                        FIGURE 48 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
             10.1.6 STEPAN COMPANY
                        FIGURE 49 STEPAN COMPANY: COMPANY SNAPSHOT
             10.1.7 GATTEFOSSE
             10.1.8 LUCAS MEYER COSMETICS
             10.1.9 SEDERMA
             10.1.10 SEPPIC SA
     10.2 STARTUP/SME PLAYERS
             10.2.1 CP KELCO
                        TABLE 103 CP KELCO: BUSINESS OVERVIEW
             10.2.2 EASTMAN CHEMICAL COMPANY
                        TABLE 104 EASTMAN CHEMICAL COMPANY: BUSINESS OVERVIEW
             10.2.3 EMERY OLEOCHEMICALS GROUP
                        TABLE 105 EMERY OLEOCHEMICALS GROUP: BUSINESS OVERVIEW
             10.2.4 GIVAUDAN SA
                        TABLE 106 GIVAUDAN SA: BUSINESS OVERVIEW
             10.2.5 SYMRISE AG
                        TABLE 107 SYMRISE AG: BUSINESS OVERVIEW
             10.2.6 SONNEBORN LLC
                        TABLE 108 SONNEBORN LLC: BUSINESS OVERVIEW
             10.2.7 VANTAGE SPECIALTY CHEMICALS
                        TABLE 109 VANTAGE SPECIALTY CHEMICALS: BUSINESS OVERVIEW
             10.2.8 UNITED-GUARDIAN, INC.
                        TABLE 110 UNITED-GUARDIAN, INC.: BUSINESS OVERVIEW
             10.2.9 INNOSPEC INC.
                        TABLE 111 INNOSPEC INC.: BUSINESS OVERVIEW
             10.2.10 KAO CORPORATION
                        TABLE 112 KAO CORPORATION: BUSINESS OVERVIEW
             10.2.11 MOMENTIVE PERFORMANCE CHEMICALS INC.
                        TABLE 113 MOMENTIVE PERFORMANCE CHEMICALS INC.: BUSINESS OVERVIEW
             10.2.12 ADEKA CORPORATION
                        TABLE 114 ADEKA CORPORATION: BUSINESS OVERVIEW
             10.2.13 DUPONT
                        TABLE 115 DUPONT: BUSINESS OVERVIEW
             10.2.14 KONINKLIJKE DSM N.V.
                        TABLE 116 KONINKLIJKE DSM N.V.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

11 ADJACENT & RELATED MARKETS (Page No. - 175)
     11.1 INTRODUCTION
     11.2 LIMITATION
     11.3 PERSONAL CARE INGREDIENTS MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
     11.4 PERSONAL CARE INGREDIENTS MARKET
             TABLE 117 PERSONAL CARE INGREDIENTS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
             TABLE 118 PERSONAL CARE INGREDIENTS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
             TABLE 119 PERSONAL CARE INGREDIENTS MARKET SIZE, BY REGION, 2016–2019 (KILOTON)
             TABLE 120 PERSONAL CARE INGREDIENTS MARKET SIZE, BY REGION, 2020–2025 (KILOTON)
             11.4.1 EUROPE
                        11.4.1.1 By Country
                                     TABLE 121 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                     TABLE 122 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                     TABLE 123 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                                     TABLE 124 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                        11.4.1.2 By Application
                                     TABLE 125 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 126 EUROPE: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
             11.4.2 ASIA PACIFIC
                        11.4.2.1 By Country
                                     TABLE 127 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                     TABLE 128 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                     TABLE 129 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                                     TABLE 130 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                        11.4.2.2 By Application
                                     TABLE 131 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 132 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
             11.4.3 NORTH AMERICA
                        11.4.3.1 By Country
                                     TABLE 133 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                     TABLE 134 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                     TABLE 135 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                                     TABLE 136 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                        11.4.3.2 By Application
                                     TABLE 137 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 138 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
             11.4.4 MIDDLE EAST & AFRICA
                        11.4.4.1 By Country
                                     TABLE 139 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                     TABLE 140 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                     TABLE 141 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                                     TABLE 142 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                        11.4.4.2 By Application
                                     TABLE 143 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 144 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
             11.4.5 SOUTH AMERICA
                        11.4.5.1 By Country
                                     TABLE 145 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                     TABLE 146 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                     TABLE 147 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTON)
                                     TABLE 148 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTON)
                        11.4.5.2 By Application
                                     TABLE 149 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                     TABLE 150 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)

12 APPENDIX (Page No. - 191)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for functional cosmetics. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The functional cosmetics market comprises several stakeholders such as functionality suppliers, manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development in end-use industries such as automotive, construction, marine and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Functional Cosmetics Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the functional cosmetics market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of volume and value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the functional cosmetics   market, in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, and opportunities  influencing the growth of the market
  • To define, describe, and segment the functional cosmetics   market on the basis of functionality and   application
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as  new product launch, expansion, merger & acquisition, and agreement in the functional cosmetics   market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Functional Cosmetics Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Functional Cosmetics Market

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