Functional Cosmetics Market

Functional Cosmetics Market by Functionality (Conditioning Agents, UV Filters, Anti-Ageing Agents Skin-Lightening Agents), Application (Skin Care, Hair Care), and Region(Europe, Asia Pacific, North America) - Global Forecast to 2028

Report Code: CH 8026 Jul, 2023, by marketsandmarkets.com

In terms of value, the functional cosmetics market is estimated to grow from USD 3.3 billion in 2022 to USD 4.6 billion by 2028, at a CAGR of 5.4%. The market is triggered by population growth across the globe and rising demand for cosmetics. The increasing concerns about aging skin and the need for an even skin tone are contributing to the high use of functional cosmetics. Temperature variations and rising heat levels are influencing the demand growth of sun care functional cosmetic products. BASF SE (Germany), Nouryon (Netherlands), Ashland Inc. (US), Clariant AG (Germany), Evonik Industries AG (Germany), are the major service providers of functional cosmetics. These players mainly focus on expansion and new product launches to increase their geographic reach , garner new projects, strengthen their product and service portfolio and cater to the untapped markets.

Functional Cosmetics Market

To know about the assumptions considered for the study, Request for Free Sample Report

Functional Cosmetics Market

Market Dynamics

Driver: Accelerating demand for anti-aging, skin-whitening, and sun protection products

On average, 65% of the population falls under the age group of 16-64 years worldwide, according to the Population Reference Bureau (PRB) statistics 2022. There is a trend of using anti-aging products due to environmental effects and the desire to get youthful skin. Thus, increasing awareness of cosmetics and the desire to look younger are boosting the demand for anti-aging products across the globe. The desire for even toned and light-colored skin is the major factor driving the demand for skin whitening/lightening products. Organic products are gaining importance in North America, Europe, and majorly in Asia Pacific, with India, China, and Japan leading the market. The rising standard of living of the middle-class population, strong economic growth, and increased per capita spending on organic beauty products are the key parameters, increasing the global demand for these products.

Restraints: Consumer skepticism

Consumer skepticism is a psychological phenomenon in which customers question the reliability, authenticity, or dependability of marketing promises, products, or services. In a functional cosmetics market, diverse items and services are tailored to meet certain consumer requirements and desires. Competition, innovation, and a steady flow of information characterize these markets. However, the quantity of options and information can also lead to customer misunderstanding and skepticism. This skepticism can be attributed to a variety of variables, including previous experiences, information overload, and the influence of social networks.

Opportunities: Personalization and Customization

Some functional cosmetic brands allow customers to select the specific ingredients that they want to include in their products. Some functional cosmetic brands offer products that are custom blended for the individual customer. This is done by combining different ingredients in specific ratios to create a product that is tailored to the customer's specific needs.

Challenges: High product cost

Functional cosmetics often require more marketing than traditional cosmetics. This is because companies need to educate consumers about the benefits of functional cosmetics and to convince them to pay a premium for these products. The cost of marketing can also be a significant factor in the overall cost of a functional cosmetic product. All these factors conclude that the increasing demand for natural and organic products drives the functional cosmetics market. All these factors conclude that the high product cost is challenges to the functional cosmetics market.

Functional Cosmetics Market Ecosystem

The functional cosmetics ecosystem includes companies manufacturing functional cosmetics, such as BASF SE, Nouryon, Evonik Industries AG, Clariant AG, Ashland Inc., Stepan Company, Gattefosse, Lucas Meyer Cosmetics, Croda International Plc, and Air Liquide S.A.

Functional Cosmetics Market Ecosystem

Based on functionality , conditioning agents was the largest segment for functional cosmetics market, in terms of value, in 2022.

The functional cosmetics market is classified into conditioning agents, UV filters, anti-aging agents, skin-lightening agents, and others based on functionality. The others category includes cleansing agents, soothing agents, self-tanning agents, anti-acne, anti-oxidants, and emollients. The conditioning agent segment accounted for the maximum share of the market in 2022. The low cost and benefits of conditioning agents make them more suitable for skin care and hair care products. The high per capita spending and increased consumer inclination to use cosmetic products in their day-to-day life is driving the demand for cosmetics products. Asia Pacific is projected to witness the highest CAGR between 2023 and 2028, mainly due to the rising population in the region.

Based on application, skin care was the largest segment for functional cosmetics market, in terms of value, in 2022.

Functional cosmetics are used in skin care and hair care products to deliver the proposed benefits. The skin care application accounted for the larger market share in terms of value, of the global functional cosmetics market in 2022. It is estimated to have high demand due to growing aspirations to have younger skin and even skin tone, and aging population growth. The increasing impact of global warming, with a rise in excess heat levels, is surging the demand for sun protection and moisturizing agents.

“Europe accounted for the largest market share for functional cosmetics market, in terms of value, in 2022”

The European personal care industry has already started focusing on VOC-free, alkyl phenyl ethoxylates (APE)-free, and easily biodegradable eco-friendly surfactant products using renewable raw materials. The trend toward natural products is estimated to continue during the forecast period to keep up with the environmental regulations for manufacturers.  The presence of major premium personal care products & cosmetics manufacturers in the region, such as L'Oréal (France), Beiersdorf (Germany), and Clarins (France), is another factor driving the demand for functional cosmetics. The demand for premium skin care products, cosmetics, and perfumes is rising in European countries. This has led to increased production, thereby driving the functional cosmetics market.

Functional Cosmetics Market by Region

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

Key Market Players

The key players profiled in the report include BASF SE (Germany), Nouryon (Netherlands), Ashland Inc. (US), Clariant AG (Germany), Evonik Industries AG (Germany), Gattefosse (France), Stepan Company (US), Lucas Meyer Cosmetics (Canada), Croda International Plc (UK), and Air Liquide S.A. (France),  among others, these are the key manufacturers that secured major market share in the last few years.

Please visit 360Quadrants to see the vendor listing of Top 20 Personal Care Ingredients Companies, Worldwide 2023 

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Years considered for the study

2017–2028
Base year considered

 

2022

Forecast period

2023–2028

Units considered

Value (USD Million/Billion)

Segments covered

Functionality, Application, and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and Central & South America

Companies profiled

The key players profiled in the report include BASF SE (Germany), Nouryon (Netherlands), Ashland Inc. (US), Clariant AG (Germany), Evonik Industries AG (Germany), Gattefosse (France), Stepan Company (US), Lucas Meyer Cosmetics (Canada), Croda International Plc (UK), and Air Liquide S.A. (France) among others.

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-Ageing 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
  • Central & South America

Recent Developments

  • In April 2022, 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 October 2021, Evonik acquired Botanica to expand its active cosmetic ingredients market. It will enhance its entire product portfolio by opening new markets, accelerating growth, and creating significant value.
  • 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.
  • In June 2021, Evonik Industries AG boosted its nutrition & care segment’s portfolio with the acquisition of the cosmetic delivery company Infinitec Activos. It will help company to provide best customer services.
  • In August 2020, BASF SE has announced the launch of a new functional cosmetic product Lamesoft. It is a naturally derived and biodegradable product. It can be used to stabilize products in skin and hair cleansing formulas. It can be used to stabilize surfactant-based and wax-based opacifiers.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 MARKET DEFINITION AND INCLUSIONS, BY FUNCTIONALITY
           1.3.2 MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.4 STUDY SCOPE 
          FIGURE 1 FUNCTIONAL COSMETICS MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
          FIGURE 2 FUNCTIONAL COSMETICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary interview participants
                    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 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF FUNCTIONALITIES
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL FUNCTIONALITIES
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 –BOTTOM-UP (DEMAND SIDE): FUNCTIONALITY
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 TOP-DOWN
    2.3 DATA TRIANGULATION 
          FIGURE 7 FUNCTIONAL COSMETICS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
           2.4.1 SUPPLY SIDE
                    FIGURE 8 MARKET CAGR PROJECTIONS (SUPPLY SIDE)
           2.4.2 DEMAND SIDE
                    FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS  AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS 
    2.6 IMPACT OF RECESSION 
    2.7 ASSUMPTIONS 
    2.8 LIMITATIONS 
    2.9 RISK ASSESSMENT 
          TABLE 1 FUNCTIONAL COSMETICS MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 10 CONDITIONING AGENTS SEGMENT ACCOUNTED FOR LARGEST SHARE OF FUNCTIONAL COSMETICS MARKET IN 2022
    FIGURE 11 SKIN CARE TO BE LARGER AND FASTER GROWING APPLICATION OF FUNCTIONAL COSMETICS MARKET BETWEEN 2023 AND 2028
    FIGURE 12 EUROPE ACCOUNTED FOR LARGEST SHARE OF FUNCTIONAL COSMETICS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 OPPORTUNITIES FOR PLAYERS IN FUNCTIONAL COSMETICS MARKET 
          FIGURE 13 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING  FORECAST PERIOD
    4.2 FUNCTIONAL COSMETICS MARKET, BY REGION 
          FIGURE 14 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
    4.3 EUROPE FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY AND COUNTRY 
          FIGURE 15 GERMANY AND CONDITIONING AGENTS ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.4 FUNCTIONAL COSMETICS MARKET, BY APPLICATION AND REGION 
          FIGURE 16 SKIN CARE SEGMENT LED FUNCTIONAL COSMETICS MARKET ACROSS REGIONS
    4.5 FUNCTIONAL COSMETICS MARKET, BY KEY COUNTRY 
          FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 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
                                TABLE 2 TOP 10 ORGANIC SKIN CARE COMPANIES GLOBALLY, 2022
                    5.2.1.3 Increasing demand for natural and organic products
                                FIGURE 19 MARKET SIZE OF LEADING COUNTRIES IN NATURAL & ORGANIC COSMETICS, 2022
                    5.2.1.4 Rising awareness about skin health
           5.2.2 RESTRAINTS
                    5.2.2.1 Risks related to use of chemicals
                    5.2.2.2 Consumer skepticism
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Shifting focus toward male-specific cosmetics
                    5.2.3.2 Personalization and customization
           5.2.4 CHALLENGES
                    5.2.4.1 High product cost
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 20 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
                    TABLE 3 FUNCTIONAL COSMETICS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 4 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2020–2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 60)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 21 FUNCTIONAL COSMETICS MARKET: SUPPLY CHAIN ANALYSIS
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURING OF FUNCTIONAL COSMETICS
           6.1.3 DISTRIBUTION NETWORK
           6.1.4 END USE INDUSTRIES
    6.2 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR APPLICATIONS
                    TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR APPLICATIONS (%)
           6.2.2 BUYING CRITERIA
                    FIGURE 23 KEY BUYING CRITERIA FOR APPLICATIONS
                    TABLE 6 KEY BUYING CRITERIA FOR APPLICATIONS
    6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           6.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR FUNCTIONAL COSMETICS MARKET
                    FIGURE 24 REVENUE SHIFT FOR FUNCTIONAL COSMETICS MARKET
    6.4 CONNECTED MARKETS: ECOSYSTEM ANALYSIS 
          TABLE 7 FUNCTIONAL COSMETICS MARKET: ROLE IN ECOSYSTEM
          FIGURE 25 FUNCTIONAL COSMETICS MARKET: ECOSYSTEM
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 COSMETIC NANOTECHNOLOGY
                    TABLE 8 BENEFITS OF COSMETIC NANOTECHNOLOGY
           6.5.2 MODIFACE SKIN TECHNOLOGY
                    TABLE 9 BENEFITS OF MODIFACE SKIN TECHNOLOGY
    6.6 CASE STUDY ANALYSIS 
           6.6.1 CASE STUDY ON COATS GROUP PLC
    6.7 TRADE DATA STATISTICS 
           6.7.1 IMPORT SCENARIO OF FUNCTIONAL COSMETICS
                    FIGURE 26 IMPORT OF FUNCTIONAL COSMETICS, BY KEY COUNTRY (2017– 2022)
                    TABLE 10 IMPORT OF FUNCTIONAL COSMETICS, BY REGION, 2017–2022 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF FUNCTIONAL COSMETICS
                    FIGURE 27 EXPORT OF FUNCTIONAL COSMETICS, BY KEY COUNTRY (2017–2022)
                    TABLE 11 EXPORT OF FUNCTIONAL COSMETICS, BY REGION, 2017–2022 (USD MILLION)
    6.8 TARIFF AND REGULATORY LANDSCAPE 
           6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.8.2 REGULATIONS FOR FUNCTIONAL COSMETICS MARKET
    6.9 KEY CONFERENCES AND EVENTS IN 2023–2024 
          TABLE 12 FUNCTIONAL COSMETICS MARKET: KEY CONFERENCES & EVENTS, 2023–2024
    6.10 PATENT ANALYSIS 
           6.10.1 APPROACH
           6.10.2 DOCUMENT TYPE
                     TABLE 13 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS
                     FIGURE 28 PATENTS REGISTERED IN FUNCTIONAL COSMETICS MARKET, 2012–2022
                     FIGURE 29 PATENT PUBLICATION TRENDS, 2012–2022
                     FIGURE 30 LEGAL STATUS OF PATENTS FILED IN FUNCTIONAL COSMETICS MARKET
           6.10.3 JURISDICTION ANALYSIS
                     FIGURE 31 MAXIMUM PATENTS FILED IN JURISDICTION OF US
           6.10.4 TOP APPLICANTS
                     FIGURE 32 PROCTER & GAMBLE REGISTERED HIGHEST NUMBER OF PATENTS BETWEEN 2012 AND 2022
                     TABLE 14 PATENTS BY PROCTER & GAMBLE
                     TABLE 15 PATENTS BY L’OREAL S.A.
                     TABLE 16 PATENTS BY APPLE BEAUTY INC.
                     TABLE 17 TOP 10 PATENT OWNERS IN US, 2012–2022
 
7 FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY (Page No. - 78)
    7.1 INTRODUCTION 
          FIGURE 33 CONDITIONING AGENTS SEGMENT TO DOMINATE FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
          TABLE 18 FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY, 2016–2021 (USD MILLION)
          TABLE 19 FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY, 2022–2028 (USD MILLION)
    7.2 CONDITIONING AGENTS 
           7.2.1 NEED TO IMPROVE APPEARANCE OF DAMAGED HAIR
                    TABLE 20 CONDITIONING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 21 CONDITIONING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2022–2028 (USD MILLION)
    7.3 UV FILTERS 
           7.3.1 INCREASING DEMAND FOR SUN PROTECTION COSMETICS TO DRIVE DEMAND
                    TABLE 22 UV FILTERS: FUNCTIONAL COSMETICS MARKET, BY REGION, 2016–2021 (USD MILLION)
                    TABLE 23 UV FILTERS: FUNCTIONAL COSMETICS MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.4 ANTI-AGING AGENTS 
           7.4.1 INCREASED POLLUTION LEVELS, GLOBAL WARMING, AND OTHER ENVIRONMENTAL FACTORS TO DRIVE MARKET
                    TABLE 24 ANTI-AGING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 25 ANTI-AGING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2022–2028 (USD MILLION)
    7.5 SKIN-LIGHTENING AGENTS 
           7.5.1 INCREASING DEMAND FOR FAIRNESS TO AUGMENT MARKET GROWTH
                    TABLE 26 SKIN-LIGHTENING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 27 SKIN-LIGHTENING AGENTS: FUNCTIONAL COSMETICS MARKET, BY REGION,  2022–2028 (USD MILLION)
    7.6 OTHERS 
          TABLE 28 OTHERS: FUNCTIONAL COSMETICS MARKET, BY REGION, 2016–2021 (USD MILLION)
          TABLE 29 OTHERS: FUNCTIONAL COSMETICS MARKET, BY REGION, 2022–2028 (USD MILLION)
 
8 FUNCTIONAL COSMETICS MARKET, BY APPLICATION (Page No. - 86)
    8.1 INTRODUCTION 
          FIGURE 34 SKIN CARE APPLICATION TO DOMINATE FUNCTIONAL COSMETICS MARKET DURING FORECAST PERIOD
          TABLE 30 FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
          TABLE 31 FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
    8.2 SKIN CARE 
           8.2.1 INCREASING AWARENESS ABOUT SKIN HEALTH TO DRIVE MARKET
                    TABLE 32 FUNCTIONAL COSMETICS MARKET IN SKIN CARE APPLICATION, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 33 FUNCTIONAL COSMETICS MARKET IN SKIN CARE APPLICATION, BY REGION, 2022–2028 (USD MILLION)
           8.2.2 BODY CARE
           8.2.3 FACE CARE
           8.2.4 SUN CARE
    8.3 HAIR CARE 
           8.3.1 INCREASING HAIR-RELATED PROBLEMS TO DRIVE MARKET GROWTH
                    TABLE 34 FUNCTIONAL COSMETICS MARKET IN HAIR CARE APPLICATION, BY REGION,  2016–2021 (USD MILLION)
                    TABLE 35 FUNCTIONAL COSMETICS MARKET IN HAIR CARE APPLICATION, BY REGION,  2022–2028 (USD MILLION)
           8.3.2 SHAMPOOS
           8.3.3 DYES
 
9 FUNCTIONAL COSMETICS MARKET, BY REGION (Page No. - 91)
    9.1 INTRODUCTION 
          FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR FUNCTIONAL COSMETICS DURING FORECAST PERIOD
          TABLE 36 FUNCTIONAL COSMETICS MARKET, BY REGION, 2016–2021 (USD MILLION)
          TABLE 37 FUNCTIONAL COSMETICS MARKET, BY REGION, 2022–2028 (USD MILLION)
    9.2 NORTH AMERICA 
          FIGURE 36 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           9.2.1 IMPACT OF RECESSION ON NORTH AMERICA
           9.2.2 NORTH AMERICA FUNCTIONAL COSMETICS MARKET,  BY FUNCTIONALITY
                    TABLE 38 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2016–2021 (USD MILLION)
                    TABLE 39 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2022–2028 (USD MILLION)
           9.2.3 NORTH AMERICA FUNCTIONAL COSMETICS MARKET,  BY APPLICATION
                    TABLE 40 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                    TABLE 41 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
           9.2.4 NORTH AMERICA FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 42 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                    TABLE 43 NORTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                    9.2.4.1 US
                               9.2.4.1.1 Consumer awareness about environmentally friendly products to drive market
                                              TABLE 44 US: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 45 US: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.2.4.2 Canada
                               9.2.4.2.1 Increased per capita consumption of cosmetics and personal care products to drive market
                                              TABLE 46 CANADA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 47 CANADA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
                    9.2.4.3 Mexico
                               9.2.4.3.1 Growing middle-class population to boost market
                                              TABLE 48 MEXICO: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 49 MEXICO: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
    9.3 ASIA PACIFIC 
          FIGURE 37 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           9.3.1 IMPACT OF RECESSION ON ASIA PACIFIC
           9.3.2 ASIA PACIFIC FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 50 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2016–2021 (USD MILLION)
                    TABLE 51 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2022–2028 (USD MILLION)
           9.3.3 ASIA PACIFIC FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 52 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                    TABLE 53 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
           9.3.4 ASIA PACIFIC FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 54 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                    TABLE 55 ASIA PACIFIC: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                    9.3.4.1 China
                               9.3.4.1.1 Growing production and demand for high-end personal care products to drive market
                                              TABLE 56 CHINA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 57 CHINA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.3.4.2 Japan
                               9.3.4.2.1 Aging baby boomers to drive demand
                                              TABLE 58 JAPAN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 59 JAPAN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.3.4.3 India
                               9.3.4.3.1 Rising e-commerce and growing population to drive market
                                              TABLE 60 INDIA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 61 INDIA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.3.4.4 South Korea
                               9.3.4.4.1 Presence of leading functional cosmetics manufacturers to drive market
                                              TABLE 62 SOUTH KOREA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 63 SOUTH KOREA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
    9.4 EUROPE 
          FIGURE 38 EUROPE: FUNCTIONAL COSMETICS MARKET SNAPSHOT
           9.4.1 IMPACT OF RECESSION ON EUROPE
           9.4.2 EUROPE FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY
                    TABLE 64 EUROPE: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2016–2021 (USD MILLION)
                    TABLE 65 EUROPE: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2022–2028 (USD MILLION)
           9.4.3 EUROPE FUNCTIONAL COSMETICS MARKET, BY APPLICATION
                    TABLE 66 EUROPE: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                    TABLE 67 EUROPE: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
           9.4.4 EUROPE FUNCTIONAL COSMETICS MARKET, BY COUNTRY
                    TABLE 68 EUROPE: FUNCTIONAL COSMETICS MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
                    TABLE 69 EUROPE: FUNCTIONAL COSMETICS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                    9.4.4.1 Germany
                               9.4.4.1.1 Increasing awareness about low VOC and natural products to drive market
                                              TABLE 70 GERMANY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 71 GERMANY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
                    9.4.4.2 France
                               9.4.4.2.1 Presence of major cosmetics manufacturers to drive market
                                              TABLE 72 FRANCE: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 73 FRANCE: FUNCTIONAL COSMETICS MARKET SIZE, BY APPLICATION,  2022–2028 (USD MILLION)
                    9.4.4.3 UK
                               9.4.4.3.1 Growing production of unique personal care products to drive market
                                              TABLE 74 UK: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 75 UK: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.4.4.4 Italy
                               9.4.4.4.1 Presence of leading personal care manufacturing companies to drive demand
                                              TABLE 76 ITALY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 77 ITALY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.4.4.5 Spain
                               9.4.4.5.1 Growth in production of personal care products to drive demand
                                              TABLE 78 SPAIN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 79 SPAIN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.4.4.6 Poland
                               9.4.4.6.1 Growing aging population to drive demand
                                              TABLE 80 POLAND: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 81 POLAND: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA
           9.5.2 MIDDLE EAST & AFRICA FUNCTIONAL COSMETICS MARKET,  BY FUNCTIONALITY
                    TABLE 82 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2016–2021 (USD MILLION)
                    TABLE 83 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY,  2022–2028 (USD MILLION)
           9.5.3 MIDDLE EAST & AFRICA FUNCTIONAL COSMETICS MARKET,  BY APPLICATION
                    TABLE 84 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                    TABLE 85 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
           9.5.4 MIDDLE EAST & AFRICA FUNCTIONAL COSMETICS MARKET,  BY COUNTRY
                    TABLE 86 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                    TABLE 87 MIDDLE EAST & AFRICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                    9.5.4.1 Turkey
                               9.5.4.1.1 Increasing disposable income of middle-class population to drive demand
                                              TABLE 88 TURKEY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 89 TURKEY: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
                    9.5.4.2 Iran
                               9.5.4.2.1 Rising demand for multi-benefit skin care supported by population growth
                                              TABLE 90 IRAN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 91 IRAN: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                    9.5.4.3 Saudi Arabia
                               9.5.4.3.1 Extremely high temperatures to drive demand for skin and hair care products
                                              TABLE 92 SAUDI ARABIA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 93 SAUDI ARABIA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
                    9.5.4.4 South Africa
                               9.5.4.4.1 Hair care, skin care, and make-up products to drive market
                                              TABLE 94 SOUTH AFRICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2016–2021 (USD MILLION)
                                              TABLE 95 SOUTH AFRICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION,  2022–2028 (USD MILLION)
    9.6 CENTRAL & SOUTH AMERICA 
           9.6.1 IMPACT OF RECESSION ON CENTRAL & SOUTH AMERICA
           9.6.2 CENTRAL & SOUTH AMERICA FUNCTIONAL COSMETICS MARKET,  BY FUNCTIONALITY
                    TABLE 96 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY, 2016–2021 (USD MILLION)
                    TABLE 97 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY FUNCTIONALITY, 2022–2028 (USD MILLION)
           9.6.3 CENTRAL & SOUTH AMERICA FUNCTIONAL COSMETICS MARKET,  BY APPLICATION
                    TABLE 98 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                    TABLE 99 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
           9.6.4 CENTRAL & SOUTH AMERICA FUNCTIONAL COSMETICS MARKET,  BY COUNTRY
                    TABLE 100 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2016–2021 (USD MILLION)
                    TABLE 101 CENTRAL & SOUTH AMERICA: FUNCTIONAL COSMETICS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                    9.6.4.1 Brazil
                               9.6.4.1.1 Growing production and demand for natural and biodegradable personal care products to drive market
                                              TABLE 102 BRAZIL: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2016–2021 (USD MILLION)
                                              TABLE 103 BRAZIL: FUNCTIONAL COSMETICS MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 127)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 104 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     10.3 RANKING OF KEY MARKET PLAYERS, 2022 
             FIGURE 39 RANKING OF TOP FIVE PLAYERS, 2022
     10.4 MARKET SHARE ANALYSIS 
             TABLE 105 FUNCTIONAL COSMETICS MARKET: DEGREE OF COMPETITION
             FIGURE 40 BASF SE LED FUNCTIONAL COSMETICS MARKET IN 2022
     10.5 REVENUE ANALYSIS OF KEY COMPANIES 
             FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS
     10.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 42 FUNCTIONAL COSMETICS: COMPANY FOOTPRINT
             TABLE 106 FUNCTIONAL COSMETICS MARKET: FUNCTIONALITY FOOTPRINT
             TABLE 107 FUNCTIONAL COSMETICS MARKET: APPLICATION FOOTPRINT
             TABLE 108 FUNCTIONAL COSMETICS MARKET: COMPANY REGION FOOTPRINT
     10.7 COMPANY EVALUATION MATRIX (TIER 1) 
             10.7.1 STARS
             10.7.2 EMERGING LEADERS
             10.7.3 PERVASIVE PLAYERS
             10.7.4 PARTICIPANTS
                        FIGURE 43 COMPANY EVALUATION MATRIX FOR FUNCTIONAL COSMETICS (TIER 1)
     10.8 COMPETITIVE BENCHMARKING 
             TABLE 109 FUNCTIONAL COSMETICS: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 110 FUNCTIONAL COSMETICS: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.9 STARTUP/SME EVALUATION MATRIX 
             10.9.1 RESPONSIVE COMPANIES
             10.9.2 PROGRESSIVE COMPANIES
             10.9.3 DYNAMIC COMPANIES
             10.9.4 STARTING BLOCKS
                        FIGURE 44 STARTUP/SME EVALUATION MATRIX FOR FUNCTIONAL COSMETICS
     10.1 COMPETITIVE SCENARIOS AND TRENDS 
             10.10.1 PRODUCT LAUNCHES
                        TABLE 111 PRODUCT LAUNCHES (2019–2023)
             10.10.2 DEALS
                        TABLE 112 DEALS (2019–2023)

11 COMPANY PROFILES (Page No. - 144)
     11.1 MAJOR PLAYERS 
(Business overview, Products/Solutions/Services offered, Recent developments, Product launches, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
             11.1.1 BASF SE
                        TABLE 113 BASF SE: COMPANY OVERVIEW
                        FIGURE 45 BASF SE: COMPANY SNAPSHOT
             11.1.2 NOURYON
                        TABLE 114 NOURYON: COMPANY OVERVIEW
                        FIGURE 46 NOURYON: COMPANY SNAPSHOT
             11.1.3 EVONIK INDUSTRIES AG
                        TABLE 115 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
                        FIGURE 47 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
             11.1.4 CLARIANT AG
                        TABLE 116 CLARIANT AG: COMPANY OVERVIEW
                        FIGURE 48 CLARIANT AG: COMPANY SNAPSHOT
             11.1.5 ASHLAND INC.
                        TABLE 117 ASHLAND INC.: COMPANY OVERVIEW
                        FIGURE 49 ASHLAND INC.: COMPANY SNAPSHOT
             11.1.6 GATTEFOSSE
                        TABLE 118 GATTEFOSSE: COMPANY OVERVIEW
             11.1.7 STEPAN COMPANY
                        TABLE 119 STEPAN COMPANY: COMPANY OVERVIEW
                        FIGURE 50 STEPAN COMPANY: COMPANY SNAPSHOT
             11.1.8 LUCAS MEYER COSMETICS
                        TABLE 120 LUCAS MEYER COSMETICS: COMPANY OVERVIEW
             11.1.9 CRODA INTERNATIONAL PLC
                        TABLE 121 CRODA INTERNATIONAL PLC: COMPANY OVERVIEW
                        FIGURE 51 CRODA INTERNATIONAL PLC: COMPANY SNAPSHOT
             11.1.10 AIR LIQUIDE S.A.
                        TABLE 122 AIR LIQUIDE S.A.: COMPANY OVERVIEW
                        FIGURE 52 AIR LIQUIDE S.A.: COMPANY SNAPSHOT
     11.2 OTHER KEY PLAYERS 
             11.2.1 CP KELCO
                        TABLE 123 CP KELCO: COMPANY OVERVIEW
             11.2.2 EASTMAN CHEMICAL COMPANY
                        TABLE 124 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
             11.2.3 EMERY OLEOCHEMICAL GROUP
                        TABLE 125 EMERY OLEOCHEMICAL GROUP: COMPANY OVERVIEW
             11.2.4 GIVAUDAN SA
                        TABLE 126 GIVAUDAN SA: COMPANY OVERVIEW
             11.2.5 SYMRISE AG
                        TABLE 127 SYMRISE AG: COMPANY OVERVIEW
             11.2.6 SONNEBORN LLC
                        TABLE 128 SONNEBORN LLC: COMPANY OVERVIEW
             11.2.7 VANTAGE SPECIALTY CHEMICALS
                        TABLE 129 VANTAGE SPECIALTY CHEMICALS: COMPANY OVERVIEW
             11.2.8 UNITED-GUARDIAN, INC.
                        TABLE 130 UNITED-GUARDIAN, INC.: COMPANY OVERVIEW
             11.2.9 INNOSPEC INC.
                        TABLE 131 INNOSPEC INC.: COMPANY OVERVIEW
             11.2.10 KAO CORPORATION
                        TABLE 132 KAO CORPORATION: COMPANY OVERVIEW
             11.2.11 MOMENTIVE PERFORMANCE MATERIALS INC.
                        TABLE 133 MOMENTIVE PERFORMANCE MATERIALS INC.: COMPANY OVERVIEW
             11.2.12 ADEKA CORPORATION
                        TABLE 134 ADEKA CORPORATION: COMPANY OVERVIEW
             11.2.13 DUPONT DE NEMOURS, INC.
                        TABLE 135 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW
             11.2.14 ROYAL DSM
                        TABLE 136 ROYAL DSM: COMPANY OVERVIEW
             11.2.15 SOLLICE BIOTECH
                        TABLE 137 SOLLICE BIOTECH: COMPANY OVERVIEW
 
*Details on Business overview, Products/Solutions/Services offered, Recent developments, Product launches, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
12 ADJACENT & RELATED MARKETS (Page No. - 187)
     12.1 INTRODUCTION 
     12.2 LIMITATIONS 
     12.3 PERSONAL CARE INGREDIENTS MARKET 
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
             12.3.3 PERSONAL CARE INGREDIENTS MARKET, BY REGION
                        TABLE 138 PERSONAL CARE INGREDIENTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                        TABLE 139 PERSONAL CARE INGREDIENTS MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 140 PERSONAL CARE INGREDIENTS MARKET, BY REGION, 2017–2021 (KILOTON)
                        TABLE 141 PERSONAL CARE INGREDIENTS MARKET, BY REGION, 2022–2027 (KILOTON)
                        12.3.3.1 Europe
                                     12.3.3.1.1 Europe: Personal Care Ingredients Market, By Country
                                                     TABLE 142 EUROPE: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                                                     TABLE 143 EUROPE: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
                                                     TABLE 144 EUROPE: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                                                     TABLE 145 EUROPE: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (KILOTON)
                        12.3.3.2 Asia Pacific
                                     12.3.3.2.1 Asia Pacific: Personal Care Ingredients Market, By Country
                                                     TABLE 146 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                                                     TABLE 147 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
                                                     TABLE 148 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                                                     TABLE 149 ASIA PACIFIC: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (KILOTON)
                        12.3.3.3 North America
                                     12.3.3.3.1 North America: Personal Care Ingredients Market,  By Country
                                                     TABLE 150 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                                                     TABLE 151 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
                                                     TABLE 152 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                                                     TABLE 153 NORTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (KILOTON)
                        12.3.3.4 Middle East & Africa
                                     12.3.3.4.1 Middle East & Africa: Personal Care Ingredients Market,  By Country
                                                     TABLE 154 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                                                     TABLE 155 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
                                                     TABLE 156 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                                                     TABLE 157 MIDDLE EAST & AFRICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (KILOTON)
                        12.3.3.5 South America
                                     12.3.3.5.1 South America: Personal Care Ingredients Market,  By Country
                                                     TABLE 158 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                                                     TABLE 159 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
                                                     TABLE 160 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                                                     TABLE 161 SOUTH AMERICA: PERSONAL CARE INGREDIENTS MARKET, BY COUNTRY,  2022–2027 (KILOTON)
 
13 APPENDIX (Page No. - 198)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 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. Post that, 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. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The Functional cosmetics market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the automotive, medical, electronics, 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.

Breakdown of Primary Participants

Functional Cosmetics Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

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

COMPANY NAME

DESIGNATION

BASF SE

Director of Marketing

Nouryon

Manager- Sales & Marketing

Evonik Industries AG

Sales Manager

Clariant AG

Production Manager

Ashland Inc.

Sales Manager

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 supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Functional Cosmetics Market: Bottom-Up Approach

Functional Cosmetics Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Functional Cosmetics Market: Top-Down Approach

Functional Cosmetics Market Size, and Share

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 in the functional cosmetics industry.

Market Definition

According to BIORIUS, functional cosmetics are cosmetic ingredients that help whiten the skin, decrease wrinkles, protect from ultraviolet (UV) rays, change hair color, remove hair or nourish hair, and correct dryness, cracking, or peeling skin.

Key Stakeholders

  • Functional cosmetics manufacturers
  • Functional cosmetics distributors
  • Functional cosmetics suppliers
  • Government and research organizations
  • Investment banks and private equity firms Venture capital firms
  • Wastewater treatment equipment manufacturers, dealers, and suppliers
  • Water testing and packaging vendors

Report Objectives

  • To define, describe, and forecast the functional cosmetics market in terms of value
  • To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
  • To estimate and forecast the market size by functionality, application, and region
  • To forecast the size of the market for five main regions: Europe, North America, Asia Pacific, Central South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments, such as deals and expansions, in the market
  • To analyze the impact of the recession on the market
  • To strategically profile key players and comprehensively analyze their growth strategies

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 type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
CH 8026
Published ON
Jul, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Functional Cosmetics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback