Market Leader - Natural Personal Care Ingredients Market
In terms of value, the natural personal care ingredinets market is estimated to grow from USD 5.3 billion in 2023 to USD 7.9 billion by 2028, at a CAGR of 8.3%. Natural personal care ingredinets have grown in popularity as the enriched quality of natural products and demand for natural label products has increased tremendously worldwide in the last two decades. These factors drive the natural personal care ingredinets market.
The key players profiled in the report include BASF SE (Germany), Croda International Plc (UK), Ashland Inc. (US), The Lubrizol Corporation (US), Evonik Industries AG (Germany), Dow Inc. (US), Symrise AG (Germany), and others. The natural personal care ingredinets market has witnessed strong growth in the past few years; government regulations and changing lifestyle drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
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BASF SE is one of the world’s largest chemical companies. BASF is one of the major manufacturers of natural personal care ingredients, constantly focusing on innovative technologies and natural ingredients for the personal care industry. The company offers its natural personal care ingredients for a wide range of applications such as skin care, hair care, oral care, make-up and others. It operates through seven business segments, namely, surface technologies, materials, chemicals, agricultural solutions, industrial solutions, nutrition & care, and other segments. It operates at 239 production sites and has a presence in 91 countries and has a significant global footprint. In May 2023, BASF partnered with BEAUTYSTREAMS to further expand its D’lite digital service for the personal care industry. This collaboration involved trends from BEAUTYSTREAMS which will provide valuable insights into current developments to BASF SE across the personal care market.
Croda International Plc is a global specialty chemicals company and has strong presence in European and North American region. It offers a diverse range of natural personal care ingredients for various applications including skin care, oral care, hair care, make-up and others. The company operates its business under three main segments, namely, consumer care, life sciences, and industrial specialties. The company offers its products in the fields of personal care, healthcare, agriculture, lubricants, coatings & polymers, polymer additives, homecare, geo-technologies, and industrial chemicals. It operates with 18 manufacturing sites, and its offices are present in more than 30 countriees: Europe, North America, Asia Pacific, the Middle East & Africa, and the South American region. In July 2023, Croda International Plc has successfully completed the acquisition of Solus Biotech, a global leader in biotechnology-derived active ingredients for beauty care and pharmaceuticals.
Related Reports:
Natural Personal Care Ingredients Market by Type (Emollients, Surfactnats, Rheology Modifiers, Preservatives, Active Ingredients), Application (Skin Care, Hair Care, Make-up, Oral Care), and Region - Global Forecast to 2028
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