, /PRNewswire/ -- The global cosmetic ingredients market size is estimated to grow by .79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.
76% during the forecast period. Growing demand for natural and organic cosmetic ingredients is driving market growth, with a trend towards growing prominence of clean labeling in cosmetic formulations. However, stringent regulations poses a challenge.
Key market players include Alfa Chemicals Ltd., Ashland Inc., Aston Chemicals Ltd.
, BASF SE, Clariant International Ltd., Croda International Plc, Dow Chemical Co., Eastman Chemical Co.
, Evonik Industries AG, Givaudan SA, J M Huber Corp., Koninklijke DSM NV, Lonza Group Ltd., Lucas Meyer Cosmetics, Nouryon Chemicals Holding BV, Pharmacos India, Solvay SA, Symrise AG, The Estee Lauder Companies Inc.
, and Wacker Chemie AG. Get a detailed analysis on regions, market segments, customer landscape, and companies - The cosmetics sector is moving towards clean labeling, which involves limiting synthetic ingredients for transparency, safety, and authenticity. This trend has led to a decrease in the use of artificial and synthetic components.
Vendors like Koninklijke DSM NV and BASF SE are expanding their clean-label cosmetic ingredient offerings. This focus on clean labeling is expected to boost R&D activities for the development of eco-friendly alternatives during the forecast period. The cosmetic ingredients market is experiencing significant tren.
