COVID-19 Impacts: Cosmetic Ingredients Market Will Accelerate at a CAGR of Over 7% Through 2020-2024 | Growing Demand for Natural Cosmetic Ingredients to Boost Growth | Technavio
Technavio has been monitoring the cosmetic ingredients market and it is poised to grow by USD 9.16 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the cosmetic ingredients market in 2019?
Technavio says that the value of the market was USD 21.95 billion in 2019 and is projected to reach USD 31.11 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 7%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Growing demand for natural cosmetic ingredients and the growing prominence of clean labeling in cosmetic formulations are the key factors driving the market growth.
Who are the top players in the market?
Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Croda International Plc, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Koninklijke DSM NV, Lonza Group Ltd., and Solvay SA are some of the major market participants.
Which region is expected to hold the highest market share?
APAC
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 6.65%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Croda International Plc, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Koninklijke DSM NV, Lonza Group Ltd., and Solvay SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing demand for natural cosmetic ingredients has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cosmetic ingredients market report covers the following areas:
Cosmetic Ingredients Market size
Cosmetic Ingredients Market trends
Cosmetic Ingredients Market analysis
This study identifies the growing prominence of clean labeling in cosmetic formulations as one of the prime reasons driving the cosmetic ingredients market growth during the next few years.
We provide a detailed analysis of vendors operating in the cosmetic ingredients market, including some of the vendors such as Ashland Global Holdings Inc., BASF SE, Clariant International Ltd., Croda International Plc, Eastman Chemical Co., Evonik Industries AG, Givaudan SA, Koninklijke DSM NV, Lonza Group Ltd., and Solvay SA. Backed with competitive intelligence and benchmarking, our research reports on the cosmetic ingredients market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist cosmetic ingredients market growth during the next five years
Estimation of the cosmetic ingredients market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the cosmetic ingredients market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of cosmetic ingredients market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Perfumes and fragrance - Market size and forecast 2019-2024
Hair care and skin care - Market size and forecast 2019-2024
Color cosmetics - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Market Segmentation by Type
Market segments
Comparison by Type
Surfactants - Market size and forecast 2019-2024
Single-use additives - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Type
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume Drivers- Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Ashland Global Holdings Inc.
BASF SE
Clariant International Ltd.
Croda International Plc
Eastman Chemical Co.
Evonik Industries AG
Givaudan SA
Koninklijke DSM NV
Lonza Group Ltd.
Solvay SA
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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