Global Beauty and Personal Care Surfactants Market Size, Share Report, Analysis, Growth, 2030

Beauty and Personal Care Surfactants Market Size And Industry Analysis

The global beauty and personal care surfactants market size was worth USD 725.10 million in 2021 and is estimated to grow to USD 1,493.66 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.80 percent over the forecast period.

The report analyzes the beauty and personal care surfactants market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the beauty and personal care surfactants market.

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Beauty and Personal Care Surfactants Market: Overview

Surfactant is a chemical that stabilizes oil and water mixtures by decreasing surface tension through the interface between water and oil molecules. It is a vital ingredient in several homes, personal, and beauty care products. Demand for waterless products, including face wash and cleansers, is a crucial factor escalating the market growth. Also, a rise in the living standards among the working and high-class population and a surge in product innovations by the key market players, including the use of bio-based ingredients, are the significant factors driving the beauty and personal care surfactants market.

Moreover, the new range of unique care products for hair and healthy skin solutions with mild surfactants and natural conditioning elements will further create new opportunities for the beauty and personal care surfactants market in the forecast period mentioned above. However, the implementation of stringent regulations by government agencies and volatility in raw material prices are the major factors, among others, acting as restraints and will further challenge the growth of the beauty and personal care surfactants market in the forecast period mentioned above.

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COVID-19 Impact:

The COVID-19 pandemic has impacted the businesses of beauty and personal care surfactants. The COVID-19 pandemic spread throughout the world as strict lockdowns are implemented by governments and shut down companies. Thus, the movement of people is restricted during the covid-19 pandemic; the global beauty and personal care surfactants market is likely to be impacted considerably during the forecast period. Besides that, these products' uncertain production and supply hindered the market growth during the pandemic period.

Key Insights

• As per the analysis shared by our research analyst, the global beauty and personal cate surfactants market value is expected to grow at a CAGR of 12.80% over the forecast period.
• In terms of revenue, the global beauty and personal care surfactants market size was valued at USD 725.10 million in 2021 and is estimated to grow to USD 1,493.66 million by 2028.
• The rise in living standards among the working and high-class population and a surge in product innovations by the key market players, including the use of bio-based ingredients, are the significant factors driving the beauty and personal care surfactants market.
• By product, the nonionic segment dominated with accounted significant market share in 2021.
• By application, the skin care segment accounted significant amount of market share in 2021.
• In 2021, Asia Pacific accounted largest revenue share of 38%.

Beauty And Personal Care Surfactants Market: Growth Drivers

The growing demand from the young population aids the global market growth

The growing demand from the young population is having a significant impact on personal care and beauty products. However, consumers also spend a lot on skin and hair care products. In addition, the increasing penetration of global companies such as L'Oreal SA; Colgate-Palmolive Company; Procter and Gamble; Avon Products Inc.; Helen of Troy Limited; Johnson and Johnson; Unilever; and Estee Lauder Companies Inc. is driving demand for the product. The positive impact of social media ads, e-commerce channels, and many beauty-focused retailers presents substantial growth opportunities for personal care products.

Increasing consumer purchasing power and awareness of beauty and personal hygiene are expected to drive product demand further. Furthermore, the high demand for anti-aging products from Generation X is also expected to drive the global beauty and personal care surfactants market growth.

Beauty And Personal Care Surfactants Market: Restraints

The strict government regulations may hamper the global market growth

The implementation of stringent regulations by government agencies and volatile raw material prices are the main factors that, among others, act as a restraint and will continue to challenge the growth of the global beauty and personal care surfactants market during the forecast period.

Beauty And Personal Care Surfactants Market: Opportunities

The shift in demographic factors brings up several growth opportunities

As technology advances, there is a shift in demographic factors such as rapid urbanization and the reshaping of lifestyles & purchasing decisions. These factors are influencing the growth of the global personal and beauty care surfactants market. In addition, the penetration of beauty products through the online channel, promotional activities, social media advertising, and the presence of retailers in the care products will boost product awareness. Individuals and beauty engaged in providing the best service to their consumers offer lucrative opportunities for market growth.

Beauty And Personal Care Surfactants Market: Segmentation

The global beauty and personal care surfactants market is segregated based on product, application, and region.

By product, the market is divided into nonionic, cationic, amphoteric, anionic, and others. Among these, the nonionic segment dominates the market, accounting for a significant percentage of global sales. The product's ability to dissolve poorly soluble chemicals is driving the industry. This helps it gain substantial market share in the beauty, skin, and personal care categories. Also, in the near future, an increase in demand for water-free products such as facial cleansers and cleansers is expected to spur growth.

By application, the market is categorized into Skin Care, Hair Care, and Others. During the forecast period, the skin care segment dominated the market regarding revenue generation. The growing penetration of the retail sector, especially in developing countries such as China and India, is driving the industry. The market expansion can also be attributed to the increased demand for anti-aging products among the middle class. Additionally, heightened consumer awareness and changing beauty trends are driving growth.

Recent Developments

• September 2021 - Croda International Plc, which uses innovative science to create high-performance, life-improving components, and technologies, has expanded its presence at Sci-Tech Daresbury under a capacity expansion plan for its biotechnology.
• September 2020 - Stepan Company, a US-based specialty chemicals manufacturer, acquired the anionic surfactants business S.A. de C.V. of Clariant (Mexico) and related sulfate equipment for an undisclosed amount. This acquisition completes Stepan's expansion plans in Latin America and strengthens Clariant's ability to support customer growth in the Mexican consumer and functional surfactant market.

Beauty And Personal Care Surfactants Market: Report Scope

Regional Landscape

The spread of application areas helps Asia-Pacific dominate the global market

In 2021, Asia-Pacific dominated the global personal and beauty care surfactants market due to the spread of application areas such as hair and personal care products due to a growing aging population and demand for anti-aging products owing to an increase in the working population's personal disposable income care app in this area. North America is the expected region for the growth of the personal care and beauty care surfactants market due to the growing consumer awareness of personal grooming and wellness.

Competitive Landscape

Some of the main competitors dominating the global beauty and personal care surfactants market include - 

• Croda International PLC
• BASF SE
• Evonik Industries AG
• Lonza Group Ltd.
• Akzo Nobel N.V.
• The DOW Chemical Company
• Clariant AG
• Wacker Chemie AG
• Solvay S.A.
• Ashland Global Holdings Inc.

The global beauty and personal care surfactants market is segmented as follows:

By Product

• Nonionic
• Cationic
• Amphoteric
• Anionics
• Others

By Application

• Skin Care
• Hair Care
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa