Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19,251.7 Million | USD 24079.8 Million | 3.8% | 2021 |
FrequentlyAsked Questions
Increasing demand for personal care products, rising use of makeup products and increasing disposable income are some major trends that guide cosmetic ingredients market growth.
According to the Market Research report, the global cosmetic ingredients market size was worth about US$ 19,251.7 million in 2021 and is predicted to grow to around US$ 24079.8 million by 2028, with a compound annual growth rate (CAGR) of around 3.8 percent.
Europe region leads the global cosmetic ingredients market in terms of revenue and volume share and is anticipated to maintain this stance through 2028. The cosmetic ingredients market in this region is expected to be driven by presence of key cosmetic ingredients companies.
Some of the main competitors dominating the global cosmetic ingredients market include -- BASF SE (Germany), Ashland (US), Solvay (Belgium), Dow (US), Clariant (Switzerland), Croda International Plc. (UK), Evonik Industries AG (Germany), Nouryon (North Holland), and Lonza (Switzerland)
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