The cosmetic ingredients market size has grown strongly in recent years. It will grow from $31.89 billion in 2024 to $33.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to natural ingredient trends, scientific advancements, consumer awareness, regulatory changes, and cultural influences.
The cosmetic ingredients market size is expected to see strong growth in the next few years. It will grow to $43.79 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to clean beauty movement, regenerative and healing ingredients, demand for microbiome-friendly ingredients, digital beauty solutions, and tech-driven formulations. Major trends in the forecast period include upcycled ingredients, customized skincare kits, bioactive peptides, barrier repair ingredients, and CBD and hemp-derived ingredients.
The growing demand for personal care products is expected to drive the growth of the cosmetic ingredients market in the future. Personal care products encompass a wide range of items commonly used for maintaining hygiene, enhancing beauty, and cleaning. These products are designed to support and improve personal well-being, cleanliness, and appearance. Cosmetic ingredients are incorporated into personal care products to offer various benefits and functionalities. These ingredients fulfill specific roles and enhance the overall performance, effectiveness, and sensory experience of the products. Consequently, the demand for personal care products significantly contributes to the growth of the cosmetic ingredients market. For example, in December 2023, a report from the Bureau of Labor Statistics, a US-based government agency, indicated that spending on personal care products and services rose from $771 in 2021 to $866 in 2022, marking a 12.3 percent increase in expenditure. Therefore, the rising demand for personal care products is driving the growth of the cosmetic ingredients market.
The rising use of cosmetics is expected to drive the growth of the cosmetic ingredients market. Cosmetics encompass a wide range of products applied to the body, face, hair, or nails to enhance or alter appearance. The cosmetics industry utilizes various ingredients to formulate products that boost beauty, improve skin health, and meet diverse consumer preferences. For example, in February 2024, L'Oréal S.A., a France-based cosmetics company, reported sales of $44.64 billion (€41.18 billion) as of December 31, 2023, representing a 7.6% increase. The company also enhanced its operating margin to 19.8% (+30 bps), achieving an operating profit of $8.82 billion (€8.14 billion). Thus, the increasing use of cosmetics is driving the growth of the cosmetic ingredients market.
Major companies are strategically embracing partnerships to synergize their capabilities and introduce innovative and sustainable biotechnological-based cosmetic ingredients. This strategic partnership approach involves companies leveraging each other's strengths and resources for mutual benefits and success. A notable instance of this trend is observed in the partnership between Cosmecca Korea Co., a South Korea-based K beauty manufacturing company, and Vytrus, a Spain-based cosmetic ingredient manufacturing company. Through this collaboration, the companies aim to harness biotechnology, particularly Vytrus' plant stem cell technology, to develop novel cosmetic ingredients that are both innovative and sustainable. This strategic partnership reflects the industry's commitment to advancing through collaborative efforts and cutting-edge technologies.
Product innovations are emerging as a key trend in the cosmetic ingredients market, with companies prioritizing the development of new and advanced products to maintain their competitive edge. In June 2022, Solvay S.A., a Belgium-based chemical company, introduced Mirasoft SL L60 and Mirasoft SL A60, high-performance biosurfactants. These biosurfactants play a crucial role in facilitating the creation of sustainable beauty care products with a reduced environmental and carbon footprint. Designed for various applications in the beauty care industry, including shampoos, conditioners, shower gels, face washes, and creams, these glycolipid biosurfactants underscore the industry's commitment to fostering innovation while prioritizing sustainability. This emphasis on product innovation aligns with the evolving consumer demands for eco-friendly and effective cosmetic ingredients.
In June 2022, Luxury Brands LLC, a US-based beauty brand, acquired Youngblood Mineral Cosmetics for an undisclosed amount. This acquisition will enable Luxury Brands LLC to accelerate the development of new products, enhance advertising, implement digital marketing strategies, and support both direct-to-consumer and business-to-business sales. Youngblood Mineral Cosmetics is a US-based company specializing in mineral cosmetics.
Major companies operating in the cosmetic ingredients market include BASF SE, Unilever, The Dow Chemical Company, L'Oréal International, Evonik Industries AG, Solvay S.A., The Estée Lauder Companies Inc., DuPont, International Flavors & Fragrances Inc., Kao Chemicals, Eastman Chemical Company, DSM, Wacker Chemie AG, Givaudan, Lonza Group Ltd., Clariant AG, KCC Corporation, Symrise, Croda International PLC., Ashland Inc., P2 Science Inc., Spira Inc., Naturbeads Ltd., Allozymes, Ardra Bio, Firmenich, Protameen Chemicals, Lipoid Kosmetik, Ecogreen Oleochemicals, Aqia.
Asia-Pacific was the largest region in the cosmetic ingredients market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cosmetic ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cosmetic ingredients encompass a range of substances utilized in formulating cosmetic products, contributing specific functions and benefits when applied to the skin, hair, or nails.
These ingredients vary in types and include synthetic chemical ingredients, natural or herbal ingredients, specialty ingredients, oleochemicals, botanical extracts, rheology modifiers, preservatives, emulsifiers, stabilizers, and other ingredient varieties. Synthetic chemical ingredients are artificially produced substances created through chemical synthesis, found in cosmetics such as preservatives, emulsifiers, surfactants, synthetic fragrances, and colorants. They serve various purposes, including cleansing, foam formation, aroma enhancement, moisturization, specialty applications, among others, across skincare, oral care, hair care, makeup, fragrance, and related cosmetic products.
The cosmetic ingredients market research report is one of a series of new reports that provides cosmetic ingredients market statistics, including the cosmetic ingredients industry's global market size, regional shares, competitors with a cosmetic ingredients market share, detailed cosmetic ingredients market segments, market trends, and opportunities, and any further data you may need to thrive in the cosmetic ingredients industry. This cosmetic ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cosmetic ingredients market consists of sales of skincare products, makeup products, hair care products, fragrances, and personal care products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The cosmetic ingredients market size is expected to see strong growth in the next few years. It will grow to $43.79 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to clean beauty movement, regenerative and healing ingredients, demand for microbiome-friendly ingredients, digital beauty solutions, and tech-driven formulations. Major trends in the forecast period include upcycled ingredients, customized skincare kits, bioactive peptides, barrier repair ingredients, and CBD and hemp-derived ingredients.
The growing demand for personal care products is expected to drive the growth of the cosmetic ingredients market in the future. Personal care products encompass a wide range of items commonly used for maintaining hygiene, enhancing beauty, and cleaning. These products are designed to support and improve personal well-being, cleanliness, and appearance. Cosmetic ingredients are incorporated into personal care products to offer various benefits and functionalities. These ingredients fulfill specific roles and enhance the overall performance, effectiveness, and sensory experience of the products. Consequently, the demand for personal care products significantly contributes to the growth of the cosmetic ingredients market. For example, in December 2023, a report from the Bureau of Labor Statistics, a US-based government agency, indicated that spending on personal care products and services rose from $771 in 2021 to $866 in 2022, marking a 12.3 percent increase in expenditure. Therefore, the rising demand for personal care products is driving the growth of the cosmetic ingredients market.
The rising use of cosmetics is expected to drive the growth of the cosmetic ingredients market. Cosmetics encompass a wide range of products applied to the body, face, hair, or nails to enhance or alter appearance. The cosmetics industry utilizes various ingredients to formulate products that boost beauty, improve skin health, and meet diverse consumer preferences. For example, in February 2024, L'Oréal S.A., a France-based cosmetics company, reported sales of $44.64 billion (€41.18 billion) as of December 31, 2023, representing a 7.6% increase. The company also enhanced its operating margin to 19.8% (+30 bps), achieving an operating profit of $8.82 billion (€8.14 billion). Thus, the increasing use of cosmetics is driving the growth of the cosmetic ingredients market.
Major companies are strategically embracing partnerships to synergize their capabilities and introduce innovative and sustainable biotechnological-based cosmetic ingredients. This strategic partnership approach involves companies leveraging each other's strengths and resources for mutual benefits and success. A notable instance of this trend is observed in the partnership between Cosmecca Korea Co., a South Korea-based K beauty manufacturing company, and Vytrus, a Spain-based cosmetic ingredient manufacturing company. Through this collaboration, the companies aim to harness biotechnology, particularly Vytrus' plant stem cell technology, to develop novel cosmetic ingredients that are both innovative and sustainable. This strategic partnership reflects the industry's commitment to advancing through collaborative efforts and cutting-edge technologies.
Product innovations are emerging as a key trend in the cosmetic ingredients market, with companies prioritizing the development of new and advanced products to maintain their competitive edge. In June 2022, Solvay S.A., a Belgium-based chemical company, introduced Mirasoft SL L60 and Mirasoft SL A60, high-performance biosurfactants. These biosurfactants play a crucial role in facilitating the creation of sustainable beauty care products with a reduced environmental and carbon footprint. Designed for various applications in the beauty care industry, including shampoos, conditioners, shower gels, face washes, and creams, these glycolipid biosurfactants underscore the industry's commitment to fostering innovation while prioritizing sustainability. This emphasis on product innovation aligns with the evolving consumer demands for eco-friendly and effective cosmetic ingredients.
In June 2022, Luxury Brands LLC, a US-based beauty brand, acquired Youngblood Mineral Cosmetics for an undisclosed amount. This acquisition will enable Luxury Brands LLC to accelerate the development of new products, enhance advertising, implement digital marketing strategies, and support both direct-to-consumer and business-to-business sales. Youngblood Mineral Cosmetics is a US-based company specializing in mineral cosmetics.
Major companies operating in the cosmetic ingredients market include BASF SE, Unilever, The Dow Chemical Company, L'Oréal International, Evonik Industries AG, Solvay S.A., The Estée Lauder Companies Inc., DuPont, International Flavors & Fragrances Inc., Kao Chemicals, Eastman Chemical Company, DSM, Wacker Chemie AG, Givaudan, Lonza Group Ltd., Clariant AG, KCC Corporation, Symrise, Croda International PLC., Ashland Inc., P2 Science Inc., Spira Inc., Naturbeads Ltd., Allozymes, Ardra Bio, Firmenich, Protameen Chemicals, Lipoid Kosmetik, Ecogreen Oleochemicals, Aqia.
Asia-Pacific was the largest region in the cosmetic ingredients market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmetic ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cosmetic ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Cosmetic ingredients encompass a range of substances utilized in formulating cosmetic products, contributing specific functions and benefits when applied to the skin, hair, or nails.
These ingredients vary in types and include synthetic chemical ingredients, natural or herbal ingredients, specialty ingredients, oleochemicals, botanical extracts, rheology modifiers, preservatives, emulsifiers, stabilizers, and other ingredient varieties. Synthetic chemical ingredients are artificially produced substances created through chemical synthesis, found in cosmetics such as preservatives, emulsifiers, surfactants, synthetic fragrances, and colorants. They serve various purposes, including cleansing, foam formation, aroma enhancement, moisturization, specialty applications, among others, across skincare, oral care, hair care, makeup, fragrance, and related cosmetic products.
The cosmetic ingredients market research report is one of a series of new reports that provides cosmetic ingredients market statistics, including the cosmetic ingredients industry's global market size, regional shares, competitors with a cosmetic ingredients market share, detailed cosmetic ingredients market segments, market trends, and opportunities, and any further data you may need to thrive in the cosmetic ingredients industry. This cosmetic ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cosmetic ingredients market consists of sales of skincare products, makeup products, hair care products, fragrances, and personal care products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cosmetic Ingredients Market Characteristics3. Cosmetic Ingredients Market Trends and Strategies4. Cosmetic Ingredients Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Cosmetic Ingredients Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Cosmetic Ingredients Market34. Recent Developments in the Cosmetic Ingredients Market
5. Global Cosmetic Ingredients Growth Analysis and Strategic Analysis Framework
6. Cosmetic Ingredients Market Segmentation
7. Cosmetic Ingredients Market Regional and Country Analysis
8. Asia-Pacific Cosmetic Ingredients Market
9. China Cosmetic Ingredients Market
10. India Cosmetic Ingredients Market
11. Japan Cosmetic Ingredients Market
12. Australia Cosmetic Ingredients Market
13. Indonesia Cosmetic Ingredients Market
14. South Korea Cosmetic Ingredients Market
15. Western Europe Cosmetic Ingredients Market
16. UK Cosmetic Ingredients Market
17. Germany Cosmetic Ingredients Market
18. France Cosmetic Ingredients Market
19. Italy Cosmetic Ingredients Market
20. Spain Cosmetic Ingredients Market
21. Eastern Europe Cosmetic Ingredients Market
22. Russia Cosmetic Ingredients Market
23. North America Cosmetic Ingredients Market
24. USA Cosmetic Ingredients Market
25. Canada Cosmetic Ingredients Market
26. South America Cosmetic Ingredients Market
27. Brazil Cosmetic Ingredients Market
28. Middle East Cosmetic Ingredients Market
29. Africa Cosmetic Ingredients Market
30. Cosmetic Ingredients Market Competitive Landscape and Company Profiles
31. Cosmetic Ingredients Market Other Major and Innovative Companies
35. Cosmetic Ingredients Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Cosmetic Ingredients Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cosmetic ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for cosmetic ingredients? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cosmetic ingredients market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Ingredient Type: Synthetic Chemical Ingredients; Natural or Herbal Ingredients; Specialty Ingredients; Oleochemical; Botanical Extract; Rheology Modifier; Preservatives; Emulsifier and Stabilizer; Other Ingredient Types2) By Functionality: Cleansing Agents and Foamers; Aroma; Moisturizing; Specialty; Other Functionalities
3) By Application: Skin Care; Oral Care; Hair Care; Make-Up; Fragrance; Other Applications
Subsegments:
1) By Synthetic Chemical Ingredients: Emollients; Surfactants; Synthetic Fragrances2) By Natural or Herbal Ingredients: Essential Oils; Plant Oils; Natural Extracts
3) By Specialty Ingredients: Peptides; Hyaluronic Acid; Anti-aging Agents
4) By Oleochemical: Fatty Acids; Glycerin; Fatty Alcohols
5) By Botanical Extract: Flower Extracts; Leaf Extracts; Root Extracts
6) By Rheology Modifier: Thickeners; Gelling Agents; Stabilizers
7) By Preservatives: Parabens; Organic Acids; Antioxidants
8) By Emulsifier and Stabilizer: Anionic Emulsifiers; Cationic Emulsifiers; Non-ionic Emulsifiers
10) By Other Ingredient Types: Colorants; Fragrance Modifiers; Sun Protection Agents
Key Companies Mentioned: BASF SE; Unilever; the Dow Chemical Company; L'Oréal International; Evonik Industries AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- BASF SE
- Unilever
- The Dow Chemical Company
- L'Oréal International
- Evonik Industries AG
- Solvay S.A.
- The Estée Lauder Companies Inc.
- DuPont
- International Flavors & Fragrances Inc.
- Kao Chemicals
- Eastman Chemical Company
- DSM
- Wacker Chemie AG
- Givaudan
- Lonza Group Ltd.
- Clariant AG
- KCC Corporation
- Symrise
- Croda International PLC.
- Ashland Inc.
- P2 Science Inc.
- Spira Inc.
- Naturbeads Ltd.
- Allozymes
- Ardra Bio
- Firmenich
- Protameen Chemicals
- Lipoid Kosmetik
- Ecogreen Oleochemicals
- Aqia
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 33.63 Billion |
| Forecasted Market Value ( USD | $ 43.79 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
