Growing demand for bio-based, sunscreens, and anti-aging products, as well as increased knowledge of the benefits of skin-friendly products in the personal care sector, are expected to fuel the global beauty and personal care surfactants market
Covid-19 Impact & Market Status
COVID-19 has the potential to impact the global economy in three ways: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on enterprises and financial markets.
Covid-19 outbreak has been affecting multiple businesses and industries leading to interrupted travel, lockdown, social distancing and the like. These have restricted normal functioning of the businesses and resulted in supply chain anomalies, lack of business co-ordination across vendors and the like.
Nonionic Product Segment is accounted for Highest Revenue during the Prediction Period
The capacity of the product to dissolve the poorly soluble chemicals drives the sector. This allows it to achieve a sizable market share in the beauty, skin, and personal care categories. Furthermore, in the near future, a surge in demand for waterless goods such as cleansers and face wash is expected to fuel development. Emami Ltd., for example, developed a waterless face cleanser called HE on the Go in the advanced grooming category in April 2017.
Skincare Application Segment is Likely to Register Highest Revenue during the Forecast Period
In 2018, the skincare application had the biggest market share of 54.99 percent. The retail industry's rising penetration, particularly in developing nations like China and India, is driving this area. The market's expansion may also be ascribed to an increase in demand for anti-aging products among the middle-aged population. Furthermore, increased consumer awareness and evolving beauty trends boost growth.
Asia-Pacific Region to Dominate the Market during the Predicted Period
Asia Pacific had the greatest market share in terms of value in 2018. The rising demand for beauty and personal care surfactants is expected to be boosted by the expansion of application industries such as hair and care products due to the expanding elderly population.
The growth is expected to be driven by rising demand for anti-aging goods, as well as an increase in the working population and disposable money in personal care applications. Between 2001 and 2016, China's disposable personal income climbed at a 15% annual pace.
The use of surfactants in beauty care is predicted to grow in response to rising buying power and a demand for effective beauty products.
The rising demand for various waterless products such as face wash and cleansers, as well as the rising living standards among the working and upper-class population and the rise in product innovations by key market players such as the use of bio-based ingredients, are among the major factors driving the beauty and personal care surfactants market.
Surfactants are chemicals that function to stabilize oil-in-water mixtures by lowering surface tension at the interface between water and oil molecules. It's an important element in a variety of home, personal, and cosmetic care products.
Personal and cosmetic care goods are mostly consumed by young individuals. They are also prepared to spend a lot of money on high-quality skincare. Furthermore, corporations such as Proctor & Gamble, Unilever, Johnson & Johnson, L’Oreal SA, Estee Lauder Companies Inc., and Avon Products Inc. are likely to benefit from their extensive distribution networks.
The global beauty and personal care surfactants market is projected to be around USD 13 billion by 2027, at a CAGR of 7% during the prediction period.
Furthermore, in the projected period, a new variety of personal care products for hair and healthy skin solutions with mild surfactants and natural conditioning components will generate new chances for the beauty and personal care surfactants market. However, among other factors acting as barriers, the adoption of severe regulations by government agencies and volatility in raw material costs are the primary factors that would further challenge the growth of the beauty and personal care surfactants market during the forecast period.
Moreover, technological advances and increasing investment by leading players in the target industry are expected to propel the worldwide beauty and personal care surfactants market forward throughout the forecast period. Increased end-use applications are another important aspect driving the target industry's growth.
The increasing popularity of e-commerce platforms, as well as the growing impact of digital media on consumers, are predicted to boost demand for personal care items. Furthermore, the industry is expected to rise due to higher purchasing power and greater product awareness among consumers. Furthermore, rising desire for anti-aging remedies, particularly among Generation X, is likely to drive up demand for the product.
The global beauty and personal care surfactants industry is very competitive and is anticipated to become even more so in the future years. However, the growing number of competitors is expected to boost overall market growth over the projection period. Akzo Nobel, BASF, Evonik Industries, Croda International, Rhodia, Kao Corporation, Clariant, and Stepan Company are some of the key competitors operating in the global beauty and personal care surfactants market.
Latest Innovations in the Global Beauty and Personal Care Surfactants Market: a Snapshot
- In year 2021 Croda International Plc, the company that uses smart science to create high performance ingredients and technologies that improve lives, has expanded its presence at Sci-Tech Daresbury in line with plans to scale up its biotechnology capability.
- In 2021, Croda expands its high purity pharmaceutical excipients manufacturing capability.
This market research study was created by compiling data from primary and secondary sources. Secondary research was conducted using a variety of sources, including (but not limited to) SEC filings, company websites, technical journals, paid data sources, financial reports, and other industry publications. In addition, to acquire first-hand data, the research methodologies perform comprehensive primary research with important industry players. Industry specialists then examine and validate the data.
Beauty and Personal Care Surfactants Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 13 billion|
|Growth Rate||CAGR of 7% during 2021-2028|
|Segment Covered||Product, Application, Region|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Akzo Nobel, BASF, Evonik Industries, Croda International, Rhodia, Kao Corporation, Clariant, and Stepan Company|
Key Segments of the Global Beauty and Personal Care Surfactants Market
Product Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Skin Care
- Hair Care
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa