26-Aug-2019: The global emollients
& oils for personal care and cosmetics market size is
expected to reach USD 1.54 billion by 2025, according to a report by Grand View
Research, Inc. It is projected to expand at a CAGR of 6.1% during the forecast
period. This growth is attributed to the rapid emergence of new cosmetic
brands, emerging economies, and rising adoption of digital technologies.
Shifting focus of
business and distribution relationship for product manufacturers and ingredient
suppliers is towards online sales platforms is challenging the primary sales
channels. This is not only enabling ease in accessibility but is also boosting
the international potential customer base. Thus, the manufacturers are
increasingly focusing on digital engagement to boost the sales of cosmetics and
personal care products.
Emollients and oils
manufacturers are strengthening their presence across the emerging economies
owing to a strong potential of growth across Asia and Middle East and Africa.
These developing geographies are depicting as the source of innovation and are
modernizing the personal care industry with increasing investments from major
market players.
The developed
regions account for a majority of share of the emollients and oils for personal
care and cosmetics market owing to the presence of a large number of
manufacturers and high product consumption on account of premium spending
capacity.
In
depth research report on Emollients & Oils for Personal Care and Cosmetics
Market
Further key findings from the report suggest:
·
The skin care application is expected to hold a major market
share in terms of volume whereas the deodorant application segment is expected
to register the highest growth rate in terms of revenue during the forecast
period
·
In 2017, Europe was the largest consumer of emollients and
oils for personal care and cosmetics market
·
Asia Pacific is expected to generate revenue around USD 450
million by 2025 owing to increasing manufacturing base across the region
·
Some of the key market players are The Lubrizol Corporation;
Evonik Industries AG; Innospec, Inc.; BASF SE; and Stephenson Group Limited.
Grand View Research
has segmented the global emollients and oils for personal care and cosmetics
market on the basis of application and region:
Emollients & Oils for Personal Care & Cosmetics
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
Sun care
·
Deodorants
·
Skin care
·
Hair care
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. in the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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