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Organic Face Care Ingredients Market Overview:
The Global Organic Face Care Ingredients Market is estimated to expand at a CAGR of 4.85% during the period from 2019 to 2024 to reach a valuation of the USD 1,650.5 million till the end of 2024. Face care ingredients are used for manufacturing face care products which can be chemically derived or natural ingredients. The products based on organic products or organically derived ingredients are categorized under organic face care ingredients. The ingredients such as emollients, surfactants, sugar polymers, and preservatives are used generally during the production of organic face care ingredients.
The rising trend of the chemical-free or herbal skin care products is augmenting demand for organic face care products and in turn organic face care ingredients. In addition to this owing to huge demand, the companies in the market are likely to focus on the new product development and investment for research and development. The inclination toward organic products and support from the regulatory norms for promotion of using safer ingredients is boosting the organic care ingredients market. Additionally, the presence of a framework for usage of preservatives in cosmetics including the EU Cosmetics Directive 76/768/EEC, supports the use of advanced technologies are also supporting the growth of the market. Further, the technological innovations and usage of oligopeptides for enhancing the shelf life of the cosmetic products, which is estimated to benefit the growth of the global organic face care ingredients market.
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The desire of looking young is anticipated to boost demand from anti-aging creams and cosmetics and in turn propels the market growth. The possible risks of the harmful effects of synthetic ingredients are encouraging the adoption of organic products and cosmetics. This is one of the key players in the global organic face care ingredients market.
Industry News:
Sin September 2019, Eminence Organic Skin Care, one of the key players in the organic face care ingredients market launched a new series of organic face care product line which braces the restorative powers of birch water, snow mushroom, and reishi mushrooms.
In May 2019, Lush Cosmetics, have expanded their business across Australia by launching cleansing balms and face oils.
Segmentation:
The organic face care ingredients market is segmented based on product type, application, and region.
In terms of product type, the global organic face care ingredients market is categorized into surfactants, active ingredients, preservatives, emollients, sugar polymers, and others.
Based on the application, the market is segmented into cleansing wipes, face wash, anti-aging creams, skin-whitening creams, and others.
Regional Analysis:
Regionally, the organic face care ingredients market is segmented into North America, Asia-Pacific, Europe, and the rest of the world. Among them, Europe dominated the global organic face care ingredients market owing to the large production and consumption of the face care products in the region. Of the region, Germany and France are holding the highest share owing to the largest consumption in the region. North America held around 32% share in 2018 owing to the rising inclination toward the organic face care ingredients.
However, Asia Pacific organic face care ingredients market is estimated to expand at a most lucrative CAGR in the coming years till 2024 owing to rising industrialization leading to increase production facilities in the region. Additionally, increasing the purchasing power of mid-earning people coupled with growing awareness about cleanliness and aesthetics in the region is driving growth of the global organic face care ingredients market.
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Competitive Analysis:
The key players in the global organic face care ingredients market include
Akzo Nobel N.V. (Netherlands)
Clariant AG (Switzerland)
BASF SE (Germany)
The Agrana Group (Austria)
Cargill Incorporated (US)
Evonik Industries AG (Germany)
Croda International PLC (UK)
Ashland Inc. (US)
Lubrizol Corporation (US)
GatteFosse SAS (France)
Solvay S.A. (Belgium)
Galaxy Surfactants Ltd. (India)
Symrise AG (Germany)
Lucas Meyer Cosmetics (US)
SILAB (France)
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