Bio Based Cosmetics and Personal Care Ingredients Market Size, Share, Growth, Research and Forecast 2019-2029

The competitive landscape of the bio-based cosmetics and personal care ingredients market consists of different strategies undertaken by major players across the entire value chain to gain market presence. Some of the strategies adopted by bio-based cosmetics and personal care ingredients manufacturers are mergers and acquisitions, business expansions, and new product launches. Among all the strategies adopted, product launches and business expansions have dominated the competitive landscape between 2017 and 2019.

Most of the bio-based cosmetics and personal care ingredients manufacturers are of similar financial capability, and the industry landscape is very competitive because of the large number of players in the market. Innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, manufacturers are expanding their businesses and are also entering into strategic partnerships to target a greater audience.

The global bio-based cosmetics and personal care ingredients market is expected to grow at a significant rate during the forecast period, 2019-2029. The growing awareness regarding the harmful effects of synthetic ingredients used in cosmetic products has led to the surging demand for bio-based cosmetics and personal care ingredients.

Before venturing into a forthcoming market, it is important for a firm to consider certain factors that ultimately go a long way in ensuring the fulfilment of the company’s endeavor to establish itself as a strong player in the market. Henceforth, this chapter of the report provides an in-depth understanding of the direction in which the market is heading and the impacts of various factors on it. This segment considers factors such as market drivers, market restraints, and market opportunities listing and analyzing several factors that positively and negatively affect the same.

With the increase in awareness regarding the harmful effects posed by synthetic chemicals, consumers are now abstaining from using chemical infused products. In many instances, it has been found that toxic chemicals are being used in low-quality products, hence causing life-threatening problems in some cases. This led to an increase in awareness among consumers across the globe, resulting in an increase in the demand for natural products.

The organic and bio-based beauty boom is part of the recent shift in consumer awareness about wellness, health, and the environment. In addition, due to a growing number of social media influencers and beauty blogs, awareness and easy availability of information regarding the toxin-free ingredients has significantly risen. This is pushing the growth of the adoption of bio-based cosmetics and personal care ingredients market globally.

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Cosmetics are those products which are intended to cleanse, protect, and enhance the appearance of an individual’s external body. These can be made up of bio-based ingredients as well as artificial ones (prepared synthetically from chemicals). Although the chemical-based/artificial cosmetics pose great threats such as cancer to human health, the demand for bio-based cosmetic ingredients is increasing rapidly. This is majorly due to the rising consumer awareness, improved standard of living, and increasing health consciousness. These factors are driving the market of bio-based cosmetics and personal care ingredients with a greater push on a global level. The following chapter covers the different functions of bio-based cosmetics and personal care ingredients based on their functions. The ingredients have been classified on the basis of their functions into emollients, conditioning polymers, surfactants, emulsifiers, rheology control, antimicrobials, and others (UV absorbers, hair fixative polymers).

The bio-based cosmetics and personal care ingredients are subdivided into various segments, primarily on the basis of their applications in cosmetic products and functionality. The key application areas of these ingredients include skin and sun care, hair care, make-up and color cosmetics, fragrances, and others. The adoption of bio-based ingredients for skin and sun care cosmetic products has witnessed a significantly high rate due to the increasing awareness among global consumers and benefits provided by these ingredients. Next to skin and sun care products, there is an increasing adoption of bio-based cosmetic ingredients for hair care cosmetics. The make-up and color cosmetics are also experiencing high demands in the bio-based cosmetics and personal care ingredients market.