Consumer interest in environment-friendly and sustainably produced ingredients in cosmetic and personal care products

 

Several harmful chemicals are still being used as ingredients in makeup products. These chemicals may have an adverse effect on human health and can increase the risks of health hazards when several makeup products are used together. A combination of increased public interest and market trends in the cosmetics industry has led cosmetics manufacturers to seek more natural and sustainable cosmetic emulsifiers. The demand for organic pigments, which are environment-friendly and are manufactured using sustainable technologies, is increasing rapidly. Manufacturing companies are investing to venture into the green market and are following sustainable technologies. The growing demand for cosmetic pigments that are manufactured using natural ingredients and organically produced from renewable raw materials is proving an opportunity for the cosmetic pigments market players.

The market size of cosmetic pigments is estimated at USD 645 million in 2021 and is projected to reach USD 960 million by 2026, growing at a CAGR of 8.3%. The global cosmetic pigments market is driven by the growing demand from color cosmetics and personal care applications. Increased need for product differentiation and growing awareness about the improved appearance of products are boosting the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179525453

Recent Developments:

• In October 2019, Merck expanded its pigment production facility situated in Gernsheim, Germany. The company is increasing the production capacity of silicon dioxide flakes, which is a special substrate for the complete range of unique effect pigments. These pigments offer a unique color shift depending on the angle of observation and help cosmetic and coating manufacturers to create eye-catching formulations.
• In February 2019, Sun Chemical introduced its new SpectraFlex illusion pigments for soft-focus effects. SpectraFlex Illusion soft-focus effect pigments are used in daily wear makeup primers to help optically blur fine lines and other imperfections. This launch helped the company in strengthening its product offering for personal care applications, such as face powders, body powders, foundation, and other skin care applications.

Asia Pacific is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make Asia Pacific the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. Asia Pacific is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.

The key players in the cosmetic pigments market include Sun Chemical (US), Sensient Cosmetic Technologies (France), Merck (Germany), ECKART (UK), Sudarshan (India), Kobo Products (US), Clariant (Switzerland), and Geotech (Netherlands). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=179525453

The European region is expected to be the largest market for aroma ingredients

The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market.

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113835443

Some of the key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Browse 64 market data Tables and 41 Figures spread through 110 Pages and in-depth TOC on “Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023”
https://www.marketsandmarkets.com/Market-Reports/aroma-ingredient-market-113835443.html

The expansions & acquisitions strategy was adopted by leading players to strengthen their positions in the Aroma Ingredients Market

The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The expansions, acquisitions, new product launches, and agreements strategies were adopted by key players to strengthen their positions in the aroma ingredients market.

The key players operating in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Givaudan is a leading manufacturer of aroma ingredients across the globe. The company produces various fragrance ingredients mainly used in fine fragrance and beauty care applications. In December 2017, the company opened a new delivery center in Kuala Lumpur, Malaysia. The new center is expected to help the company cater to the growing demand for flavors and fragrances in the APAC region. Moreover, Givaudan in October 2017, opened a new fragrance creative center in Mexico City, Mexico. The new center is expected to help the company support business growth in the North American region.

To know about the assumptions considered for the study download the pdf brochure

Firmenich SA is another leading manufacturer of aroma ingredients. The company operates in Americas, APAC, Europe, and Africa. The company has adopted the expansions, acquisitions, and new product launches growth strategies. In September 2017, the company opened a new facility in Barcelona, Spain, which features high-tech laboratories for perfumes and flavors. The expansion has helped the company strengthen its footprints in Spain. In July 2017, the company acquired Agilex Fragrances (US), a fragrance manufacturing company. The acquisition helped the company strengthen its market position in North America.

IFF (International Flavors & Fragrances Inc.) primarily produces and distributes flavors & fragrances for products, such as fine fragrances, cosmetics, detergents, household goods, food, and beverages. IFF focuses on its core business line of flavors and fragrances, and expanding its business through expansions, acquisitions, and new product launches. In October 2017, the company opened a fragrance ingredients plant in China. The expansion helped the company strengthen its presence in the country.

Additionally, in July 2015, the company launched Amber Xtreme, a fragrance ingredient for consumer products, such as fine fragrances, beauty care, fabric care, and household cleaners. The new product launch has helped the company strengthen its fragrance product portfolio.

Related Reports:

Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023