Europe Personal Care Ingredients Market size was around USD 3.12 billion in 2022. It is expected to grow at a CAGR of 3.7% to reach USD 4.14 billion by 2028.
There has been a huge rise in the demand for anti-aging products as numerous countries are expanding in terms of population density and economic standing, thereby possessing a massive consumer base capable of purchasing personal care and skin care product solutions. However, due to increasing regulations on the usage of synthetic components in the products, manufacturers are focusing on developing personal care products consisting of natural ingredients.
Europe Personal Care Ingredients Market-By Application:
Hair Care
Under this segment, the skincare section is calculable to account for the highest share of the personal care ingredients market during the forecast period. This application is projected to drive the market from 2022 - to 2027 due to the rise in consumer spending in developing nations such as India, China, Brazil, and the Republic of South Africa, among others.
Europe Personal Care Ingredients Market – By Ingredient:
The emollient segment dominated the personal care ingredients market due to its extensive usage in antiperspirants, deodorants, soaps, skin creams, face cleansers, face creams, hair shampoos, and hair conditioners, among others. The demand is especially fuelled because of the soothing feeling emollients give to the skin.
Geographical Analysis:
There is a growing demand for multifunctional ingredients in skincare products (anti-aging and anti-acne creams) for the mounting aging population in this region and is a major growth prospect for the market.
Major Key Players In Europe Personal Care Ingredients Market:
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