North America Personal Care Ingredients Market

North America Personal Care Ingredients Market Size-(2023-2028):

The North America Personal Care Ingredients Market size was around USD 4.83 billion in 2022. It is expected to grow at a CAGR of 4.7% to reach USD 5.31 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.

Market Segmentation:

North America Personal Care Ingredients Market-By Application:

• Hair Care

• Make-up

• Oral Care

• Skin Care

• Others

North America Personal Care Ingredients Market-By Ingredient:

• Emollients

• Rheology Modifiers

• Surfactants

• Active Ingredients

• Emulsifiers

• Others

Under this Application 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 - 2027 due to the rise in consumer spending in developing nations such as India, China, Brazil, and the Republic of South Africa, among others. By ingredient, the market is segregated into  The emollients 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.

North America Personal Care Ingredients Market Geographical Analysis:

By Geography:

• US

• Canada

North America is the second largest Personal Care Ingredients market after Asia Pacific and this is not expected to change anytime soon. Coming to this region, there is a growing demand for multifunctional ingredients in skin care products (anti-aging and anti-acne creams) for the mounting aging population which is a major growth prospect for the market.

Major Key Players:

• Evonik Industries

• Wacker Chemie AG

• BASF SE

• Dow Corning Corporation

• Croda International Plc

• Ashland Inc

• Clariant

• Akzo Nobel N.V

• Lonza Group Pvt Ltd