Personal Care Ingredients Market Will Be Worth of Us$11.76 Bn in 2023, Expanding at a Cagr of 5.2% by 2023

Transparency Market

Research

Personal Care Ingredients Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2023

Published Date

27-Dec-2015

185 Page Report

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Press Release

China and Europe Host Massive Demand for Personal Care

Products, Spur Personal Care Ingredients Manufacture,

reports TMR

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Personal Care Ingredients Market

REPORT DESCRIPTION

Personal Care Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2023

BASF SE, Evonik, and Akzo Nobel N.V. were the leading manufacturers of personal care ingredients in 2014,

racking up a collective share of 24.4% in market value. Their lead in this highly fragmented market allows them

to take up a larger part of the value chain from a global perspective.

According to a new publication released by Transparency Market Research, the competition in the global

market for personal care ingredients is expected to remain intense over the coming years, owing to its

fragmented nature. The multinational companies have a strong hold over the regions they operate in, creating

a chain based on long-term contracts and goodwill.

The threat posed by new entrants to personal care ingredients is expected to remain high till 2023, due to the

greater number of investors that this market’s growth rate will attract. The high demand will also create a

greater concentration of regional players over time.

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The global market for personal care ingredients is projected at a CAGR of 5.2% within a forecast period from

2015 to 2023, in terms of revenue. This market is expected to reach US$8.19 bn by the end of 2016 and

US$11.76 bn by 2023.

APAC Demand for Skin Care Products...