Global Organic Personal Care Ingredients Market: Overview
The global organic personal care ingredients market is prognosticated to depend on the key trend of increasing awareness about personal safety and health to see growth in the coming years. The rising requirement of personal care products could support this trend and encourage manufacturers to introduce new offerings in the market. Increased marketing of organic products is expected to have a positive effect on the sales of organic personal care ingredients. The growth of the market could be steered by swelling investment in research and development. It could also gain strength from cost-effective production of organic products.
Global Organic Personal Care Ingredients Market: Trends
Ingredient processing undergoing technological innovation is anticipated to bode well for the demand in the global organic personal care ingredients market. However, the susceptibility of organic personal care ingredients to harmful bacterial growth could act as a roadblock for market growth in the near future. Organic personal care products do not include phenoxyethanol or other chemical preservatives to increase their shelf life. Organic products are recommended to be consumed within 6-24 months from the manufacturing date. Nonetheless, the inclusion of enhanced plant extracts in personal care products supported with rising research and development expenditure is predicted to benefit the market in terms of demand.
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Global Organic Personal Care Ingredients Market: Market Potential
Ashland, an ingredients supplier, launched SuprastimTM biofunctional to push skin care products with an energy boost and help relieve visible signs of skin fatigue. This new solution represents the next big ingredient trend in the world of organic personal care products – superfruits. The trend is said to have evolved from the food industry where the term ‘superfood’ is quite popular. This is another trend that has its roots in the food industry but is envisaged to influence the beauty products market.
Global Organic Personal Care Ingredients Market: Regional Outlook
In a recent year, North America secured a lion’s share of the global organic personal care ingredients market. It is projected to continue with its dominance on the market for the next few years. The obligation on the part of including natural and organic ingredients in products due to the implementation of the Montreal and Kyoto Protocols in the U.S. and Canada could increase the demand for organic personal care ingredients. Asia Pacific could be another region showing promising growth in the global market. India and China exhibiting strong consumption of cosmetic, hair care, and skin care products are foreseen to up the growth of the regional market.
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Global Organic Personal Care Ingredients Market: Competitive Landscape
The global organic personal care ingredients market includes top players such as Huntsman International LLC, Croda International Plc, The Lubrizol Corporation, BASF SE, and Cargill, Incorporated. The presence of ingredient distributors, manufacturers, and suppliers is prophesied to characterize the market. The attempt of a rising count of small and medium regional companies to take over domestic industry spaces could raise the level competition in the market.
High cost of manufacturing organic personal care ingredients is foretold to challenge players in the global organic personal care ingredients market. Nevertheless, willingness of consumers to spend on organic products, their improving disposable income, and increasing significance of the use of natural, anti-aging ingredients in skin care products could create rewarding market opportunities for players to cash in on.
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