Personal care chemicals market size is set to grow by USD 28.28 billion from 2021 to 2026, Significant growth in skin care segment

NEW YORK, April 4, 2023 /PRNewswire/ — The global personal care chemicals market size is estimated to grow by USD 28.28 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 4.23% during the forecast period. Moreover, the growth momentum will accelerate. Technavio has segmented the market based on product (skin care, hair care, cosmetics, fragrances, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). For more insights on the forecast market size (2022 to 2026) – Request a sample report

Personal care chemicals market – Segmentation assessment
Segment overview

• The skin care segment will account for a significant share of the market growth during the forecast period. Skin care products include serums, toners, and others. These products cleanse and protect the skin from external factors. Chemicals such as emulsifiers, emollients, opacifiers, and softeners are used in skin care products. These chemicals have a wide range of applications in the personal care industry. Therefore, the increasing use of skin care products will drive the growth of this segment during the forecast period.

Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal care chemicals market.

• APAC will account for 44% of the market’s growth during the forecast period. China and Japan are the key contributors to the personal care chemicals market in the region. Moreover, market growth in APAC will be faster than the growth of the market in North America and South America. The increasing consumption of cosmetic products by millennials will drive the personal care chemicals market growth in the region during the forecast period.

Insights on the market contribution of various segments, including country- and region-wise data and forecast market size (2022 to 2026) – Download a sample report

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Personal care chemicals market – Market dynamics
Key factor driving market growth

• The growth in e-commerce sales of personal care products is driving market growth.
• The preference for online shopping has increased due to the busy lifestyles of consumers.
• E-commerce platforms are convenient to use. They also offer products at lower prices when compared to physical stores owing to the reduction in overhead costs.
• Many global and regional vendors sell personal care products through e-retailing websites to promote their brands.
• These factors will fuel the personal care chemicals market growth during the forecast period.

Leading trends influencing the market 

• The growing demand for male personal care products is a key trend in the market.
• The male grooming products market is lucrative, and personal care products are popular in this market.
• Men use grooming products as a part of their daily grooming routine, which has increased the popularity of male grooming products.
• Hence, brands are targeting male customers to sell their personal care products.
• This helps them gain an edge over their competitors and address the changing consumer demand.
• Such initiatives will support the personal care chemicals market growth during the forecast period.

Major challenges hindering the market growth

• Stringent government regulations are challenging the personal care chemicals market growth.
• Various regulatory agencies have imposed strict regulations on the sale of personal care products.
• For instance, in Europe, importers that import more than a ton of ingredients and chemicals for personal care products need to register with the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH).
• Such regulations act as an entry barrier for potential vendors and pose a threat to existing market players.
• These factors, in turn, may hamper the growth of the market during the forecast period.

Insights on market drivers, trends, and challenges and forecast period (2022 to 2026) – Request a sample report!

What are the key data covered in this personal care chemicals market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the personal care chemicals market between 2022 and 2026
• Precise estimation of the size of the personal care chemicals market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the personal care chemicals market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of personal care chemicals market vendors

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The size of the personal care market for men is projected to grow by USD 18.34 billion with a CAGR of 9.04% during the forecast period 2021 to 2026. The market is segmented by product (skin care, fragrances, color cosmetics, hair color, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The growth in e-commerce sales of personal care products is notably driving the personal care chemicals market growth, although factors such as stringent government regulations may impede the market growth.

The personal care market is projected to grow by USD 169.7 billion with an estimated CAGR of 6.4% between 2022 and 2027. The market is segmented by distribution channels (offline and online), product (skincare products, hair care products, color cosmetics, oral care products, and others), and by geography (APAC, Europe, North America, Middle East and Africa, and South America). The influence of social media is a notable trend in the market, although factors such as the high cost of natural and organic personal care products may impede market growth.

Browse for Technavio Consumer Staples market reports

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis – Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product – Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Skin care – Market size and forecast 2021-2026
• Exhibit 28: Chart on Skin care – Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Skin care – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Skin care – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Skin care – Year-over-year growth 2021-2026 (%)

• 5.4 Hair care – Market size and forecast 2021-2026
• Exhibit 32: Chart on Hair care – Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Hair care – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Hair care – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Hair care – Year-over-year growth 2021-2026 (%)

• 5.5 Cosmetics – Market size and forecast 2021-2026
• Exhibit 36: Chart on Cosmetics – Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Cosmetics – Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Cosmetics – Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Cosmetics – Year-over-year growth 2021-2026 (%)

• 5.6 Fragrances – Market size and forecast 2021-2026
• Exhibit 40: Chart on Fragrances – Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Fragrances – Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Fragrances – Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Fragrances – Year-over-year growth 2021-2026 (%)

• 5.7 Others – Market size and forecast 2021-2026
• Exhibit 44: Chart on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Product 
• Exhibit 48: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC – Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026
• Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 North America – Market size and forecast 2021-2026
• Exhibit 62: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 66: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 70: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 US – Market size and forecast 2021-2026
• Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.9 China – Market size and forecast 2021-2026
• Exhibit 78: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.10 Japan – Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 7.11 Germany – Market size and forecast 2021-2026
• Exhibit 86: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.12 UK – Market size and forecast 2021-2026
• Exhibit 90: Chart on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

• 9.2 Vendor landscape 
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Ashland Global Holdings Inc. 
• Exhibit 101: Ashland Global Holdings Inc. – Overview
• Exhibit 102: Ashland Global Holdings Inc. – Business segments
• Exhibit 103: Ashland Global Holdings Inc. – Key news
• Exhibit 104: Ashland Global Holdings Inc. – Key offerings
• Exhibit 105: Ashland Global Holdings Inc. – Segment focus

• 10.4 BASF SE 
• Exhibit 106: BASF SE – Overview
• Exhibit 107: BASF SE – Business segments
• Exhibit 108: BASF SE – Key news
• Exhibit 109: BASF SE – Key offerings
• Exhibit 110: BASF SE – Segment focus

• 10.5 Clariant International Ltd. 
• Exhibit 111: Clariant International Ltd. – Overview
• Exhibit 112: Clariant International Ltd. – Business segments
• Exhibit 113: Clariant International Ltd. – Key news
• Exhibit 114: Clariant International Ltd. – Key offerings
• Exhibit 115: Clariant International Ltd. – Segment focus

• 10.6 Croda International Plc 
• Exhibit 116: Croda International Plc – Overview
• Exhibit 117: Croda International Plc – Business segments
• Exhibit 118: Croda International Plc – Key offerings
• Exhibit 119: Croda International Plc – Segment focus

• 10.7 Lonza Group Ltd. 
• Exhibit 120: Lonza Group Ltd. – Overview
• Exhibit 121: Lonza Group Ltd. – Business segments
• Exhibit 122: Lonza Group Ltd. – Key offerings
• Exhibit 123: Lonza Group Ltd. – Segment focus

• 10.8 Nouryon Chemicals Holding BV 
• Exhibit 124: Nouryon Chemicals Holding BV – Overview
• Exhibit 125: Nouryon Chemicals Holding BV – Business segments
• Exhibit 126: Nouryon Chemicals Holding BV – Key news
• Exhibit 127: Nouryon Chemicals Holding BV – Key offerings
• Exhibit 128: Nouryon Chemicals Holding BV – Segment focus

• 10.9 RAG-Stiftung 
• Exhibit 129: RAG-Stiftung – Overview
• Exhibit 130: RAG-Stiftung – Product / Service
• Exhibit 131: RAG-Stiftung – Key offerings

• 10.10 Solvay SA 
• Exhibit 132: Solvay SA – Overview
• Exhibit 133: Solvay SA – Business segments
• Exhibit 134: Solvay SA – Key news
• Exhibit 135: Solvay SA – Key offerings
• Exhibit 136: Solvay SA – Segment focus

• 10.11 The Dow Chemical Co. 
• Exhibit 137: The Dow Chemical Co. – Overview
• Exhibit 138: The Dow Chemical Co. – Business segments
• Exhibit 139: The Dow Chemical Co. – Key news
• Exhibit 140: The Dow Chemical Co. – Key offerings
• Exhibit 141: The Dow Chemical Co. – Segment focus

• 10.12 Wacker Chemie AG 
• Exhibit 142: Wacker Chemie AG – Overview
• Exhibit 143: Wacker Chemie AG – Business segments
• Exhibit 144: Wacker Chemie AG – Key offerings
• Exhibit 145: Wacker Chemie AG – Segment focus

11 Appendix

• 11.2 Inclusions and exclusions checklist 
• Exhibit 146: Inclusions checklist
• Exhibit 147: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 148: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 149: Research methodology
• Exhibit 150: Validation techniques employed for market sizing
• Exhibit 151: Information sources

• 11.5 List of abbreviations 
• Exhibit 152: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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