Emollients & Oils for Personal Care and Cosmetic Market 2031
Emollients & Oils for Personal Care and Cosmetic Market 2031
Segments - Emollients & Oils for Personal Care and Cosmetics Market by Application (Deodorant, Skin Care, Sun Care, Hair Care, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-5691
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Report Description
Emollients & Oils for Personal Care and Cosmetics Market Outlook 2031
Emollients & oils for personal care and cosmetics market estimated to be valued USD 5.7 billion in 2022 and poised to grow at significant CAGR of 5.8% from 2023-2029. The market growth is attributed to the beneficial characteristics of the oils & emollients used in personal care and cosmetic products.
Rising awareness for personality enhancement and increasing disposable income are expected to drive the emollients & oils for the personal care and cosmetics market. People focus on personality and physical appearance as it gives a slight boost to their confidence, thus a large number of people across the world are focusing on using better skincare and cosmetics. This further gives new opportunities to the cosmetic, skincare, and personal care brands to manufacture quality products, which in turn boosts the demand for emollients and oils.
Additionally, due to the beneficial properties of these ingredients for the skin, there is an increase in their demand in the cosmetic and personal care industry. The increasing popularity of online shopping among people across different regions for convenient shopping, assorted product range availability, easy buying process, and returns are driving the emollients & oils for the personal care and cosmetics market. For instance,
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According to a report published on July 13, 2023, the total expected revenue generation by global online sales for personal care and cosmetics by 2027 is around USD 212 billion. This gives immense sales growth opportunities for the leading players present in the market.
The market report finds that the COVID-19 pandemic moderately affected the global emollients & oils for the personal care and cosmetics market, as the supply chain management was affected, due to the imposition of country-wise lockdowns, to curb the virus spread. Furthermore, the pandemic resulted in delayed investments and market uncertainty, which in turn impeded market growth.
Impact of Artificial Intelligence on Emollients & Oils for Personal Care and Cosmetics Market
The surging adoption of artificial intelligence in the formulation and product manufacturing of personalized cosmetics and personal care products is fueling the market growth in the coming years. AI enables cosmetic brands, to offer personalized recommendations, customized cosmetic products, and tailored skincare routines. It helps beauty brands to understand individual skin types, preferences, and concerns. For instance,
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On February 17, 2022, BASF Personal Care and Nutrition GmbH introduced Emollient Maestro, an AI-integrated model that calculates accurate emollient mixes per customer requirements. The model aims to produce sustainable cosmetics and promote the Clean Beauty movement for more eco-friendly cosmetic & personal care items.
Emollients & Oils for Personal Care and Cosmetics Market Dynamics
Major Drivers
Rising awareness about the benefits of combining natural emollients & oils in the skincare industry is propelling the market growth. Different combinations and R&D offer benefits such as high moisturizing properties, even skin tone, and others.
It makes skin softer and keeps it hydrated for a longer time, and it slows down skin aging. Moreover, rising disposable income and GDP are facilitating people to choose beauty and personal care products with infused emollients and oils.
Existing Restraints
Increasing popularity of different beauty treatments for specific targeted conditions other than hydration and moisturization is expected to restrain the market. In addition, the side effects of using cosmetics lead to changes in customer’s buying behavior, which is likely to hamper the market growth. These factors affect the demand for oil and emollient-infused products, which in turn impede market growth.
Emerging Opportunities
Rising focus on the production of organic and chemical-free cosmetic and personal care products is anticipated to create lucrative opportunities in the market. Organic personal care products are widely accepted by several people across the world; thus, market players focus on producing natural and multifunctional products to attract a large customer base, which profits the market revenue. For instance,
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On 21 September 2022, BASF Personal Care and Nutrition GmbH announced a partnership with RiKarbon, Inc. to derive emollients from bio-waste and organic matter. The partnership aims to leverage BASF’s customer access to personal care products and increase RiKarbon’s manufacturing capabilities and technology.
Scope of Emollients & Oils for Personal Care and Cosmetics Market Report
The report includes an assessment of trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Emollients & Oils for Personal Care and Cosmetics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Application (Deodorant, Skin Care, Sun Care, Hair Care, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BASF SE; The Lubrizol Corporation; Evonik Industries AG; Vantage Specialty Chemicals; Sonneborn LLC; Stephenson; Innospec; Hallstar; Berg + Schmidt GmbH & Co. KG; and Croda International Plc |
Emollients & Oils for Personal Care and Cosmetics Market Segment Insights
Application Segment Analysis
Based on application, the emollients & oils for personal care and cosmetics market are divided into deodorant, skin care, sun care, hair care, and others.
The skin care segment is expected to expand at a major growth rate during the projection period, due to the rising popularity of measures to maintain beauty and wellness across the world, which increases the demand for beauty and personal care products. Moreover, the rising demand for skin-friendly ingredients in skin care products increases the demand for emollients and oils, which in turn propels the segment.
The deodorant segment is anticipated to account for a significant market share during the forecast period, attributed to the rising demand for a high standard of living among developing nations. Increasing demand for oil-based and non-drying agents is further projected to increase the sales of oil and emollient-based deodorants, which is further likely to boost the segment.
Regional Analysis
In terms of region, the global emollients & oils for personal care and cosmetics market are classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the easy availability of multi-brand products across different distribution channels such as online sites and offline shops.
Additionally, accessibility to an assorted range of product categories gives a variety of options and attracts a large pool of customers. Moreover, rising disposable income and feasible economic conditions in the region are propelling the market.
The market in Europe is anticipated to expand at a rapid pace during the forecast period, due to the evolving product manufacturing base in the countries including the UK, Germany, and France. The growing focus on producing natural ingredients-based personal care and cosmetic products among the regional market players is further anticipated to boost market revenue, which in turn fuels the market in the region. For instance,
- As per a report published on July 13, 2023, there were around 527 thousand emollient bath & shower and personal care products sold in England, in 2022. This implies that such growth in sales helps the market generate a significant amount of revenue during the forecast period.
Segments
The emollients & oils for personal care and cosmetics market has been segmented on the basis of
Application
- Deodorant
- Skin Care
- Sun Care
- Hair Care
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- BASF SE
- The Lubrizol Corporation
- Evonik Industries AG
- Vantage Specialty Chemicals
- Sonneborn LLC
- Stephenson
- Innospec
- Hallstar
- Berg + Schmidt GmbH & Co. KG
- Croda International Plc
Competitive Landscape
Key players operating in the global emollients & oils for personal care and cosmetics market include BASF SE; The Lubrizol Corporation; Evonik Industries AG; Vantage Specialty Chemicals; Sonneborn LLC; Stephenson; Innospec; Hallstar; Berg + Schmidt GmbH & Co. KG; and Croda International Plc
Several companies are implementing market expansion & growth strategies such as divestitures, partnerships, acquisitions, R&D investments, mergers, collaboration, and product launches to boost their market share. For instance,
- On June 9, 2022, Evonik Industries AG, announced the expansion production capacity of its enzymatic esterified emollient, namely TEGOSOFT MM MB to Shanghai. The production expansion aims to serve emollients to the emerging personal care market in the Asia Pacific region.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Emollients & Oils for Personal Care and Cosmetics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Emollients & Oils for Personal Care and Cosmetics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Emollients & Oils for Personal Care and Cosmetics Market - Supply Chain
4.5. Global Emollients & Oils for Personal Care and Cosmetics Market Forecast
4.5.1. Emollients & Oils for Personal Care and Cosmetics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Emollients & Oils for Personal Care and Cosmetics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Emollients & Oils for Personal Care and Cosmetics Market Absolute $ Opportunity
5. Global Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
5.3.1. Deodorant
5.3.2. Skin Care
5.3.3. Sun Care
5.3.4. Hair Care
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
7. North America Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
7.4.1. Deodorant
7.4.2. Skin Care
7.4.3. Sun Care
7.4.4. Hair Care
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
8. Latin America Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
8.4.1. Deodorant
8.4.2. Skin Care
8.4.3. Sun Care
8.4.4. Hair Care
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
9. Europe Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
9.4.1. Deodorant
9.4.2. Skin Care
9.4.3. Sun Care
9.4.4. Hair Care
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
10. Asia Pacific Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
10.4.1. Deodorant
10.4.2. Skin Care
10.4.3. Sun Care
10.4.4. Hair Care
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
11. Middle East & Africa Emollients & Oils for Personal Care and Cosmetics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Emollients & Oils for Personal Care and Cosmetics Market Size and Volume Forecast by Applications
11.4.1. Deodorant
11.4.2. Skin Care
11.4.3. Sun Care
11.4.4. Hair Care
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Emollients & Oils for Personal Care and Cosmetics Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Emollients & Oils for Personal Care and Cosmetics Market: Market Share Analysis
12.2. Emollients & Oils for Personal Care and Cosmetics Distributors and Customers
12.3. Emollients & Oils for Personal Care and Cosmetics Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. BASF SE
12.4.2. The Lubrizol Corporation
12.4.3. Evonik Industries AG
12.4.4. Vantage Specialty Chemicals
12.4.5. Sonneborn LLC
12.4.6. Stephenson
12.4.7. Innospec
12.4.8. Hallstar
12.4.9. Berg + Schmidt GmbH & Co. KG
12.4.10. Croda International Plc
Methodology
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