Analysis on Impact of Covid-19- Global Cosmetic Ingredients Market 2020-2024 | Growing Demand for Natural and Organic Cosmetic Ingredients to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Global Cosmetic Ingredients Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The cosmetic ingredients market is expected to grow by USD 9.16 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report

Consumers are increasingly becoming aware of the benefits associated with the use of cosmetics containing natural ingredients. This is encouraging cosmetic companies to offer a wide range of skincare and haircare products containing natural organic ingredients such as coconut, bakuchiol, pumpkin, blue algae, avocado, etc. Several vendors are increasing their R&D efforts to develop more products using natural and organic ingredients and thus expand their product portfolios. Vendors are also using ethically and sustainably sourced ingredients to meet the growing demand for organic and natural cosmetic products. The increasing consumer shift toward the use of natural and organic cosmetics is expected to drive the global cosmetic ingredients market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43454

As per Technavio, the growing prominence of clean labeling in cosmetic formulations will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Cosmetic Ingredients Market: Growing Prominence of Clean Labeling in Cosmetic Formulations

The growing prominence of clean labeling is one of the key trends in the cosmetic ingredients market. With consumers becoming more conscious about the various ingredients in cosmetic products, vendors are increasing the use of natural ingredients to promote clean labeling and formulation transparency in their products. This is further encouraging several vendors to increase investments in R&D activities to develop eco-friendly alternatives to synthetic ingredients. These factors will have a positive influence on the growth of the global cosmetic ingredients market during the forecast period.

“Factors such as the rising emphasis on health and wellness in cosmetic formulations and increasing consolidation in the global cosmetic ingredients market will have a significant impact on the growth of the cosmetic ingredients market during the forecast period,” says a senior analyst at Technavio.

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Cosmetic Ingredients Market: Segmentation Analysis

This market research report segments the cosmetic ingredients market by type (emollients, film-formers, moisturizers; surfactants; single-use additives; carriers, powders, and colorants; and others), application (perfumes and fragrances, hair care and skin care, color cosmetics, and others) and geography (APAC, Europe, North America, South America, and MEA).

The APAC region led the cosmetic ingredients market in 2019, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as rise in per capita income among consumers, increasing demand for organic products, and the availability of a wide range of cosmetics.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Release Summary

The cosmetic ingredients is poised to grow by USD 9.16 bn during 2020-2024, according to Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/