Personal Care Ingredients Opportunity Analysis, Vendor Landscape, Growth 2019-2029


Posted March 1, 2021 by bisrsrch

Focus on Function, Application, Comparative Analysis and Country-Level Analysis
 
An increase in health concerns and a significant growth in the green technology concept is leading to the substitution of synthetic products such as aluminum salts, phthalates, parabens, and petrochemical, which are contaminated and harmful to health. In addition, growing popularity of cosmetic products such as skin whitening cream, moisturizing lotions, facial wipes, sunscreen lotion, and deodorants is expected to create growth opportunity for bio-based cosmetics and personal care ingredients market during the forecast period, 2019-2029.

Read Report Overview: https://bisresearch.com/industry-report/bio-based-cosmetics-personal-care-ingredients-market.html

Europe, especially Western Europe, is hub for the green evolution with growing consumer recognition and accountability for the acceptance of green products. European consumers are becoming aware about harmful impacts of synthetic cosmetics, which in turn, is fueling the demand for bio-based products in the region. Thus, growing adoption of greener end products drives the demand for advanced ingredients that are naturally sourced and efficiently processed to showcase the same performance traits of present synthetic alternatives. Anti-aging and moisturizing are the segments that have been witnessing large market penetration of bio-based ingredients, primarily because of high market demand and easy availability of oleo chemical-derived refined glycerin as a natural moisturizer.

However, cost associated with procurement and processing of bio-based raw materials is higher than that for synthetic chemical-based ingredients. Key cost additions involve higher cost of raw materials (generally a higher concentration is needed than synthetic ingredients to offer the required efficacy) and operational cost, owing to the extra downstream processing required to ensure purity and efficacy of bio-based ingredients.

Governments of several countries are taking initiatives to encourage and promote the use of bio-based cosmetics. They have also laid regulatory, policy, and safety laws to enhance the quality of bio-based cosmetics. With the goal of standardizing different labels into a unified standard for cosmetics and personal care, the Cosmos, a global standard was developed, and the guidelines were published in January 2011. The attempt toward the unification of standards and labels completed by 2015; until then, ingredients were accepted under different certifying bodies. The logos of certifying bodies such as Soil Association (UK), BDIH (Germany), Ecocert (France), Natrue and Nordic Swan, among which Ecocert is the most familiar, offer a unified identity to bio-based and natural ingredients and finished products in the cosmetics and personal-care markets.

The growth in the global bio-based cosmetics and personal care ingredients market is attributable to the growing consumer awareness toward environment and health. The bio-based cosmetics and personal care ingredients market has been segmented into function, application, and region. This research also analyzes the adoption of bio-based cosmetics and personal care ingredients in different regions and countries and comparative analysis of alternatives available.

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Consumers are evading chemicals such as phthalates, parabens, and sodium lauryl sulphate, as they are concerned about related health risks. Thus, a growing number of cosmetics companies are replacing synthetic chemicals with bio-based ingredients. However, high cost of bio-based products and concerns toward the efficacy of bio-based as compared to synthetic counterparts are some of the factors that are restraining the growth of bio-based cosmetics and personal care ingredients.
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Issued By BIS RSRCH
Country United States
Categories Business , News , Research
Tags cosmetics , personal care ingredients , personal care ingredients market
Last Updated March 1, 2021