Asia Pacific Personal Care Ingredients Market

Asia Pacific Personal Care Ingredients Market Size (2023-2028)

Asia Pacific Personal Care Ingredients market size was around USD 5.16 billion in 2022. It is expected to grow at a CAGR of 5.32% to reach USD 7.41 billion by 2028.

There has been a huge rise in the demand for anti-aging products as numerous countries are expanding in terms of population density and economic standing, thereby possessing a massive consumer base capable of purchasing personal care and skin care product solutions. However, due to increasing regulations on the usage of synthetic components in the products, manufacturers are focusing on developing personal care products consisting of natural ingredients.

 Market Segmentation:

Asia Pacific Personal Care Ingredients Market – By Application:

• Hair Care

• Make-up
• Oral Care
• Skin Care
• others

Under this segment, the skincare section is calculable to account for the highest share of the personal care ingredients market during the forecast period. This application is projected to drive the market from 2022 - to 2027 due to the rise in consumer spending in developing nations such as India, China, Brazil, and the Republic of South Africa, among others.

Asia Pacific Personal Care Ingredients Market – By Ingredient:

• Emollients
• Rheology Modifiers
• Surfactants
• Active Ingredients
• Emulsifiers
• others

The emollient segment dominated the personal care ingredients market due to its extensive usage in antiperspirants, deodorants, soaps, skin creams, face cleansers, face creams, hair shampoos, and hair conditioners, among others. The demand is especially fuelled because of the soothing feeling emollients give to the skin.

Geographical Analysis:

• India

• China

• Korea

• Japan

• Australia

• Others

Asia-Pacific region leading the global personal care ingredients market, in terms of revenue. The growing population and speedy urbanization in countries like China, India, Indonesia, and Malaysia is the major growth driver for this regional market.

Key Players:

Key players in the market include

1. Evonik Industries
2. Wacker Chemie AG
3. BASF SE
4. Dow Corning Corporation,
5. Croda International Plc
6. Ashland Inc
7. Clariant
8. Akzo Nobel N.V
9. Lonza Group Pvt Ltd