The global market for personal care ingredients will be worth $16.3 billion by 2030, according to a new report by ReportLinker.
‘Global Personal Care Ingredients Industry’ states the market will growing at a compound annual growth (CAGR) rate of 4.1% between 2022 and 2030.
Emollients, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach $5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the surfactants segment is readjusted to a revised 3.5% CAGR for the next 8-year period.
The personal care ingredients market in the US was estimated to be $3.2 billion as of the end of 2022.
China is forecast to reach a projected market size of $3.4 billion by the year 2030 with a CAGR of 6.6% out to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.5% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 3% CAGR.
