Personal Care Active Ingredients Market: Future Key Trends and CAGR Prediction through 2019-2029
Verfasser: ashwani_kailiya on Tuesday, 11 February 2020The number of options for consumers in terms of personal care products has gone up exponentially in recent years, and competition in the industry has become very intense. Product differentiation is more important for manufacturers and the use of different active ingredients has become a popular strategy for manufacturers around the world. The global market for personal care active ingredients is expected to grow at a moderate CAGR of ~5.5 per cent through the forecast period till 2029. The growth can be attributed to the increasing awareness among consumers about factors such as the effects of the environment on the skin, types of products, and types of skin.
The trend is supported by a strong demand for anti-aging products and services, which has risen greatly owing to a widening range of geriatrics and a rising demand from consumers to delay aging. In addition, active ingredients are also finding roles in terms of products for hair care and sun protection, which will grow during the forecast period.
North America and Europe Continue to Dominate