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Hair Care and Skin Care Driving Personal Care Ingredient Growth

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The global personal care ingredients market will reach $11.76 billion by 2023, up from $7.46 billion in 2014 (CAGR 5.2%), according to Transparency Market Research. According to an earlier report from MarketsandMarkets, the personal care ingredients market is projected to reach $17.6 billion by 2020.

Surfactants accounted for over 30% share of the global personal care ingredients market in 2014, according to Transparency Market Research. Growth in the segment will be driven by demand for surfactants in the manufacture of skin care and hair care products.

Further reading: Beauty Ingredient Innovations and Trends

The ingredients included in the analysis include surfactants, conditioning polymers, emollients, rheology control agents, emulsifiers, antimicrobials and others (UV absorbers and hair fixative polymers) for application in skin care, hair care, oral care, cosmetics and others (including fragrances and toiletries).

Surfactants accounted for over 30% share of the global personal care ingredients market in 2014, according to Transparency Market Research. Growth in the segment will be driven by demand for surfactants in the manufacture of skin care and hair care products.

Similarly, conditioning polymers in hair care applications will spur growth in personal care ingredients.

As can be seen above, skin care and hair care will continue to be the top growth areas in personal care, which will be particularly strong in Asia Pacific, especially China and India. Southeast Asia in general will continue to drive growth.

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