Global Personal Care Specialty Market Size
The market for specialty ingredients used in personal care was valued at US$10.79 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 5.30 percent to reach US$18.01 billion by 2030.
Personal care specialty ingredients are the primary raw material for skincare products worldwide. These ingredients function as skin-conditioning, anti-aging, anti-fungal, and other ingredients in skincare products. It can also be separated into active components and non-active ones. Inactive ingredients include colorants, surfactants, polymer components, and preservatives. Examples of active ingredients are UV protection agents, conditioning agents, exfoliants, and anti-aging agents. Personal care products include shampoo, soap, lotion, hair gels, and other items used to maintain one's appearance and personal hygiene. Personal care is an essential part of life for everyone, for Certain substances are used in hair care, dental care, makeup, and other personal care products.