Chemicals for Cosmetics and Toiletries
The global market for cosmetics and toiletries ingredients is estimated to be around $14.7 billion in 2005, with growth of the ingredients expected to be around 5% per year through 2010. Factors contributing to this steady growth include improvements in the global economy, particularly in developing countries, and the introduction of new consumer-friendly products.
In end-user segments, color cosmetics have the highest average annual growth rate (AAGR). They will grow from $2,586.9 million in 2005 to $3,351.7 million in 2010, and AAGR of 5.3%.
Hair care products were worth more than $4 billion in 2005, and will maintain the highest market value through the forecast period, growing at 5.2% per year.
Bath/shaving products, perfume, and oral hygiene have steady growth rates of 4.6% per year through 2010.
Markets for constituents that go into cosmetics and toiletries are undergoing significant changes. Some of this growth includes advanced delivery systems for formulations, newer methods for manufacturing ingredients, the growth of an aging and prosperous baby boomer population and their desire to look younger, advances in the science and development of new materials, the trend towards natural products over synthetic, the availability of cheaper raw materials, and increasing demand from the growing middle classes in developing countries like China and India. BCC Research has followed this industry for two decades and, because of these recent changes, presents a current and comprehensive report on the ingredients for cosmetics and toiletries.
SCOPE OF STUDY
The report contains:
- Global markets for ingredients used in cosmetics and toiletries.
- Analyses of both the end-use markets and the major types of materials, both synthetic and natural.
- The emerging trends and technological developments in the field.
- Information regarding the regulatory environment governing the industry and the typical testing used by manufacturers to comply with the regulations and to produce safe products.
- Profiles of major companies and their market shares.
- Important information about new formulations in the field and how they are being used.
This study is based on exhaustive primary and secondary research in addition to extensive information found in BCC Research's database.
Primary research includes consultation with industry experts in the field, including contacts within active companies and trade associations.
Secondary research includes extensive literature reviews, including trade journals, seminar proceedings and patent literature, company literature, published reports and government publications.
The study has been carried out by a team of chemical engineering consultants led by Senior Consultant N. S. Venkataraman, a Chemical Engineer with over 30 years of experience in various functions relating to chemical, pharmaceutical and allied industries. Team members include D. Panneerselvam, T. K. Parija, P. Govindanayagi, and K. Geetha. All the members of the team are practicing chemical engineers or chemists with extensive experience as business consultants in the chemical and allied industries.
The project manager for this project was Dr. Yatin B. Thakore, who has over 15 years of industry experience in chemical and allied fields.
The estimated 2000 value of U.S. manufacturers’ sales of chemicals used in finished cosmetic and toiletry products is $4.3 billion. Growing at an average annual rate (AAGR) of 3.5%, this market is expected to exceed $5.1 billion in 2005.
With 2000 sales estimated at $1.1 billion, essential oils represent the largest segment and the most expensive of the chemical ingredients.
Average annual growth should not exceed 2.5% through the period.
Polymers advanced to become the second largest segment, with 2000 sales estimated at $811 million. Due to their specific and tailorable properties, growth at an AAGR of 5.8% to more than $1 billion in 2005 is expected.
Purified petroleum products represent the third-largest segment, with 2000 sales of about $745 million. Growth should hover around an AAGR of 2.6% through 2005.