Emollients & Oils for Personal Care and Cosmetics Market Report, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Emollients & Oils for Personal Care and Cosmetics Market


The global Emollients & Oils for Personal Care and Cosmetics market size is projected to reach US$ 1636.23 million by 2026, from US$ 1146.97 million in 2020, at a CAGR of 6.1% during 2021-2026. Rising awareness regarding health coupled with the popularity of multifunctional products is anticipated to drive the growth. Favorable regulations pertaining to the use of various ingredients coupled with the compatibility of emollients and oils with other ingredients are further anticipated to drive expansion.

Changing lifestyles, widespread consciousness regarding the enhancement of the overall personality among consumers along with rising GDP and utilization of natural ingredients for manufacturing cosmetics are expected to drive the global market. Developed countries, such as U.S., France, and U.K. are focusing on capturing business share across emerging regions. As per the International Trade Administration (ITA), the Asian countries offer a potential customer base of over three billion and acts as a fastest growing region for cosmetics and personal care products.

Growing middle-class population in developing countries along with increasing disposable income are some of the key factors positively influencing the emollients and oils for personal care and cosmetics market. Increasing penetration of e-commerce platforms across emerging regions is also supporting the market. Companies are focusing on strengthening their regional base and tapping into the potential industry.

However, the recent emergence of various beauty treatments and increasing awareness regarding the potential side effects of cosmetics are the key factors restraining growth of the cosmetics industry, thereby limiting the product demand.

Market Segmentation, Outlook & Viewpoint: Global Emollients & Oils for Personal Care and Cosmetics Market

Application Market Segmentation & Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  
Sun Care
  
Deodorants
  
Skin Care
  
Hair Care
  
Others

Key Players, Recent Developments & Regional Insights: Global Emollients & Oils for Personal Care and Cosmetics Market

Skincare application accounted for over 40% market share in 2017, owing to rising adoption of these products in daily grooming routines of consumers. Rising consciousness pertaining to beauty is a prominent factor propelling the demand for skin care products, thereby contributing to the consumption of emollients and oils. Additionally, increasing consumer concerns regarding the harmful effects of pollution on the skin will positively influence the demand for skin care products across the globe.

The deodorant segment is likely to witness rapid growth from 2018 to 2025. Rising standard of living in emerging economies and inclination towards beauty are anticipated to further fuel the market over the forecast period. Moreover, consumption of natural oil-based skin care products is expected to ascend in the coming years on account of rising demand to minimize side effects of harmful chemicals on skin.

The demand for deodorants has witnessed a rise, with the introduction of newer and advanced products, such as moisturizing deodorants and antiperspirants, gas-less deodorants, and alcohol-free deodorants. Large-scale utilization of such products in U.S. and the European countries, such as Germany, U.K., Italy, France, and Spain is positively influencing demand for emollients and oils.

The galenic formulation of sun care cosmetics is based on the composition that includes oil phase optimized by a selection of emollient esters. These esters enhance the spreadability and sensory properties of products, thereby resulting in a uniform distribution of the product on the skin. Furthermore, they are also known to enhance the solubilization of sun care products, which, in turn, improves the absorption of UV radiation, thereby sufficing the regulatory requirements of these products. Ascending demand for sun care cosmetics offering easy applicability along with enhanced protection is projected to boost the consumption of emollients and oils over the foreseeable future.

Regional Insights

North America is expected to generate revenue of over USD 400 million by 2025. The establishment of the North American Free Trade Agreement (NAFTA) in 1994, allowing free trade agreement across U.S., Mexico, and Canada has increased consumer access to multinational brands, particularly in the mass product category, and has also intensified the competition across personal care and cosmetics industry. High competition necessitates improvement in manufacturing efficiencies, better economies of scale, and enhanced distribution channels.

Europe is projected to witness a CAGR of 5.5% from 2018 to 2025. The robust manufacturing base of personal care products in France, U.K., and Germany are expected to emerge as a promising factor for business growth. In 2013, the European Commission (EC) introduced Horizon 2020 Strategy with the prime intention to promote the use and production of natural-based ingredients in chemicals, personal care, cosmetics, and many other sectors, thereby supporting the emollients and oils for personal care and cosmetics industry demand.

In 2017, Asia Pacific held a market share of over 25% in terms of revenue. Rising preference for natural-based products over their synthetic counterparts is expected to have a favorable impact on the regional growth over the forecast timeframe. The growth in India can be attributed to rising awareness pertaining to beauty and wellness coupled with rapidly changing lifestyle of consumers.

Emollients & Oils for Personal Care and Cosmetics Market Share Insights

Manufacturers are investing in R&D to develop products offering multiple advantages, such as flexibility while manufacturing along with enhanced cleansing capabilities. A healthy distribution cycle is among the critical factors for capturing the market share. The producers are forming long-term tie-ups with product distributors to enhance their regional presence. For instance, in July 2017, Lubrizol Corporation collaborated with Essential Ingredients for distributing its products across U.S., thereby strengthening its regional presence.

Mergers and acquisitions are among the critical strategies implemented by the market players for enhancing their product portfolio and improving the regional presence. Increasing the product line across the personal care industry will boost competition for the emollients and oils used as an ingredient in cosmetic products. Innospec, Inc. acquired European Differentiated Surfactants, a subsidiary of Huntsman Investments B.V., to further enhance its product base for performance chemicals.

Increasing customer awareness regarding the use of bio-based and organic products has prompted manufacturers to procure organic raw materials. Furthermore, market participants are acquiring organic farms to enhance their farming capabilities. For instance, Vantage Specialties, Inc. acquired organic jojoba farm from Cocopah Nurseries for manufacturing emollients and oils for personal care and cosmetics products.

Key Insights Covered: Global Emollients & Oils for Personal Care and Cosmetics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Emollients & Oils for Personal Care and Cosmetics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Emollients & Oils for Personal Care and Cosmetics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Emollients & Oils for Personal Care and Cosmetics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Emollients & Oils for Personal Care and Cosmetics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Emollients & Oils for Personal Care and Cosmetics industry.

Research Methodology: Global Emollients & Oils for Personal Care and Cosmetics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other