Cosmetic Polymer Ingredients Market is expected to reach US$ 11.59 Billion by 2031

Rising Sales of Beauty Products Through E-Commerce to Bolster Cosmetic Polymer Ingredients Market Growth

According to our latest market study on "Cosmetic Polymer Ingredients Market Size and Forecast to 2031 – Global Analysis – by Type, Category, Function, and Application," the market was valued at US$ 7.86 billion in 2023 and is projected to reach US$ 11.59 billion by 2031; it is anticipated to record a CAGR of 5.0% from 2023 to 2031. The report includes growth prospects along with the cosmetic polymer ingredients market trends and their foreseeable impact during the forecast period.

Cosmetic polymer ingredients are used in skincare, hair care, makeup products, and color cosmetics. Carbomer gel is a broadly used polymer in cosmetics, particularly skincare and hair care products. It acts as a thickening agent, enhancing the viscosity and consistency of formulations. In personal care and cosmetic products, cosmetic polymer ingredients are used to extend shelf-life by eliminating microbial contamination during formulation, storage, and shipment. Moreover, the rising demand for various skincare and makeup products across the world is bolstering the requirement for cosmetic polymer ingredients. These materials are supplied to end users directly via business-to-business sales or the network of independent dealers operating across different regions. End users maintain long-term relationships with cosmetic polymer ingredient manufacturers to ensure a proper and steady supply of high-quality products.

Global Cosmetic Polymer Ingredients Market Breakdown – by Region

The cosmetic polymer ingredients market report emphasizes the key factors driving the market. The emergence of e-commerce has transformed the shopping experience for people looking to purchase beauty products. According to an article published by Bolt in May 2023, 57% of the Gen Z population is willing to spend 11–20% more for beauty products while making purchases from custom and curated online shopping platforms. The Value of Beauty report published by the British Beauty Council in 2023 revealed that sales of beauty products through online channels post-pandemic increased from 28% in 2019 to 40% in 2022. Further, key cosmetics market players are utilizing advanced technologies such as artificial intelligence, augmented reality, and machine learning to develop personalized beauty solutions. For example, L'Oreal uses advanced research, data analysis, and artificial intelligence to offer personalized beauty solutions through smart devices, online platforms, and a range of digital services. The incorporation of modern technologies helps them build trust among their consumers, in turn resulting in increased sales of their products. Thus, the rising sales of beauty products through online sales channels propels the cosmetic polymer ingredients market growth.

Europe accounted for the second-largest cosmetic polymer ingredients market share in 2023. Europe is one of the world leaders in the personal care & cosmetics industry. The European Union claims that it holds a prominent position as an exporter of cosmetic products across the world. The growing interest in wellness and health drives cosmetic production across the region. As per the Cosmetics Europe – The Personal Care Association, Europe is a global flagship market for cosmetics and personal care products, valued at ~US$ 95 billion at retail sales price in 2022; Germany, France, and Italy have positioned themselves as leading markets for cosmetic products. The demand for natural and polymer ingredients in cosmetic products, and the sales of natural and clean-label goods are driven by consumers' interest in maintaining healthy and clear skin. The shift toward plant extracts and naturally sourced collagen drives the demand for cosmetic polymer ingredients in Europe. Germany is one of the largest consumers of cosmetic products in the European Union. The trade volume, the strategic location at the center of the European Union, and a vast customer base attract several cosmetic manufacturers to expand their geographic footprints across the country. In May 2023, Beiersdorf AG announced the launch of a new manufacturing plant for cosmetic products in Leipzig-Seehausen. This plant is expected to produce 450 million units of cosmetic products for the European market annually, resulting in an increasing consumption of cosmetic polymer ingredients in Germany.

Global Cosmetic Polymer Ingredients Market: Trends

Consumers these days seek transparency in terms of product ingredients, which drives an inclination toward natural and organic beauty products. Nontoxic or natural ingredients reduce the risk of irritation and allergic responses to the skin. Growing consumer awareness about the potential health risks associated with synthetic beauty products, including allergic reactions, eye irritation, and toxicity, has led consumers to seek safe alternatives. Many people have sensitive skin or eyes, making them prone to adverse reactions from synthetic cosmetic ingredients. The clean beauty movement emphasizes the adoption of natural polymer ingredients and products that are free from harmful chemicals and other toxic ingredients. Advancements in cosmetic science have led to the development of novel natural ingredients to maintain effectiveness without compromising safety.

Based on application, the cosmetic polymer ingredients market is segmented into skincare, hair care, makeup, and others. The skincare segment accounted for the largest cosmetic polymer ingredients market share in 2023. Consumers seek multifunctional products with advanced benefits such as UV protection, skin tightening, and anti-aging capabilities. Thus, the skincare industry generates a significant demand for ingredients offering hydration, anti-aging benefits, and enhanced texture. Sunscreen formulations use film formers to create a protective barrier on the skin, thereby enhancing the durability of UV protection. In these formulations, cosmetic polymer ingredients are used to ensure consistent dispersion of UV filters and enhance water resistance. Cosmetic polymers are used to stabilize emulsions by preventing the separation of ingredients. Humectants such as hyaluronic acid and film formers such as polyvinyl alcohol are used to provide long-lasting moisturization, protect the skin barrier, and offer a smooth sensory finish.

Some of the key players in the cosmetic polymer ingredients market include SNF, Cargill Incorporated, The Dow Chemical Co, BASF SE, Evonik Industries AG, Clariant AG, Ashland Inc, Solvay SA, Arkema SA, Nouryon Chemicals Holding BV, Sensient Technologies Corp, The Lubrizol Corporation, SOPHIM IBERIA S.L., Derypol, and 3V Sigma S.p.A. These market players offer innovative products at affordable prices that attract a large number of consumers, which would open new opportunities for them in the coming years. Cosmetic polymer ingredients market forecast can help stakeholders plan their growth strategies.

The cosmetic polymer ingredients market involves the segmentation of the market based on:

The cosmetic polymer ingredients market analysis is based on type, category, function, application, and geography. By type, the market is segmented into polyethylene glycol, acrylic acid-based, vinyl acetate, silicone, cellulose, collagen, pectin, xanthan gum, chitosan, and others. By category, the market is segmented into natural, synthetic, and semi-synthetic. By function, the market is segmented into rheology modifiers, stabilizers, emulsifiers, film formers, conditioning, and others. By application, the market is segmented into skincare, hair care, makeup, and others. The scope of the cosmetic polymer ingredients market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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