Cosmetic & Personal Care Ingredients Market is expected to grow at CAGR of 5.5%

Market Research Future (MRFR) recognizes the following companies as the key players in the MENA/G.C.C./China Cosmetic & personal care ingredients market: SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Chemanol and DOGOIDE Group among others.

Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market size is expected to grow at 5.5% CAGR by 2023.

Cosmetics & Personal Care Ingredients are gaining importance in the applications such as skincare, bath & shower, color cosmetics and hair care among others. Increasing affinity of the youth population towards skin lightening and color cosmetic products is expected to augment the skincare ingredients market. Moreover, substantial spending on Cosmetics & Personal Care in Middle East are expected to boost the personal care ingredients market. However, stern regulations on usage of some personal care ingredients in the products owing to carcinogenic dioxane banned in shampoo by Saudi Arabia Food & Drug Administration will restraint the market demand in coming years. Hence, with research & development, companies are focusing on multi-functionality requirements by consumer in order to cater the market demand.

Key Players:
Key players of the MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market are SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Chemanol and DOGOIDE Group among others.

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Segment Analysis:
Cosmetic & Personal Care Ingredients refer to the raw materials which are used for manufacturing of cosmetic products. The ingredients can be processed naturally as well as synthetically which are blended and formulated to enhance the properties of cosmetic products.
The different categories of ingredients used in manufacturing of cosmetics include, emulsifiers, emollients, rheology modifiers, surfactants, and antioxidant among others. Ingredients used under this categories include — tocopherols, dimethicone, parabens, formaldehydes, sodium lauryl sulphate, titanium dioxide, glycerine and alcohols among others. With dominance of skincare, hair care and fragrance products along with multi-functionality ingredients to boost the personal care ingredients market.

Green surfactants and emulsifiers are heading high in personal care formulations owing to high demand for sustainable products as well as adopting renewable feedstock. Ingredients like sodium lauryl sulfate provides primary foam, cleaning and has good tolerance and emulsifying properties.
For instance, tocopherols, dimethicone and isopropyl esters are majorly used as antioxidants and conditioning polymers respectively in personal care and cosmetics products. Similarly, Sodium lauryl sulphate and sodium laureth sulphate are used as foaming agent in hair conditioners and shampoo products. The formaldehyde market segment is estimated to account for maximum market share of 16.87% in terms of value. The major factors such as increasing concern about skin lightening and color among the consumers are anticipated to drive the market demand over the forecast period.

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Key Points from Table of Contents:

10 Company Profile

10.1 Introduction

10.2 SABIC
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments

10.3 Artec Chemical Company Limited
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments

10.4 Dongming Jujin Chemical Co., Ltd.
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments

10.5 Ittihad International Chemicals Trading LLC (IICT)
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments

10.6 Reza Chemical Industries (RCI) (REZA Investment Company Ltd.)
10.6.1 Company Overview
10.6.2 Product/Business Segment Overview
10.6.3 Financial Updates
10.6.4 Key Developments

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Cosmetics and Personal Care Ingredients Market 2017 - SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd.

Synopsis of Cosmetics & Personal Care Ingredients Market:
Cosmetics & Personal Care Ingredients refers to the raw materials used for manufacturing the cosmetic products. The ingredients can be synthesized chemically or naturally derived which are later blended and formulated to enhance the properties of various cosmetic products.

The MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market is expected to grow at CAGR of 5.5%. The prominent factors fuelling the growth of Cosmetics & personal care ingredients market are, the bolstering growth of cosmetic industry across the target markets coupled with high level of spending and dominance of hair care, skincare, fragrance and shower products with multi-functional ingredients to boost personal care ingredients market. However, the market will be hampered by increasing ban or restrictions on various ingredients market. Thus, with capacity expansion and migration of cosmetic manufacturers in the Middle East & Africa market to offer lucrative opportunities for cosmetic ingredient manufactures. Furthermore, growing prominence of halal certification cosmetic and personal care formulations in G.C.C. and MENA regions and increasing inclination towards multi-functionality products as a product development by manufacturer are increasing the demand of cosmetics & personal care market.

The different categories of ingredients used in manufacturing of cosmetics include, emulsifiers, emollients, rheology modifiers, surfactants, and antioxidant among others. Ingredients used under this categories include — tocopherols, dimethicone, parabens, formaldehydes, sodium lauryl sulphate, titanium dioxide, glycerine and alcohols among others. The formaldehyde market segment is estimated to account for maximum market share of 16.87% in terms of value. The major factors such as increasing concern about skin lightening and color among the consumers are anticipated to drive the market demand over the forecast period. In terms of application of these ingredients, the market is segmented into — skincare, hair care, fragrance, color cosmetics, bath & shower and other cosmetic products. The skincare segment is estimated to be the prominent revenue generating segment over other application segments in the cosmetic and personal care ingredients market.

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Regional Analysis:
Geographically, the Cosmetics & Personal Care Ingredients Market is fragmented among regions Middle East & North Africa, China and Gulf countries. Among all the regions, China is estimated to be largest consumer of cosmetics & personal care ingredients owing to increasing demand of multi-functional ingredients, high demand of anti-aging products, and skin whitening products in Cosmetics & Personal Care Market. The skincare and hair care products account for more than half of the retail value in China’s cosmetic market.  Furthermore, the market is estimated to witness relatively high CAGR of 5.89% over the forecast period.

Turkey cosmetics and Personal Care Ingredients Market is estimated to witness maximum value share growth over the forecast period owing to large manufacturing base for cosmetics & personal care products as well as major exporting hub of soap and hair care products. North Africa, Israel and Rest of MENA market has relatively low share in cosmetics and personal care ingredients market. The market suffice their cosmetics and personal care needs by imports from Turkey and nearby European countries.

Moreover, G.C.C. Cosmetics and Personal Care Market is accounted for the lowest share and is anticipated to expand at a CAGR of 5.0% over the forecast period. The fragrance segment is the most attractive segment in the country and accounts for substantial value share in the cosmetics market in UAE, which is followed by the skincare segment. Additionally, increasing prominence of halal certification that encompasses religious concern is anticipated to result in traction market growth. However, increasing stringent regulations restricting the application of hazardous ingredients in countries namely, Saudi Arabia and UAE is hampering the market growth.

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Segmentation:
MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market is majorly segmented on the basis of Type, End Use and Region. On Basis of Type, MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market is segmented into tocopherol, dimethicone, parabens, titanium dioxide, sodium lauryl sulphate, sodium laureth sulphate, formaldehyde, benzones, isopropyls, glycerols, others. Based on end use, cosmetic & personal care ingredients is segmented into skincare, hair care, bath & shower, colour cosmetics, fragrance, others. Based on region market is divided into Middle East & North Africa, China and Gulf Countries including Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, and UAE.

Key Players:
Key players of the MENA/G.C.C./China Cosmetic & Personal Care Ingredients Market are SABIC, Artec Chemical Company Limited, Dongming Jujin Chemical Co., Ltd., Ittihad International Chemicals Trading LLC (IICT), Reza Chemical Industries (RCI) (REZA Investment Company Ltd.), Chemanol and DOGOIDE Group among others.

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