Cosmetic Ingredients Market Updates

Global Cosmetic Ingredients Market size was valued at USD 33.37 Billion in 2023 and is expected to rise from USD 35.27 Billion in 2024 to USD 54.96 Billion by 2032, at a CAGR of 5.7% during the forecast period (2025–2032).

Cosmetic ingredient suppliers are expected to focus on the creation of natural and organic ingredients to appease conscious consumers. Testing cosmetic ingredients for allergic reactions can help companies overcome the issues of product recalls and negative publicity. Incorporation of ethical and sustainable practices in cosmetic ingredients sourcing and manufacturing could also present new opportunities for market players in the long run. 'Clariant AG', 'Solvay S.A.', 'BASF SE', 'Dow Chemical Company', 'Eastman Chemical Company', 'Croda International PLC', 'Estee Lauder Company', 'Ashland Global Specialty Chemicals', 'Lonza Group Ltd.', 'Wacker Chemie AG '

The rapidly increasing senescent population around the world coupled with increasing efforts of people to look younger are promoting the demand for anti-aging cosmetics and products. Peptides, hyaluronic acid, and retinoids are some highly popular anti-aging ingredients that are slated to drive the global cosmetic ingredients market outlook in the future.

Vegan and Cruelty-Free Products: Cosmetic ingredient providers should focus on providing plant-based and cruelty-free ingredients to maximize their business scope. Bioengineered collagen and plant-based squalene are prime examples of such vegan cosmetic ingredients. Increasing popularity of vegan lifestyles is slated to make this cosmetic ingredients market trend a prominent one in the long run.

Asia Pacific is forecasted to account for a dominant share of the global cosmetic ingredients market size going forward. High availability of raw materials, growing spending on personal care, and presence of multiple cosmetic brands are key factors helping this region spearhead the global cosmetic ingredients demand. Increasing disposable income and expanding middle-class population are also prime factors that are slated to help this region bring in the most revenue. Availability of cheap labor and supportive government initiatives for manufacturing are making India and China highly opportune markets in the Asia Pacific region.