
Report ID: SQMIG30L2261
Report ID:
SQMIG30L2261 |
Region:
Global |
Published Date: January, 2025
Pages:
192
|
Tables:
126 |
Figures:
67
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).
Growing aesthetic awareness among people and rising focus on adoption of anti-aging cosmetics are slated to drive the demand for cosmetic ingredients over the coming years. Rising purchasing power of middle-class populations around the world owing to high disposable income are also promoting the global cosmetic ingredients market growth. Increasing consumer preference for natural and organic cosmetic ingredients is also estimated to offer new opportunities for cosmetic ingredient suppliers in the long run. High demand for customized skincare products and advancements in ingredient R&D are also anticipated to create an opportune setting for all market players going forward. On the contrary, high costs of premium ingredients, risk of allergic reactions, stringent regulatory requirements, and competition from DIY beauty trends are estimated to slow down the sales of cosmetic ingredients across the study period and beyond.
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Report ID: SQMIG30L2261