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MENA/G.C.C./China Cosmetics & Personal Care Ingredients Market

Cosmetics & Personal Care Ingredients are gaining importance in the applications such as skincare, bath & shower, color cosmetics, and hair care among others. The 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 the Middle East is expected to boost the personal care ingredients market. However, stern regulations on the usage of some personal care ingredients in the products owing to carcinogenic dioxane banned in shampoo by the 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 consumers in order to cater to the market demand.

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Segment Analysis:

Cosmetic & personal care ingredients refer to the raw materials which are used for the 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 the manufacturing of cosmetics include emulsifiers, emollients, rheology modifiers, surfactants, and antioxidants among others. Ingredients used under these categories include — tocopherols, dimethicone, parabens, formaldehyde, sodium lauryl sulfate, titanium dioxide, glycerine, and alcohols among others. With the dominance of skincare, haircare, 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 the high demand for sustainable products as well as adopting renewable feedstock. Ingredients like sodium lauryl sulfate provide primary foam, cleaning and have 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 sulfate and sodium Laureth sulphate are used as foaming agents in hair conditioners and shampoo products. The formaldehyde market segment is estimated to account for a 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 the application of these ingredients, the market is segmented into — skincare, haircare, 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. The growth impeding the market demand of skincare is a growing demand for anti-aging skin care products such as moisturizers, creams among the young population and an increase in spending on skincare products. However, in some of the Middle East countries such as UAE, the fragrance segment was dominating as the market value for fragrance products was considerably on the higher end as compared to other product segments, the resultant demand for fragrance products in the market has witnessed adjacent demand for ingredients used in fragrance products in the country. Furthermore, color cosmetics have gained market share owing to the high demand for facial makeups, lipsticks, and eyeliners among other products. Hijab tradition which states women are allowed to show only face in public has also boosted the demand for color cosmetics and skincare, thus, augmenting further the demand of Personal Care Ingredients Market.

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