Emollients Market Regional Analysis:
APAC Market Insights
Emollients market in Asia Pacific region is projected to hold largest revenue share of about 34% during the projected period. The growing demand for cosmetics is primarily driving the exponential growth of the worldwide emollients market in the Asia Pacific region. Particularly among the young adults and millennials residing in this area, there is a noteworthy surge in the need for personal hygiene goods. As a result, a large number of businesses have started to enter this profitable industry by creating a range of personal care products that are specially designed to meet the needs and preferences of this particular demographic. According to data from the Chinese National Bureau of Statistics, the per capita spending in China on home products rose to USD 3,781.2 in 2021, a small increase of 13.6% from the year before.
North American Market Insights
The emollients market in North America region is attributed to hold the largest revenue share of about 28% during the forecast period. The US's expanding need for cosmetics and personal hygiene goods is the reason for this growth. North America's share of the worldwide emollient market is increasing due to swift changes in consumer lifestyles and an increasing emphasis on wellness and beauty. Furthermore, consumers' changing shopping habits and growing awareness of wellness and beauty are driving the market's rise in North America. Furthermore, one reason contributing to the expansion of the worldwide emollients market is the rising consumer expenditure on skincare and anti-aging cosmeceuticals.
