Personal Care Ingredients Market Share

APAC Market Forecast

Personal care ingredients market in the Asia Pacific, is anticipated to hold the largest with a share of about 46% by the end of 2037. The sectoral growth in the region is expected on account of its economic vigor evidenced by per capita spending is anticipated to reach USD 55.70, reflecting the increasing consumer investment in personal care. Notably, online sales are forecasted to make up 18.8% of the total sectoral revenue, underscoring the digital shift in consumer buying patterns. The region’s large and varied population, coupled with rising incomes and changing lifestyles, continues to drive the demand for a diverse range of personal care ingredients. The evolving industry landscape is characterized by robust demand for natural and organic products as well as innovative offers from a growing number of small and medium-sized enterprises, with China, Japan, and India being key contributors to this dynamic sector’s expansion.

European Market Analysis

The Europe personal care ingredients market is estimated to be the second largest, registering a share of about 23% by the end of 2037. The industrial growth in the region is also expected on account of a projected revenue generation of USD 144.60 billion in 2024, indicating a robust industrial demand. Additionally, with online sales poised to represent 23.3% of the total beauty & personal care market revenue by the same year, there is a discernible shift towards digital commerce, as consumers increasingly opt for the convenience of online shopping for their beauty and persona care purchases. This digital trend, combined with the European consumer’s growing preference for natural and organic personal care options, is set to fuel the sectoral’s growth trajectory. In France, the demand for organic and natural beauty products is on the rise, with consumers seeking sustainable and eco-friendly options.