Market Size of Emollient Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Emollients Market Analysis
The global emollient market is projected to register a CAGR of 5.5% during the forecast period (2019-2024).
- The market is driven by increasing awareness about personal care products. Also, the awareness regarding the harmful effects of chemicals present in skincare, cosmetics and hair care products has led consumers to shift towards naturally derived product ingredients, such as animal and plant-derived emollients that are devoid of chemical modifications thus fueling the market growth. Furthermore, online distribution channels and E-commerce are forecasted to increase the distribution of personal care products in the forecasted period.
- North America and Europe are dominating the market. Also, developing countries in the Asia-Pacific region such as China, Japan, and Australia are witnessing market growth. For instance, the National Bureau of Statistics of China, the annual growth of cosmetics retail sales value by wholesale and retail companies in China had witnessed significant growth from 8.3% in 2016 to 13.5% in 2017.
- However, the high price of the products is one of the major factors restraining the market primarily in the low income and developing regions.
