Market Size of Personal Care Chemicals Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.80 Billion |
| Market Size (2029) | USD 20.28 Billion |
| CAGR (2024 - 2029) | 5.11 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Personal Care Chemicals Market Analysis
The Personal Care Chemicals Market size is estimated at USD 15.80 billion in 2024, and is expected to reach USD 20.28 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, there were nationwide lockdowns around the globe, disruptions in manufacturing activities and supply chains, production halts, and labor unavailability that negatively impacted the dyes and pigments market. However, conditions began to improve in 2021, likely restoring the market's growth trajectory during the forecast period. Cosmetics and personal care products are designed to cleanse, protect, and change the appearance of the external parts of an individual. There are more than thousands of different cosmetic products on the market currently, all with different combinations of ingredients to provide the desired effect required by the individual using the product.
- Long-term, the market is growing because more people are learning about beauty and skin care products and more people want products with active ingredients.
- On the other hand, strict government rules that limit the use of certain chemicals in cosmetics are likely to slow the growth of the market.
- In the future, the market is expected to benefit from the growing demand from customers for natural ingredients, which creates opportunities for technical innovation.
- Asia-Pacific dominated the market and may continue to do so during the forecast period.
