The global bio-based cosmetics and personal care ingredients market is projected to reach $8.12 billion in terms of revenue by 2031 at a CAGR of 5.67%, reveals the premium market intelligence study by BIS Research.
The consumer demand for natural and bio-based products derived from plant extracts has resulted in the rapid growth of the bio-based cosmetics and personal care ingredients market. The primary factor for the increasing adoption of bio-based ingredients for cosmetic products is the harmful effects of chemical products.
This has further led to consumers showcasing an inclination toward products that contain bio-based ingredients. As a result, cosmetics companies are consequently substituting synthetic chemicals with bio-based ingredients.
Bio-based cosmetics products provide a sustainable alternative to petroleum-based products and help lessen the amount of carbon dioxide in the atmosphere.
The detailed study is a compilation of 114 Market Data Tables and 26 Figures spread through 207 Pages and in-depth TOC on “Global Bio-Based Cosmetics and Personal Care Ingredients Market– Analysis and Forecast, 2021-2031”
USP of the Report
This extensive report can help with:
Analyst’s Take on the Market:
According to Navendu Kumar, Senior Associate, BIS Research, “The global bio-based cosmetics and personal care ingredients market is driven by the rapid evolution of the cosmetic industry. There has been an increase in research and development activities by many key players in this market. In addition, to expand their overall global footprint, bio-based cosmetics and personal care ingredients producers are launching new technology and products to target a larger audience during the forecast period 2021-2031.”
View the report from BIS Research on Global Bio-Based Cosmetics and Personal Care Ingredients Market
Key Companies Operating in the Market and Competition Landscape
The companies that are profiled in the report have been selected based on a selective pool of players, primarily Tier-1 (holding 50-60% of the market) and mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolios, annual revenues, market penetrations, research, and development initiatives, along with a domestic and international presence in the bio-based cosmetics and personal care ingredients industry.
Some of the leading players currently in this market include companies such as BASF SE, Covestro AG, DSM, Clariant, DOW, Dynamic Blending Specialists, Croda International Plc, Evonik Industries AG, ELEMENTIS PLC, CORBION N.V., Alternative Plants Ltd., Ashland, Solvay, Momentive, and The Lubrizol Corporation.
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