InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Bio-based Cosmetics and Personal Care Ingredients Market by (Product Type (Emollients, Conditioning Polymers, Surfactants, Emulsifiers, Rheology Control, Antimicrobials, Others (UV Absorbers and Hair Fixative Polymers)), Application (Hair Care, Make-up and Color Cosmetics, Fragrances, and Others (Oral, Hygiene))) – Market Outlook and Industry Analysis 2030”
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Bio-based cosmetics are created entirely of natural substances sourced from plants, animals, microorganisms, enzymes, and organic crops and are free of pesticides and artificial fertilizers. They are used for topical skin, hair, face, and mouth care. The surge in popularity is that the negative impacts of synthetic materials on human health and the environment have been shown. The majority of conventional skin-care cosmetic formulas contain harmful and non-biodegradable petroleum or mineral oil-derived chemicals. At the moment, marketing trends are shifting toward natural cosmetic solutions that are associated with a healthy lifestyle and that link cosmetic products used to healthy eating habits. There are numerous advantages to using cosmetics, such as a solid reputation for the brand and decreased toxicity, that can help consumers, producers, and the environment at the same time.
The market for Bio-based Cosmetics and Personal Care Ingredients is seeing a significant increase as customers become more perceptive and demand bio-based cosmetics products that meet their individual needs. The present market for sustainable, natural, and more environmentally friendly Bio-based Cosmetics is massive since these products earn consumers’ trust and respect by treating nature properly. Additionally, government assistance and accelerated product approval for bio-based cosmetics create favorable conditions for prominent industry players. Companies are attempting to replace synthetic components with their natural counterparts in response to rising customer demand and the need for sustainable raw materials.
As consumers are evolving more conscious of the health benefits of natural ingredients, they are looking for more environmentally friendly and natural products. Bio-based cosmetic product demand is expected to rise in the future as consumers become more aware of the advantages of natural products and environmental concerns grow. However, The Covid-19 pandemic interrupted the supply of raw materials, production methods, marketing, and distribution of finished products, resulting in a significant impact on the cosmetic sector. The cosmetic market declined following the coronavirus pandemic, owing to lockdowns and the worldwide closure of offline outlets.
In 2021, North America held the largest share of the global market. One of the primary drivers of the regional market growth is the growing awareness among consumers about the harms of chemicals, as well as an increase in research and development spending and an increasing preference for natural products.
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The following key companies are engaged in the Bio-based Cosmetics and Personal Care Ingredients market:
Ashland, BASF SE, Clariant, Covestro AG, Croda International Plc, Dow Chemical, DSM, DuPont Tate & Lyle Bio Products, Eastman Chemical Company, ELEMENTS PLC., Evonik Industries AG, Genomatica, Inc, Nouryon, Sollice Biotech, Solvay, and The Lubrizol Corporation.
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