The north america personal care specialty ingredients market value is
anticipated to exceed USD 4.7 billion by 2025. The rising consumer
responsiveness towards hygiene and personal care is expected to remain a key
factor steering market growth over the next decade.
Cosmetic products consumption patterns have changed drastically over
the past few years in the region. The growing aging population mainly in the
U.S. and increasing air pollution has led to the rising demand for
multispecialty cosmetic products. In order to cater to the rising demand, the
manufacturers have increased the R&D investments for specialty ingredients which
have dramatically enhanced the production processes over the past few years.
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Surfactant was the leading active product segment in the North America
market in 2015. Its chemical properties make it compatible with several other
ingredients and this factor can be attributed to the high penetration of
surfactant in the personal care industry. North America cosmetic surfactants
market is estimated to reach a net worth exceeding USD 580 million by 2025.
The anionics were the dominant surfactant product category owing to
its use in a variety of beauty products, such as hair care, skin care and color
cosmetics. The regional industry for anionic surfactants was valued at USD
154.5 million in 2015 and is projected to grow at a CAGR of 5.9% from 2016 to
2025.
Further key
findings from the report suggest:
The Mexico personal care specialty ingredients industry generated
revenue worth of USD 647.8 million in 2015 and is estimated to grow at a CAGR
of 6.2% from 2016 to 2025
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Canada active personal care ingredients industry was estimated to be
USD 83 million in 2015 and is expected to grow at a CAGR of 5.6% over the
forecast period to exceed USD 140 million by 2025
Factors such as technological advancements, changing consumption
patterns, and stringent regulatory scenario, are anticipated to influence the
market in the near future
Some of the recent activities in the industry include the launch of
new concepts for personal care ingredients including "Elements of
care" and "Trendy textures". Stress factors like UV radiation,
air pollution, dust and dry air due to poor indoor and urban air quality are
major factors that cause damage to skin and hair cells.
Key players include BASF, DuPont, Ashland, Evonik, DSM, Croda, Lonza,
and Kao Specialties Americas
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