Coco Glucose:Marketoutlook

Growing urbanization, increasing women workforce, rising purchasing power, trending self-care and well-groomed awareness, snowballing demand for premium cosmetics and personal care products, preference for natural and clean label products, and online retailing, are major influencing forces driving the growth for the cosmetic and personal care industry. In the year 2016, the beauty and personal care industry was valued at approximately US$ 444 Bn, providing tremendous growth opportunity for the ingredients, products, and formulations like coco glucose, which are used in the cosmetic and personal care industry. Coco Glucose is a non-ionic, natural, mild surfactant widely used in cosmetics and personal care industry. Coco glucose is formed by a chemical reaction between coconut-based fatty alcohols and fruit sugars. Coco Glucose is ultra-mild and is widely used as a cleansing and foaming agent, especially for sensitive skincare products. The ultra-mild and gentle characteristics of coco glucose make it an excellent choice for the formulation of toiletry and personal hygiene products. Besides, coco glucose forms a remarkable foam, compared to its conventional and ionic counterparts, and thus is replacing them in hair care products, including shampoos and conditioners.

Furthermore, coco glucose forms a fine and stable foam which provides it an extra edge in formulations for shower gels and bubble baths. Coco glucose is also used as a co-surfactant, and is potential in reducing the total active necessities of other foaming ingredients, without varying their performance. Coco glucose is used to enhance and maintain the cleansing effectiveness, ease of thickening, and foam volume, while improving on the gentle, and mild, nature of the final cosmetic and personal care formulation. Also, coco glucose is free from any impurities, making it suitable for baby and pet products.

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Demand for Natural Foaming and Cleansing Agent Coupled with Robust Sales of Cosmetic and Personal Care Product is Providing Growth Opportunity for Coco Glucose

The increasing urbanization and rising per capita disposable income of the consumers is giving a boost to the self-care and wellness trend among consumers. The consumers are getting driven towards premium and good quality beauty and self-care products, which not only help them in proper personal care but also helps them to gain confidence. The consumers prefer natural cosmetics and personal care products that go mild on their skin type and have no minimal negative effect on their skin. Coco glucose is an on-the-go solution for foaming agent, surfactants, and cleansing agent used in the formulation of the personal care and beauty products. The demand for coco glucose is directly proportional to the growing sales for cosmetic and personal care products. According to the Food and Drug Administration and Cosmetic Ingredient Review, coco glucose is a safe and un-harmful ingredient for application in cosmetic products. Thus, big cosmetic and personal care manufacturers are using coco glucose to increase the efficiency and efficacy of their formulations. The coco glucose is also finding increasing application in the baby products including baby wash, baby cream and lotions, baby soaps and toiletries, and others, as it is mild and gentle for baby’s skin type. The growing baby care products are thus leading to strong market demand for coco glucose. Furthermore, the increasing demand for premium beauty and personal care products like color cosmetics, skincare products, and body care products among millennials and baby boomers is anticipated to boost the demand for coco glucose over the forecast period.

Coco Glucose: Market Segmentation

On the basis of end use, global coco glucose can be segmented as:-

  • Cosmetics
    • Lip Balms/Lip Sticks
    • Nail Cosmetics
    • Eye Liner/ Eye Shadows
  • Personal Care
    • Skin Care
      • Moisturizers
      • Anti-aging Creams
      • Acne Treatments
    • Hair Care
      • Hair Care
      • Shampoos
      • Conditioners
      • Dyes
    • Sun Care
    • Body Care
  • Lotions
  • Shower Gels & Soaps
  • Baby Products

On the basis of function, global coco glucose can be segmented as:-

  • Cleansing Agent
  • Foaming Agents
  • Surfactant

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Coco Glucose: Key Players

Some the key players operating their business in the global coco glucose market are Seppic Inc, Innospec Inc, Croda International plc, SABO S.p.A., BASF SE, and, Dow Chemical Co Ltd among the others.

Opportunities for Coco Glucose Market Participants:

Coco glucose is anticipated to witness a remarkable growth and demand in the developing economies like Asia Pacific and Middle East and Africa. Increasing purchasing power, and growing awareness among the consumers about health and wellness is boosting the sales of beauty products in these regions. Besides, penetrating online retailing in these economies have provided cosmetic manufacturers to sell their products on a large platform and provide consumer ease of accessibility and choices of different cosmetic products on same a platform. Europe and North America are expected to have maximum market share for coco glucose owing to robust beauty and personal care industry growth in the region. In addition, the growing market for natural products and consolidation of several big cosmetic and personal care industry in these region is proliferating the demand for coco glucose.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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