Functional Cosmetic Ingredient Market Introduction:
Natural, organic and functional cosmetics are among the fastest growing beauty products category currently. This includes, skin care and anti-aging ingredients and products, sun protection ingredients and cosmetic products, hair care ingredients and products and others. Moreover, introduction of natural ingredients in cosmetic formulations has led to rapid growth of functional cosmetics ingredients in the cosmeceutical products. Functional cosmetic ingredients possess certain properties affecting the form, texture, consistency, fragrance and delivery system of the final cosmetic product. Functional ingredients are inactive ingredients that make over the counter drugs work delivering primary benefits to the skin and aid the performance of the active ingredient. Most common type of functional cosmetic ingredients are surfactants, conditioning and moisturizing agents, colorants, fragrance ingredients and others. Functional cosmetic ingredients in a skin care formulation are often regarded as vehicles for the delivery of active or performance ingredients. The global functional cosmetic ingredient market is expected to witness significant growth over the forecast period owing to booming cosmetic industry across the globe.
Functional Cosmetic Ingredient Market Segmentation:
The functional cosmetic ingredient market is segmented into, product type, nature, form, area of application, and by region. By product type, the global functional cosmetic ingredient market is segmented into, emollient, emulsifying agent, preservative, surfactant, humectant, thickeners or texturizers and others. Such ingredients function as skin regenerating agents, skin lightening, anti-aging, skin brightening, and anti-microbial agents. By nature the global functional cosmetic ingredient market is segmented in to natural ingredients and synthetic ingredients. Natural ingredients segment is expected to represent significant growth opportunities in the global functional cosmetic ingredients market over the forecast period owing shift towards natural and clean label cosmetic products by consumers across the globe. By form the global functional cosmetic ingredient market is segmented into, solids, semi-solid and liquid form. By area of application the global functional cosmetic ingredient market is segmented into, skin and skin care applications, hair care, fragrance and aromatherapy, decorative cosmetics and toiletries. Skin care and decorative cosmetics application segment is expected to create immense growth opportunities in the global functional cosmetic ingredients market.
Functional Cosmetic Ingredient Market Regional Outlook:
On the basis of region the global functional cosmetic ingredient market is segmented into, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Western Europe are expected to account for significant revenue shares in the global functional cosmetic ingredient market over the forecast period. Growing focus towards maintaining personal aesthetics coupled with rapidly aging population seeking to remain youthful, as well as increasing desire of younger individuals intending to stave off the first signs of aging is expected to fuel the market growth of cosmetic functional ingredients market over the forecast period. Asia pacific and Middle East countries are expected to create significant growth opportunities in the overall functional cosmetic ingredients market over the forecast period.
Functional Cosmetic Ingredient Market Drivers and Trends
The usage of cosmeceuticals has drastically hiked during the recent past years which in turn has expanded the spectrum of products offered by cosmetic products manufacturers thus fueling the functional cosmetic ingredients market growth over the forecast period. Increasing use of natural functional ingredients by cosmetic products manufacturers is expected to increases the sales prospects of cosmetic products that are organic and natural thus escalating the market growth over the forecast period. Moreover, rapidly aging population, growing skin care concerns coupled with rising healthcare spending power across the globe is expected to escalate the market revenues in the global cosmetic functional ingredients market growth over the forecast period.
Functional Cosmetic Ingredient Market Key Players:
Some of the key players offering Functional Cosmetic Ingredient include; AAK Personal Care, AMSilk GmbH, Sensient Cosmetic Technologies, Merck & Co., Inc., NOF CORPORATION, Berg + Schmidt GmbH & Co. KG, Symrise AG, NVORGANICS PVT.LTD. and others.
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
- Actionable Results to meet all the business priorities
- 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
- 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.
2. Insights and Tools
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.
3. Actionable Results
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.
4. Strategic Frameworks
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.