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Bio-Based Cosmetics And Personal Care Ingredients Market

The growth of the global bio-based cosmetics and personal care ingredients market can be attributed to the rising awareness about the harmful-effects of synthetic chemicals, government regulations constraining the practice of synthetic ingredients in personal care products and cosmetics coupled with the impact of advertising strategies on consumer faith.<br>

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Bio-Based Cosmetics And Personal Care Ingredients Market

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  1. Global Bio-Based Cosmetics And Personal Care Ingredients Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2022-2028

  2. Global Bio-Based Cosmetics and Personal Care Ingredients Market - Industry Trends & Forecast Report 2028  A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global Bio-Based Cosmetics and Personal Care Ingredients market was worth USD 3.5 billion in 2021 and is anticipated to reach USD 4.9 billion by 2028 at a CAGR of 5.2%. This is attributable to initiatives being taken by various governments throughout the world to encourage the usage of bio-based cosmetics. Moreover, the increasing awareness about the harmful impacts of synthetic cosmetics is making the population turn towards bio-based and natural options, thus propelling the growth of the bio-based cosmetics and personal care ingredients market.

  3. Growth Drivers  Raising Awareness About Ill-Effects of Synthetic Chemicals Expected To Drive The Bio-Based Cosmetics And Personal Care Ingredients Market Growth Over the recent years, customers have exhibited intense interest in greener and cleaner products owing to the rising awareness of the potential side-effects of synthetic ingredients in personal care ingredients and cosmetics. Thus, the escalating consumer demand for natural and bio-based products derived from fats and oils has led to the widespread growth of the bio-based cosmetics and personal care ingredients market. Furthermore, the key market players in the cosmetic industry are substituting synthetic chemicals with bio-based ingredients. 

  4. Restraints  High Costs And Efficacy Concerns Associated With Bio-Based Cosmetics And personal Care Products. Despite major factors supporting the growth of bio-based cosmetics and personal care ingredients, various aspects act to hamper the market growth. One of the foremost among them is the remarkably high cost of bio-based products. Moreover, the concerns associated with the efficacy of bio-based products in comparison with synthetic counterparts are further restraining the market growth. The primary cost additions comprise the higher cost of raw materials and operational cost due to the extra downstream processing needed to ensure the efficacy and purity of bio-based ingredients.

  5. Impact of COVID-19 The bio-based cosmetics and personal care ingredients market was negatively impacted due to COVID-19 in 2020 in different ways. Such as transportation limitations implemented worldwide in response to the pandemic and resulted in the disruption of the supply chain of primary raw materials required for the manufacture of cosmetics and personal care products. This disruption in the supply chain acted as a major challenge that restrained the growth of this market globally. However, the post pandemic changes in social, trade, economic and political conditions coupled with anticipated reforms in the environmental regulations are expected to shape the future of the bio-based cosmetics and personal care ingredients market.

  6. Regional Insights Based on regions, the global bio-based cosmetics and personal care ingredients market has been segmented into five categories- North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Amidst the segmentation, North America dominated the global Bio-Based Cosmetics and Personal Care Ingredients market share in 2021. Moreover, North America is presently the principal revenue-generating region in the global bio-based cosmetics and personal care ingredients market.  Sample Copy of the Report:https://www.blueweaveconsulting.com/report/bio-based-cosmetics-and-personal-care-ingredients-market/report-sample

  7. Competitive Landscape The key players dominating the global bio-based cosmetics and personal care ingredients market are Ashland, BASF SE, Clariant, Croda International Plc, Covestro AG, DuPont Tate & Lyle Bio Products, DSM, Dow, Evonik Industries AG, Eastman Chemical Company, ELEMENTIS PLC, Genomatica Inc., Nouryon, Sollice Biotech, Solvay, Lubrizol Corporation and other prominent players. The significant market pioneers maintain their dominance in the market by launching new and enhanced products and integrating the latest and advanced technologies into their products, investing in research and development, and product diversification. Different strategies are adopted, like engaging in strategic alliances, agreements, mergers, and collaborations.

  8. Recent Development October 2021: Ashland launched a new range of gentle deodorants named Sensidin, a pure skin multifunctional that provides powerful and fast efficacy against odor-causing bacteria at very low use concentrations while respecting the individual microbiome. June 2021:Symrise announced the launch of Hydrolite 7 Green which is a 100%next generation bio-based cosmetic multifunctional. The unique 7 carbon alkanediol is claimed to be obtained from sustainably sourced castor bean oil. It is a clear, colorless, and neat ingredient that can be complemented with various traditional or green cosmetic formulations, which work on most all skin types.

  9. Key Players The key players dominating the global Bio-Based Cosmetics and Personal Care Ingredients market are Ashland, BASF SE, Clariant, Croda International Plc, Covestro AG, DuPont Tate & Lyle Bio Products, DSM, Dow, Evonik Industries AG, Eastman Chemical Company, ELEMENTIS PLC, Genomatica Inc., Nouryon, Sollice Biotech, Solvay, Lubrizol Corporation and other prominent players.

  10. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  11. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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