May 21, 2024

Emollients Market Size to Surpass USD 2.66 Billion by 2033

The global emollients market size surpassed USD 1.68 billion in 2023 and is projected to be worth around USD 2.66 billion by 2033, growing at a CAGR of 4.73% from 2024 to 2033.

Key Points

  • Asia Pacific led the market with the largest market share of 34% in 2023.
  • North America is expected to experience rapid CAGR of 4.84% over the forecast period.
  • By form, the liquid segment has contributed more than 70% of the market share in 2023.
  • By form, the solid segment is anticipated to grow at the fastest rate over the forecast period.
  • By application, the skin care segment has accounted the largest market share of 39% in 2023.
  • By application, the hair care segment is expected to grow at the fastest rate during the projected period.
  • By type, the easter segment dominated the market with the major market share of 41% in 2023.
  • By type, the fatty acid segment is projected to experience the fastest growth during the forecast period.

Emollients Market Size 2024 to 2033

The Emollients Market is a dynamic sector within the skincare and personal care industry, primarily focused on providing moisturizing and softening effects to the skin. Emollients encompass a wide range of ingredients, including oils, butters, and esters, which are utilized in various cosmetic formulations such as lotions, creams, and ointments. With the growing consumer awareness regarding skincare and the increasing demand for natural and sustainable products, the emollients market has witnessed significant growth in recent years. This market encompasses both synthetic and natural emollients, catering to diverse consumer preferences and needs.

Get a Sample: https://www.precedenceresearch.com/sample/4151

Growth Factors:

Several key factors drive the growth of the emollients market. Firstly, the rising consumer inclination towards skincare products that offer hydration and nourishment has spurred the demand for emollients. Additionally, advancements in cosmetic formulations, leading to the development of innovative emollient blends with enhanced properties, have contributed to market expansion. Furthermore, the increasing prevalence of skin conditions such as dryness and eczema has amplified the adoption of emollient-based products, further fueling market growth.

Region Insights:

The emollients market exhibits a global presence, with significant regional variations in consumption patterns and market dynamics. North America and Europe dominate the market, driven by high consumer awareness, strong purchasing power, and a well-established cosmetics industry. Asia-Pacific, particularly countries like China, Japan, and India, is emerging as a lucrative market for emollients due to the growing urban population, rising disposable income, and increasing focus on personal grooming and skincare routines.

Emollients Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 4.73%
Global Market Size in 2023USD 1.68 Billion
Global Market Size in 2024USD 1.75 Billion
Global Market Size by 2033USD 2.66 Billion
Largest MarketNorth America
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Type, By Form, and By Application
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Emollients Market Dynamics

Drivers:

Several drivers propel the growth of the emollients market. These include the expanding aging population globally, as aging skin requires enhanced moisturization and hydration. Additionally, the influence of social media and beauty influencers has heightened consumer awareness regarding skincare, leading to increased demand for emollient-rich products. Moreover, the trend towards clean and green beauty has encouraged the use of natural emollients derived from plant sources, driving market growth.

Opportunities:

The emollients market is ripe with opportunities for innovation and expansion. One notable opportunity lies in the development of specialized emollients tailored to specific skin types and conditions, catering to the diverse needs of consumers. Furthermore, the increasing demand for multifunctional skincare products presents opportunities for emollient manufacturers to create formulations that offer additional benefits such as sun protection, anti-aging, and soothing properties.

Challenges:

Despite its growth prospects, the emollients market faces several challenges. One of the primary challenges is the stringent regulations governing the use of certain emollient ingredients, particularly synthetic compounds with potential health and environmental concerns. Moreover, the competition from alternative skincare ingredients and formulations poses a challenge to market growth. Additionally, fluctuations in raw material prices and supply chain disruptions can impact the profitability of emollient manufacturers.

Read Also: Dental Digital X-Ray Market Size to Reach USD 13.17 Bn by 2033

Competitive Landscape:

The emollients market is characterized by intense competition, with numerous players vying for market share. Key players in the market include multinational corporations as well as small to medium-sized enterprises. These companies compete based on factors such as product innovation, quality, pricing, and distribution channels. Strategic collaborations, mergers, and acquisitions are prevalent in the market as companies seek to expand their product portfolios and geographic presence to gain a competitive edge. Overall, the competitive landscape of the emollients market is dynamic and evolving, driven by changing consumer preferences and technological advancements in skincare formulations.

Emollients Market Recent Developments

  • In November 2023, Sonneborn, LLC, introduced plant derived SonneNatural NXG emollient. Reportedly, the new product improves the formation of lip care and personal care items owing to their sensory & firmness features.
  • In June 2023, Oleon is concentrating on the enzymatic esterification of ingredient development. Radia 7199ACT, an emollient and texture enhancer, and Jolee 7749ACT, a fatty ester that is good for skin and hair, are two of their most recent releases.
  • In March 2023, Clariant launched Plantasens Pro LM, a novel natural emollient, in response to consumers’ increasing interest in and understanding of skincare across the globe. The skin feels pampered, enriched, and opulent both during and after using this product.
  • In April 2022, Seppic launched EMOGREEN™ HP 40, a new bio-based & sustainable emollient that is highly pure and sustainable.
  • In November 2022, Givaudan launched Sensityl™, a cosmetic active ingredient that addresses the negative effects of stress on the skin and provides a soothing effect.
  • In September 2022, BASF and L’Oréal announced a partnership to develop sustainable bio-based surfactants for personal care applications, aiming to reduce the environmental impact of formulations.

Emollients Market Companies

  • BASF SE
  • Clariant
  • Eastman Chemical Company
  • The Lubrizol Corporation
  • Covestro AG
  • Evonik Industries AG
  • Hallstar
  • Croda International PLC
  • Ashland Inc.
  • Sasol
  • Lonza
  • Stepan Company
  • Oleon Health and Beauty
  • Solvay
  • Vantage Speciality Chemicals.

Segments Covered in the Report

By Type

  • Esters
  • Fatty Alcohols
  • Fatty Acids
  • Ethers
  • Silicones
  • Others

By Form

  • Solid
  • Liquid

By Application

  • Skincare
  • Hair Care
  • Deodorants
  • Oral Care
  • Others

By Geography

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

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/