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Robust Demand for Skincare Cosmeceuticals Drives the Global Cosmetic Chemicals Market, According to New Report by Global Industry Analysts, Inc.
Date:12/3/2013

San Jose, California (PRWEB) December 03, 2013

Follow us on LinkedIn - The global market for cosmetic chemicals is expected to grow steadily, led by increased consumer spending on cosmetic and toiletry products. In particular, strong demand for anti-aging cosmetics among the aging baby boomer population is helping drive growth. Demand for male grooming, skin whitening, facial care and sun care products is witnessing robust gains. Rising demand for cosmetic products formulated with natural ingredients despite their higher cost in comparison to synthetic materials, is driving demand for organic grade cosmetic chemicals derived from botanical extracts, enzymes and amino acids. Botanical extracts, in particular, are expected to benefit from their favorable perception as a natural and healthy option compared to conventional cosmetic chemicals such as commodity surfactants and petroleum oils. Aided by biotechnology, the market is expected to benefit from advances in raw material science. High research costs and regulatory hurdles however remain challenges to growth.

As stated by the new market research report on Cosmetic Chemicals, the United States represents the single largest market worldwide. Growing demand for men’s grooming products is expected to spur demand for moisturizing additives, while strong demand for anti-aging products will drive use of active ingredients with the ability to address issues such as lightening age spots, wrinkle reduction, and skin firming. Though North America and Europe continue to be major markets, emerging countries supported by increasing purchasing power of the middle class, will drive future growth. Asia-Pacific and Latin America are thus expected to play a major
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