Cosmetic Ingredients Market Definition
Cosmetic ingredients are either synthetic or natural-based ingredients derived from plants. They are widely used to make cosmetics and personal care products such as body lotions, lipsticks, eyeliners, moisturizers, sunscreen, and others. Their presence provides thickening, moisturizing, anti-oxidant, and anti-inflammatory properties to cosmetic products. Rising consumer demand for cosmetics and personal care products is accelerating the growth of the market in the coming years.
However, stringent Governmental regulations due to the hazardous effects of synthetic or chemical cosmetic ingredients on human skin may hinder the market’s growth. Rising consumers inclined towards cosmetic products containing natural and sustainably sourced ingredients along with the significant rise in disposable income in developing nations are enabling consumers to spend more on cosmetic products, contributing to the overall growth of the cosmetic ingredients market.
In September 2024, Symrise opened its first cosmetic ingredient facility in Chennai, Tamil Nadu, India. The state-of-the-art manufacturing site will blend a wide range of high-quality ingredients for the Indian market. It represents an important milestone in Symrise’s growth strategy in the Asia-Pacific region. The high-tech facility covers a total area of 1,788 square meters.
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