Cosmetic and Toiletry Chemicals forecasts to 2010 and 2015
Released on = April 20, 2007, 11:14 pm
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = US demand to grow 5.4% per year through 2010
US demand for cosmetic and toiletry chemicals is forecast to rise 5.4 percent per year to $7.6 billion in 2010, aided by several factors including favorable population (age-related and ethnicity) and consumer (e.g., an anti-aging focus and greater use of \"natural\" products) trends.
Press Release Body = Cosmetic & Toiletry Chemicals forecasts to 2010 & 2015
US demand to grow 5.4% per year through 2010
US demand for cosmetic and toiletry chemicals is forecast to rise 5.4 percent per year to $7.6 billion in 2010, aided by several factors including favorable population (age-related and ethnicity) and consumer (e.g., an anti-aging focus and greater use of \"natural\" products) trends. As a result of these factors, active and plant-derived ingredients will benefit the most. Growth in demand for active ingredients, such as enzymes, amino acids and peptides, will be propelled by continued gains in cosmeceutical skin care products and high value additives such as nanoscale ingredients. Natural products, such as botanical extracts, soy protein, and natural fats and oils, are expected to achieve favorable growth opportunities, as their incorporation in various formulated products continues to increase.
Traditional cosmetic and toiletry chemicals, such as refined petroleum products and commodity surfactants, will experience limited gains, primarily due to the popularity of water-based formulations in skin and hair care products, consumers seeking products containing natural ingredients, and a trend away from harsh chemicals. Chemical advances in volume, while healthy overall, will be partially restrained by the use of higher value ingredients that are more effective at lower loadings.
Niche segments to provide market opportunities
Supplying materials that can improve on existing formulations, provide product differentiation or provide opportunities in an under served market niche is key to gaining or retaining market share in the cosmetic and toiletry chemical industry. There are a handful of segments in the cosmetic and toiletry industry that are poised to achieve rapid growth through 2010, including male grooming, ethnic and anti-aging products, as well as products for 50+ individuals. For men, products such as specialized facial cleansers and skin care items, higher value shaving products and hair care preparations will continue to emerge, providing opportunities for many ingredients, including moisturizing additives.
The growing Hispanic population in the US is prompting cosmetic and toiletry formulators to provide items specifically designed to meet the needs of this segment. Chemicals such as conditioning and moisturizing agents will likely benefit from growth in ethnic products. The country's obsession with youth will continue to drive introductions for anti-aging products, containing active ingredients designed to enhance a person's appearance by reducing wrinkles, firming skin or lightening age spots. As more baby-boomers move past the 50-year-old mark, more hair care, cosmetics and skin care products specifically formulated for gray hair and aging skin will emerge. Growth in this segment will bode well for active ingredients, delivery systems, conditioning agents and moisturizing agents.
Study coverage Details on these and other key findings are contained in Cosmetic & Toiletry Chemicals, a new Freedonia industry study priced at $4300. The study presents historical data (1995, 2000, 2005) plus forecasts to 2010 and 2015 in dollars by product, market and function. The study also assesses macroeconomic issues, evaluates company market share data and profiles over 30 US industry competitors.
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