Cosmetic Lipid Ingredients Market - By Product (Triglycerides, Phospholipids, Sphingolipids, Ionizable lipids), By Source (Plant Based, Animal Based, Algae, Insects), By Application (Skincare products, Haircare products, Makeup) & Global Forecast, 2023-2032
Report ID: GMI5511
|
Published Date: March 2023
|
Report Format: PDF
Download Free PDF
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2022
Companies covered: 16
Tables & Figures: 352
Countries covered: 21
Pages: 246
Download Free PDF
Cosmetic Lipid Ingredients Market
Get a free sample of this report
Get a free sample of this report Cosmetic Lipid Ingredients Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Cosmetic Lipid Ingredients Market Size
Cosmetic Lipid Ingredients Market size was valued at over USD 10 billion in 2022. Driven by growing beauty products and functional cosmetics sector, the industry is anticipated to grow at 5.5% CAGR from 2023 to 2032.
The skin benefits associated with cosmetic lipid ingredients have elevated their demand in beauty and cosmetics sector. Cosmetic lipid ingredients such as phospholipids are one of the most powerful humectants, which help retain the necessary moisture content in the skin and are widely used in cosmetics. In fact, another form of cosmetic lipid ingredient, lipopeptides demonstrate superior emulsifying, low-skin irritation, anti-wrinkle, washability, and anti-wrinkle effects, which is likely to bolster their adoption in cosmetic cleansing applications.
Furthermore, growing occurrence of skin problems such as dryness, acne, psoriasis, and rashes has proliferated the use of various lipid ingredients in cosmetics, elevating industry landscape. As per the National Eczema Association, nearly 31.6 million people, which accounts for 10.1% of the population have some form of eczema in the U.S. alone, which is likely to hasten the demand for lipid ingredients in cosmetics.
Fluctuations in raw material prices may restrain industry development
Despite a broad scope for product adoption, the industry faces a major challenge due to fluctuations in raw material prices. Over the last two years, the ever-changing prices of bioactive agents, fats, phospholipids, waxes, vegetable oils, and other raw materials used in production of cosmetic lipid ingredients have presented barriers to industry development. Moreover, fluctuations in the price of raw materials and finished products have further given birth to uncertainties across the supply chain, impeding industry expansion.
Cosmetic Lipid Ingredients Market Analysis
Based on product, cosmetic lipid ingredients market from the phospholipids segment is anticipated to witness a valuation of over USD 5.5 billion by 2032. Phospholipids have superior moisturizing properties without being occlusive and assist the skin’s reparative functions. In addition, they help deliver other ingredients effectively to the skin and demonstrate antioxidant effects. They find huge applications as excipients in personal care products and cosmetics. In fact, lecithin, a common type of phospholipid is used in skin care products as a water-binding agent, emollient, and emulsifying agent.
With respect to application, cosmetic lipid ingredients market from the skincare products segment is poised to record a valuation of over USD 7.5 billion by 2032. Rising demand for anti-aging treatment and skincare products amongst millennials has also augmented the demand for cosmetic products, favoring cosmetic lipid ingredients industry progress.
Moreover, lipids are known to prevent skin irritation and dryness by retaining essential moisture content. The increasing demand for personal care products for treating skin dryness owing to growing consumer inclination towards hygiene and healthy skin has bolstered the demand for cosmetic lipid ingredients for skincare applications.
Based on source, cosmetic lipid ingredients market from plant-based segment is anticipated to grow at over 5.5% CAGR from 2023 to 2032, owing to growing usage of plant-based lipids such as fatty acids, plant oils, and others as cosmetic emulsions. In fact, plant-based lipids can protect the skin from xenobiotics, favoring their demand for cosmetic applications. Some commonly used sources of plant-based cosmetic lipid ingredients include walnut oil, chia seeds, soybean oil, algae oil, and others.
Regionally, Asia Pacific cosmetic lipid ingredients market is poised to grow at over 6% CAGR from 2023 to 2032. Surging awareness among consumers about products that merge cosmeceutical and pharmaceutical products such as spot lightening cream, acne treatment lotion, acne ointment, and others is likely to proliferate natural cosmetic and cosmeceutical product demand in China, augmenting industry share.
Cosmetic Lipid Ingredients Market Share
The list of major cosmetic lipid ingredients market players includes names such as: Cargill Incorporated,
Many of these firms are focusing on capacity expansion strategies to enhance their industry position. Citing an instance, in January 2022, Evonik Industries AG, a German specialty chemicals company, announced the development of an industrial-scale unit for the production of rhamnolipid biosurfactants in Slovakia.
Impact of COVID-19 Pandemic
Despite a strong demand for personal care products and cosmetics during COVID-19 pandemic, prolonged lockdown hampered supply chains, creating a negative impact on market value. However, growing consumer demand for natural and plant-based ingredients in cosmetics is likely to bring the industry back to normalcy in the post-COVID-19 era. In addition, growing efforts by government towards strengthening trade of personal care products are likely to supplement industry growth. In fact, U.S. Commerce Department recently launched an export promotion initiative around personal care products.
The cosmetic lipid ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2018 to 2032 for the following segments:
Click here to Buy Section of this Report
By Source
By Product
By Application
By Region