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Vegan Cosmetics and Personal Care Ingredients Market Share

  • Report ID: GMI11506
  • Published Date: Sep 2024
  • Report Format: PDF

Vegan Cosmetics and Personal Care Ingredients Market Share

Ashland, BASF SE, Croda International Plc, Dow Inc., Eastman Chemical Company collectively dominate the market with their extensive industry experience, innovative product offerings, and widespread global presence.
 

Ashland specializes in innovative ingredient solutions for cosmetics and personal care products, including those that align with vegan and sustainable principles. The company's portfolio includes plant-based emulsifiers and natural polymers, which are crucial for formulating vegan-friendly products. Ashland’s commitment to sustainability and ethical practices supports the growing demand for vegan cosmetics and personal care ingredients. BASF SE is a global leader in chemicals and materials, offering a range of vegan and natural ingredients for the cosmetics and personal care industry. Their portfolio includes plant-derived actives and sustainable solutions that cater to the growing consumer preference for ethical and cruelty-free products. BASF’s advancements in green chemistry align with the market trend towards vegan and environmentally friendly personal care solutions.
 

Croda International Plc provides high-performance, sustainable ingredients for the cosmetics and personal care sectors, including vegan formulations. Their focus on plant-based and eco-friendly ingredients supports the demand for cruelty-free and ethical products. Croda’s innovation in natural and renewable raw materials makes it a key player in the vegan cosmetics and personal care ingredients industry. Dow Inc. offers a range of ingredients and technologies that support the development of vegan cosmetics and personal care products. Their portfolio includes bio-based and sustainable raw materials that meet the rising consumer demand for vegan and cruelty-free options. Dow’s commitment to innovation in sustainable chemistry plays a crucial role in advancing the vegan personal care market. Eastman Chemical Company provides a variety of ingredients used in vegan cosmetics and personal care products, focusing on sustainability and ethical sourcing. Their offerings include bio-based polymers and other eco-friendly materials that align with the growing trend towards vegan and natural personal care solutions. Eastman’s dedication to reducing environmental impact supports the expansion of the vegan cosmetics market.
 

These market leaders collectively shape the competitive landscape of the vegan cosmetics and personal care ingredients industry, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of vegan cosmetics and personal care ingredients, contributing significantly to the growth and development of the global construction industry.
 

Vegan Cosmetics and Personal Care Ingredients Market Companies

Major players operating in the industry include:

  • Ashland
  • BASF SE
  • Croda International Plc
  • Dow Inc.
  • Eastman Chemical Company
  • Evonik Industries AG
  • Givaudan SA
  • Lonza Group Ltd.
  • Solvay SA
  • Symrise AG
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global vegan cosmetics and personal care ingredients market was valued at around USD 10.07 billion in 2023 and is expected to record a CAGR of over 7% between 2024 and 2032, due to growing consumer demand for skincare solutions, alongside inclination for ingredient transparency and ethical practices.

Plant-based oils and butters segment accounted for USD 3.16 billion in 2023 and is expected to reach USD 5.88 billion in 2032, due to their superior moisturizing, nourishing, and restorative properties.

Europe market generated a revenue of USD 3.55 billion in 2023 and will continue to grow through 2032, due to its strong emphasis on sustainability, ethical consumerism, and stringent regulatory standards.

Ashland, BASF SE, Croda International Plc, Dow Inc., Eastman Chemical Company, Evonik Industries AG, Givaudan SA, Lonza Group Ltd., Solvay SA, and Symrise AG among others.

Vegan Cosmetics and Personal Care Ingredients Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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