Cosmetic Lipid Ingredients Market size to surpass $19 Bn by 2032

Cosmetic Lipid Ingredients Market size is anticipated to reach USD 19 billion by 2032, according to the recent research report by Global Market Insights, Inc.
 

Increasing demand for men grooming products coupled with a positive outlook toward cosmetic and personal care products is a key driver behind industry growth. As per the U.S. Securities and Exchange Commission, men’s grooming products capture for nearly 8% of the total U.S. personal care and beauty products sales, which is likely to bolster the demand for cosmetic lipid ingredients.
 

Moreover, cosmetic lipid ingredients find huge applications in personal care products and cosmetics. In fact, the major ingredient in cosmetic emulsions, which account for bulk of personal care products are lipids. Lipids keep the skin hydrated and form a protective barrier in order to keep external particles at bay. Surging per capita disposable income in populous Asian economies such as South Korea, India, and China has increased the demand for cosmetics, creating a strong impetus for cosmetic lipid ingredients market growth.
 

Antioxidant properties of algae lipids to spur source segment expansion

Based on source, the algae segment is estimated to cross USD 5.5 billion by 2032, on account of their antioxidant and anti-inflammatory properties. In fact, algae lipids have the ability to counteract changes observed in skin inflammatory diseases. They are cheap to produce which makes them suitable for production in low-income economies. In addition, algae lipids can also be used as topical agents in the cosmeceutical industry.
 

Browse key industry insights spread across 246 pages with 415 market data tables & 42 figures & charts from the report, “Cosmetic Lipid Ingredients Market - By Product (Triglycerides, Phospholipids, Sphingolipids, Ionizable lipids), By Source (Plant Based {Vegetable Oil, Nuts Oil, Fruit Seeds, Other Plant-source}, Animal Based, Algae, Insects), By Application (Skincare products, Haircare products, Makeup) & Global Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cosmetic-lipid-ingredients-market

Water retention characteristic of sphingolipids to fuel product demand

Based on product, the sphingolipids segment is set to grow at around 6.5% CAGR from 2023 to 2032. Sphingolipids such as ceramides are abundantly found on the skin and possess water retention property, which propels their adoption in cosmetic applications. Furthermore, sphingolipids have structural and biological functions in epidermis and help maintain the skin’s barrier function. They are also responsible for regulation of cellular processes such as differentiation, proliferation, and apoptosis of keratinocytes. 
 

Emollient effects of cosmetic lipid ingredients to augment makeup application segment growth

Based on application, cosmetic lipid ingredients market from the makeup segment is predicted to surpass USD 5.5 billion by 2032. The emollient and skin-softening properties of lipids make them suitable for makeup applications. They can be used as emulsifiers and surfactants and function as texturizers to provide consistency to gel-like products. Additionally, they work as fragrance and color carriers, which favors their adoption in makeup products. 
 

Growing spending power to strengthen North America market

North America cosmetic lipid ingredients market will showcase a growth rate of around 5% up to 2032, owing to recovering economy and growing spending capacity of people. As per Bureau of Economic Analysis, real GDP grew at a 2.9% annual rate in the U.S. in the fourth quarter of 2022, which is expected to increase consumer spending power. However, regional growth can also be ascribed to changing lifestyles of people which is increasing their interests in cosmetics and personal care products.  
 

Partnerships to outline competitive landscape

Some of the major cosmetic lipid ingredients market players are Croda International PLC, Polaris, Stepan Company, NOF Corporation, ABITEC Corporation, Merck Group, Royal DSM, Evonik Industries AG, Neptune Wellness Solutions, and Cargill Incorporated, among others. Many of these firms are emphasizing partnership strategies to extend their global footprint.
 

The strategic move will help the company manufacture sophorolipids & glycolipids for personal care, home, and I&I markets. In fact, the partnerships aim to strengthen BASF’s leading position in bio-based surfactants and actives space while broadening its product portfolio.