Japan personal care ingredients market is expected to project a CAGR of 4.1%, during the forecast period. The country has a deeply penetrated tradition of using cosmetics which had driven the country’s position in the personal care products market. Japan has a very highly competitive cosmetics manufacturing market with the presence of various leading companies as well as domestic companies that have significant footprints in the global personal care ingredient market. For instance, Nagase Group had its operations in more than 27 countries across the regions including Asia-Pacific, North America, and Europe. The personal care ingredients manufactured by the company as well as newly launched ingredients are available all across the company’s locations.
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Japan personal care ingredients market is segmented on the basis of ingredients and application. Based on ingredients, the market is segmented into rheology control agents, surfactants, emollients, active ingredients, emulsifiers, and others. Based on application, the market is further classified into hair care, oral care, skin care, cosmetics, and others (fragrances and toiletries). Among these applications, the skin care segment is among the major application of personal care ingredients. The rising availability of specific-purpose skin care solutions, such as anti-aging creams and lotions, sunscreen lotions, and anti-acne creams is driving the growth of the market in skin care application.
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Furthermore, some of the key players in the market include BASF SE, Nagase Group, Nikko Chemicals Co., Ltd., The Dow Chemical Co., Evonik Industries AG, Solvay S.A. These companies are using several strategies to expand market share and gain a competitive advantage over their competitors. The strategies include new product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in March 2020, Nagase Group launched Glucosyl Naringin, a citrus-derived anti-aging cosmetic ingredient, which is available all across the company’s location. It is intended to promote the production of elastin, an extracellular matrix protein involved in the maintenance of skin elasticity, and the formation of elastin fiber which is effective in reducing wrinkles and skin sagging.
Market Segmentation
Japan Personal Care Ingredients Market by Ingredients
• Rheology Control Agents
• Surfactants
• Emollients
• Active Ingredients
• Emulsifiers
• Others (UV Filters and Pearlizers and Opacifiers)
Japan Personal Care Ingredients Market by Application
• Hair Care
• Oral Care
• Skin Care
• Cosmetics
• Others (Fragrances and Toiletries)
Company Profiles
• Ashland Global Holdings, Inc.
• BASF SE
• Eastman Chemical Co.
• Evonik Industries AG
• Koninklijke DSM N.V.
• Merck KGaA
• Nagase Group
• Nikko Chemicals Co., Ltd.
• Solvay S.A.
• The Dow Chemical Co.
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