UK personal care ingredients market is expected to project a CAGR of around 3.5%, during the forecast period. UK personal care ingredients market is mainly driven by the increasing health awareness, growing consumer’s consciousness regarding product ingredients and growing consumer’s willingness toward the purchase of professional skincare products. In September 2017, Lake Personal Care, a division of Lake Chemicals and minerals Ltd., a major producer and distributor of raw chemicals and ingredients in UK & Ireland had launched Redditch-based laboratory to drive new product developments in the personal care ingredients to meet customer demand. The launch of new laboratory in the country is anticipated to promote the growth of the personal care ingredients market in UK. In addition, the country had seen several new product launches which is further anticipated to drive the growth of the country’s market. For instance, in September 2019, Avon UK had launched its first vegan and eco-friendly skincare line “distillery” that included cleansing balm, SPF 25 Day cream, night cream, vitamin powder and purifying oil each of which can be purchased individually or in kit.
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UK 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, Clariant International 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.
Market Segmentation
4.1. UK Personal Care Ingredients Market by Ingredients
• Rheology Control Agents
• Surfactants
• Emollients
• Active Ingredients
• Emulsifiers
• Others (UV Filters and Pearlizers and Opacifiers)
UK 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
• Corbion N.V.
• Croda International Plc
• Eastman Chemical Co.
• Evonik Industries AG
• Huntsman International LLC
• Ingredion, Inc.
• Koninklijke DSM N.V.
• Lonza Group Ltd.
• Merck KGaA
• Solvay S.A.
• The Dow Chemical Co.
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