Personal Care Encapsulation Materials Market
Personal Care Encapsulation Materials Market Forecasts to 2028 – Global Analysis By Type (Lipids, Proteins), End User (Cosmetics, Personal Care), Application, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $6.71 BN |
|
Projected Year Value (2028) |
US $12.04 BN |
|
CAGR (2021 - 2028) |
8.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Personal Care Encapsulation Materials Market is accounted for $6.71 billion in 2021 and is expected to reach $12.04 billion by 2028 growing at a CAGR of 8.7% during the forecast period. Encapsulation is defined as a process of capturing the active agents within a carrier material. Personal care encapsulation materials are used in soaps, wrinkle creams, color cosmetics, shower gels, and others.
Market Dynamics:
Driver:
Increasing demand for essential oils
Increasing awareness in regards to the health benefits of naturally obtained oils along with expanding the number of individuals showing an inclination towards aromatherapy is likely to drive the market. Aromatherapy is gaining prominence, particularly among the urban population, because of changing lifestyles and rising media influence. Shifting the preference of customers in developed countries towards natural products made through environmentally sustainable processes is stirring up the demand for essential oil. Furthermore, rising utilization of premium products and upgraded standard of living of consumers, particularly in developing countries, are supporting the essential oil manufacturers which derive the market of personal care encapsulation materials.
Restraint:
The high price of raw materials
Raw materials needed for the manufacturing of encapsulates are derived from petroleum-based resins. Hence, fluctuation in crude oil prices will act as a major restraint for the personal care encapsulation materials market. In the global scenario, OPEC counties and Russia are fluctuating the price of crude oil. And recent US sanctions on Iran are a major factor that will increase per barrel of crude oil price. These are the restraints that will affect the global personal care encapsulation materials market near future.
Opportunity:
Emerging e-commerce companies and ease of available products
An increase in prospective population combined with the factors which are prompting the growth of the market such as increasing personal disposable income and expanding internet penetration in the region. Further, the distribution of personal care encapsulation materials market plays a huge role in the success of a company as it directly impacts the demand and supply in the market and hence the revenue. With the increasing penetration of the internet and e-commerce across the globe, the reach of personal care products companies has expanded. The advantages of e-commerce have not only benefitted the companies but also the consumers in terms of pricing and the vast range of options available to them. Additionally, new customers have also been attracted by the online distribution route.
Threat:
Governmental regulations against cosmetic products
Personal care products are regulated by different government entities around the world. These regulatory systems change in every country; however, they have a common goal of ensuring the safety and proper labeling of personal care products. This restricts the utilization of new ingredients globally, subsequently hindering the improvement of personal care products. These stringent regulations delay or prevent the launch of new products, increase the prices of any new product introduced in the market, and may lead to product recalls. Consequently, the implementation of new regulations and modifications to the existing regulations negatively affect the growth of the market.
The lipids segment is expected to be the largest during the forecast period
The lipids segment is estimated to have a lucrative growth as lipids find increasing application in soap and shower gel manufacturing as they offer an assortment of chemical compositions. With consumers prefer green cosmetics owing to the inclusion of natural ingredients and the health benefits associated with them, the demand for lipids derived from plants and other biotechnological origins is on the rise.
The soaps segment is expected to have the highest CAGR during the forecast period
The soaps segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the increasing concern for personal grooming and rising hygiene-consciousness among consumers has encouraged them to opt for skin-friendly bath soaps. Manufacturers are introducing eco-friendly bath soaps containing natural or organic ingredients which are safe for both humans and the environment.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the growth in global economies, changing lifestyles, and rising demands for skin and sun care products due to varying climatic conditions. A shift of preference toward natural and organic beauty products, particularly in the U.S. drives the growth of the cosmetics market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to rising demand for natural, herbal, and organic beauty products creating potential opportunities for manufacturers to innovate and develop new products in accordance with consumer preferences.
Key players in the market
Some of the key players profiled in the Personal Care Encapsulation Materials Market include Sumitomo Corporation, Lipo Chemicals, BASF SE, Korea Particle Technology Inc. (K.P.T), E. I. du Pont de Nemours and Company, Durae Corporation, Croda, Biogenoci Co. Ltd., AB Specialty Silicones, Lambson Ltd, Chongqing Pellets Techniques (Pellets) and International Flavors & Fragrances (IFF).
Key Developments:
In August 2020, BASF SE introduced a new production line at the Kaohsiung site in Taiwan to double the production of Uvinul A Plus, an ingredient used for UVA (UV longest wavelength) protection. It is used in various sun and skin care formulations. The production line was introduced to meet the rising demand from consumers in the Asia Pacific market.
In September 2019, International Flavors & Fragrances (IFF) announced that it has completed the acquisition of Speximo AB, a Swedish technology company focused on developing next-generation stabilization and encapsulation products. This will support IFF's strategy to develop sustainable personal care and cosmetic products, along with other potential commercial application areas.
Applications Covered:
• Wrinkle Creams
• Soaps
• Color Cosmetics
• Aromatherapy Products
• Shower and Bath Gels
Types Covered:
• Synthetic polymers
• Lipids
• Proteins
• Polysaccharides
• Microencapsulation
• Other Material Types
End Users Covered:
• Textiles
• Pharmaceuticals
• Cosmetics
• Personal Care
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Personal Care Encapsulation Materials Market, By Application
5.1 Introduction
5.2 Wrinkle Creams
5.3 Soaps
5.4 Color Cosmetics
5.5 Aromatherapy Products
5.6 Shower and Bath Gels
6 Global Personal Care Encapsulation Materials Market, By Type
6.1 Introduction
6.2 Synthetic polymers
6.2.1 Polyvinyl Alcohol
6.2.2 Polypropylene
6.2.3 Low-Density Polyethylene
6.2.4 Nylon
6.2.5 Poly(Vinylpyrrolidone)
6.2.6 Acrylic Polymers
6.3 Lipids
6.3.1 Wax
6.3.2 Paraffin
6.3.3 Oil
6.4 Proteins
6.4.1 Soy Proteins
6.4.2 Gelatin
6.4.3 Casein
6.5 Polysaccharides
6.5.1 Chitosan
6.5.2 Starches
6.5.3 Cyclodextrines
6.5.4 Gums
6.5.5 Cellulose
6.6 Microencapsulation
6.7 Other Material Types
6.7.1 Silicates
6.7.2 Polyphosphates
6.7.3 Clays
7 Global Personal Care Encapsulation Materials Market, By End User
7.1 Introduction
7.2 Textiles
7.3 Pharmaceuticals
7.4 Cosmetics
7.5 Personal Care
8 Global Personal Care Encapsulation Materials Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Sumitomo Corporation
10.2 Lipo Chemicals
10.3 BASF SE
10.4 Korea Particle Technology Inc. (K.P.T)
10.5 E. I. du Pont de Nemours and Company
10.6 Durae Corporation
10.7 Croda
10.8 Biogenoci Co. Ltd.
10.9 AB Specialty Silicones
10.10 Lambson Ltd
10.11 Chongqing Pellets Techniques (Pellets)
10.12 International Flavors & Fragrances (IFF)
List of Tables
1 Global Personal Care Encapsulation Materials Market Outlook, By Region (2020-2028) ($MN)
2 Global Personal Care Encapsulation Materials Market Outlook, By Application (2020-2028) ($MN)
3 Global Personal Care Encapsulation Materials Market Outlook, By Wrinkle Creams (2020-2028) ($MN)
4 Global Personal Care Encapsulation Materials Market Outlook, By Soaps (2020-2028) ($MN)
5 Global Personal Care Encapsulation Materials Market Outlook, By Color Cosmetics (2020-2028) ($MN)
6 Global Personal Care Encapsulation Materials Market Outlook, By Aromatherapy Products (2020-2028) ($MN)
7 Global Personal Care Encapsulation Materials Market Outlook, By Shower and Bath Gels (2020-2028) ($MN)
8 Global Personal Care Encapsulation Materials Market Outlook, By Type (2020-2028) ($MN)
9 Global Personal Care Encapsulation Materials Market Outlook, By Synthetic polymers (2020-2028) ($MN)
10 Global Personal Care Encapsulation Materials Market Outlook, By Polyvinyl Alcohol (2020-2028) ($MN)
11 Global Personal Care Encapsulation Materials Market Outlook, By Polypropylene (2020-2028) ($MN)
12 Global Personal Care Encapsulation Materials Market Outlook, By Low-Density Polyethylene (2020-2028) ($MN)
13 Global Personal Care Encapsulation Materials Market Outlook, By Nylon (2020-2028) ($MN)
14 Global Personal Care Encapsulation Materials Market Outlook, By Poly(Vinylpyrrolidone) (2020-2028) ($MN)
15 Global Personal Care Encapsulation Materials Market Outlook, By Acrylic Polymers (2020-2028) ($MN)
16 Global Personal Care Encapsulation Materials Market Outlook, By Lipids (2020-2028) ($MN)
17 Global Personal Care Encapsulation Materials Market Outlook, By Wax (2020-2028) ($MN)
18 Global Personal Care Encapsulation Materials Market Outlook, By Paraffin (2020-2028) ($MN)
19 Global Personal Care Encapsulation Materials Market Outlook, By Oil (2020-2028) ($MN)
20 Global Personal Care Encapsulation Materials Market Outlook, By Proteins (2020-2028) ($MN)
21 Global Personal Care Encapsulation Materials Market Outlook, By Soy Proteins (2020-2028) ($MN)
22 Global Personal Care Encapsulation Materials Market Outlook, By Gelatin (2020-2028) ($MN)
23 Global Personal Care Encapsulation Materials Market Outlook, By Casein (2020-2028) ($MN)
24 Global Personal Care Encapsulation Materials Market Outlook, By Polysaccharides (2020-2028) ($MN)
25 Global Personal Care Encapsulation Materials Market Outlook, By Chitosan (2020-2028) ($MN)
26 Global Personal Care Encapsulation Materials Market Outlook, By Starches (2020-2028) ($MN)
27 Global Personal Care Encapsulation Materials Market Outlook, By Cyclodextrines (2020-2028) ($MN)
28 Global Personal Care Encapsulation Materials Market Outlook, By Gums (2020-2028) ($MN)
29 Global Personal Care Encapsulation Materials Market Outlook, By Cellulose (2020-2028) ($MN)
30 Global Personal Care Encapsulation Materials Market Outlook, By Microencapsulation (2020-2028) ($MN)
31 Global Personal Care Encapsulation Materials Market Outlook, By Other Material Types (2020-2028) ($MN)
32 Global Personal Care Encapsulation Materials Market Outlook, By Silicates (2020-2028) ($MN)
33 Global Personal Care Encapsulation Materials Market Outlook, By Polyphosphates (2020-2028) ($MN)
34 Global Personal Care Encapsulation Materials Market Outlook, By Clays (2020-2028) ($MN)
35 Global Personal Care Encapsulation Materials Market Outlook, By End User (2020-2028) ($MN)
36 Global Personal Care Encapsulation Materials Market Outlook, By Textiles (2020-2028) ($MN)
37 Global Personal Care Encapsulation Materials Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
38 Global Personal Care Encapsulation Materials Market Outlook, By Cosmetics (2020-2028) ($MN)
39 Global Personal Care Encapsulation Materials Market Outlook, By Personal Care (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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