2025 Global Cosmetic Chemicals Market to Reach $27.73 Billion

According to a report published by ResearchandMarkets, a market consulting firm, North America will be the fastest growing market for cosmetic chemicals globally by 2025.

The global chemicals for cosmetics market is expected to reach USD 27.73 billion by 2025, growing at a CAGR of 5.8% from 2021 to 2025. The market growth is primarily attributed to an expanding consumer base, rising disposable income, growth in the cosmetics manufacturing industry, increasing urbanization, rapid adoption of cosmetics among millennials, and rising retail e-commerce sales.

The company noted that the growing trend toward organic cosmetics, increased consumer awareness, and rising allergy rates could threaten the growth of the cosmetic chemicals market. Notable trends in this market include the rise in popularity of male grooming, increased demand for skin care and anti-aging cosmetics, a surge in the use of fragrances in products, and continued research and development activities.

North America is the fastest growing regional market, mainly due to increased consumer spending on personal care and grooming activities in the region, increasing demand for chemicals for cosmetics due to soaring cosmetic industry, growing beauty consciousness, changing lifestyles, and growing number of working women in the region.