US demand to grow 5.0% annually through 2016
US demand for cosmetic and toiletry chemicals is forecast to rise 5.0 percent per year to $9.9 billion in 2016. Greater consumer spending on cosmetic and toiletry products, as well as trends favoring organic and natural formulations, will continue to aid growth in chemical demand. Advances in volume demand will remain healthy, though limited by the increasing use of higher value ingredients that are more effective at lower loadings.
Nanoscale ingredients, botanical extracts among products consumers prefer
Consumer preference for active and natural ingredients will drive demand for products such as enzymes, amino acids, and botanical extracts. Increasing use of cosmeceutical skin care products will aid consumption of such high value additives as nanoscale ingredients. Botanical extracts will benefit from their perception as being more natural and thus more healthful than traditional cosmetic and toiletry chemicals, such as petroleum oils and commodity surfactants. These latter products will experience limited gains, primarily due to the popularity of waterbased formulations in skin and hair care products, and a trend away from chemicals perceived as being harsh.
Specialty additives, emollients, moisturizers to pace raw materials
The US cosmetic and toiletry market is driven by advancements in raw materials, including the greater use of more efficient delivery systems and nanotechnology; and the use of higher value raw materials (e.g., exotic essential oils and specialty surfactants) that may provide product differentiation or enhanced performance. Specialty additives, and emollients and moisturizing agents will register the most rapid growth in demand through 2016, as consumers expect higher performance from their cosmetic and toiletry products. Active ingredients in particular will post above average gains among specialty additives.
Organic, ethnic and antiaging products to see rapid growth
Several segments in the cosmetic and toiletry industry, including organic and natural products, male grooming, ethnic products, and anti-aging, are poised for rapid growth, directly impacting the mix of the chemicals used in their formulation. Once a niche segment, organic and natural cosmetics and toiletries have become more mainstream as concerns about personal health and environmental impact become more widespread. Men’s products, such as specialized facial cleansers and skin care items, and higher value shaving products and hair care preparations, will continue to emerge, providing opportunities for many ingredients, including moisturizing additives. The growing Hispanic population in the US is prompting cosmetic and toiletry formulators to provide items that meet the specific needs of this segment.
The country’s obsession with youth will continue to drive the introduction of products that contain active ingredients designed to enhance a person’s appearance by reducing wrinkles, firming skin, or lightening age spots. As more baby boomers move into their 50s, the number of hair care, cosmetic, and skin care products specifically formulated for gray hair and aging skin will increase. Growth in this segment will bode well for active ingredients, delivery systems, and conditioning and moisturizing agents.
This upcoming Freedonia industry study, Cosmetic & Toiletry Chemicals, is priced at $4900. It presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by product, function and market. The study also considers key market environment factors, examines industry structure, evaluates company market share, and profiles 34 competitors
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
Demographic Trends 5
Macroeconomic Outlook 9
Consumer Spending Patterns 13
Retail Sales 15
Manufacturing Outlook 17
Cosmetic & Toiletry Industry Overview 21
Anti-Aging Products 23
Organic & Natural Products 28
Other Cosmetics & Toiletries 30
Technology Trends 33
Nanotechnology & Nanomaterials 33
Other Technology 35
Environmental & Regulatory Issues 37
Pricing & Product Mix 41
Historical Market Trends 43
International Activity & Foreign Trade 46
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