Skin Care Is Fastest Growing Segment Fueling The Growth Of Cosmetic Ingredients Market
The global Cosmetic Ingredients Market is estimated to be valued at US$ 1.99 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cosmetic ingredients consists of substances that are used to manufacture cosmetic products. These ingredients not only enhance the appearance and beauty but also provide various functional benefits such as moisturization and sun protection. The demand for multi-functional cosmetic products is increasing among consumers which is driving the growth of the market. Market key trends: One of the key trends driving the growth of the cosmetic ingredients market is the rising consumption of natural and organic cosmetic products. Consumers nowadays are more conscious about the ingredients used in cosmetic products and prefer products containing natural ingredients over chemical ones due to rising health concerns. As a result, manuf...