Emollients Market Size to Grow USD 2.66 Billion by 2033

The global emollients market size is estimated to grow around USD 2.66 billion by 2033, growing at a CAGR of 4.73% from 2024 to 2033.

Key Points

• Asia Pacific led the market with the largest market share of 34% in 2023.
• North America is expected to experience rapid CAGR of 4.84% over the forecast period.
• By form, the liquid segment has contributed more than 70% of the market share in 2023.
• By form, the solid segment is anticipated to grow at the fastest rate over the forecast period.
• By application, the skin care segment has accounted the largest market share of 39% in 2023.
• By application, the hair care segment is expected to grow at the fastest rate during the projected period.
• By type, the easter segment dominated the market with the major market share of 41% in 2023.
• By type, the fatty acid segment is projected to experience the fastest growth during the forecast period.

The emollients market is witnessing steady growth globally, driven by increasing consumer awareness about skincare, rising demand for natural and organic products, and the expanding cosmetics and personal care industry. Emollients play a crucial role in skincare formulations, providing moisturization and skin barrier protection, thereby addressing concerns related to dryness, irritation, and aging. With evolving consumer preferences towards multifunctional and high-performance skincare solutions, the demand for emollients continues to rise across various demographics and geographies.

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Growth Factors:

Several factors contribute to the growth of the emollients market. These include the growing emphasis on skincare routines and wellness, rising disposable incomes, advancements in cosmetic formulations, and the expansion of distribution channels, particularly online platforms. Additionally, the increasing prevalence of skin disorders such as eczema and psoriasis drives the demand for emollient-rich products, further fueling market growth.

Region Insights:

The emollients market exhibits diverse regional dynamics, with significant growth observed across North America, Europe, Asia-Pacific, and other emerging markets. North America and Europe dominate the market, propelled by strong consumer awareness, high disposable incomes, and a well-established cosmetics industry. Meanwhile, Asia-Pacific emerges as a rapidly growing market, driven by the burgeoning middle-class population, changing lifestyles, and increasing urbanization.

Emollients Market Scope

Emollients Market Dynamics

Drivers:

Several drivers propel the growth of the emollients market. These include the growing aging population, rising demand for anti-aging skincare products, increasing consumer inclination towards natural and sustainable ingredients, and the expanding role of social media in shaping beauty trends and preferences. Moreover, the proliferation of beauty influencers and online beauty communities amplifies product visibility and fosters consumer engagement, driving market demand.

Opportunities:

The emollients market presents numerous opportunities for market players to innovate and diversify their product offerings. Opportunities lie in developing novel emollient formulations catering to specific skin concerns, exploring untapped market segments such as men’s grooming and baby care, and expanding into emerging economies with rising disposable incomes and evolving consumer preferences. Additionally, partnerships, collaborations, and mergers and acquisitions offer avenues for market expansion and strategic growth.

Challenges:

Despite the promising growth prospects, the emollients market faces certain challenges. These include stringent regulations governing cosmetic ingredients, volatility in raw material prices, and increasing competition from alternative skincare solutions such as serums and essences. Moreover, consumer skepticism regarding product efficacy, concerns about chemical ingredients, and the prevalence of counterfeit products pose challenges for market penetration and brand differentiation.

Competitive Landscape:

The emollients market is characterized by intense competition, with key players focusing on product innovation, research and development, and strategic partnerships to maintain their competitive edge. Major companies operating in the market include Croda International Plc, BASF SE, Ashland Global Holdings Inc., Lonza Group Ltd., and Evonik Industries AG, among others. These companies invest significantly in R&D activities to develop advanced emollient formulations with enhanced performance, safety, and sustainability attributes, thereby strengthening their market position and catering to evolving consumer preferences

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Emollients Market Recent Developments

• In November 2023, Sonneborn, LLC, introduced plant derived SonneNatural NXG emollient. Reportedly, the new product improves the formation of lip care and personal care items owing to their sensory & firmness features.
• In June 2023, Oleon is concentrating on the enzymatic esterification of ingredient development. Radia 7199ACT, an emollient and texture enhancer, and Jolee 7749ACT, a fatty ester that is good for skin and hair, are two of their most recent releases.
• In March 2023, Clariant launched Plantasens Pro LM, a novel natural emollient, in response to consumers’ increasing interest in and understanding of skincare across the globe. The skin feels pampered, enriched, and opulent both during and after using this product.
• In April 2022, Seppic launched EMOGREEN™ HP 40, a new bio-based & sustainable emollient that is highly pure and sustainable.
• In November 2022, Givaudan launched Sensityl™, a cosmetic active ingredient that addresses the negative effects of stress on the skin and provides a soothing effect.
• In September 2022, BASF and L’Oréal announced a partnership to develop sustainable bio-based surfactants for personal care applications, aiming to reduce the environmental impact of formulations.

Emollients Market Companies

• BASF SE
• Clariant
• Eastman Chemical Company
• The Lubrizol Corporation
• Covestro AG
• Evonik Industries AG
• Hallstar
• Croda International PLC
• Ashland Inc.
• Sasol
• Lonza
• Stepan Company
• Oleon Health and Beauty
• Solvay
• Vantage Speciality Chemicals.

Segments Covered in the Report

By Type

• Esters
• Fatty Alcohols
• Fatty Acids
• Ethers
• Silicones
• Others

By Form

• Solid
• Liquid

By Application

• Skincare
• Hair Care
• Deodorants
• Oral Care
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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