World Cosmetic Ingredients Market to See 4.39% CAGR till 2021, Forecasts Infiniti Research in Its Report Published at MarketPublishers.com21 Feb 2017 • by Natalie Aster
LONDON – Worldwide, the cosmetic ingredients market is projected to grow at a CAGR of 4.39% till 2021. A hike in luxury products sales and increasing middle-class aspirational expenditure, keen interest in grooming products, specifically from male consumers; and surging demand for organic products are some of the main forces propelling the market growth.
The market has also witnessed the development of new methods for cosmetic ingredients safety testing, preference for natural cosmetics, among others.
Meantime, stringent government laws and regulations, heavy dependence on cosmetic product sales and private-label threat, as well as extremely cost demanding R&D are some of the key challenges to the market growth.
Comprehensive market study “Global Cosmetic Ingredients Market 2017-2021” created by Infiniti Research offers an unbiased, deep examination of the market globally, covering the actual performance and the development prospects of the sector through 2021. It provides market segmentation by type, application and geography.
The report provides extensive market size figures plus growth rates; gives an overview and analysis of the major trends, drivers and challenges with respect to the cosmetic ingredients market. The study offers a detailed assessment of the competitive setting and profiles the leading players operating in the industry covering business segmentation by revenue and geography.
More comprehensive market research studies by this publisher are available in the Infiniti Research catalogue.