According to a new research study by Transparency Market Research (TMR), the global market for decorative cosmetic ingredients is registering a steady rise in its valuation. The research report, titled “Decorative Cosmetic Ingredient Market– Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides a comprehensive market evaluation by assessing the prominent trends, market potentials, growth drivers, obstructions, opportunities, and the challenges to identify the future prospects of this market.
The research report states that the global market for decorative cosmetic ingredients is majorly driven by the rise in product advertisements by a number of popular personalities on the social media, as they are considered as icons among millennials and gen z. With the increasing focus of social media on presentation, appearance, and self-expressions, the uptake of decorative cosmetics has augmented, especially among the younger consumers, which is leading to a significant rise in this market, currently, and is expected to remain propelling the market’s growth in the years to come, reports the research study.
The global market for decorative cosmetic ingredients can be broadly examined on the basis of the type of the ingredient, end-use application, and the region. Based on the type of the ingredient, the market can be categorized into filler, binders, pigments, glitters, film formers, thickeners, and powders. Based on the end-use application, the market can be classified into nails, eyes, face, and lips.
On the basis of the geography, the worldwide market for decorative cosmetic ingredients can be divided into Europe, North America, Latin America, the Middle East and Africa, ad Asia Pacific. Asia Pacific, among all the regions, is anticipated to hold the leading position in the years to come, thanks to the increasing consumption of cosmetics in this region. The augmenting demand for decorative cosmetics in the mass as well as the luxury market and various professional sectors, is also expected to support this regional market over the next few years. The Asia Pacific market for decorative cosmetic ingredients is closely followed by Europe and North America. With rising penetration of decorative cosmetics and its emergence as the fashion hub of the world, Europe is likely to retain a considerable share in the global market in the near future, states the research report.
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The research report concludes with a competitive assessment of the global market for decorative cosmetic ingredients by carrying out a thorough study of the leading players in this market in order to gain an insight into the market hierarchy among them. BASF SE, Behn Meyer Holding AG, Azelis S.A., Ashland Inc., The Dow Chemical Co., and DuPont are some of the most prominent players in this market that have been reviewed in this research study.