The Worldwide Cosmetic Chemicals Industry is Expected to Reach $32+ Billion by 2030
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Global cosmetic chemicals market will reach $32.52 billion by 2030, growing by 5.5% annually over 2020-2030, owing to continuous R&D investment, rising disposable income of individuals and increasing purchasing power, and growing demand for cosmetic products formulated with natural ingredients. In terms of sales volume, the market will grow at a 2020-2030 CAGR of 5.0%.
This report is based on a comprehensive research of the entire global cosmetic chemicals market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year.