From 2023 to 2033, the global emollient esters market is projected to grow at a compound annual growth rate (CAGR) of 7.2%. By the end of 2033, the market, which is valued at US$ 310 million in 2023, is anticipated to have grown to US$ 620 million.
"Korean Beauty or K-Beauty is emerging as an overly popular trend among cosmetics and skincare consumers. Halal ingredients also mark an influential trend in the market. Such trend waves create an influx of profitable opportunities for manufacturers of natural emollients," says the Fact.MR report.
Emollient Esters Market: Key Findings
- Plant based emollient esters continue to account for more than 50% of the global market value.
- Skincare applications continue to hold dominance in emollient esters market.
- Sales remain higher in developed regions, while East Asian market will display a faster rate of growth.
- Isopropyl palmitate, closely followed by isopropyl myristate, contributes to a major market share.
Emollient Esters Market: Key Driving Factors
- New trends in skincare, hair care, oral care, cosmetics, and toiletries are the primary drivers for the growth of emollient esters market.
- Environmental pollution by stubble burning, and pollutants such as industrial exhaust, and traffic fumes, underline an opportunity in market.
- Increasing investment by premium fashion brands into the beauty and personal care sector also contributes to market growth.
Emollient Esters: Key Market Restraints
- Strict requisites regarding regulatory compliance of cosmetics and personal care ingredient sources limits the growth of market.
Competition Landscape:
The market for emollient esters is somewhat fragmented worldwide. Leaders in the industry are concentrating their efforts on product development, acquisitions, partnerships, and capacity expansions. The goal of these tactics is to increase the use of emollient esters in skincare and other personal care products. Evonik Industry AG, BASF SE, Stepan Company, Croda International PLC, Dow Chemical Company, Lonza Group, Clariant AG, Solvay, and Eastman Chemical Company are just a few of the major companies in the global emolient esters market that have been analysed in the report.
Old Source: https://www.accesswire.com/578998/emollient-esters-manufacturers-spot-lucrative-opportunity-in-asias-beauty-sphere-global-market-revenues-to-reach-us-270-mn-by-2029-factmr-study
