Market Size of Emollient Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Emollients Market Analysis
The global emollient market is projected to register a CAGR of 5.5% during the forecast period (2019-2024).
- The market is driven by increasing awareness about personal care products. Also, the awareness regarding the harmful effects of chemicals present in skincare, cosmetics and hair care products has led consumers to shift towards naturally derived product ingredients, such as animal and plant-derived emollients that are devoid of chemical modifications thus fueling the market growth. Furthermore, online distribution channels and E-commerce are forecasted to increase the distribution of personal care products in the forecasted period.
- North America and Europe are dominating the market. Also, developing countries in the Asia-Pacific region such as China, Japan, and Australia are witnessing market growth. For instance, the National Bureau of Statistics of China, the annual growth of cosmetics retail sales value by wholesale and retail companies in China had witnessed significant growth from 8.3% in 2016 to 13.5% in 2017.
- However, the high price of the products is one of the major factors restraining the market primarily in the low income and developing regions.
Emollients Industry Segmentation
The global emollient market is segmented by application into skin care, hair care, cosmetics and other applications.Also, the study provides an analysis of the emollient market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| Application | |
| Skin Care | |
| Hair Care | |
| Cosmetics | |
| Others |
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Emollient Market Size Summary
The emollient market is experiencing significant growth, driven by a rising consumer awareness of the benefits of personal care products and a shift towards naturally derived ingredients. This trend is largely due to concerns over the harmful effects of chemical additives in skincare, cosmetics, and hair care products. As a result, there is an increasing demand for animal and plant-derived emollients, which are perceived as safer alternatives. The expansion of online distribution channels and e-commerce is further facilitating the accessibility of these products. The market is predominantly led by North America and Europe, with emerging growth observed in Asia-Pacific countries like China, Japan, and Australia. However, the high cost of these products remains a challenge, particularly in low-income and developing regions.
The competitive landscape of the global emollient market is characterized by the presence of numerous domestic and multinational companies, with innovation being a key strategy for gaining market share. Major players such as AAK Sweden AB, BASF SE, Croda International Plc, The Lubrizol Corporation, and Evonik Industries AG are actively involved in product development and strategic partnerships to enhance their market presence. The demand for emollients in personal care and cosmetics is particularly strong in Europe and North America, where consumers have higher disposable incomes and are increasingly spending on these products. This trend is supported by the introduction of new plant-based emollients, such as BioEstolide by Biosynthetic Technologies LLC, which aligns with the growing preference for natural ingredients.
Emollient Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Skin Care
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2.1.2 Hair Care
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2.1.3 Cosmetics
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2.1.4 Others
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 South Africa
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2.2.5.2 Saudi Arabia
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2.2.5.3 Rest of Middle East and Africa
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Emollient Market Size FAQs
What is the current Emollient Market size?
The Emollient Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Emollient Market?
AAK Sweden AB, BASF SE, Croda International Plc, The Lubrizol Corporation and Evonik Industries AG are the major companies operating in the Emollient Market.
