Emulsifiers market grows due to rising demand for natural ingredients
- The emulsifiers market for personal care was valued at $1.5 billion in 2023 and is projected to grow to $3.0 billion by 2034.
- There is a growing consumer preference for clean-label products, leading to increased use of bio-based emulsifiers.
- Emerging markets in Asia-Pacific and Latin America are expected to present significant growth opportunities for the market.
On November 28, 2024, Transparency Market Research Inc. released a report indicating that the global emulsifiers market for personal care applications was valued at $1.5 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2024 through 2034 to reach $3.0 billion. The demand for sustainable and natural ingredients has spurred this growth, with consumers increasingly seeking products devoid of synthetic chemicals. As a result, companies have shifted towards utilizing bio-based emulsifiers derived from renewable resources, such as plant oils and polysaccharides. North America and Europe are currently leading the market due to strict regulatory frameworks that encourage the use of these natural emulsifiers. The report also highlights a growing trend among consumers who prefer clean-label products, which promotes the use of bio-based emulsifiers in personal care formulations. Green chemistry principles are gaining importance as they emphasize reducing the environmental impact of personal care products while maintaining efficacy. Companies like Clariant are focusing their efforts on developing green surfactants and emulsifiers, intending to minimize the environmental footprint associated with personal care formulations. Alongside consumer preferences, technological advancements have played a crucial role in driving market growth. Innovations such as nanotechnology are enhancing the delivery and effectiveness of emulsifiers in personal care products. Additionally, the chemicals industry is witnessing a trend of mergers and acquisitions as companies strive to strengthen their portfolios in bio-based and specialty ingredients. This action not only consolidates resources but also enables companies to innovate and expand into emerging markets. Emerging markets in the Asia-Pacific region and Latin America present substantial growth opportunities, especially due to increasing demand for personal care products among the rising middle class in these areas. As the market continues to evolve, companies are presented with the challenge of exploring new sources of sustainable ingredients while investing in local sourcing to ensure a dependable supply.