Cosmetic Chemicals Market Report 2026

The cosmetic chemicals market size has grown strongly in recent years. It will grow from $20.96 billion in 2025 to $22.42 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to growth of personal care product consumption, expansion of global cosmetics industry, rising consumer awareness of ingredient safety, increasing use of synthetic surfactants and emollients, availability of diverse chemical formulations.

The cosmetic chemicals market size is expected to see strong growth in the next few years. It will grow to $28.8 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for sustainable beauty products, rising investments in green chemistry, expansion of premium skincare and haircare segments, growing focus on regulatory-compliant formulations, increasing adoption of customized cosmetic solutions. Major trends in the forecast period include increasing demand for natural and bio-based ingredients, rising use of multifunctional cosmetic chemicals, growing adoption of clean label formulations, expansion of advanced emulsifiers and preservatives, enhanced focus on skin-compatible ingredients.

The increasing popularity of hair and skin care products is expected to drive the growth of the cosmetic chemicals market. Hair and skin care products are formulated to beautify, protect, and enhance the appearance of the body’s external features, and cosmetic chemicals are key ingredients in these products. For instance, in 2024, according to the Cosmetic, Toiletry and Perfumery Association Limited (CTPA), a UK-based trade association, the beauty sector grew to £10.3 billion (USD 13.2 billion), up 8.4% year-on-year. Skincare sales increased by 12.2%, driven by strong performance in prestige and healthcare skincare, color cosmetics rose 10.4%, and fragrances grew 8.6%, with mass fragrance performing particularly well. Therefore, the growing popularity of hair and skin care products is propelling the cosmetic chemicals market.

Major companies in the cosmetic chemicals market are introducing advanced solutions such as sustainably sourced cosmetic ingredients to boost market revenues. Sustainably sourced cosmetic ingredients are derived from renewable resources and produced responsibly to minimize environmental impact. For example, in September 2023, BASF Personal Care, a Germany-based cosmetic ingredient producer, launched Epispot, an extract from the French plant Epilobium angustifolium. Epispot supports healthy skin by minimizing shine, improving the appearance of pores, and restoring skin microbiota and lipid balance. It is suitable for face serums, cleansers, and other cosmetic formulations, meeting consumer demand for natural, filter-free beauty solutions.

In April 2023, Givaudan, a Switzerland-based multinational company specializing in the production of flavors, fragrances, and active cosmetic ingredients, acquired Amyris Inc. for an undisclosed sum. This acquisition enables Givaudan to strengthen its portfolio in sustainable and bio-based ingredients, in line with the increasing consumer demand for eco-friendly products within the cosmetics and personal care industries. Amyris Inc. is a US-based biotechnology company that supplies cosmetic chemicals.

Major companies operating in the cosmetic chemicals market are Dow Chemical Company, Givaudan SA, Ashland Global Holdings Inc., Eastman Chemical Company, Lonza Group Limited, BASF SE, Lanxess AG, P&G Chemicals, Solvay SA, Evonik Industries AG, Bayer AG, Croda International PLC, Stephan Company, Symrise AG, Cargill Inc., Lubrizol Corporation, Cobiosa, Genomatica Inc., Pharmacos, Wacker Chemie AG, Synthomer PLC, Celanese Corporation, Arkema Inc., ARLANXEO Holding BV, Apcotex Industries Limited, Asahi Kasei Corporation, KCC Corporation, Bluestar Silicones USA Corp., Clariant AG, Huntsman Corporation, Momentive Performance Materials Inc., Nippon Shokubai Co. Ltd., OMNOVA Solutions Inc., Shin-Etsu Chemical Co. Ltd.

North America was the largest region in the cosmetic chemicals market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global cosmetic chemicals market during the forecast period. The regions covered in the cosmetic chemicals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cosmetic chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cosmetic chemicals market consists of sales of glycerin, wax, and oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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