Latin America Inorganic Beauty and Personal Care Ingredients Market is predicted to reach USD 5,436.84 million at a CAGR of 3.79% during the forecast period 2023-2030

Market Research Future (MRFR) has published on the “Global Latin America Inorganic Beauty and Personal Care Ingredients Market”.

Market Synopsis

According to the MRFR analysis, the Latin America Inorganic Beauty and Personal Care Ingredients market was valued at USD 3,317.53 million in 2021 and is projected to reach USD 5,436.84 million by 2030 at a CAGR of 3.79%.

Inorganic cosmetics ingredients are also known as conventional cosmetic ingredients that comprises various synthetic chemicals which are being used to produce range of cosmetics & personal care products such as hair care, body care, and skin care among others. Additionally, these ingredients are less expensive as compared to other organic chemical ingredients. Inorganic cosmetics ingredients are indeed synthetic chemicals that are often derived from petroleum and other non-renewable sources. Some common examples of inorganic cosmetic ingredients include parabens, phthalates, sulfates, and synthetic fragrances. While inorganic cosmetic ingredients are generally less expensive than organic ones, they have also been associated with a range of potential health and environmental risks.

COVID-19 Impact on the Latin America Inorganic Beauty and Personal Care Ingredients Market

The Covid-19 pandemic has had a significant impact on the global economy, including the beauty and personal care industry in Latin America. Inorganic beauty and personal care ingredients are a critical component of many products in this industry, and the pandemic has disrupted supply chains, production, and demand for these ingredients. One of the most significant impacts of Covid-19 on the Latin America inorganic beauty and personal care ingredients market has been the disruption of supply chains. Many countries in the region rely on imports for their inorganic beauty and personal care ingredients, and disruptions to global trade and transportation have made it more difficult to obtain these ingredients. This has led to shortages and increased prices for some ingredients. In addition, the pandemic has affected production and demand for beauty and personal care products in Latin America. Many manufacturing facilities were forced to shut down or reduce capacity due to health and safety concerns, leading to decreased production of products that use inorganic ingredients. At the same time, consumer demand for beauty and personal care products has been impacted by the economic downturn caused by the pandemic. Overall, the Covid-19 pandemic has had a significant impact on the Latin America inorganic beauty and personal care ingredients market, with disruptions to supply chains and production leading to increased prices and decreased availability of some ingredients. However, as the region begins to recover from the pandemic, there may be opportunities for growth and innovation in the beauty and personal care industry that could drive demand for these ingredients. After the outbreak of COVID-19 faced issues related to the skin, like rashes and itching. Due to the excessive use of soaps and hand sanitizers, people also contracted diseases like hand dermatitis. The doctors reported having rashes because of PPE kits. Due to all these reasons, the personal care market has grown post-COVID as people take care of their skin with utmost priority.

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Competitive Landscape

The market for Inorganic beauty and personal care ingredients is highly competitive, and there is high price competition in the market. The market is comprised of global and local players. Most developing countries have local players that provide Inorganic beauty and personal care ingredients at a lower price. However, the market is majorly dominated by global companies. Few companies are expected to penetrate the market soon, and they are expected to account for a substantial share of the Inorganic beauty and personal care ingredients market. The key players operating in the Latin America Inorganic Beauty and Personal Care Ingredients market comprise Basf SE. (Germany), Clariant (Switzerland), Dow Inc. (Germany), Ashland (Germany), Solvay (Germany), Croda International Plc. (Germany), Evonik (Germany), Lonza (Germany), Stepan Company (US), Eastman Company (US) among others.

Segmentation

By ingredient Type

1. Surfactants: Surfactants are important ingredients for skin care, hair care; ointments, gels, creams, and other cosmetic products. The industry is continuously evolving to comply with changing consumer preferences. Earlier, soaps and shampoos were the major application areas of surfactants in this industry. Now, the use of surfactants in various cosmetic products, such as cold creams and lotions, is also gaining momentum.


2. Emulsifiers: Emulsifiers are a class of ingredients commonly used in beauty and personal care products to create stable emulsions, which are mixtures of two immiscible liquids such as oil and water. For example, Cetearyl alcohol, Glyceryl stearate, Polysorbate 20, Polysorbate 80, Sodium lauryl sulfate. The specific emulsifiers used will depend on the specific product and the desired properties. The market for inorganic emulsifiers in the beauty and personal care industry is expected to grow due to increasing demand for stable and effective emulsions in a wide range of products.


3. Polymers: Polymers are widely used in beauty and personal care products as they can provide a variety of benefits such as thickening, stabilizing, and enhancing the texture of Applications. For example, Polyethylene glycol (PEG), Polyvinyl alcohol (PVA), Carbomer, Sodium polyacrylate, Polyquaterniums, Acrylates/C10-30 alkyl acrylate cross polymer, Silica.


4. Rheology Modifiers: Rheology modifiers are used in beauty and personal care products to adjust the viscosity, texture, and flow characteristics of the product. For example, Silica, Bentonite, Magnesium aluminium silicate, Carbomer, Xanthan gum. The market for inorganic rheology modifiers in the beauty and personal care industry is expected to grow in the coming years due to the increasing demand for products with improved texture, viscosity, and stability. Manufacturers are continuously developing new and innovative rheology modifiers to meet the evolving needs of consumers and improve the performance of beauty and personal care products.


5. Emollients: Emollients are ingredients used in beauty and personal care products to moisturize and soothe the skin. They help to create a barrier on the skin's surface that helps to retain moisture and prevent dryness. For example, Petroleum jelly, Mineral oil, Dimethicone, Cyclomethicone, Isopropyl myristate, Glyceryl stearate, Cetyl alcohol.


6. UV Absorbers: UV absorbers are inorganic beauty and personal care ingredients that are used to protect the skin from harmful UV radiation from the sun. These ingredients work by absorbing UV light, which helps to prevent skin damage, including sunburn, premature aging, and skin cancer. For example, Zinc oxide, Titanium dioxide, Silica, Iron oxide, Talc.


7. Antimicrobials: There are several types of inorganic antimicrobial ingredients used in beauty and personal care products that are effective in killing or inhibiting the growth of microorganisms. For example, Silver, Copper, Zinc, Titanium dioxide, Aluminum chlorohydrate, Triclosan, Chlorhexidine.


8. Others: This category includes a wide range of ingredients, such as minerals, clays, and salts, that are used for various functions in personal care products. For example, Colorants and Preservatives, Conditioning Agents, Anti-aging, Exfoliants.

By Functionality

1. Active Ingredients: Active ingredients can be defined as components of chemical products which can be natural or synthetic and help in directly achieving the performance objectives of the final products. Active ingredients include exfoliants, UV-protecting agents, anti-aging agents, and conditioning agents. The increasing demand for self-care products to combat stress and anxiety, and the tendency of consumers to increase their engagement in self-care routines as a means of feeling good and looking better, has been the major driver for market growth.


2. Additives: Additives have various functions. Among other things they enable the manu­facturing of products with different structures like creams, gels, pastes, lotions, solutions, varnishes, sticks, powders and aerosols. They provide the products with their long-term physical stability for transport and storage, inhibit germinating through mould, yeast and bacteria, increase the chemical stability of sensitive active agents towards the atmospheric oxygen and influence the sensory perception as e.g. consistency, dispersion on the skin, scent (fragrance) and color.

By Application

1. Skin Care: Personal care ingredients are the raw materials which are used in the manufacturing of care products worldwide. These ingredients can be used in the skin care products as an anti-fungal agent, anti-ageing agent, skin conditioning agent, and others. They can also be classified as active and inactive ingredients. Active ingredients include anti-ageing agents, exfoliants, conditioning agents, and UV protecting agents whereas, inactive ingredients include surfactants, preservatives colorants, and polymer ingredients.


2. Body Care: Consumers use body care products for a variety of reasons, such as to cleanse and hydrate the skin, to reduce the appearance of blemishes or signs of aging, to protect against sun damage, or to remove unwanted hair. Body care products are available in various forms, such as lotions, creams, gels, serums, powders, sprays, and more. Some common ingredients used in body care products include moisturizers, such as glycerine and hyaluronic acid, exfoliants, such as alpha-hydroxy acids or enzymes, sunscreens, such as zinc oxide or titanium dioxide, and anti-inflammatory agents, such as aloe vera or chamomile extract.


3. Hair Care: The hair care market is a diverse segment of the beauty and personal care industry, and there are many different types of hair care products available to consumers. Each type of product serves a specific purpose and is formulated with a different set of ingredients to provide specific benefits to the hair. Shampoos are used to cleanse the hair and scalp, removing dirt, oil, and other impurities. They typically contain surfactants, which are ingredients that help to break down and remove dirt and oil from the hair. Conditioners are used to soften and detangle the hair, making it easier to manage and style. They contain ingredients such as silicones, oils, and proteins that help to improve the texture and appearance of the hair. Hair masks are deep conditioning treatments that are designed to nourish and repair the hair. They contain ingredients such as proteins, oils, and humectants that help to strengthen and moisturize the hair.


4. Makeup: The makeup market is a significant segment of the beauty and personal care industry, and it includes various products such as foundation, concealer, lipstick, mascara, eyeshadow, and many others. The ingredients used in the formulation of makeup products can vary depending on the product type and brand, but some of the most common ingredients include pigments, emollients, waxes, powders, preservatives, and sunscreen agents.


5. Oral Care: Oral care products are designed to promote good oral hygiene and health by cleaning and protecting the teeth and gums. To achieve this, a variety of ingredients are used in the formulation of these products. For example, toothpaste typically contains ingredients that help to remove plaque and surface stains from the teeth, freshen breath, and prevent tooth decay and gum disease. Similarly, mouthwash may contain ingredients that kill bacteria in the mouth, reduce bad breath, and promote healthy gums. It is important to note that the safety and efficacy of each ingredient must be evaluated thoroughly, and proper regulations must be followed to ensure their safe use in oral care products.


6. Fragrance: The fragrance market is an essential segment of the beauty and personal care industry, and fragrance ingredients are widely used in the formulation of personal care products such as perfumes, body sprays, deodorants, and other scented products. Fragrances are typically made up of a combination of natural and synthetic ingredients that are designed to create a specific scent.


7. Others: Personal care ingredients are also used in various other applications such as sun care, nail care, and baby care. Examples of ingredients used in these products include zinc oxide, formaldehyde resin, and baby oil. Personal care ingredients are used in sun care products to provide protection against the harmful effects of the sun's UV rays. Examples of ingredients used in sun care products include zinc oxide, titanium dioxide, avobenzone, and octinoxate. Personal care ingredients are used in nail care products to provide various benefits such as strengthening, moisturizing, and preventing fungal infections. Examples of ingredients used in nail care products include formaldehyde resin, keratin, biotin, and tea tree oil. Personal care ingredients are used in baby care products to provide gentle cleansing and moisturizing without causing irritation to a baby's delicate skin. Examples of ingredients used in baby care products include baby oil, chamomile extract, aloe vera, and colloidal oatmeal.

By Countries

1. 
   

   Mexico: Mexico account market share of 13.54% in 2022, growing with CAGR of 6.28% during the projected period.

   
   


2. 
   

   Brazil: Brazil accounted of second largest market share of 28.89% in 2022, growing with CAGR of 5.62% during the projected period.

   
   


3. 
   

   Argentina: Argentina account market share of 5.32% in 2022, growing with CAGR of 5.17% during the projected period.

   
   


4. 
   

   Rest of Latin America: The Rest of Latin America segment accounted for the largest market share of 52.24% in 2022, growing with CAGR of 5.56% during the projected period.