2023 was a challenging year for the personal ingredients industry. High energy costs put both competitiveness and profit margins of the Europe industry under pressure. Production was down in major countries, mainly United States and EU countries, whilst production in China was at an all-time high.
Nikola Matic, Vice President in Kline’s Chemicals & Materials team, gave this presentation on where the personal ingredients industry stands and what the future holds at the 2024 edition of InCosmetics Global in April 2024.
Download the presentation to find the answers to the following questions:
- The reasons behind lower volumes of raw materials being sold
- The detail on where growth is occuring in the European markets
- The key drivers for growth to focus on for the future
- And the key opposing drivers that will restrict growth
- The top markets by growth for ingredients consumption
For more insights into the personal care ingredients market, please refer to our market research reports or consulting services.
