Specialty ingredients have the largest growth potential within the personal care ingredients business, with Europe and the United States representing the two biggest markets. Next in line: China and Japan.
In a special presentation given at the New York Society of Cosmetic Chemists Suppliers' Day, Kline's Vice President of Chemicals, Nikola Matic, zeroed in on the active ingredients market in Asia, taking a deep dive into China. Among his revelations regarding the country: Multinational active ingredient suppliers and cosmetics brands are building factories there in the aftermath of COVID-19; regulatory challenges such as those by the National Medical Products Administration restricts live cells usage in skin care product, which limits further development of the market for probiotics, stem cell extracts, and more; and the "skinification" of hair is rising in popularity.
What else is helping to shape the specialty ingredients market in China? And what are some of the specifics of the markets in Japan and India? Find out by downloading Nikola's presentation, which draws insights from Kline's new Specialty Actives in Personal Care: Global Market Analysis and Opportunities report, a detailed appraisal of key regional markets for active ingredients that assesses current and forecast demand by major ingredients, functionalities, prices, distribution channels, supplier sales, and technical and market trends