The beauty industry is more than just aesthetics—it’s a powerhouse market driven by science, innovation, and consumer demands. Chemicals are vital in cosmetics and toiletries, from skincare to hair care, enhancing product performance, texture, and longevity. However, as consumer preferences shift towards clean beauty and sustainability, the global market for cosmetic chemicals is transforming at an unprecedented pace.
According to BCC Research, the global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029 at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029. This growth is driven by rising demand for premium skincare, personal grooming, and natural beauty products. Key regions fueling this growth include North America, Europe, and the Asia-Pacific, where an expanding middle class invests in high-quality personal care.