Germany personal care ingredients market is expected to project a CAGR of 2.1%, during the forecast period. Germany personal care ingredients market is mainly driven by the growing consumer’s consciousness regarding product ingredients and growing consumer’s willingness toward the purchase of professional skincare products. In addition, the country had experienced several new product launches which is further anticipated to drive the growth of the country’s market. For instance, in June 2019, BASF has launched a new microsite all about sun protection. The company’s Global Technical Center Sun Care sunscreen is composed of different personal care ingredients to exhibit multifunctional benefits. It explores UV filters, skin types, light spectrum and solar radiation in more detail.

Germany personal care ingredients market is segmented on the basis of ingredients and application. Based on ingredients, the market is segmented into rheology control agents, surfactants, emollients, active ingredients, emulsifiers, and others. Based on application, the market is further classified into hair care, oral care, skin care, cosmetics, and others (fragrances and toiletries). Among these applications, the skin care segment is among the major application of personal care ingredients. The rising availability of specific-purpose skin care solutions, such as anti-aging creams and lotions, sunscreen lotions, and anti-acne creams is driving the growth of the market in skin care application.

Furthermore, some of the key players in the market include BASF SE, Clariant International Ltd., The Dow Chemical Co., Evonik Industries AG, Solvay S.A. These companies are using several strategies to expand market share and gain a competitive advantage over their competitors. The strategies include new product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in March 2020, Evonik Industries AG acquired innovativeHealth Group (innoHealth) and after the acquisition, the company will be part of Evonik's Care Solutions Business Line. innoHealth by using various scientific-based approach to produce new effective therapeutic solutions for dermatological conditions. Hence, the acquisition is aiding to increase Evonik’s ability to develop unique and tailor-made active ingredients for the cosmetic industry.

Research Methodology

The market study of the Germany personal care ingredients market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Authentic public databases 
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalogue.

The report is intended for manufacturers of personal care products and ingredients for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. Germany Personal Care Ingredients Market Research and Analysis by Ingredients
2. Germany Personal Care Ingredients Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the Germany personal care ingredients market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany personal care ingredients market.
• Insights about market determinants which are stimulating the Germany personal care ingredients market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.