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Technavio predicts CAGR of 7% from 2020 to 2025.
June 28, 2022
By: Christine Esposito
Editor-in-Chief
The cosmetic ingredients market size is set to grow by $3.98 billion from 2020 to 2025, at a CAGR of 7% according to Technavio. A key factor driving the cosmetic ingredients market growth is the growing demand for natural and organic cosmetic ingredients. Although skin care and hair care cosmetics manufactured using synthetic ingredients are highly effective over the short term, their prolonged use is known to have detrimental effects on skin and hair health. Established vendors in the global cosmetic ingredients market, such as BASF SE and Croda International Plc, are placing high emphasis on expanding their portfolio of natural ingredients.
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