Meticulous Research® – leading global market research company, published a research report titled “Europe Lipid Ingredients Market for Cosmetics by Source (Plant {Vegetable Oil}, Animal, Novel Lipid Sources {Insects, Microalgae}), Application (Haircare), and Geography – Forecast to 2028”.

According to this latest publication from Meticulous Research®, the Europe lipid ingredients market for cosmetics is expected to record a CAGR of 3.9% from 2021 to 2028 to reach $3.6 billion by 2028. The growth of this market is expected to be driven by the factors such as rising investment for the development of innovative/customized lipid ingredients, growing consumer demand for cosmetics with nutrient-enriched vegetable oils, rising demand for natural cosmetic ingredients, and increasing demand for skincare products in the region. However, the availability of substitutes such as mineral oil can hinder market growth. In addition, the limited availability of some lipid ingredients places challenges for the lipid ingredients market in Europe.

Based on source, the Europe lipid ingredients market for cosmetics is mainly segmented into plants, animals, and novel lipid sources. In 2021, the plants segment is estimated to account for the largest share of the Europe lipid ingredients market for cosmetics. The large share is mainly attributed to the rising demand for plant-sourced lipid ingredients in the cosmetics market, the growing need for organic and natural beauty products, and consumer demand for non-toxic and non-irritating cosmetics. Further, plant oil is widely adopted in cosmetics products as an alternative to mineral oils.

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Based on the application, the lipid ingredients market is mainly segmented into skincare, haircare, and other applications. The skincare segment is expected to command the fast growth of the overall Europe lipid ingredients market for cosmetics during the forecasted period. The segment's fast growth is mainly attributed to the shift in consumer focus towards anti-aging skincare products and acne-reducing solutions, growing demand for natural skincare products, and increasing demand for luxury skincare products. Furthermore, rising skin problems are also fueling the demand for skincare products in the region.

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Some of the most important cosmetics companies operating in Europe are L’Oréal S.A. (France), Unilever PLC (U.K.), The Procter & Gamble Company (U.S.), Beiersdorf AG (Germany), Coty Inc. (U.S.) Avon Products, Inc (Subsidiaries of Natura & Co, Holding S.A.) (U.K.), The Estée Lauder Companies Inc. (U.S.), Revlon Inc. (U.S.), Shiseido Company, Limited (Japan), Colgate-Palmolive Company (U.S.), Johnson & Johnson (U.S.), Kao Corporation (Japan), L'Occitane International S.A. (France), LVMH Moët Hennessy Louis Vuitton (France), and Sally Beauty Holdings, Inc. (U.S.). Important natural and ethical cosmetics companies are Weleda (Switzerland), Neal’s Yard Remedies (U.K.), Léa Nature (France), Lush (U.K.), Yves Rocher (France), and The Body Shop (U.K.).

The key players operating in the Europe lipid ingredients market for cosmetics are KONINKLIJKE DSM N.V./DSM (Netherlands), Archer-Daniels-Midland Company (U.S.), Stepan Company (U.S.), Cargill Incorporated (U.S.), BASF SE (Germany), Croda International PLC (U.K.), Merck Group (Germany), NOF Europe GmbH (Subsidiary of NOF Corporation) (Japan), Neptune Wellness Solutions, Inc. (Canada), ABITEC Corporation (U.S.), Lipoid GmbH (Germany), Polaris (France), Sonic Biochem Extraction Pvt Ltd. (India), Nordic Naturals Inc. (U.S.), and Solutex GC Sl (Spain), among others.

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Key questions answered in the report-

• Which are the high growth market segments in terms of the source, application, and country?
• What is the historical market for lipid ingredients for cosmetics across Europe?
• What are the market forecasts and estimates for 2021-2028?
• What are the major drivers, restraints, and challenges in the lipid ingredients market for cosmetics?
• Who are the major players in the Europe lipid ingredients market for cosmetics?
• Who are the major players in various countries, and what is their competitive position?
• How is the competitive landscape?
• What recent developments have taken place in the lipid ingredients market for cosmetics?
• What are the different strategies adopted by the major players in this market?
• What are the key geographic trends and the high growth countries?
• Who are the local emerging players in the Europe lipid ingredients market for cosmetics, and how do they compete with the other market players?

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