Europe Lipid Ingredients Market for Cosmetics is expected to reach $3.6 billion by 2028, at a CAGR of 3.9% during the forecast period of 2021 to 2028. This market's growth is mainly attributed to key factors such as the rising investment for developing 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. In addition, the increasing geriatric population, rising disposable incomes, and increasing urbanization are giving rise to a buoyant product market, particularly in the beauty and personal care industry, in turn, driving the demand for lipid ingredients in the region.
Impact of COVID-19 on the Lipid Ingredients Market for Cosmetics
The outbreak of COVID-19 has had a significant impact on public health and all stages of the supply chain and various industries. Since the outbreak in December 2019, the disease has spread to almost 100 countries worldwide. As of August 12, 2021, there were more than 35,381,520 cases, killing 746,566 people in Europe (Source: European Centre for Disease Prevention and Control).
The lipid ingredients market is experiencing a negative impact mainly due to the slow sales of cosmetics, with a total lockdown in France, Italy, and Spain and strict restrictions in Germany and the U.K. Further, the lockdown in the first half of 2020 led to a decline in demand for certain categories of products as self-isolation and limited social interactions altered consumers ordinary purchasing habits. The pandemic has had a profound impact on individuals, communities, and almost every industry. According to Cosmetic Europe, cosmetic sales in Europe decreased from $89.39 billion in 2019 to $87.61 billion in 2020. Also, the consequences of the pandemic will continue to influence the performance of the cosmetics market in the years to come. Hence, the decreasing cosmetic market ultimately restricts the demand for lipid ingredients in the region. The current expectation is that the sector slowly returns to growth as consumer expenditure on cosmetics recovers, new trends emerge, and the industry adapts to change and innovate.
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Rising Demand for Natural Ingredients Used in Cosmetics
Table 1: Europe: Cosmetics Market, 2015-2020 ($Billion)
Source: Cosmetics Europe
Europe is one of the largest cosmetics markets globally, with the sector's sales reaching $87.61 billion in 2020 from $85.45 billion in 2015, according to Cosmetics Europe. However, over decades, the region has noticed a significantly rising demand for natural cosmetics (products made from natural ingredients, containing minimal levels of synthetic substances, such as petrochemicals and parabens) over conventional synthetic ingredient-based cosmetic products. For instance, according to Cosmetics Europe, the demand for natural cosmetic products in Europe has increased to $4.46 billion in 2020 from $3.28 billion in 2015.
Table 2: Europe: Natural Cosmetics Market, 2015-2020 ($Billion)
|
Year |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
CAGR (2015-2020) |
|
Cosmetics Market |
3.28 |
3.49 |
3.84 |
4.51 |
4.55 |
4.46 |
6.3% |
Source: Cosmetics Europe
This trend is expected to continue in the near future, majorly driven by consumer concerns for side effects of synthetic chemicals, rising awareness and belief in natural products, and the rising organizational initiatives towards building the sustainable operational process using natural raw materials. Thus, the growing demand for natural cosmetics is driving the demand for natural and organic ingredients, including lipid ingredients from the cosmetics sector in Europe.
Further, increasing awareness regarding clean-label cosmetic products has led to the development of environment-friendly green cosmetics. For instance, palm oil and coconut oil-based green surfactants are being used in the cosmetics ingredients industry.
Germany and France have the largest consumer markets and major production centers for cosmetics in Europe. Many conventional and natural cosmetics companies are based in Germany and France. After these two countries, the U.K. and Italy are the most attractive markets. The import of natural ingredients for cosmetics production has increased with the rising demand for natural cosmetics.
Thus, the growing demand for natural cosmetics and the related rise in demand for natural cosmetics ingredients is expected to boost the demand for the lipid ingredients market in the region.
Key Findings in the Study: Europe Lipid Ingredients Market for Cosmetics-
The novel lipid sources segment to grow at the highest CAGR during the forecast period
Based on source, the novel lipid sources segment is expected to register at the highest CAGR during the forecast period 2021–2028. This segment's rapid growth is mainly attributed to the increasing interest in using microalgae and insect lipids in the cosmetic industries and growing attention towards microalgae cultivation and insect production for their cosmetic application. For instance, black soldier fly larvae oil has the same fatty acid profile as coconut oil and palm kernel oil, used in cosmetic products, majorly as a starting material for preparing surfactants. Therefore, BSF oil can be used in the same manner, a novel application.
The skincare segment is expected to dominate the lipid ingredients market for cosmetics in 2021
Based on application, the skincare segment is estimated to account for the largest share of the Europe lipid ingredients market in 2021. This 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. Also, lipid ingredients have recently been found to reduce many skin problems, including hyperpigmentation, acne, stretch marks, and dry skin, ultimately driving its demand in the region.
Germany: Largest market of the European lipid ingredients market for cosmetics
Based on country, Germany is estimated to account for the largest share of the overall Europe cosmetic lipid ingredients market in 2021. This country’s prominent position in this market is primarily attributed to the largest consumer market for cosmetics in Europe, and it has a robust processing sector for cosmetics. For instance, Beiersdorf is the most important cosmetics company. Important natural and organic cosmetics companies include Lavera, Logona (L’Oréal), Dr. Hauschka, and Primavera Life. Furthermore, there is also a high demand for organic ingredients on the German market. For example, SanaBio GmbH (suppliers of natural ingredients for cosmetics) advised targeting German buyers when supplying organic ingredients.
Key Players
Cosmetic Product Manufacturers
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.).
Lipid Ingredient Manufacturers
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.
Scope of the report
Lipid Ingredients Market for Cosmetics Production, By Source/Type
Lipid Ingredients Market for Cosmetics Production, By Application
Lipid Ingredients Market for Cosmetics Production, By Country
Key questions answered in the report:
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Europe: Lipid Ingredient Market for Cosmetics Production, by Source
3.2.2. Europe: Lipid Ingredient Market for Cosmetics Production, by Application,
3.3. Lipid Ingredient Market for Cosmetics Production: Country Analysis
3.4. Key Players Analysis
3.4.1. Cosmetic Product Manufacturers
3.4.2. Lipid Ingredient Manufacturers
4. Overview of European Cosmetics Market
4.1. Market Size & forecast, 2019–2028 (USD Million)
4.2. Market Size, by Key Countries (USD Million)
4.3. Factors Impacting the Market Growth
4.3.1. Market Drivers
4.3.1.1. Rising Demand for Hygiene and Grooming Products for Maintaining a Youthful Appearance
4.3.1.2. Growing Demand for Sustainable Cosmetic Products
4.3.1.3. Rising Urbanization, Growing Disposable Income, and Growing Geriatric Population
4.3.2. Industry Challenges
4.3.2.1. Maintaining the Quality of Cosmetic Ingredient for Mass-Market Products
4.3.2.2. Stringent Regulatory Requirements
4.3.3. Key Market Restraints
4.3.3.1. Advanced Beauty Treatments and Growing Awareness about the Harmful Effects of Cosmetics
4.4. Key Players Operating in the Market
5. Overview of European Lipid Ingredient Market for Cosmetics Production
5.1. Market Size & Forecast, 2019–2028 (USD Million)
5.2. Market Size, by Key Countries (USD Million)
5.3. Factors Impacting the Market Growth
5.3.1. Market Drivers
5.3.1.1. Rising Investment for the Development of Innovative/Customized Lipid Ingredient
5.3.1.2. Rising Demand for Natural Ingredient Used in Cosmetics
5.3.1.3. Growing Consumer Demand for Cosmetics with Nutrient-Enriched Vegetable Oils
5.3.1.4. Increasing Demand for Skincare Products in the Region
5.3.2. Industry Challenges
5.3.2.1. Limited Availability of Some Lipid Ingredient
5.3.3. Key Market Restraints
5.3.3.1. Availability of Substitutes Such as Mineral Oils
5.4. Key Players Operating in the Market
6. Europe: Lipid Ingredient Market for Cosmetics Production, by Source/Type
6.1. Introduction
6.2. Plants
6.2.1. Vegetable Oil
6.2.2. Nuts Oil
6.2.3. Fruit Seeds
6.2.4. Other Plant-Sourced Lipid Ingredient
6.3. Animals
6.3.1. Fish Oil
6.3.2. Other Animal-Sourced Lipid Ingredient
6.4. Novel Lipid Sources
6.4.1. Microalgae
6.4.2. Insects
7. Europe: Lipid Ingredient Market for Cosmetics Production, by Application
7.1. Introduction
7.2. Skincare Products
7.3. Haircare Products
7.4. Others
8. Industry Insights | Cosmetics Manufacturing – Ingredient
8.1. Value Chain Analysis of Cosmetics Manufacturing Industry (Supply Chain from Raw Material Supply to End Customer)
8.1.1. Input to Production (Raw Material Suppliers)
8.1.2. Manufacturers
8.1.3. Wholesalers/Distributors
8.1.4. Retail & Beauty Service Providers
8.1.5. Customers
8.2. Key Trends in the Cosmetics Ingredient Supply Chain and Related Factors Driving the Market
8.2.1. Growing Demand for Clean Beauty and Green Beauty Products
8.2.2. Increasing Demand for Sustainable Cosmetic Ingredient
9. Industry Insights | Cosmetics Manufacturing – Lipids
9.1. Uptake of Lipids in Cosmetics Manufacturing
9.1.1. By Composition
9.1.2. By Application/Product
9.2. Early Adopters of Novel Lipid Ingredient in the Cosmetics industry
9.3. Current & Potential Applications of Novel Lipid Ingredient in the Cosmetics industry
9.4. Average Sale Price of Protein Ingredient, by Source
9.5. Raw Material Selection Criteria of Cosmetic Manufacturers
9.5.1. Key Product Features
9.5.2. Partner Section Criteria
9.5.2.1. Continuous Product innovation
9.5.2.2. Cooperative Support
9.5.2.3. Brand Image
9.6. Key industry Organizations/Institutions for Novel Lipid Ingredient
10 Lipid Ingredient Market for Cosmetics Production, by Country
10.1. Germany
10.2. France
10.3. U.K.
10.4. The Netherlands
10.5. Belgium
10.6. Poland
10.7. Norway
10.8. Sweden
10.9. Denmark
10.10. Austria
10.11. Finland
10.12. Switzerland
10.13. Czech Republic
10.14. The Baltic countries
10.15. Rest of Europe
11. Company Profiles (Customer Profiles)
11.1. L'oréal S.A.
11.1.1. Business Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.1.4. Strategic Developments
11.1.5. Key Personnel (R&D & Procurement)
11.2. Unilever PLC
11.2.1. Business Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.2.5. Key Personnel (R&D & Procurement)
11.3. The Procter & Gamble Company
11.3.1. Business Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.3.4. Strategic Developments
11.3.5. Key Personnel (R&D & Procurement)
11.4. Beiersdorf AG
11.4.1. Business Overview
11.4.2. Financial Overview
11.4.3. Product Portfolio
11.4.4. Strategic Developments
11.4.5. Key Personnel (R&D & Procurement)
11.5. Coty Inc.
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.5.4. Strategic Developments
11.5.5. Key Personnel (R&D & Procurement)
11.6. Shiseido Company, Limited
11.6.1. Business Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Strategic Developments
11.6.5. Key Personnel (R&D & Procurement)
11.7. L’occitane international S.A.
11.7.1. Business Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Developments
11.7.5. Key Personnel (R&D & Procurement)
11.8. Colgate-Palmolive Company
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Key Personnel (R&D & Procurement)
11.9. The Estée Lauder Companies Inc.
11.9.1. Business Overview
11.9.2. Financial Overview
11.9.3. Product Portfolio
11.9.4. Strategic Developments
11.9.5. Key Personnel (R&D & Procurement)
11.10. Johnson & Johnson Services, Inc.
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Key Personnel (R&D & Procurement)
12. Company Profiles (Competitor Profiles/Lipid Ingredient Manufacturers)
12.1. Koninklijke DSM N.V.
12.1.1. Business Overview
12.1.2. Financial Overview
12.1.3. Product Portfolio
12.2. Archer Daniels Midland (ADM) Company
12.2.1. Business Overview
12.2.2. Financial Overview
12.2.3. Product Portfolio
12.3. Stepan Company
12.3.1. Business Overview
12.3.2. Financial Overview
12.3.3. Product Portfolio
12.4. Cargill, Incorporated
12.4.1. Business Overview
12.4.2. Financial Overview
12.4.3. Product Portfolio
12.5. BASF SE
12.5.1. Business Overview
12.5.2. Financial Overview
12.5.3. Product Portfolio
12.5.4. Strategic Developments
12.6. Croda International PLC
12.6.1. Business Overview
12.6.2. Financial Overview
12.6.3. Product Portfolio
12.7. Merck Group
12.7.1. Business Overview
12.7.2. Financial Overview
12.7.3. Product Portfolio
12.7.4. Strategic Developments
12.8. NOF Europe GmbH (Subsidiary of NOF Corporation)
12.8.1. Business Overview
12.8.2. Financial Overview
12.8.3. Product Portfolio
12.9. Neptune Wellness Solutions, Inc.
12.9.1. Business Overview
12.9.2. Financial Overview
12.9.3. Product Portfolio
12.10. Abitec Corporation
12.10.1. Business Overview
12.10.2. Product Portfolio
12.10.3. Strategic Developments
12.11. Lipoid GmbH
12.11.1. Business Overview
12.11.2. Product Portfolio
12.12. Polaris
12.12.1. Business Overview
12.12.2. Product Portfolio
12.13. Sonic Biochem Extraction Pvt. Ltd.
12.13.1. Business Overview
12.13.2. Product Portfolio
12.14. Nordic Naturals, Inc.
12.14.1. Business Overview
12.14.2. Product Portfolio
12.15. Solutex Gc S.L.
12.15.1. Business Overview
12.15.2. Product Portfolio
13. Appendix
13.1. Key Secondary Sources Referred
13.2. Primary Research Mix
13.3. Questionnaire
List of Tables :
Table 1 Europe: Cosmetics Market Size, by Country, 2019–2028 (USD Million)
Table 2 Europe: Lipid Ingredients Market Size for Cosmetics Production, by Country, 2019–2028 (USD Million)
Table 3 Europe: Cosmetics Market, 2015-2020 (USD Billion)
Table 4 Europe: Natural Cosmetics Market, 2015-2020 (USD Billion)
Table 5 Europe: Lipid Ingredients Market for Cosmetics Production, by Source, 2019-2028 (USD Million)
Table 6 Europe: Plant-Sourced Lipid Ingredients Market for Cosmetics Production, by Type, 2019-2028 (USD Million)
Table 7 Europe: Plant-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 8 Europe: Vegetable Oil-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 9 Europe: Nuts Oil-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 10 Europe: Fruit Seed-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 11 Europe: Other Plant-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 12 Animal Fat and Oil Ingredients Used in Cosmetics
Table 13 Europe: Animal-Sourced Lipid Ingredients Market for Cosmetics Production, by Type, 2019-2028 (USD Million)
Table 14 Europe: Animal-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 15 Europe: Fish Oil-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 16 Europe: Other Animal-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 17 Europe: Novel Lipid-Sourced Lipid Ingredients Market for Cosmetics Production, by Type, 2019-2028 (USD Million)
Table 18 Europe: Novel Lipid-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 19 Europe: Microalgae-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 20 Europe: Insect-Sourced Lipid Ingredients Market for Cosmetics Production, by Country, 2019-2028 (USD Million)
Table 21 Europe: Lipid Ingredients Market for Cosmetics Production, by Application, 2019-2028 (USD Million)
Table 22 Benefits of the Lipid Ingredients in the Skincare Products
Table 23 Europe: Lipid Ingredients Market for Skincare Products, by Country, 2019-2028 (USD Million)
Table 24 Europe: Lipid Ingredients Market for Haircare Products, by Country, 2019-2028 (USD Million)
Table 25 Europe: Lipid Ingredients Market for Other Cosmetic Products, by Country, 2019-2028 (USD Million)
Table 26 Types of Ingredient Manufacturers in the European Cosmetics Sector
Table 27 Types of Cosmetic Manufacturers in the European Region
Table 28 Key Stakeholders in the Cosmetics Manufacturing Industry
Table 29 Examples of Lipid Ingredient Composition in Cosmetics
Table 30 Uptake of Lipid Ingredients by Application/Product
Table 31 List of Key Players Using Novel Lipid Ingredients in Their Cosmetic Formulations
Table 32 Novel Lipid Ingredients Application
List of Figure
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 European Cosmetics Market, 2019-2028 (USD Million)
Figure 9 Europe Lipid Ingredients Market for Cosmetic Production, 2019-2028 (USD Million)
Figure 10 The Novel Lipid Sources Segment to Witness the Highest Growth During the Forecast Period
Figure 11 The Skincare Segment Is Estimated to Account for the Largest Market Share in 2021
Figure 12 Europe Lipid Ingredients Market for Cosmetics Production, By Country, 2021
Figure 13 Europe: Cosmetics Market Size, 2019–2028 (USD Million)
Figure 14 Market Dynamics
Figure 15 Europe Natural Cosmetic Market, 2015-2020 (USD Billion)
Figure 16 Europe: Lipid Ingredients Market Size for Cosmetics Production, 2019–2028 (USD Million)
Figure 17 Market Dynamics
Figure 18 Europe: Imports of Natural Ingredients for Cosmetics, By Country, By Ingredient Type, 2019 (In Thousand Tonnes)
Figure 19 Palm Kernel Oil Imports in Europe, 2012-2018 (In Thousand Tonnes)
Figure 20 Europe: Lipid Ingredients Market for Cosmetics Production, By Source, 2021-2028 (USD Million)
Figure 21 Europe: Imports of Coconut, Palm Kernel, and Babassu Oil for Cosmetics, 2019 (In Thousand Tonnes)
Figure 22 Europe: Lipid Ingredients Market for Cosmetics Production, By Application, 2021-2028 (USD Million)
Figure 23 Value Chain Analysis of Cosmetics Manufacturing Industry
Figure 24 Lipid Ingredients Applied in the Cosmetics Formulations, By Source
Figure 25 Low Environmental Impact of Microalgae Oil Compared to Other Oils
Figure 26 Things to Consider When Selecting Raw Materials
Figure 27 L'Oréal S.A.: Financial Overview, 2020
Figure 28 Unilever PLC: Financial Overview, 2020
Figure 29 The Procter & Gamble Company: Financial Overview, 2020
Figure 30 Beiersdorf AG: Financial Overview, 2020
Figure 31 Coty Inc.: Financial Overview, 2020
Figure 32 Shiseido Company, Limited: Financial Overview, 2020
Figure 33 L’Occitane International S.A.: Financial Overview, 2021
Figure 34 Colgate-Palmolive Company: Financial Overview, 2020
Figure 35 The Estée Lauder Companies Inc.: Financial Overview, 2020
Figure 36 Johnson & Johnson Services, Inc.: Financial Overview, 2020
Figure 37 Koninklijke DSM N.V.: Financial Overview, 2020
Figure 38 Archer Daniels Midland Company: Financial Overview, 2020
Figure 39 Stepan Company: Financial Overview, 2020
Figure 40 Cargill, Incorporated: Financial Overview, 2020
Figure 41 BASF SE: Financial Overview, 2020
Figure 42 Croda International Plc: Financial Overview, 2020
Figure 43 Merck Group: Financial Overview, 2020
Figure 44 NOF Corporation: Financial Overview, 2020
Figure 45 Neptune Wellness Solutions, Inc.: Financial Overview, 2020
Figure 46 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Mar-2024
Published Date: Oct-2023
Published Date: Oct-2023
Published Date: Sep-2023
