Coco Glucose Market: Outlook
Growing urbanization, increasing women workforce, rising purchasing power, trending self-care and well-groomed awareness, snowballing demand for premium cosmetics and personal care products, preference for natural and clean label products, and online retailing, are major influencing forces driving the growth for the cosmetic and personal care industry. In the year 2016, the beauty and personal care industry was valued at approximately US$ 444 Bn, providing tremendous growth opportunity for the ingredients, products, and formulations like coco glucose, which are used in the cosmetic and personal care industry. Coco Glucose is a non-ionic, natural, mild surfactant widely used in cosmetics and personal care industry. Coco glucose is formed by a chemical reaction between coconut-based fatty alcohols and fruit sugars. Coco Glucose is ultra-mild and is widely used as a cleansing and foaming agent, especially for sensitive skincare products. The ultra-mild and gentle characteristics of coco glucose make it an excellent choice for the formulation of toiletry and personal hygiene products. Besides, coco glucose forms a remarkable foam, compared to its conventional and ionic counterparts, and thus is replacing them in hair care products, including shampoos and conditioners.
Furthermore, coco glucose forms a fine and stable foam which provides it an extra edge in formulations for shower gels and bubble baths. Coco glucose is also used as a co-surfactant, and is potential in reducing the total active necessities of other foaming ingredients, without varying their performance. Coco glucose is used to enhance and maintain the cleansing effectiveness, ease of thickening, and foam volume, while improving on the gentle, and mild, nature of the final cosmetic and personal care formulation. Also, coco glucose is free from any impurities, making it suitable for baby and pet products.
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Demand for Natural Foaming and Cleansing Agent Coupled with Robust Sales of Cosmetic and Personal Care Product is Providing Growth Opportunity for Coco Glucose
The increasing urbanization and rising per capita disposable income of the consumers is giving a boost to the self-care and wellness trend among consumers. The consumers are getting driven towards premium and good quality beauty and self-care products, which not only help them in proper personal care but also helps them to gain confidence. The consumers prefer natural cosmetics and personal care products that go mild on their skin type and have no minimal negative effect on their skin. Coco glucose is an on-the-go solution for foaming agent, surfactants, and cleansing agent used in the formulation of the personal care and beauty products. The demand for coco glucose is directly proportional to the growing sales for cosmetic and personal care products. According to the Food and Drug Administration and Cosmetic Ingredient Review, coco glucose is a safe and un-harmful ingredient for application in cosmetic products. Thus, big cosmetic and personal care manufacturers are using coco glucose to increase the efficiency and efficacy of their formulations. The coco glucose is also finding increasing application in the baby products including baby wash, baby cream and lotions, baby soaps and toiletries, and others, as it is mild and gentle for baby’s skin type. The growing baby care products are thus leading to strong market demand for coco glucose. Furthermore, the increasing demand for premium beauty and personal care products like color cosmetics, skincare products, and body care products among millennials and baby boomers is anticipated to boost the demand for coco glucose over the forecast period.
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Coco Glucose: Key Players
Some the key players operating their business in the global coco glucose market are Seppic Inc, Innospec Inc, Croda International plc, SABO S.p.A., BASF SE, and, Dow Chemical Co Ltd among the others.
Opportunities for Coco Glucose Market Participants:
Coco glucose is anticipated to witness a remarkable growth and demand in the developing economies like Asia Pacific and Middle East and Africa. Increasing purchasing power, and growing awareness among the consumers about health and wellness is boosting the sales of beauty products in these regions. Besides, penetrating online retailing in these economies have provided cosmetic manufacturers to sell their products on a large platform and provide consumer ease of accessibility and choices of different cosmetic products on same a platform. Europe and North America are expected to have maximum market share for coco glucose owing to robust beauty and personal care industry growth in the region. In addition, the growing market for natural products and consolidation of several big cosmetic and personal care industry in these region is proliferating the demand for coco glucose.
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