Malaysia Cosmetic Ingredients Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Malaysia Cosmetic Ingredients Market, By Product Type (Surfactants, Emollients, Oleochemicals, Botanical Extract, Polymers, Rheology Modifier, Preserv....
Malaysia Cosmetic Ingredients Market Size
Market Size in USD
CAGR6.5%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.5% |
| Market Concentration | Medium |
| Major Players | BASF, Evonik, DKSH Holding Ltd., AVARES (M) SDN BHD, TCT Nutraceuticals Sdn Bhd, KLK OLEO, YKLPersonalCare, DURO KIMIA SDN BHD, NITA Cosmetics, Sugarbelle |
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Malaysia Cosmetic Ingredients Market Analysis
The Malaysia Cosmetic Ingredients Market is estimated to be valued at USD 72.9 Mn in 2024 and is expected to reach USD 113.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Increasing disposable incomes and growing emphasis on personal care and grooming among Malaysian consumers are driving demand for cosmetic products and ingredients. The market is expected to witness positive growth over the forecast period. Rising working women population with higher spending on beauty and skincare products will boost the cosmetic ingredients market in Malaysia. Additionally, increasing penetration of e-commerce and availability of international brands at affordable prices online is further expected to support the market growth during 2024-2031.