The sensory modifier market is estimated to be valued at US$ 6,092.7 million in 2024. The market is estimated to be worth US$ 9,977.8 million by 2034. The escalating demand for sensory modifiers in cosmetics is propelling market growth, emphasizing the crucial role of these additives in enhancing product appeal and sensory experience. The demand for sensory modifiers is likely to expand at a CAGR of 5.10% from 2024 to 2034.
The sensory modifiers market is attributed to an essence of a number of regional and global players, in addition to a limited number of local players.
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Sensory modifiers are ingredients used in cosmetic and personal care formulations which enhance the tactile properties of these products. These consist of a class of ingredients specifically formulated to address deficiencies in the sensory properties of personal care products, or convert any potential issues in formulations impacting the sensory properties into something which results in an optimum experience for consumers.
The sensory modifiers market is sensed to expand into new geographies, mostly developing regions as more and more new cosmetics and personal care formulations are evolving in these regions which are attributed to boosting demand for sensory modifiers over the forecast period.
Increasing awareness of the product content and label is expected to drive cosmetic manufacturers to upgrade their existing product offerings by introducing higher quality natural sensory modifiers. The major producers of sensory modifiers are responding rapidly to the growing consumer demand by improving the overall experience of the product with multi-sensory effect to increase the sensory modifiers application scope.
Asia Pacific region is expected to witness stronger growth dynamics with comparatively higher CAGR over the forecast period.
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Reasons for Covering Sensory Modifiers Market Title
A large number of products recall and failure occurred over the last few years in cosmetics and personal care industry owing to the lack of sensory note in products. Overcrowded shelves of cosmetic products have lead manufacturers to improve sensory note of products as a differentiating strategy which in turn has fueled demand for sensory modifiers over varied geographies.
Stride over achieving a soothing good feel end product by key manufacturers is expected to keep steady demand for sensory modifiers in established markets and increase demand for the sensory modifiers in emerging regions over the forecast period. Recent product launches in sensory modifiers market indicated a series of new variants in terms of raw material used and functionality is further anticipated to drive growth for sensory modifiers market over the forecast period.
Global Sensory Modifiers Market: Key Players
Some of the key players operating in the global Sensory Modifiers market are, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, BASF SE, Cargill, Incorporated, Alchemy Ingredients, Solabia Group, Momentive Performance Materials, Sensient Cosmetic Technologies, BASF SE, Naturex group, Croda International Plc., Gattefossé, SEPPIC, Kobo Products Inc. and others
Key Product Launches in Sensory Modifiers Market
The key product launches that have been observed in the Sensory Modifiers market over the recent years have seen launches targeting ethical buyers and vegan populations:
- In 2017, Gattefossé launched a sensory modifiers named EMULIUM MELLIFERA for the worldwide consumer base. The product is intended to target the multi-functional and natural sensory modifiers demand over the global sensory modifiers market.
- In 2017, Kobo Products Inc. launched KoboGel D5 and KoboGel Aqua sensory modifiers. The sensory modifiers is pre-pigmented and is available in shades of dark, medium, and light. The sensory modifiers products are placed to target the soft focus characteristic demand from consumers.
Opportunities for Market Participants in Sensory Modifiers Market
Developed regions like North America and Europe stands as the major growing region in terms of value and volume of overall sensory modifiers market. The developing regions of the Asia Pacific and Latin America to experience higher demand dynamics in synthetic segment whereas a slower growth dynamics in natural segments.
This attributed to the low awareness of natural trend in the region. The anti-aging segment is expected to form a substantial revenue generating segment owing to consumer expressing inclination towards feel and texture. Over the forecast period, the natural segment is expected to gain faster growth rates resulting in significant growth of the sensory modifiers market.
Brief Approach to Research
Our company will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the distribution channel, form, application and end use of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Global Sensory Modifiers Market: Segmentation
On the basis of nature, the global Sensory Modifiers market has been segmented as –
- Natural
- Synthetic
On the basis of function, the global Sensory Modifiers market has been segmented as –
- Gloss
- Color
- Odor
- Firmness/consistency
- Texture
- Others
On the basis of application, the global Sensory Modifiers market has been segmented as –
- Make-up
- Skin Care
- Face Cream
- Anti-aging
- Sun Protection
- Hair Care
- Personal Hygiene
- Others
On the basis of type, the global Sensory Modifiers market has been segmented as –
- Emollients
- Occlusive
- Humectants
- Others
On the basis of form, the global Sensory Modifiers market has been segmented as –
- Powder
- Liquid
- Semi-solids
Key Data Points Covered in the Report Some of the key data points covered in our report include
- An overview of the market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the market
- The cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in Sensory Modifiers market
About Future Market Insights, Inc. (FMI)
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