According to a new market report published by Persistence Market Research “Global Market Study on Delivery Systems in Personal Care - Asia to Witness Highest Growth by 2020”, the global personal care delivery system market was valued at US$ 345,287.3 thousand in 2014 and is expected to expand at a CAGR of 7.8% from 2014 to 2020, to reach US$ 543,373.2 thousand by 2020.
The skin is one of the most important and largest organs of the human body. The personal care industry is constantly working towards developing effective products to maintain the health and beauty of this organ.
Delivery systems are used in personal care to enhance active stabilization. The performance of cosmetic products is boosted by the stabilization of active ingredients on the surface of the skin through delivery systems, which deliver active ingredients to defined areas of the organ.
Globally, the personal care delivery system market is witnessing significant growth due to increasing prevalence of skin diseases, harmful effects of ultraviolet (UV) radiation, growing aging population and increase in disposable income leading to rising in spending on personal care. However, stringent regulatory requirements for the approval of cosmetic ingredients are key restraints for delivery systems in the personal care market.
The global personal care delivery systems market is anticipated to grow from an estimated US$ 345,287.3 thousand in 2014 to US$ 543,373.2 thousand by 2020, at a CAGR of 7.8% during the forecast period.
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Europe is the largest market while Asia represents the fastest growing market for personal care delivery systems. In terms of application, skin care is the largest and fastest growing segment in this market. In terms of the type of delivery system, liposome, and other phospholipids-based delivery systems hold the largest market share in the personal care delivery systems market. In terms of usage area, the salon is the largest and fastest growing segment in the market.
The market in Europe is anticipated to grow from an estimated US$ 145,561.8 thousand in 2014 to US$ 230,345.6 thousand by 2020 at a CAGR of 7.9% during the forecast period.
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