Europe is Largest Personal Care Delivery Systems Market in the World; Asia Pacific Identified as Fastest-Growing

New York City, New York, August 25, 2015: An alarming increase in the incidence of skin diseases, coupled with the skin-damaging effects of UV radiation will stimulate growth in the global market for personal care delivery systems, finds Persistence Market Research. The market intelligence firm expects that the global personal care delivery system market will reach a valuation of US$ 543,373.2 thousand by 2020, growing robustly over its 2014 value of US$ 345,287.3 thousand. This translates into a CAGR of 7.8% between 2014 and 2020. The report studies the global delivery systems in personal care market from different perspectives: By application type, by type of delivery systems, by usage area, as well as by geography.

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The report is titled, ‘Global Market Study on Delivery Systems in Personal Care: Asia to Witness Highest Growth by 2020’. A delivery system, in the context of personal care, is essentially used for stabilizing active ingredients so as to enhance their absorption by the skin. This approach not only helps deliver active ingredients to the desired areas on the skin’s surface, but also heightens the performance of these cosmetics.

PMR analysts note that the demand for personal care delivery systems is higher in regions such as Europe and North America as compared to Asia Pacific or Rest of the World. Of these, Europe is the largest market for personal care delivery systems. The PMR report says that the European personal care delivery systems market was pegged at US$ 145,561.8 thousand as of 2014, and registering a 7.9% CAGR, will rise likely touch US$ 230,345.6 thousand by 2020.

In Europe, numerous market forces work in favor of the personal care delivery systems market. These include: rapid growth in the aging population base and heightened awareness about the various therapeutic applications that delivery systems carry.

While similar market conditions prevail in the North America market, the easy availability of personal care delivery systems has brought more consumers in the market’s fold. The launch of new and innovative skin and hair care product formulations, many of which debut in the North America region, is yet another factor enabling the personal care delivery systems market report strong growth.

However, the greatest force that runs counter to the overall growth trend is the strict regulations that govern cosmetic ingredients.

Although the largest, Europe is expected to be superseded by Asia Pacific in terms of growth rate. This means that the Asia Pacific personal care delivery systems market is poised to register a very strong growth rate over the report’s forecast period. The Asian market, with its expanding base of consumers with high spending power, is expected to surpass all other regions in terms of growth rate. Aging individuals in Asia are showing a greater interest in personal care delivery systems to maintain the vitality and suppleness of their skin, and at the same time, younger individuals with greater buying power are stimulating demand.

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PMR’s report on the global market for delivery systems in personal care profiles leading market participants such as Clariant International Ltd., Croda International Plc, Centerchem Inc., Air Products and Chemicals, Inc., Lonza Group Ltd., International Flora Technologies. Ltd., BASF SE, Unipex Group Inc., Salvona Technologies LLC, and Glenn Corporation, among others.

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