The global market for cosmetic and toiletry ingredients reached a value of $24.4 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% to reach $30.5 billion by 2026.

The cosmetic and toiletry ingredient industry is considered a segment of the overall chemical industry. This section of the chemical industry represents approximately 20% of the total chemical industry output, producing more than 5,000 different types of chemicals and compounds.