Strong growth in the European cosmetics industry

The European market for cosmetic ingredients is expected to reach $14.22 bn (about €12.34 bn) by 2032, with annual growth of over 11%, according to MarkNtel Advisors. Driven by the rise of premium skincare products and high-performance formulations, the sector is benefiting from ongoing innovation in specialised ingredients. Synthetic actives continue to dominate (54% of the market), while skincare accounts for nearly 38% of applications. Germany, with a 24% market share, confirms its industrial and scientific leadership. At the same time, the rise of green and bio-based ingredients, driven by consumer expectations and regulatory pressure, is reshaping manufacturers’ strategies. Striking a balance between innovation, performance and compliance, the industry is moving towards more responsible formulations without slowing its growth momentum.