Sclerotium Gum: Market outlook

The escalating growth for cosmetic and personal care industry and increasing demand for premium cosmetic products is giving rise to the Sclerotium gum Market over the forecast year. Sclerotium gum is a nature-derived, water-soluble polysaccharide produced by the process of fermentation of Sclerotium rolfsii, a filamentous fungus. Sclerotium gum is an extremely multipurpose ingredient, which improves the sensory characteristic of cosmetics and personal care products. Sclerotium gum has rheological properties, and unlike most synthetic and natural gums, is resistant to hydrolysis, has high thermal stability, and preserves skin moisture and thus is widely used in the formulation of cosmetic products. Sclerotium gum is used in abundant cosmetic and personal care products and formulations due to its competence as a potential emulsifier, thickening agent, and stabilizer. The increasing demand for cosmetic and personal care products including hair care, sun care, skin care, color cosmetics, an others is giving rise to sclerotium gum owing to drivers like rising disposable income, growing demand for natural and organic personal care products, growing online retailing, and others.

Request A Sample-

Global Growth in the Beauty Market is Leading to the Growing Demand for Sclerotium Gum

The sclerotium gum market is expected to witness spurt growth over the forecast period. The increasing number of working individuals across the globe is resulting in increasing consumers spending capacity on cosmetic and personal care, which in turn is leading to rising sales of quality products. The growing sales for cosmetics and personal care products are thus creating demand for sclerotium gum. Sclerotium gum enhances the sensory and qualitative appeal of the cosmetics products due to its properties including sensory improver, thickening agent, moisturizing property, stabilizer, cold-solubility, electrolyte tolerant, foam stabilizer, and sparkling clarity. Besides, consumer inclination to buy clean label personal care and cosmetic products is shifting significantly upwards due to increasing awareness regarding the benefits of natural and organic ingredients. Consumers are gradually opting for clean label products owing to the presence of toxic ingredients in chemical or synthetic products. Sclerotium gum is a naturally derived ingredient used in the cosmetics products thus are witnessing growing demand. Also, personal care and cosmetic products are nowadays readily available to consumers through online retailing. Online retailing has increased product penetration and provided greater accessibility of cosmetics and personal care products to consumers. The increasing online retailing is thus creating demand for more products thus creating demand for cosmetic ingredients like sclerotium gum.  Also, aggressive advertising and promotional activities by key players are steadily contributing to the growing cosmetics and personal care market, which in turn is fuelling the demand for sclerotium gum.   

Global Sclerotium Gum: Key Players

Some of the major players of sclerotium gum market include: Univar Inc., BASF SE, Lucas Meyer Cosmetics, Cargill, Inc., Beijing Brilliance Bio, Fitz Chem LLC, Pure Ingredients Ltd, and others

Opportunities for Participants of Sclerotium Gum Market:

The market for sclerotium gum is anticipated to witness a growing demand over the forecast period. North America is expected to account for maximum market share for the sclerotium market. North America cosmetic products market is expected to witness robust growth owing to the high consumer awareness regarding the benefits of natural and organic personal care products in comparison to conventional products. Moreover, the launch of new products is stimulating market growth for cosmetics and personal care products. The increasing demand for cosmetic and personal care products is further creating demand for sclerotium gum which is used in the formulation of these products. Thus North America is expected to account for maximum market share for sclerotium gum. Besides, the Asia Pacific region is expected to provide maximum growth opportunities to the sclerotium market owing to increasing internet penetration in the region, and rising focus of significant brands on building their digital capabilities has increased online sales of cosmetic products. Therefore, e-Commerce has contributed significantly to the growth of the cosmetic market in the Asia Pacific region which is opening the way for sclerotium gum market.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

Purchase A Report-

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.