On the basis of application, the skin and sun care segment managed to retain its dominance in the global market during the coming decade. The growing demand for clean-label beauty products and increasing health-consciousness among customers are boosting the market growth of skin and sun care cosmetic products to the maximum.
In the market study by BIS Research, the global bio-based cosmetics and personal care ingredients market is expected to garner an overall revenue of $5.25 billion by 2029, with a CAGR of 5.18% during the period 2019-2029.
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