CRODA MAY 202211 Feb 2025 10:45
April will see all of this ambition come good, delivered by Croda as they set out to do 3 years ago.
So, whilst the barriers to entry for our consumer care customers are falling, the barriers to entry for ingredient suppliers such as Croda are increasing, because of increasingly widespread and complex legislation.
As outlined practical terms, our customers are looking for ingredients that are fossil-free and ethically sourced, which help them reduce their scope 3 carbon emissions and their transition to sustainability more generally.
Many of you will know that L'Oréal is a leader in sustainability in Beauty and Personal Care markets. We have a long-established and growing relationship with them due to our alignment on innovation and sustainability.
Whilst L'Oréal has been the first mover in the beauty and personal care market, other multinationals are following on quickly, each with their own particular priorities.
Often it is the smaller purpose-driven brands that are the leaders here, so our sustainability offer is relevant to all segments of the market, creating exciting opportunities for Croda.
So, to summarise, sustainability and science are driving consumers and our customers, with customers also wanting more intimate relationships with key suppliers to reduce time to market.
The forward compound annual growth rates for 2021 to 2025. Within our Personal Care segment, we focus on skin and hair care. Skin care is the biggest, fastest growing and most profitable segment, where we are the leading innovator in biologically active ingredients.