Cosmetic Preservative Market Analysis, Growth Opportunities and Recent Trends by Application 2021 to 2024

Felton, California , USA, Apr 29, 2021 — /EPR Network/ —

The global Cosmetic Preservative Market size is expected to value at USD 458.8 million by 2024. The market is subject to witness a substantial growth due to the shifting trend towards use of natural cosmetic products. High-end demand from Asia Pacific region, particularly from countries such as India, South Korea and China is expected to fuel market growth over the forecast period. Preservatives are considered as a vital ingredient of cosmetics products due to minimize adverse effects caused by microorganisms.

Additionally, preservatives help to curb contamination in case of the product utilization. Preservatives also help to enhance shelf life of the cosmetic product. These factors are expected to fuel the growth of cosmetic preservative industry over the forecast period. Globally, the cosmetic preservative market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. Shifting trend towards use of herbal cosmetics products owing to increasing awareness among general population regarding numerous benefits of products over the synthetic products is estimated to aggravate market demand for cosmetic preservative over the forecast period.

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Global Cosmetic Preservatives Product Outlook (Revenue, USD Million, 2014 – 2024)

  • Paraben esters
  • Formaldehyde donors
  • Phenol derivatives
  • Alcohols
  • Quaternary compounds
  • Organic acids
  • Others

Global Cosmetic Preservatives Application Outlook (Revenue, USD Million, 2014 – 2024)

  • Skin & sun care
  • Hair care
  • Toiletries
  • Fragrances & perfumes
  • Makeup & color
  • Others

The skin & sunscreen care is considered as one of the fastest growing segment in the cosmetic preservative market with substantial revenue generation in the last few years. Growing popularity of cosmetic preservative in the skin & sunscreen care segment is attributed to the rising awareness associated with harmful effects caused by ultra-violet rays on the skin. The toiletries segment has also witnessed substantial growth owing to the increasing demand for soaps, face wash, shower gels, shaving creams, and bath oils.

The key players in the cosmetic preservative industry are Ashland Inc., BASF SE, Clariant Co., The Dow Chemical Co., Lonza Group Ltd., Akema Fine Chemicals Co., Symrise AG, Salicylates & Chemicals Pvt., Ltd., Brenntag AG, and Chemipol S.A.

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The cosmetic preservative industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cosmetics sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.

Asia-Pacific region is predicted to hold major market share in the cosmetic preservatives market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising demand for cosmetics, increasing awareness associated with personal hygiene & cleanliness, growing disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.

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