Cosmetic Preservatives Market Growth 2023-2028, Industry Size, Share, Trends and Forecast
IMARC Group, a leading market research company, has recently releases report titled “Cosmetic Preservatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cosmetic preservatives market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the cosmetic preservatives market?
The global cosmetic preservatives market size reached US$ 330.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 485.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
What is cosmetic preservatives ?
Cosmetic preservatives represent several ingredients specifically added to inhibit the development of microorganisms and contamination during the formulation, storage, shipment, or use of cosmetic items. They protect the formula and ensure the stability and durability of these products upon getting exposed to moisture and oxygen. Some of the widely available cosmetic preservatives involve natural variants, such as oil extracts from curry leaves, cinnamon, clove bud, etc., and synthetic variants, including parabens, organic acids, formaldehyde releasers, phenoxyethanol, isothiazolinones, etc. They are usually added to face masks, sunscreens, lotions, scrubs, hair conditioners, face powders, soaps, etc. In line with this, cosmetic products can easily get contaminated by fungi and bacteria. Consequently, these preservatives are gaining extensive traction across the globe.
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What are the growth prospects and trends in the cosmetic preservatives industry?
The escalating demand for personalized personal care products and the rising consumer beauty consciousness are primarily driving the cosmetic preservatives market. Additionally, the inflating popularity of these ingredients that are added as antioxidants, antimicrobials, and stabilizers to prevent skin infections and other problems is further bolstering the global market. Besides this, continuous product innovations, such as the development of phenol derivatives as an effective alternative to parabens, are acting as significant growth-inducing factors. Moreover, leading manufacturers are focusing on producing cosmetics with improved shelf-life and organic preservatives to minimize the risks of contamination, owing to their water and oil content, which is also positively influencing the global market. Apart from this, the increasing expenditure capacities of individuals and the growing adoption of advanced technologies in the manufacturing processes of these agents are expected to fuel the cosmetic preservatives market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Synthetic Preservatives
- Natural Preservatives
Breakup by Product:
- Paraben Esters
- Formaldehyde Releasers
- Phenol Derivatives
- Alcohols
- Inorganic Chemicals
- Quaternary Compounds
- Organic Acids and their Salts
- Others
Breakup by Application:
- Skin and Sun Care Products
- Hair Care Products
- Toiletries
- Fragrances and Perfumes
- Makeup and Color Products
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Akema Fine Chemicals
- Ashland Global Holdings Inc.
- BASF SE
- Chemipol
- Clariant AG
- Lonza Group AG
- Salicylates and Chemicals Pvt. Ltd.
- Symrise AG
- Dow Inc.
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