Global Cosmetic Preservatives Market is valued at USD 323.21 Million in 2019 and expected to reach USD 502.88 Million by 2025 with the CAGR of 6.53% over the forecast period.
Increasing demand for health-based natural skincare products, rising product development, surging investments in research and development for paraben free organic preservatives are the major factors for driving the growth of Global Cosmetic Preservatives Market.
Scope of Global Cosmetic Preservatives Market Report-
Cosmetic Preservatives can be defined as any substance specifically or primarily designed to inhibit the growth of microorganisms in cosmetics. Preservatives help preserve formulations and ensure the durability of cosmetics. They are essential for formulations containing water. In fact, the presence of water in the formulation creates a favorable environment for microbial Growth.
The use of preservatives in cosmetics is essential to prevent microbial changes and contamination during formulation, transport, storage or use by consumers. Antioxidants can also be used to protect against changes caused by exposure to oxygen. The use of synthetic preservatives allows you to fully understand the safety and toxicity of this ingredient. Synthetic preservatives at low concentrations can effectively preserve the product. In addition, synthetic preservatives have a broad spectrum of activity against bacteria and fungi. In addition, they are more affordable than natural preservatives.
Cosmetic preservatives may act as antioxidants, stabilizers and antibacterial agents. Cosmetics are made from biodegradable elements and will deteriorate due to the types of microorganisms. Due to the presence of water, cosmetics can cause decomposition after prolonged storage and can cause changes in color, viscosity and odor. First, cosmetic preservatives are added to the product to inhibit the growth of microorganisms. These can be used to formulate sunscreens, scrubs, masks, lotions and many other cosmetics. There are various preservatives on the market, such as wet wipes, rinse agents and leave-in agents. Leave-in products include deodorants, creams and body lotions. The wipes include baby wipes and wipes. Rinsing products include soap and shampoo.
Global Cosmetic Preservatives Market is segmented on the basis of type and application. On the basis of type, the market is segmented into formaldehydes, paraben products, alcohols, organic acids, phenol derivatives, quaternary compounds and others. On the basis of application, the market is segmented into sunscreens, lotions, creams, gels, shampoos, conditioners, mouthwash, toothpaste, soaps, cleansers, and others.
The regions covered in this Cosmetic Preservatives market report are North America, Europe, Asia Pacific and rest of the World. On the basis of country level, market is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.
Cosmetic Preservatives Companies
Cosmetic Preservatives Market report covers major key players in the market like
Ashland Inc.
Struchem Co. Ltd.
Lonza Group Ltd.
Clariant AG
Symrise AG
The Dow Chemical Company
Finetech Industry Ltd.
AE Chemie Inc.
Penta Manufacturing Company
others
Global Cosmetic Preservatives Market Dynamics-
Increasing demand for health-based natural skincare products, rising product development, surging investments in research and development for paraben free organic preservatives and surging worldwide consumption of facial masks, creams and hair gels are the major factors for driving the growth of Global Cosmetic Preservatives Market. As per the statistics from Cosmetics Info, around 87% of customers believe that products catering protection against microorganism growth is a strong point for them to make a purchase and 69% of them believe that cosmetics are safe to use with preservatives. Moreover, increasing disposable income of people in developing countries that, in turn, raised expenditure capacity, global consciousness about health and personal grooming, are other major factors that drive people to adopt cosmetic preservatives and propel the market growth.
However, increasing concern about the health implications possessed by the preservatives incorporating paraben and high prices of herbal cosmetic products are some of the factors that may hamper the growth of the market.
The manufacturers of cosmetic preservatives are investing more and more into the R&D to make paraben-free products, that are totally based on natural and herbal ingredients for protecting cosmetics from microbial attacks. Additionally, surging use of isothiazolinones in rinsing products and hair shampoos are also some factors which are expected to withhold lucrative opportunities for the Cosmetic Preservatives market in future.
North America is expected to remain a dominant region in the Global Cosmetic Preservatives Market.
North America is expected to dominate the market of Global Cosmetic Preservatives. This is mainly due to the rising demand for cosmetic products, rising awareness towards purity of beauty products, personal care and hygiene. Additionally, there are several developed countries in the region where there is a urbanized lifestyle, and higher status of living of people with high disposable incomes. There is also a huge demand for paraben free natural products for skincare and haircare, which is the primary factors for the region holding a dominance in cosmetic preservatives market. There are around 12,500 unique chemical approved ingredients for cosmetics in US alone. Also, on an average, a woman in US uses 9 to 15 personal care cosmetic products per day.
Asia Pacific region is expected to grow at a fastest rate, mainly due to raising awareness of skin healthcare, rising consumption of herbal cosmetic products like sunscreens, facial creams, hair gels etc. and increase in production facilities in India, Japan, and China. Moreover, spike in expenditure capacity of people in developing countries is also providing great opportunities for the adoption of cosmetic preservatives market. As per Household Expenditure Survey, by Australian Bureau of Statistics, Australians spend nearly 4.5 Billion USD every year on cosmetic products.
Key Benefits of Global Cosmetic Preservatives Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Cosmetic Preservatives Market Segmentation: -
By Type: Formaldehydes, Paraben products, Alcohols, Organic acids, Phenol derivatives, Quaternary compounds
By Application: Sunscreens, Lotions, Creams, Gels, Shampoos, Conditioners, Mouthwash, Toothpaste, Soaps, Cleansers
By Regional Analysis:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa
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The personal care and cosmetic preservatives industry is projected to grow at a steady CAGR of 4% between 2019 and 2029.
The widespread demand arising from the pharmaceutical and personal care sectors to minimize product spoilage is a key factor bolstering revenue growth.
This promising growth outlook can be attributed to the importance being given to sustainability and formulation compatibility, reveals Fact.MR in its new study.“Rising demand from niche end user products such as baby wipes, wet wipes, and grooming products will support the personal care and cosmetic preservatives market growth,” says the Fact.MR report.Request PDF Sample of the 170-page report on the personal care and cosmetic preservatives market- https://www.factmr.com/connectus/sample?flag=S_id=4638Personal Care and Cosmetic Preservatives Market – Key TakeawaysThe synthetic products segment holds leading demand growth and three quarters market share, despite growing demand for bio-based alternatives.Phenoxyethanol remains highly preferred accounting for major rise in growth rate through the forecast period.Antioxidant preservatives are poised to witness a high growth rate through the end of the assessment period.Europe is a leading market, and accounted for US$ 78 Bn in 2018, with major impetus arising from UK, France, Italy, and Germany.East Asia is anticipated to display major growth rate through 2029, driven by cosmetics production in South Korea, China, and Japan.Personal Care and Cosmetic Preservatives Market – Key Driving FactorsThe rising efficacy in protecting personal care and cosmetic products against microbes and contamination are driving the demand in global market.The rising demand for men’s personal care, and anti-aging products support growth of global market.The rising adoption of alternative blends of personal care and cosmetic preservatives to counter wider range of microbes has resulted in widespread application, bolstering growth.Niche demand for non-animal, natural personal care and cosmetic preservatives is generating remunerative opportunities in the industry.Personal Care and Cosmetic Preservatives Market – Key ConstraintsIncreasing strictness of regulations and inspections associated with safety standards, has increased development costs, reducing profit margins.Consumer awareness about side effects of synthetic preservatives will challenge the market.Impact of Covid-19 OutbreakWith the widespread impact of the coronavirus outbreak, and the high level of contagiousness of the ailment, most makeup artists, nail artists, and hairstylists around the world have been pushed to temporarily shut shop, following government guidelines, and mandatory curfews.Further, governments are also encouraging patients and dermatologists to cancel all non-emergency appointments.
These trends are anticipated to restrict the global personal care and cosmetic preservatives market, for the coming months.
However, online sales will allow manufacturers and businesses to minimize some losses during this period.Explore 78 tables and 121 figures in the study.
Request ToC of the report at- https://www.factmr.com/connectus/sample?flag=RM_id=4638Competition LandscapeThe global personal care and cosmetic preservatives market is largely consolidated.
