Asia Pacific Cosmetic Preservatives Market Size

Asia Pacific Cosmetic Preservatives Market Size

Asia Pacific cosmetics preservatives market size exceeded USD 520 million in 2021 and is estimated to grow at over 8 % CAGR from 2022 to 2028 owing to the superior demand for aromatic & natural preservatives and increasing awareness of the potential benefits of essential oils.

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Cosmetic preservatives are used to prevent variations and decay caused by microorganisms and contamination during formulation, shipment, storage, or consumer use. These preservatives are used in moisturizers, creams, lotions, and fragrances which are likely to fuel the business growth. Increasing awareness of dermatological aspects of skincare, haircare, and demand for plant & herbal extracts in cosmetics applications is driving the APAC cosmetics preservatives market growth.

Positive application outlook in industries such as haircare, skincare, toiletries, and fragrances are anticipating the business growth. Increasing demand for quick action, economical, and fast solutions is likely to boost product demand for synthetic & chemical preservatives. They can be easily customized concerning various targeted solutions such as creams, lotions, anti-aging serums, moisturizers, and hair care products.
 

Preventing the signs of premature aging, increased elastin & collagen production and improved blood circulation are important factors driving the need for industry. Increasing pollution levels along with unhealthy food routines leads to skin issues thus it will provide an outlook for the cosmetics preservatives demand. Further, global warming effects have boosted demand for skincare products. Technological advances in cosmetic products combined with advanced exfoliative and toxic measures have enhanced the cosmetics preservatives market share.
 

The crisis of COVID-19 has negatively impacted the cosmetics preservatives market in the Asia Pacific, owing to Operational disruption due to strict lockdown has hampered the supply of products from processors to consumers. Staff shortages have become a major problem in various stages of the value chain. Major players, with automated processing technology, have seen a decline in demand from domestic and international markets. However, the pandemic has had a positive impact on the toiletries & hygiene applications thus it will boost the market during the forecast period.