Cosmetic Preservatives Market Size By Product (Natural/ Organic Preservatives [Plants & Herbal Extracts, Essential Oil, Natural Antioxidants, Organic Acid], Synthetic/ Chemical Preservatives [Parabens, Formaldehyde Releasers, Alcohols, Phenol Derivatives, Quaternary Ammonium Compounds]), By Application (Hair Care, Skin Care, Toiletries, Fragrances and Perfumes, Baby Products), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI1279  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 296   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Cosmetic preservatives market size exceeded USD 975 Million, in 2019 and is estimated to grow at over 7% CAGR between 2020 and 2026. Growing incorporation of preservatives in cosmetics owing to importance given to increased shelf life along with upgrading product quality and increasing beauty awareness among population has resulted in rising skin care products sales, thereby driving the global market growth.
 

Cosmetics Preservative Market Statistics

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Favorable regulatory amendments by EU Commission pertaining to use of natural and organic cosmetic ingredients may positively favor market growth. Supporting policies act as effective tools to educate consumer pertaining to preservative content and benefits thereby increasing consumer adoption. Rise in demand for multifunctional and premium cosmetics has led to incorporation of sophisticated preservatives which may favor the cosmetic preservatives market growth.
 

Increasing consumer awareness and inclination towards cosmetic preservatives may positively influence product demand. Easy availability of natural and synthetic preservatives should boost industry growth. Application potential in hair care owing to health benefits like allowing product to remain fresh during the long span between the time of manufacture and the time the customer finishes using it may contribute towards cosmetic preservatives market share.
 

Companies are investing in new technological developments and production capacity expansions to enhance their product portfolio. In March 2020, Clariant launched its new product named Velsan Flex which is a next generation preservation booster for personal care industry application. This product employs 93% RCI (Renewable Carbon Index) technology which is highly effective in combination with all preservative types. This enables 50% reduction of typical preservative while attaining safe antimicrobial cosmetics protection.
 

However, factors including COVID-19 pandemic will have a negative impact on global cosmetic preservatives market growth. The virus spread has led to lockdown of manufacturing plants in order to prevent infection. This may lead to declining profits of the manufacturers which may impact the cosmetic preservatives demand for manufacturing the end products.
 

Cosmetic Preservatives Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 978.52 Million
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.2% 2026 Value Projection: USD 1,272.31 Million
Pages: 296 Tables, Charts & Figures: 328
Geographies covered (20): U.S., Canada, Mexico, Germany, UK, Italy, France, Russia, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, South Africa, UAE
Segments covered: Product, Application
Companies covered (15): Ashland, BASF, Clariant, DOW, Lonza, Akema Fine Chemicals, Chemipol, Sharon Laboratories, Symrise, Salicylates and Chemicals, Thor Group, Dadia Chemical, Gujarat Organics, Evonik and Isca UK Ltd.
Growth Drivers:
  • North America: Growth of beauty products & functional cosmetics (anti-aging, brightening, sunscreen
  • Europe: Increasing exports and Rise in organic ingredients demand due to strict EU regulations regarding limiting synthetic chemical usage
  • Asia Pacific: Increased awareness regarding beauty products along with growing demand for men grooming products
Pitfalls & Challenges:
  • Growing risk of diseases
  • High price & short shelf life of Natural Cosmetic preservatives

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Shifting consumer preference towards natural products will accelerate global cosmetic preservatives market growth

Cosmetic Preservatives Market from Natural Preservatives

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Natural cosmetic preservatives segment is expected to witness appreciable gains over 7% by 2026. Rising concerns regarding synthetic chemicals pertaining to their safety along with carcinogenic nature has promoted use of natural and organic alternatives which may favor the cosmetic preservatives market.
 

Natural preservatives including natural antioxidants, organic acids, herbal extracts and natural oils are expected to grow during the forecasted timeframe. Essential oils including thyme, neem, orange, rosemary, clove and lavender exhibit antifungal and anti-bacterial activity. It also helps in balancing product shelf life by using less quantity of preservatives. Rising acceptance of novel ingredients along with technological advancements in extraction techniques will drive cosmetic preservatives market demand.
 

Booming hair care products utilization will foster product demand

Cosmetic Preservatives Market from Haircare Application

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Hair care applications is expected to surpass $340 million by 2026. Hair care products contains large amount of water and active nutrients as well as favorable pH and temperature which serve as desirable environment for microbial growth. Global haircare business may exceed to $210 billion by 2024 with gains over 3%. FRP, QAC, parabens, and phenol derivatives has functional preservation properties. Rising beauty awareness among consumers coupled with development of safe ingredients will favor the cosmetic preservatives market.
 

Owing to rising hair care products utilization, manufacturers are releasing novel preservative products which is likely to foster cosmetic preservatives market revenue. For example, In 2016, Ashland released its new product named Optiphen DLP preservative. This product is predominantly used in hair and skin care products. It offers nature identical active ingredients that provides antifungal boosting properties at lower use levels.
 

Growing cosmetics industry in Asia Pacific will stimulate product demand

Cosmetic Preservatives Market by Region

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Asia Pacific region is estimated to witness significant gains over 7% through 2026. Cosmetic preservatives market in APAC is anticipated to witness strong gains owing to rising incorporation in sunscreen lotions, conditioners, anti-aging cremes and shampoos. Asia Pacific is the largest market for skin care products accounting for over 35% of the total market share.
 

Increasing consumer focus to improve their appearance and along with rapid regional economic growth. Growing multi-level marketing along with effective distribution channels has resulted in rising demand for the product. For instance, presence of ecommerce giants in the region including Amazon, AliBaba, Flipkart and LUXASIA has increased cosmetics sales. Thus, accelerating regional cosmetic preservatives market value.
 

Novel product releases and R & D initiatives to be key business strategies by manufacturers

Global cosmetic preservatives industry is consolidated with major players including BASF, Ashland, DOW, Clariant, Akema, Lonza, Sharon Laboratories, Chemipol, Symrise, Thor Group, Salicylates, Evonik, Dadia Chemical, Isca and Gujarat Organics.
 

Market participants are executing strategic decisions including new product launches, mergers & acquisitions, partnerships & collaborations and capacity expansions. For instance, In October 2017, Lonza released its new range of preservatives made from naturally derived Polyaldo polyglyceryl esters in order to implement new company strategy for long term and to become a sustainable supplier in global cosmetic preservatives market.
 

In March 2017, Evonik announced acquisition of acquired German based company named Dr. Straetmans GmbH which specializes in alternative preservation systems for cosmetic products. The company is engaged in marketing and developing preservative alternatives for cosmetic industry. Through this initiation, Evonik will be able to induce Dr. Straetmans GmbH products into their product portfolio which will help the company to attain stronger market position.
 

Cosmetic preservatives market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:
 

By Product

  • Natural/ Organic Preservatives
    • Plants & Herbal Extracts
    • Essential Oil,
    • Natural Antioxidants
    • Organic Acid
  • Synthetic/ Chemical Preservatives
    • Parabens
    • Formaldehyde Releasers
    • Alcohols
    • Phenol Derivatives
    • Quaternary Ammonium Compounds
    • Others

By Application

  • Hair Care
  • Skin Care
  • Toiletries
  • Fragrances and Perfumes
  • Baby Products
  • Others

The above information has been provided for the following regions & countries:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia      
  • Asia Pacific          
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Malaysia
    • Australia
  • Latin America
    • Brazil        
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia
       

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the cosmetic preservatives business is supposed to attain $1.25 billion by 2026.
Growth of beauty products & functional cosmetics, increasing exports & rise in organic ingredients demand due to strict EU regulations regarding limiting synthetic chemical usage, and increased awareness regarding beauty products along with growing demand for men grooming products are major factors expected to drive the growth of the global market.
Ashland, BASF, Clariant, DOW, Lonza, Akema Fine Chemicals, Chemipol, Sharon Laboratories, Symrise, Salicylates and Chemicals, Thor Group, Dadia Chemical, Gujarat Organics, Evonik and Isca UK Ltd are some of the top contributors in the industry.
The natural cosmetic preservatives segment registered a major share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: May 2020
  • Pages: 296
  • Tables: 286
  • Charts / Figures: 42
  • Companies covered: 15
  • Countries covered: 20

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