Home > Bulk & Specialty Chemicals > LATAM Cosmetic Preservatives Market

LATAM 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, Phenoxyethanol, Benzylalkohol / nat. Benzylalkohol, Hexandiol / nat. Hexandiol, Penthylenglycol / nat. Penthylenglycol, Proopandiol / nat. Propandiol, Chlorphxdroxyamid Amid Acid (CHA), Chlorphenesin, CMI/MI, IPBC, Preservative Boosters]), By Usage(Caprylyl Glycol, Glyceryl Caprylate, Ethylhexylglycerin, Hydroacetophenone, Decylene Glycol), 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

  • Report ID: GMI4624
  • Published Date: Apr 2020
  • Report Format: PDF

Industry Trends

LATAM cosmetic preservatives market size exceeded USD 95 Million, in 2019 and is estimated to grow at over 4% CAGR between 2020 and 2026. Surging investments by market participants and rapid technological advancements in cosmetics sector will propel regional industry growth during the forecast period.

Get more details on this report - Request Free Sample PDF

Cosmetic preservatives are used to prevent variations and decay caused by microorganisms which leads to contaminations during production, transportation, consumer use, and storage. Antioxidants can also be used to protect alteration caused by exposure to oxygen. These products help in reducing risk of infections, decrease microbial spoilage, and preserve fresh attributes along with nutritional quality.

Broad-spectrum preservatives can be used to provide protection against broad range of bacteria, microbes, yeast, fungi, and molds, thereby boosting LATAM cosmetic preservatives market share.

Strict regulations by Brazil Health Agency (Anvisa) prevailing towards utilization of synthetic based cosmetic preservatives may hamper product demand. Preservatives including formaldehyde and paraformaldehyde are restricted for usage which may hinder overall industry growth.

However, companies are investing in new technological developments and production capacity expansions to enhance their product portfolio. For instance, Dupont launched its innovative blends, NEOLONE Bio Preservatives and NEOLONE Phenoxyethanol Preservatives. NEOLONE Bio Preservatives are based on broad-spectrum, naturally derived personal care preservative Ethyl Lauroyl Arginate. Ethyl Lauroyl Arginate is non-irritating, bio-degradable, and non-sensitizing.

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

Inclination towards natural products will foster LATAM cosmetic preservatives market growth

Get more details on this report - Request Free Sample PDF

Natural cosmetic preservatives segment is estimated to witness significant gains over 5% by the end of 2026. Increasing demand for multifunctional ingredients supported by growing consumer awareness regarding side effects of chemical ingredients will propel product demand. Vitamin C and its salts are added in cosmetic formulations to prevent final product from deterioration caused by exposure to air and control the pH of the product. Vitamins are effective against bacteria but are not effective against broad spectrum to replace synthetic preservatives which may affect the LATAM cosmetic preservatives market.

Natural preservatives including organic acids, natural antioxidants, natural oils, and herbal extracts are anticipated to grow substantially in the forecast timeframe. The region has plenty of natural ingredients which can be sourced from several species of plants and herbs. Brazil is one of the major producers of essential oils. Easy availability of raw materials may stimulate the production of natural cosmetic preservatives, thus driving LATAM cosmetic preservatives market growth.

Booming skin care products demand will stimulate the  market growth

Get more details on this report - Request Free Sample PDF

Skin care applications segment is anticipated to reach over USD 50 million by 2026. Cosmetic preservatives are used in several skin care products including moisturizers, creams, sun protection creams. New product launches by companies in LATAM to prevent skin from sun exposure and its negative effects is likely to foster the Latin America cosmetic preservatives market demand.

For instance, Chemyunion, a Brazil based company launched number of sunscreen ingredients including gattefosse’s emulium illustro and Agen which naturally derived botanical extracts. This will have a positive impact on LATAM cosmetic preservatives market value.

Growing cosmetics industry in Brazil will stimulate product demand

Get more details on this report - Request Free Sample PDF

Brazil cosmetic preservatives market is estimated to witness significant gains over 4% through 2026. Brazil cosmetics industry revenue is likely to witness strong gains owing to strong domestic demand. This is further anticipated to increase owing to rising R&D activities in the region for manufacturing natural cosmetic ingredients.

Cosmetics sector is one of the major industries in the country. Companies are looking for opportunities in the Amazon forest in order to develop new solutions from natural raw materials. For instance, Natura, a Brazilian cosmetics manufacturer sustainably acquires ingredients from Amazon forest to form bases for their technologies.  

Rising investments by manufacturers on online marketing have increased product awareness among the population, which should result in growing cosmetics sale. Presence of ecommerce giants including MercadoLibre, Amazon, B2W Digital, Alibaba, CNova, and Buscape should further boost regional cosmetics sales. During cosmetics shipment, the products are subjected to different conditions which them vulnerable to the growth of contaminants. Consequently, the use of preservatives becomes even more important.

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

LATAM cosmetic preservatives market is moderately consolidated with major players including BASF, Vantage, Merck, Lonza, Dow Chemical, Sharon Laboratories, Arkema, Ashland, Symrise, Schülke, Clariant AG, IFF, Stepan Company, Firmenich, Alban Muller, Synthite Industries and Royal DSM.

Market participants in the LATAM cosmetic preservatives industry are taking strategic initiatives including capacity expansions, new product launches, partnerships & collaborations and mergers & acquisitions. For instance, In November 2018, Dow Chemical Company added bio based preservatives to its product portfolio. These bio-based product are incorporated with ethyl lauroyl arginate (ELA) which is an intellectual property that is owned by Lamirsa, a Spain based company for utilization in cosmetics.

In May 2018, LANXESS introduced new solbrol preservatives for cosmetics protection. Solbrol FFA is a preservative-free fruit acid blend that is highly effective against both bacteria and fungi. This GMO-free product is designed for oral care, hair care, skin care, and for both leave-on and rinse-off applications.

In October 2018, MINASOLVE released A-LEEN Aroma-3 and E-LEEN Green A. These are new alternatives for preserving the quality of cosmetic products.

LATAM cosmetic preservatives market research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (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
    • Phenoxyethanol
    • Benzylalkohol / nat. Benzylalkohol
    • Hexandiol / nat. Hexandiol
    • Penthylenglycol/nat. Penthylenglycol
    • Proopandiol / nat. Propandiol
    • Chlorphxdroxyamid Amid Acid (CHA)
    • Chlorphenesin
    • CMI/MI
    • IPBC
    • Preservative Boosters

By Usage

  • Caprylyl Glycol
  • Glyceryl Caprylate
  • Ethylhexylglycerin
  • Hydroacetophenone
  • Decylene Glycol

By Application

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

The above information has been provided for the following countries:

By Country

  • Mexico
  • Brazil
  • Colombia
  • Argentina
  • Chile
  • Peru
  • Paraguay
  • Bolivia
  • Uruguay
  • Ecuador
  • Panama
  • Honduras
  • Nicaragua
  • El Salvador
  • Guatemala
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

According to report, LATAM cosmetic preservatives market size is estimated to be pegged at US$ 130.74 Bn by 2026.
The LATAM cosmetic preservatives market is likely to register a CAGR of 4.2% over the forecast period.
According to the report published by Global Market Insights Inc., the Latin America cosmetic preservatives business is supposed to attain $130 million by 2026.
Growing demand for natural and organic cosmetics, rising e-commerce market for selling cosmetics products and increasing working women population are major factors expected to drive the growth of the market.
BASF, Lonza, Merck KGaA, Sharon Laboratories, Dow Chemical Company, Ashland, Arkema, Clariant AG, Symrise Ag, Schülke, Stepan Company, International Flavours & Fragrances Inc (IFF), LANXESS, Firmenich SA, are some of the top contributors in the industry.
The skincare application segment registered the highest market value in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

Buy Now

Immediate Delivery Available

Premium Report Details

  • Base Year: 2019
  • Companies covered: 26
  • Tables & Figures: 594
  • Countries covered: 15
  • Pages: 608
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount