Home > Pressrelease > APAC Cosmetic Preservatives Market size to exceed USD 860 Million by 2028
APAC Cosmetic Preservatives Market size to exceed USD 860 Million by 2028
- Published Date: May 17, 2022
Asia Pacific Cosmetic Preservatives Market size is estimated to surpass USD 860 Million by 2028, according to a new research report by Global Market Insights Inc.
Rising demand for multifunctional and premium cosmetics has led to the incorporation of advanced and high-quality preservatives which may favor industry growth. Growing personal grooming trends among consumers will foster the demand for skin care and hair care products. Further, the growing incorporation of preservatives in cosmetics for increasing shelf life along with upgrading the product quality of a product is likely to drive industry landscape. Increasing beauty consciousness is increasing sales of premium skincare products, thereby promoting Asia Pacific cosmetic preservatives market expansion.
The outbreak of the COVID-19 pandemic has led to the shutdown of offices and marketplaces. Widespread store closures and no e-commerce deliveries of cosmetic products have led to declining sales. The maximum number of people staying at home has led to reduced utilization of cosmetics which will hinder personal care industry growth. However, the manufacturers are utilizing their facilities to produce hand sanitizers and cleaning agents which may support the market statistics.
Rapid increase in the usage of natural preservatives by end-use industries such as hair care & personal care products fuels market progression
Natural preservative products segment is set to reach USD 325 million by 2028, growing at a CAGR of over 5.5% due to its increasing usage in hair care, skincare, toiletries, and other applications. Natural preservatives are extracted from various plant sources such as tea tree, rose, aloe vera, honey, bee wax, jojoba, and jasmine. Rapid demand for organic & natural antioxidant-rich preservatives is impacting positively in the market revenue. Natural & organic preservatives not only prolong the shelf life of cosmetics but also aid in protecting them from environmental susceptibilities after the packaging lid is opened thus gaining acceptance in recent years.
Browse key industry insights spread across 479 pages with 331 market data tables & 56 figures & charts from the report, “Asia Pacific Cosmetic Preservatives Market Analysis By Product (Natural/ Organic Preservatives [Plants & Herbal Extracts, Essential Oil, Natural Antioxidants, Organic Acid, Levulinic Acid, Anisic Acid], Synthetic/ Chemical Preservatives [Parabens [Methyl Paraben, Propyl Paraben, Ethyl Paraben], Formaldehyde Releasers, Alcohols, Phenol Derivatives, Quaternary Ammonium Compounds(Benzalkonium Chloride, Cetylpyridinium Chloride), Phenoxyethanol, Benzyl alcohol/nat. Benzyl alcohol, Hexanediol/nat., Hexanediol, Penthylenglycol / nat. Penthylenglycol, Proopandiol / nat. Propanediol, Butylene Glycol, Chlorphxdroxyamid Amid Acid (CHA), Chlorphenesin, CMI/MI, IPBC, Chlorhexidine Gluconate, Glyceryl Undecylenate, Preservative Boosters]), By Preservative Booster(Caprylyl Glycol, Glyceryl Caprylate, Ethylhexylglycerin, Hydroacetophenone, Decylene Glycol), By Application (Hair Care, Skin Care, Toiletries, Fragrances And Perfumes, Baby Products, Wet Wipes/Facial Masks), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
Improved moisture retention and anti-microbial properties has increased the use of glyceryl caprylate as cosmetic preservative
Asia Pacific cosmetic preservatives market from glyceryl caprylate segment is projected to cross USD 5 million by 2028 owing to its co-emulsifier properties. Glyceryl Caprylate is used as a multi-functional ingredient in cosmetics and personal care product manufacturing. This product is also used as a blending ingredient to induce emulsifiers and offers strong anti-microbial properties. Rising awareness to prevent the spoilage of cosmetic products will augment the business statistics.
Increasing awareness regarding the personal grooming & hygiene will impel the market statistics
Wet wipes or facial segment is estimated to grow at 8.5% CAGR through 2028 owing to its easy application and convenience over other face cleansing products. Growing hygiene consciences along with rising penetration of personal care products will have a positive impact on market value. The rising popularity of wet wipes in the baby care segment has resulted in the usage of multifunctional & safe ingredients, which may further escalate product demand.
Growing adoption of skin care products by Gen Z is expected to boost the market size in Vietnam
Vietnam cosmetic preservatives market is anticipated to surpass USD 20 million by 2028. Generation Z accounts for more than 35% of the total Vietnam population. Increasing cases of skin problems such as acne, sunburns, patches, and fine lines due to increasing environmental pollution are likely to propel the demand for long-lasting and quick-acting cosmetic and skin care preparations.
Factors such as the high adoption of modern lifestyles & fast-food diets, and the rise in the Gen Z population have fueled the growth of economical cosmetic preparations. Additionally, changing climatic countries will foster the market for artificial cosmetic preservative-based sunscreens & cosmetics that increase the water content of top skin layers, and provides shining and lubricating characteristics.
Key product manufacturers in Asia Pacific cosmetic preservatives market are Brenntag AG, Penta Manufacturing Company, Forbes Pharmaceuticals, Indian Spice Oil Industries, Expo Essential Oils Chemipol, Clariant AG, Sharon Laboratories, Gujarat Organics Limited, and Symrise AG. The key strategies observed among the industry participants include new product launches, acquisitions, and expansion.