Asia Pacific Cosmetic Preservatives Market size worth over $685 Million by 2026
Published Date: June 2, 2020 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights, Inc., the Asia Pacific Cosmetic Preservatives Market size is set to surpass $ 685 Million by 2026. Growing incorporation of preservatives in cosmetics for increasing shelf life along with upgrading quality of a product is likely to drive product demand by 2026. Increasing beauty consciousness is leading to rise in sales for hair care and skin care products, thus fostering APAC market growth.
Increasing demand for premium and multifunctional personal care products has led to utilization of sophisticated preservatives may propel industry growth. Rising personal grooming trends among consumers for maintaining good skin and hair quality will foster the demand for skin care and hair care products which will have a positive impact on Asia Pacific cosmetic preservatives market growth.
Growing demand of natural and non-toxic ingredients will foster essential oils demand
APAC essential oils sector was estimated to be over 1,800 tons in 2019. Essential oils are widely used as personal care preservatives owing to their natural antioxidant rich nature and oil base which increases shelf life. They are sourced from buds, tea bark & leaf’s of various plants such as peppermint, lavender, tea tree, bergamot, jasmine, and rose. Rising demand of natural and organic natural personal care products will have a positive impact on the APAC cosmetic preservatives market share.
Browse key industry insights spread across 459 pages with 331 market data tables and 53 figures & charts from the report, “APAC Cosmetic Preservatives Market By Product (Natural/ Organic Preservatives, Synthetic/ Chemical Preservatives), By Preservative Booster (Caprylyl Glycol, Glyceryl Caprylate, Ethylhexylglycerin, Hydroacetophenone, Decylene Glycol), Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Rising toiletries demand owing to increasing personal hygiene trends will stimulate APAC cosmetic preservatives market growth
“According to market analysis and trends, toiletries application is expected to surpass CAGR 4.0% from 2020 to 2026.”
Cosmetic preservatives are widely used in manufacturing soaps, shower gels, personal hygiene products, and shaving lotions. Increasing demand for high quality toiletries owing to rising awareness towards dermatological aspects of healthcare and increasing demand for effective solutions is likely to boost product demand. Rising coronavirus spread in the region will foster handwash demand will have a positive impact on Asia Pacific cosmetic preservatives market growth.
“As per industry forecasts, China is forecasted to exceed over 5.5% by 2026 due to growing premium personal care products demand”
As per industry reports, shifting trends towards personalized beauty products supported by high investment in research to develop specialized goods will contribute towards industry growth. Rising demand for multifunctional cosmetic products which offer both skin protection and hydration has led to growing personal care sector which will have a positive impact on Asia Pacific cosmetic preservatives market expansion.
Key product manufacturers in Asia Pacific cosmetic preservatives industry are Ashland, Lonza, The Dow Chemical Company, Clariant AG, BASF, Symrise AG, Coralim Aditivos S.L., IFF, LANXESS, and Sharon Laboratories Ltd.
Manufacturers are engaged in several strategical initiatives including acquisitions & mergers, collaborations, and innovations to enhance market share. For example, In April 2018, Sharon laboratories introduced SharoSENSE Plus Preservative Line which is a natural, high efficacy solution with enhanced hydro solubility. It is introduced as one of the green and effective preservative systems.