Home > Pressrelease > Cosmetic Preservatives Market size to exceed $1.65bn by 2028

Cosmetic Preservatives Market size to exceed $1.65bn by 2028

  • Published Date: April 1, 2022

Cosmetic preservatives market size is set to surpass USD 1.65 billion by 2028, according to a new research report by Global Market Insights Inc.

Cosmetics preservatives are ingredients which decrease the microbial spoilage, reduce the risk of infections, preserve fresh attributes, and maintain the quality of cosmetic products. Natural and synthetic preservatives help preserve the action of the natural ingredients in cosmetics and provides protection against a broad range of bacteria, microbes, yeast, fungi, and molds.

Natural cosmetic preservatives include plant and herbal extracts which have properties to be used as defense mechanism against the natural activity of the microbes, and insects. Different plants & herbal extracts include grape seed, rosemary, aloe Vera and neem extracts. Natural antioxidants sources include tocopherols (nuts and seeds), ascorbic and citric acids (citrus fruits), carotenoids (fruits and vegetables) and phenolic compounds (herbs and spices, grape seeds).

Growing beauty consciousness is increasing the sales for skin care products which is anticipated to drive cosmetic preservatives market growth. Shifting trends towards personalized beauty products supported by high investment in research to develop specialized cosmetics should stimulate industry expansion.

Synthetic cosmetic preservatives such as phenol derivatives has high antimicrobial efficacy and high-performance standards. They are both microbicidal and micro static in nature as it reduces microbial population significantly and prevent subsequent re-growth. Synthetic product such as QAC’s are used as preservatives in hair conditioners, dyes and colors, as very low concentrations of these product are effective in preserving the cosmetic product.

High efficiency and cost effectiveness should support the business landscape

Cosmetic preservatives market from synthetic segment is predicted to reach USD 1 billion by 2028. Increasing consumer influence on product quality along with additional focus of manufacturers on extending product lifespan should augment product demand. Phenol derivatives are widely used in skin care and hair care cosmetics as it is considered non-irritating and does not release formaldehyde.

Restrictions on the use of parabens in the cosmetic by EU commission and FDA owing to safety issues and irritancy may limit its use as a synthetic preservative. However, formulators are still preferring these synthetic chemicals owing to their compatibility and the high cost of natural preservatives which may favor cosmetic preservatives market share.

Parabens are widely used in shampoos, moisturizers, gels, toothpaste, and face creams. It is highly effective against large microbial spectrum along with its effectiveness in oil based and water-based formulations which should favor product adoption. However, growing concerns regarding the safety of parabens and their carcinogenic nature will foster the industry outlook.

Formaldehyde releasing preservatives (FRP) are prominently used in liquid baby soaps, nail polish, hair gel, hair smoothening products color cosmetics, baby products, toiletries, and shampoos. Growing demand for hair care products due to changing fashion trends and growth in hair treatments should favor synthetic cosmetic preservatives demand.

Browse key industry insights spread across 280 pages with 287 market data tables and 41 figures & charts from the report, “Cosmetic Preservatives Market Analysis 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]), Application (Hair Care, Skin Care, Toiletries, Fragrances and Perfumes, Baby Products), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028in detail along with the table of contents:

Phenol derivatives are prominently used to inhibit microbial growth mainly in hair, skin, and bath preparations. Rising demand for phenol derivatives in cosmetic preparations as gentle preservatives should favor market statistics. Increasing fashion trends towards hair treatment and color has led to a rise in the demand for hair care products, which should drive the market expansion.

Increasing consumer awareness towards the maintenance of hair health, improved feel and appearance should drive the product adoption

Cosmetic preservatives market from haircare segment exceeded USD 265 million in 2021 and is expected to witness 8.5% CAGR through 2028. Hair care products contains large amount of water, active nutrients as well as favorable pH and temperature which serves as desirable environment for the growth of yeast, molds, and bacteria. Formaldehyde releasers, parabens, QAC and phenol derivatives has functional properties and preserves haircare products which should fuel the industry expansion.

Easy availability along with cost-effectiveness should stimulate synthetic cosmetic preservatives demand for haircare application. Organic acids, essential oil such as neem, lavender, and tea tree oil along with plant extracts including grape seed and rosemary extract actives are used in haircare products.

The natural cosmetic preservative ingredients impart therapeutic qualities along with preservation properties to the haircare products which should foster the cosmetic preservatives market progression. Growing beauty consciousness among consumers, supported by development of new consumer safe ingredients should boost cosmetics preservatives demand for haircare application.

Increasing awareness regarding the availability of wide range of hair care products and the development of new hair care products with more effectivities should augment preservatives demand for hair care applications. Increasing use of hair care products such as conditioners and shampoos will influence the market revenue.

Increasing consumer focus to improve their appearance will spur market forecast in Asia Pacific

Asia Pacific cosmetic preservatives market is slated to cross USD 420 million by 2028. Growing multi-level marketing along with effective distribution channels has resulted in high accessibility and visibility of different cosmetic products which should accelerate market value.

Increasing consumer focus towards external beauty and rising disposable income is driving the cosmetic industry. Significant growth in use of products such as sunscreen lotions, moisturizing lotions, and hair styling product for enhancing personal appearance will propel the regional market trends.

Rising penetration of beauty goods in young generation supported by chemical-free cosmetic product should bolster regional demand for natural and organic preservatives. Availability of natural ingredients owing to agro-based economy is predicted to foster regional cosmetic preservatives market statistics. Increasing concerns regarding synthetic ingredients such as stringent regulatory norms on limiting the usage of parabens & formaldehyde releasers in cosmetics and demand for sustainable products.

Authors: Kunal Ahuja, Sarita Bayas