Global Cosmetic Preservatives Market size worth above USD 1565 million by 2027
Published Date: May 21, 2021 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights Inc., the Cosmetic Preservatives Market size is set to surpass USD 1565 million by 2027.
Cosmetic preservatives are a natural or synthetic ingredient which is used in products including food, personal care, pharmaceutical to prevent decay from unwanted chemical variation and bacterial growth. It is used in various cosmetic products to avoid product damage triggered by micro-organism and to shield the product from unintended contamination by the purchaser during use. Increasing consumer inclination towards external beauty and increasing sales of cosmetic products should boost the cosmetic preservatives market growth.
Increasing consumer demand for multi-functional ingredients should stimulate natural antioxidant demand
Natural antioxidant product witnessed a consumption of over 11.10 kilo tons in 2020, which is anticipated to exhibit significant gains up to 2027. Antioxidants reduce the rate of oxidation in oil to extend the shelf life of products. Polyphenols, flavonoids, vitamin C and vitamin E are some of the natural antioxidants used in cosmetic preparations. Vitamins improves the appearance of skin and reduce wrinkles and scars.
Growing consumer awareness about side effects of chemical ingredients is expected to propel product demand. Vitamin E is a fat-soluble antioxidant that inhibits the production of reactive oxygen species formed during oxidation process of fat. Vitamin C and its salts are added in cosmetics formulations to prevent deterioration of the final product caused by exposure to air and to control the pH of the product which represents substantial growth opportunities for cosmetic preservatives market.
“As per industry forecast, antioxidant product should register over 9.4% gains by 2027, pertaining to its effectivity against bacteria and ability to replace synthetic preservatives”
Browse key industry insights spread across 280 pages with 287 market data tables and 41 figures & charts from the report, “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 Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing consumer beauty consciousness is expected to boost demand for hair care and skin care products which should drive market growth
Cosmetic preservatives market demand from hair care applications should exceed USD 425 million up to 2027. Haircare products contain large amount of water and active nutrients as well as favorable pH and temperature which serves as a desirable environment for the growth of mold, bacteria and yeast. Easy availability along with cost-effectiveness will stimulate demand for synthetic preservatives should augment the cosmetic preservatives market share.
Skin care application dominates the cosmetic preservatives market owing to vast product category including moisturizers and lotions included in this sector. These skin care products are manufactured using both oil-based and water-based systems which promotes incorporation of large amount of preservatives. Skin care product preparations with water-based formulations are susceptible to bacterial growth and can easily multiply in water-based products due to presence of a favorable environment for bacteria which is anticipated to boost demand for preservatives to restrict the growth of bacteria.
“As per industry forecasts, hair care applications should register gains over 8% by 2027, pertaining to its increasing use to prevent microbial contamination of hair care products”
Rapid economic growth and increasing consumer focus to improve their appearance will drive cosmetics preservative demand in Asia Pacific
Asia Pacific should exceed USD 385 million up to 2027 and is predicted to witness substantial growth in the forecasted period. Rising penetration of beauty goods in young generation supported by chemical free cosmetic product trends will bolster regional organic preservatives demand. Asia Pacific is the largest market for skin care products accounting for over 35% of the total market share which is likely to act as another contributing factor towards industry growth. Availability of natural ingredients owing to ago-based economy in Asia Pacific region will propel the cosmetic preservatives market growth.
“As per market estimates, Asia Pacific should register over 8.5% gains by 2027, pertaining to growing multi-level marketing along with effective distribution channels”
The global cosmetic preservatives industry share is competitive and comprises various companies such as Ashland, Lonza, Arkema fine chemicals, DuPont de Nemours, BASF, Chemipol, Sharon Laboratories, Symrise AG, Salicylate and chemical Pvt Ltd., Thor Group Ltd and Dadia Chemical Industries. Companies are primarily engaged in strategic acquisitions and product launch to expand product portfolio and distribution network.