The global Cosmetic Preservative Market size is expected to value at USD 458.8 million by 2024. The market is subject to witness a substantial growth due to the shifting trend towards use of natural cosmetic products. High-end demand from Asia Pacific region, particularly from countries such as India, South Korea and China is expected to fuel market growth over the forecast period. Preservatives are considered as a vital ingredient of cosmetics products due to minimize adverse effects caused by microorganisms.
Additionally, preservatives help to curb contamination in case of the product utilization. Preservatives also help to enhance shelf life of the cosmetic product. These factors are expected to fuel the growth of cosmetic preservative industry over the forecast period. Globally, the cosmetic preservative market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. Shifting trend towards use of herbal cosmetics products owing to increasing awareness among general population regarding numerous benefits of products over the synthetic products is estimated to aggravate market demand for cosmetic preservative over the forecast period.
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Additionally, rising female workforce and escalating demand for cosmetics and skin-care products is considered as one of the prominent growth factors in the recent years for the cosmetic preservative. Organic preservatives are largely utilized for production of the conventional cosmetics and skin care products due to their cost-effectiveness and easy availability. The recent technological developments in the bi-technology coupled with development of novel products in the cosmetics and skin-care industry are predicted to foster market growth over the forecast period.
Additionally, shifting focus towards the organic cosmetic and skin care products is expected to drive the market expansion as well. Organic cosmetic and skin products involving green solutions like that of naturally occurring raw materials for production of cosmetic preservative is estimated to expand market in the upcoming years. Increasing use of the cosmetic preservative in the various application such as toiletries and medical treatment is anticipated widen market reach in the near future. Increasing demand from Asia Pacific, Latin America, and Middle East region due to increasing personal disposable income and growing health consciousness among general population are considered as some of the prominent growth factors.
The cosmetic preservatives industry is broadly categorized into five major segments based on the application type such as skin & sun care, hair care, toiletries, fragrances & perfumes, and makeup & color. The skin & sunscreen care is considered as one of the fastest growing segment in the cosmetic preservative market with substantial revenue generation in the last few years. Growing popularity of cosmetic preservative in the skin & sunscreen care segment is attributed to the rising awareness associated with harmful effects caused by ultra-violet rays on the skin.
The toiletries segment has also witnessed substantial growth owing to the increasing demand for soaps, face wash, shower gels, shaving creams, and bath oils.
The cosmetic preservative industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cosmetics sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold major market share in the cosmetic preservatives market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising demand for cosmetics, increasing awareness associated with personal hygiene & cleanliness, growing disposable income, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the cosmetic preservative industry are Ashland Inc., BASF SE, Clariant Co., The Dow Chemical Co., Lonza Group Ltd., Akema Fine Chemicals Co., Symrise AG, Salicylates & Chemicals Pvt., Ltd., Brenntag AG, and Chemipol S.A.
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Market Segment:
Global Cosmetic Preservatives Product Outlook (Revenue, USD Million, 2014 – 2024)
• Paraben esters
• Formaldehyde donors
• Phenol derivatives
• Alcohols
• Quaternary compounds
• Organic acids
• Others
Global Cosmetic Preservatives Application Outlook (Revenue, USD Million, 2014 – 2024)
• Skin & sun care
• Hair care
• Toiletries
• Fragrances & perfumes
• Makeup & color
• Others
Global Cosmetic Preservatives Regional Outlook (Revenue, USD Million, 2014 – 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Brazil
• Middle East and Africa
• South Africa
• Turkey
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