New York, United States , Nov. 01, 2022 (GLOBE NEWSWIRE) -- The Asia Pacific Cosmetics Preservatives Market Size is expected to grow from USD 550 million in 2021 to USD 1081 million by 2030, at a CAGR of 7.8% during the forecast period 2021-2030, according to a new research report published by Spherical Insights & Consulting. China is expected to grow the fastest during the forecast period followed by India and Japan.
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Preservatives for cosmetics are used to stop changes and decay brought on by microorganisms and contaminants during production, transportation, storage, or consumer usage. These preservatives are found in moisturizers, creams, lotions, and fragrances, which is predicted to encourage company growth. The market for Asia Pacific cosmetic preservatives is expanding as a result of growing dermatological awareness, the demand for plant and herbal extracts in cosmetic applications, and other factors. Positive application outlooks in the personal care, cosmetics, skincare, and haircare industries predict business expansion. Due to the increased demand for quick, inexpensive, and efficient solutions, there will likely be an increase in the requirement for synthetic and chemical preservatives in products. They are easily adjustable to a variety of targeted solutions, including creams, lotions, anti-aging serums, moisturizers, and hair care products. Cosmetics are preserved to limit modifications and deterioration caused by contaminants and microbes throughout production, transportation, storage, and consumer use. These preservatives are present in a range of goods, such as moisturizers, creams, lotions, and scents, and are expected to support business expansion. The market for Asia Pacific cosmetic preservatives is expanding as a result of rising dermatological awareness and the desire for plant and herbal extracts in cosmetic applications. Positive application projections for sectors including personal care, cosmetics, skincare, and haircare indicate business expansion. The demand for quick, inexpensive, and quick solutions is expected to increase, which will lead to an increase in the requirement for synthetic & chemical preservatives in products. Numerous targeted treatments are readily customizable, including creams, lotions, anti-aging serums, moisturizers, and hair care items. With automated processing technology, major businesses have noticed a fall in demand from both home and foreign markets. However, the pandemic has positively affected applications related to toiletries and hygiene, which will drive the market throughout the projection period.
This research report categorizes the market for Asia Pacific cosmetics preservatives based on various segments and countries and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific cosmetics preservatives market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Asia Pacific cosmetics preservatives market.
Browse key industry insights spread across 189 pages with 96 market data tables & 66 figures and charts from the report, “Asia Pacific Cosmetic Preservatives Market Size, Share, and COVID-19 Impact Analysis, By Product (Natural and Synthetic), Application (Haircare, Skincare, Baby products, Wet Wipes & Perfume, Toiletries, and Others), Preservative Boosters (Ethylhexylglycerin, Decylene Glycol, Glyceryl Caprylate, Hydroacetophenone, Caprylyl Glycol, And Others), and by Country (China, Japan, India, Rest of Asia Pacific), Analysis and Forecast 2021 – 2030 ” in detail along with the table of contents:
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Based on application, the Asia Pacific cosmetics preservatives market is categorized into haircare, skincare, baby products, wet wipes & perfume, toiletries, and others. Increasing consumer demand for a range of skin care products, such as face masks, creams, lotions, and peels. Asia Pacific cosmetics preservatives provide products more time on the shelf while also giving moisture and protection from UV rays, dirt, and humid conditions. The Asia Pacific cosmetics preservatives market may see favorable growth as more consumers become aware of the adverse effects of UV radiation, which can lead to many acute and chronic ailments and dermatological health problems.
Based on preservative boosters, the Asia Pacific cosmetics preservatives market is segmented into ethylhexylglycerin, decylene glycol, glyceryl caprylate, hydroacetophenone, caprylyl glycol, and others. As a humectant, caprylyl glycol is frequently included in skincare products. It is a hydrating ingredient that hydrates skin by drawing water to the skin and retaining it there. Additionally, it contains preservative-like qualities that aid in preventing product spoilage and extending the shelf life of cosmetics. The market for Asia Pacific cosmetic preservatives will develop as a result of the rising demand for long-lasting personal care products.
Among all countries, China emerged as the largest market for the Asia Pacific cosmetics preservatives market. The market in the country is expanding owing to the increasing appeal from Gen X and millennial consumers. Also, cosmetic companies are using premium cosmetic preservation chemicals, which is anticipated to increase market share. Demand for premium cosmetic ingredients is expected to rise as living standards rise and attitudes toward the dermatological component of skincare change. Market share is also projected to be driven by the quick growth in high-quality product demand, the aging of the population, and a shift toward luxury cosmetics.
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Japan’s market is expected to grow at the fastest CAGR between 2021 and 2030. The country market will grow due to the abundance of raw materials and the rise of the dairy industry. The proliferation of food manufacturers and convenient transportation and storage options made possible by interconnected networks will hasten country market expansion even more. Moreover, it is anticipated that the demand for the product will be fueled by the quick rise of emerging markets, including skincare kits, anti-agers, and face masks.
Key Companies & Recent Developments: The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Companies Covered: Brenntag AG, Penta Manufacturing Company, Forbes Pharmaceuticals, Indian Spice Oil Industries, Expo Essential Oils Chemipol, Clariant AG, Sharon Laboratories, Gujarat Organics Limited, Symrise AG and other prominent key players from region.
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