Westford, USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global cosmetic Preservatives market share will reach a value of USD 689.19 Million by 2031, with a CAGR of 6% during the forecast period (2024-2031). The main factor driving the cosmetic Preservatives market growth is increasing consumer awareness of safety and personal hygiene. Due to growing skin and hair problems, better Preservativess are increasingly required with the rising demand for skincare and haircare products. In addition, the growing middle class has increased disposable incomes, especially in emerging countries such as China, India, and others, to purchase high-end personal care items that require cutting-edge preservation technology.
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Browse in-depth TOC on the "Cosmetic Preservatives Market"
Pages – 157
Tables – 68
Figures – 77
Cosmetic Preservatives Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 432.41 Million |
| Estimated Value by 2031 | USD 689.19 Million |
| Growth Rate | Poised to grow at a CAGR of 6% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa |
| Report Highlights | Expansion of Cosmetic Preservatives Market in Emerging Countries |
| Key Market Opportunities | Increasing Popularity of Vegan Products |
| Key Market Drivers | Preference for Natural and Organic Products |
Cosmetic Preservatives Market Segmental Analysis
Global Cosmetic Preservative Market is segmented on the basis of Product, Application and region.
By Product, the market is segmented into Paraben esters, Formaldehyde donors, Phenol derivatives, Alcohols, Quaternary compounds, Organic acids and Others.
By Application, the market is segmented into Skin & sun care, Hair care, Toiletries, Fragrances & perfumes, Makeup & colour, Others.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Phenol Derivatives Dominates Amidst Cost-Effectiveness and Antibacterial Properties
Based on the 2023 cosmetic Preservatives market analysis, the phenol derivatives category accounted for the highest share of the revenue, at 36.6%. Phenol derivatives show better stability, solubility, and compatibility with various cosmetic formulae. Of late, they have also been a subject of immense interest as they are cheaper than other Preservativess. Due to rising demand for Preservativess that can effectively combat microbial contamination, especially in water-based cosmetics, phenol derivatives are now the producers' favorite choice. The industry is driven mainly by the strong antibacterial properties and flexibility of phenol derivatives.
Growing Demand for Personal Hygiene and Multi-Purpose Products Driving Toiletries Segment Growth
As per the cosmetic Preservatives market forecast, the toiletries category is expected to have a significant increase during the projection period. The demand for toiletries has surged because of the growing emphasis on personal hygiene and the burgeoning middle class. In addition, as consumers have increasingly demanded multi-purpose, convenient goods such as body washes, soaps, face washes, shaving creams, bath oils, and shower gels, and necessitated efficient Preservativess for product stability, the demand has been increased further. In addition, there has been massive growth in the organic and natural toiletries market that stimulates innovation of Preservatives formulas.
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Consumer Demand for Natural and Effective Preservativess Driving North American Market Growth
North America was witnessed to be an exciting and profitable for the cosmetic Preservatives market in 2023. The area witnessed a huge demand for high-end cosmetics due to increased income levels and awareness about personal care and beauty. Skin conditions such as acne and premature aging have seen growth rates, which triggered the design of niche skincare products and created a higher demand for effective Preservativess. In the next couple of years, the market in the US is expected to grow rapidly. The advancement of the beauty business has been attributed to the increased demand for environmentally friendly Preservativess by customers that are continuously making choices for the use of more natural and organic beauty products.
Cosmetic Preservatives Market Insights
Drivers
- Growth of the Cosmetic Industry
- Preference for Natural and Organic Products
- Innovation in Preservation Technologies
Restraints
- Consumer Sensitivity to Preservativess
- Short Shelf Life of Natural Alternatives
- Incompatibility with Certain Ingredients
Key Players Operating Within the Cosmetic Preservatives Market
- BASF SE
- Lonza Group
- Dow Chemical Company
- Ashland Global Holdings Inc.
- Clariant
- Symrise AG
- Sharon Laboratories
- The Chemours Company
- Brenntag AG
- Salicylates and Chemicals Pvt. Ltd.
- Schulke & Mayr GmbH
- Thor Personal Care
- Ashland Specialty Ingredients
- Symex Holdings
- Galaxy Surfactants Ltd.
- Innospec Inc.
- Lanxess AG
- Jeen International Corp
- Merck KGaA
- Vantage Specialty Ingredients
- ISCA UK Ltd.
- Kumar Organic Products Ltd.
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Key Questions Covered in the Global Cosmetic Preservatives Market Report
- What is the duration of market estimates covered in this report?
- What are the key market players operating within the market?
- Which region accounted for the largest share in 2023?
- What are the key cosmetic Preservatives market trends?
- By 2031, what will be the growth value of the market?
This report provides the following insights:
Analysis of key drivers (preference for natural & organic products, innovation in preservation technologies), restraints (consumer sensitivity to Preservativess, lack of consumer awareness) opportunities (increasing popularity of vegan products), and challenges (consumer perception of Preservativess) influencing the growth of the cosmetic Preservatives market
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the cosmetic Preservatives market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the cosmetic Preservatives market
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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