USD 407.93 Million
Global Cosmetic Preservatives Market Size, Share, Growth Analysis, By Product(Paraben esters, Formaldehyde donors), By Application(Skin & sun care, Hair care) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2369 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
68 |
Figures:
77
Global Cosmetic Preservatives Market Insights
Global Cosmetic Preservative Market size was valued at USD 407.93 Million in 2022 and is poised to grow from USD 432.41 Million in 2023 to USD 689.19 Million by 2031, at a CAGR of 6% during the forecast period (2024-2031).
Cosmetic preservatives help multiple roles as antimicrobial agents, antioxidants, and stabilizers. Many cosmetics integrate biodegradable components that can depreciate due to microbial activity. Prolonged storage and the occurrence of water in products can further contribute to cosmetic deprivation, leading to variations in Odor, viscosity, and color. For instance, In March 2022, Sharon Labs made an agreement to acquire RES Pharma Industrial, a dedicated chemical manufacturer situated in Trezzo sull'Adda, Italy (RPI). The acquisition of RPI was scheduled to be finalized in March 2022, with the purpose of integrating RPI's technology, research and development capabilities, production conveniences, commercial development, and customer service expertise into Sharon Laboratories' Personal Care division. Cosmetic preservatives are mainly merged into preparations to curb microbial growth. They can be considered into natural and synthetic preservatives based on their raw materials. Natural preservatives incorporate plant-derived oil extracts like those from curry leaves, cinnamon leaves, and clove buds. Commonly used synthetic preservatives contain parabens, formaldehyde releasers, isothiazolinones, phenoxyethanol, and organic acids. Nevertheless, synthetic compounds have established to be more effective in preventing bacterial growth. North America has consistently held the largest share in the global cosmetic preservatives market.
Preservers find application in various cosmetic products, including face masks, lotions, sunscreens, and scrubs, with diverse types selected based on the detailed product, whether it's rinse-off, leave-on, or wet wipes. Leave-on products, like creams, body lotions, and deodorants, require different preservatives than rinse-off products such as shampoos and soaps, and wet wipes, which include wet tissues and baby wipes. For instance, In December 2021, Clariant introduced a significant procurement by acquiring assets from its German competitor BASF in North America, a transaction valued at USD 60 million in cash. This deliberate move is anticipated to support Clariant's development in the realm of sustainable business enterprises. Clariant is directing to finalize the achievement of BASF's attapulgite business in the summer of 2022. This acquisition positions Clariant as a projecting player in the mining and production of attapulgite clay, a material with competences for mitigating pollution in the production procedures of renewable fuels. Moreover, In August 2021, Clariant has agreed to buy the remaining 70% of Beraca, a Brazilian Personal Care Specialties company from its founders, the Sabará family. Since 2015, Clariant owned a 30% share in the company. The acquisition price is anticipated to remain a secret. The transaction is expected to be finalized in Q4 2021 pending regulatory approvals.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Skin & sun care
Fastest Growth
Fragrances & perfumes, Makeup & color
Growth Rate
6% CAGR
Global Cosmetic Preservatives Market ($ Bn)
Country Share for North America Region (%)
Global Cosmetic Preservatives Market Size By Application ($ Bn)
Global Cosmetic Preservatives Market Size By Application (%)
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Global 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.
Analysis By Product
Phenol derivatives were the dominant group in the Cosmetic Preservative Market back in 2015. The market was being driven by the increasing application of phenol derivatives, particularly phenoxyethanol, in the preparation of various cosmetic products, including skin lightening creams and lotions, hair coloring solutions, and sunscreens. This trend was anticipated to continue fueling market growth from 2016 to 2024. A growing preference for natural constituents in cosmetics was also anticipated to excite the demand for organic preservatives. Organic preservatives, such as those derived from clove, cinnamon, tea tree, lavender, rosemary, and other essential oils and herbs, were projected to understanding a significant CAGR during the forecast period.
In 2022, the paraben esters product segment was valued at USD 45.9 million and was anticipated to exhibit an estimated CAGR of 6.1% during the forecast period. Moreover, the alcohol product segment thought a notable 12.59% revenue share of the global cosmetic preservatives market in the same year.
Analysis By End Use
The application of cosmetic preservatives in skincare and sunscreen products is expected to take the main in the market, representing a considerable 40.24% share of the overall demand. This dominance is driven by the growing responsiveness of the adverse effects of ultraviolet rays on the skin, which is expected to meaningfully bolster this specific application segment. toiletries, encompassing products like soaps, facial cleansers, shower gels, shaving creams, and bath oils, are projected to be the second-largest application segment in 2015. The increasing awareness of personal hygiene, mainly among the population in the Asia Pacific region, is projected to drive the demand for toiletries within this geographical area.
In 2015, the fragrances and perfumes application segment had a market value of USD 21.5 million, and it is projected to reach USD 34.8 million by 2024, with an expected Compound Annual Growth Rate of approximately 5.5% throughout the prediction period.
Global Cosmetic Preservatives Market By Application, 2023 (%)
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Global Cosmetic Preservatives Market Regional Insights
In 2022, the Asia Pacific region appropriated the lead in the global cosmetic stabilizers industry, with a demand share that exceeded 34%. The strong growth was attributed to the increasing demand for cosmetics and a growing awareness concerning personal hygiene and cleanliness in this region. Notably, China and India were expected to experience healthy market growth, followed by several other South East Asian countries.
North America and Central & South America together represented 32.45% of the market share. Within the American Cosmetic Preservative Market, multinational corporations like Ashland Inc. and Dow Chemical Company have established dominance. These companies make substantial reserves in research and development initiatives and own robust distribution networks, providing them with a inexpensive advantage within the market.
Global Cosmetic Preservatives Market By Region, 2024-2031
- Largest
- Fastest
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Global Cosmetic Preservatives Market Dynamics
Drivers
Increasing Consumer Awareness of Product Safety
- With increasing concerns about the possible health risks associated with certain cosmetic ingredients, consumers are flattering more judicious about the products they use. This heightened awareness has led to a surge in request for cosmetic preservers that not only extend the shelf life of cosmetic preparations but also ensure that these products are safe for application on the skin. As consumers seek more information about the constituents in their cosmetics and become proactive in analyzing product labels, manufacturers are under pressure to develop stabilizers that meet stringent safety standards, positioning with this essential trend in the cosmetics industry.
Rising Demand for Natural and Organic Cosmetics
- This trend replicates a broader shift towards cleaner and more sustainable beauty products, driven by delicate awareness of the potential health and environmental reimbursements of using natural ingredients. Consumers are progressively looking for cosmetic preparations that incorporate preservatives derivative from natural sources, such as plant extracts, essential oils, and herbs, as they are supposed as safer substitutes to synthetic preservatives. This rising demand for natural and organic cosmetics underscores the need for innovative and effective natural preservative solutions in the market to meet the evolving opportunities of eco-conscious consumers.
Restraints
Regulatory Restrictions
- The Cosmetic Preservative Market is knowingly obstructed by regulatory restrictions, particularly concerning the use of certain preservatives. Regulatory establishments in various regions have executed stringent strategies and limitations on the types and concentrations of preservatives that can be used in cosmetics. For instance, the restrictions on parabens, a common synthetic preservative, have encouraged cosmetic producers to redevelop their products or seek alternative preservation methods. These regulations not only require agreement efforts but also encourage the industry to innovate and develop preservative solutions that meet both safety standards and consumer difficulties for effective and safe cosmetic products.
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Global Cosmetic Preservatives Market Competitive Landscape
The Cosmetic Preservative Market displays a fragmented landscape considered by numerous small-scale manufacturers, together with a limited number of international corporations. These companies are actively involved in ongoing research and product invention efforts to enhance and develop their product portfolios.
Top Player’s Company Profile
- BASF SE
- Lonza Group
- Dow Chemical Company
- Symrise AG
- 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.
Recent Developments
- In February 2023, Symrise unveiled its purpose to create a strategic partnership between its Cosmetic Constituents division and Synergio. Symrise views this investment as an important strategic operation aimed at strengthening its dominant position as a front-runner in the field of product preservation.
- In August 2022, Brenntag Subjects counterfeit a collaboration with ISCA, a prominent producer of preservatives, with an enthusiastic focus on cosmetic preservatives in the European market. This partnership has allowed Brenntag to combine its sourcing of preservative formulas from a single provider, marking a significant acquisition that modernizes its operations in this domain.
Global Cosmetic Preservatives Key Market Trends
Microbiome-Friendly Preservatives
- With a excavating understanding of the skin's microbiome, cosmetic companies are progressively focused on expressing preservatives that support and continue a balanced skin ecosystem. These preservatives are intended to not only protect cosmetic products from microbial infection but also to work harmoniously with the skin's natural microbiota. By protective the skin's microbiome, these innovative preservatives aim to underwrite to overall skin health, positioning with the growing consumer demand for products that are not only effective but also caring of a healthy and balanced skin ecosystem.
Global Cosmetic Preservatives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Cosmetic Preservative Market presents a dynamic and developing landscape with a myriad of openings and challenges. It is marked by a significant shift near natural and organic preservatives driven by consumer demand for safer and sustainable decisions. The industry is also observing innovations in multi-functional and microbiome-friendly preservatives, positioning with the clean beauty movement. However, regulatory limits and the need for preservative-free formulations are pushing producers to find alternative preservation methods. The global expansion of the cosmetics industry, coupled with the stress on sustainable packaging and customization, offers an auspicious market outlook. Overall, the Cosmetic Preservative Market is characterized by a quest for safer, more effective, and ecologically accountable preservation solutions to meet the diverse needs of consumers while observing with strict regulations.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 407.93 Million |
| Market size value in 2031 | USD 689.19 Million |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cosmetic Preservatives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cosmetic Preservatives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cosmetic Preservatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cosmetic Preservatives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cosmetic Preservatives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cosmetic Preservatives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cosmetic Preservatives Market Report Snapshots
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