Cosmetic preservatives market size to grow by USD 170.66 million from 2021 to 2026; Growth driven by increasing demand for multifunctional cosmetic products – Technavio

NEW YORK, April 5, 2023 /PRNewswire/ — The global cosmetic preservatives market size is estimated to increase by USD 170.66 million from 2021 to 2026. The market’s growth momentum will be progressing at a CAGR of 6.1% during the forecast period. The market is driven by the increasing demand for multifunctional cosmetic products. The demand for multifunctional products such as color-correcting creams and beauty balms is increasing among consumers. Thus, vendors are launching cosmetics that offer multiple benefits such as reduction in acne, dark circles, wrinkles, uneven tone and texture, and concealing redness. Similarly, hair care products with sun protection ingredients are gaining popularity in the market. Multifunctional products carry out multiple tasks that save time and provide satisfactory results. This has convinced consumers to opt for such products. With the growing adoption of multifunctional cosmetic products, the demand for cosmetic preservatives will increase during the forecast period. Discover some insights on market size before buying the full report – Request a sample report

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Global Cosmetic Preservatives Market – Segmentation Assessment

Segment Overview
Technavio has segmented the market based on product (synthetic preservatives and natural preservatives), application (skin care and hair care), and geography (North America, Europe, APAC, MEA, and South America).

• The market growth in the synthetic preservatives segment will be significant during the forecast period. Synthetic preservatives provide various benefits. They are abundantly available and are sold at relatively low prices than natural preservatives. They also exhibit high compatibility with other ingredients in cosmetic and personal care products. Such advantages drive the growth of the segment.

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Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global cosmetic preservatives market.

• APAC will account for 45% of the market growth during the forecast period. The expanding aging population has created a significant demand for anti-aging products in the region. The older population in the region is exhibiting high demand for cosmetic skin care products, such as anti-aging products, to protect their skin and reverse signs of aging. In addition, the expanding female population aged between 30 and 50 years in the region is driving the growth of the cosmetic preservatives market in APAC.

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Global Cosmetic Preservatives Market – Market Dynamics

The global cosmetic preservatives market is fragmented due to the presence of numerous large, small, and medium-sized vendors. Established vendors have extensive sales and distribution networks globally, whereas most small vendors are concentrated in the regional markets. Vendors compete based on price, quality, technology, brand identity, and distribution. They also compete on the vast geographical presence and large-scale production facilities. Some of the key players covered in the report include:

• Akema Srl – The company offers cosmetic preservatives that include KEM NAT, KEM NAT B, KEM NAT LITE, KEM E, KEM BB, and KEM BS.

• Ashland Global Holdings Inc. – The company offers cosmetic preservatives that include achromaxyl isr biofunctional, acnacidol bg biofunctional, actopontine biofunctional, and actopontine yst biofunctional.

• BASF SE – The company offers cosmetic preservatives that include Elestab 388 which provides Propylene Glycol, Phenoxyethanol, Chlorphenesin, and Methylparaben.

• BRENNTAG SE – The company offers cosmetic preservatives that include Phenoxyethanol, Benzonic Acid, and Dehydroacetic Acid Broad spectrum preservative.

• AE Chemie, Inc.

• Chemipol SA

• Clariant International Ltd.

• Dadia Chemical Industries

• ISCA UK Ltd.

• Kumar Organic Products Ltd.

• Lonza Group Ltd.

• QUIMIDROGA, SA

• SACHEM, INC.

• Salicylates And Chemicals Pvt. Ltd.

• Schulke and Mayr GmbH

• Sharon Laboratories Ltd.

• Spectrum Laboratory Products Inc.

• Symrise AG

• The Dow Chemical Co.

• Thor Group Ltd.

Global Cosmetic Preservatives Market – Market Dynamics

Key Trends – 

The adoption of advanced technologies in manufacturing processes is identified as the major trend in the market. Vendors are adopting new manufacturing technologies to enhance the quality of their offerings. They are using technologies such as silicone-based vesicles and matrices in the manufacturing process to enhance the quality of the preservatives used and improve the efficiency of the manufacturing process. In addition, the growing demand for multifunctional and eco-friendly products has led vendors to come up with advances in cosmetic formulation technology to optimize the manufacturing process. Such developments among vendors are expected to result in steady growth in the market during the forecast period.

Major challenges – 

• The limitations of natural preservatives used in cosmetic products will challenge the growth of the market.

• Natural preservatives have several limitations despite providing various benefits to end-users.

• Natural preservatives become conducive to microbial growth over time, which increases the risk of contamination.

• Natural preservatives do not inhibit the growth of microorganisms. Hence, they require higher formulations to be more effective.

• Moreover, the low availability of certified organic ingredients and natural extracts has limited the growth of the market in the organic segment.

• Such challenges are reducing the growth potential of the market.

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What are the key data covered in this cosmetic preservatives market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the cosmetic preservatives market between 2022 and 2026

• Precise estimation of the size of the cosmetic preservatives market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the cosmetic preservatives market industry across North America, APAC, Europe, Middle East and Africa, and South America

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of cosmetic preservatives market vendors

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Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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