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cosmetic preservatives market

Cosmetic Preservatives Market Share, Size, Trends, Industry Analysis Report, By Product (Organic Acids, Phenol Derivatives, Quaternary Compounds, Paraben Esters, and Others); By Application; By Type; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Nov 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2775
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global cosmetic preservatives market was valued at USD 392 million in 2021 and is expected to grow at a CAGR of 6.77% during the forecast period.

The changing consumer lifestyle, rising consciousness towards personal hygiene, and wide acceptance of these products across the globe are driving the market growth. In addition, the rising number of concerns associated with synthetic chemicals by their excess use due to their carcinogenic nature has resulted in high adoption of natural & organic product alternatives, which is further anticipated to fuel the demand and growth for the global market at a significant growth rate over the coming years.

Cosmetic Preservatives Market Size
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Moreover, the continuously rising demand for various skin care products, including body lotions, sunscreens, and natural body moisturizers, due to the increasing consumer demand and preference to achieve youthful and glowing skin is fueling the global demand for these products in the coming years.

Additionally, an extensive rise in research & development activities coupled with the increasing numbers of product launches to cater to the rising consumer need for advanced and innovative products. For instance, in March 2022, Sharon Labs agreed to acquire RES Pharma Industrial, a prominent chemical manufacturer in Italy. With the help of this acquisition, Sharon Labs will expand its service capabilities and commercial development and enhance production in the company’s personal care division.

The outbreak of the COVID-19 pandemic has completely disrupted the supply chain of cosmetic preservatives in the global cosmetic industry. Over 100 countries around the globe shut their country boundaries for all types of internal and external trade. Major countries such as the US, Italy, Japan, Germany, and France, the leading producers and suppliers of cosmetic preservatives, were almost at a standstill.

Due to the high restrictions on transportation and trade, large companies have been affected significantly since they were unable to deliver products to their clients and dropped down the global demand and purchasing of cosmetics products.

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Industry Dynamics

Growth Drivers
A rise in consumer purchasing power coupled with a high standard of living of consumers worldwide and a rising preference for high-quality premium cosmetic products are the key factors anticipated to drive the growth of the global market over the forecast period. In addition, the high rate of industrialization and technological advancements, especially in developing nations such as India, China, and Brazil, have paved the way for accessing global brands with ease and at fingertips, fueling the growth of the market over the coming years. According to our findings, the personal disposable income in the United States has increased from USD 18600.71 billion in July 2022 to USD 18668.33 billion in August 2022.

Furthermore, changing consumer lifestyles, growing awareness regarding individual cleanliness, and increased research & development activities on the manufacturing process of preservatives are also estimated to propel the growth of the global market during the forecast period. High usage of Isothiazolinone in shampoos & conditioners and other rinse-off products is likely to contribute significantly to the demand for consumer preservatives.

Report Segmentation

The market is primarily segmented based on product, application, type, and region.

By Product

By Application

By Type

By Region

  • Organic Acids
  • Phenol Derivatives
  • Quaternary Compounds
  • Paraben Esters
  • Lotions
  • Facemasks
  • Sunscreens
  • Shampoo & Conditioner
  • Toothpaste
  • Others
  • Natural Preservatives
  • Synthetic Preservatives
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Phenol derivatives segment is expected to witness fastest growth

The phenol derivatives segment is witnessing fastest growth rate over the forecast period. The growth of the segment is highly attributed to the rising use of phenol derivatives and mainly phenoxyethanol, in the production process of several types of cosmetics, including skin lightening creams, lotions, various hair coloring solutions, and sunscreens. All these factors are likely to create a paved way for the growth of the segment at a strong growth rate over the coming years.

Furthermore, growing technological advancements and increased product innovations coupled with high adoption in emerging economies such as China, India, Brazil, and Indonesia were also propelling the growth of the segment market and are expected to do so in the near future.

Shampoo & Conditioner accounted for the largest market share in 2021

The shampoo & conditioner segment held the largest market share in 2021 in value and volume. Global manufacturers of these products are highly utilizing preservatives to increase the shelf life and quality of their products, which is likely to be the major driving factor for the growth of the segment in the coming years. In addition, change in consumer preferences towards natural skin care products like natural antioxidants, plant extracts, organic acids, and essential oils, which requires a higher number of cosmetic preservatives in the manufacturing process, are likely to propel the growth and demand of the segment market over the coming years.

In addition, rising consumer disposable income and their spending capacity on their personal care and hygienic life are further propelling the growth and demand for lotions, facemasks, and toothpaste in the near future.

Natural preservatives segment is expected to hold the significant revenue share

The continuously growing need and demand for natural ingredients owing to rising concerns related to synthetic chemicals on the human body and environment are anticipated to boost the growth of the market segment during the forecast period. The rising popularity of several types of natural preservatives, including cinnamon, clove, tea tree, rosemary, lavender, and other types of spices and ointments, is supposed to have a significant rise in the global market growth.

Additionally, expanding global consumer focus on the utilization of clean and natural organic label products is also fueling the popularity of natural preservatives and is expected to drive the segment growth.

The Europe region held the largest market share in 2021

Many global manufacturers and increasing developing activities are driving the region’s growth. The major players operating in the region are BASF SE, Symrise AG, Evonik Industries, and Thor Group Ltd. coupled with the high consumer awareness regarding several benefits of cosmetic preservatives and the importance of maintaining a healthier and hygienic life, are a few other factors driving the growth of the market at a significant pace during the forecast period.

Furthermore, North America is witnessing the fastest CAGR during the forecast period owing to the early adoption of advanced technology, high consumer disposable income, and availability of enhanced and fast transportation facilities. In addition, the rising prevalence of various types of hygienic products and growing incorporation in sunscreen lotions, anti-aging creams, shampoos & conditioners, and facemasks is creating lucrative growth opportunities for a global market. It is anticipated to be the key factor fostering market growth.

Competitive Insight

Some of the major key market players in the global market are Ashland Group Holding, BASF, Arkema, Symrise, Evonik Industries, Clariant, International Flavors & Fragrances, Sharon Laboratories, Dow Chemical, Dadia Chemical Industries, Salicylates & Chemicals, Brenntag, Finetech Industry, Thor Group, and Procter & Gamble.

Recent Developments

In January 2022, Symrise AG acquired Schaffelaarbos, a leading market player in the European egg protein market. It’s a major step for Symrise AG to move forward in its global rapid expansion in the pet nutrition industry. The new acquisition will help the company to increase its capabilities in the United States with the state-of-the-art facilities of Schaffelaarbos in Barneveld, NL.

Cosmetic Preservatives Market Report Scope

Report Attributes

Details

Market size value in 2022

USD 410.80 million

Revenue forecast in 2030

USD 693.53 million

CAGR

6.77% from 2022 – 2030

Base year

2021

Historical data

2018 – 2020

Forecast period

2022 – 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments Covered

By Form, By Product, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Ashland Group Holding Inc., BASF SE, Arkema S.R.I., Symrise AG, Evonik Industries, Clariant AG, Salicylates & Chemicals Pvt Ltd., International Flavors & Fragrances Inc., Sharon Laboratories, The Dow Chemical Company, Dadia Chemical Industries, Brenntag AG, Finetech Industry Limited, Thor Group Ltd., and The Procter & Gamble Company.

Key Take-Away
Polaris Market Research
Global Cosmetic Preservatives Market Size Report, 2022 - 2030