Cosmetic Preservatives Market to grow at over 7% CAGR between 2020 and 2026 | Ashland, BASF, Clariant, DOW, Lonza, Akema Fine Chemicals, Chemipol, Sharon Laboratories, Symrise

Global cosmetic preservatives market size is anticipated to expand at an appreciable growth rate owing to the rising demand for natural beauty and skincare products.

Cosmetic preservatives consist of various key ingredients that help extend the shelf life and prevent the growth of microorganisms such as fungi and bacteria, which could potentially harm the users and spoil the products. Likewise, the preservatives in cosmetics are used to avoid product contamination during various applications including shipment, consumer use, formulation, and storage.

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Companies covered:
Ashland, BASF, Clariant, DOW, Lonza, Akema Fine Chemicals, Chemipol, Sharon Laboratories, Symrise, Salicylates and Chemicals, Thor Group, Dadia Chemical, Gujarat Organics, Evonik and Isca UK Ltd.

Various substances present in these cosmetic products, including water, oil, peptides, and carbohydrates, also increase the susceptibility of the product to the onset and growth of microbes.

Rapid adoption of enhanced cosmetic products is being witnessed in the personal care industry. In fact, studies suggest that women spend over $3,000 annually on cosmetics, in the US alone. These figures, in addition to mounting implementation of preservatives to prevent different types of skin infection caused by damaged products is expected to propel the cosmetic preservatives market outlook over the estimated timeline.

In terms of segmentation by product, the global cosmetic preservatives industry is categorized into natural/organic preservatives & synthetic preservatives. The synthetic preservatives segment is further sub-divided into parabens, formaldehyde releases, phenol derivatives, quaternary ammonium compounds (QAC), alcohols, and others.

Of these, the parabens segment is poised to record a CAGR of around 6.4% through 2026. Additionally, the phenol derivatives segment held over 18.3% of the overall cosmetic preservatives market share and is slated to proliferate at a rapid pace over the forecast spell.

On the other hand, the quaternary ammonium compounds segment is projected to exhibit a CAGR of nearly 5.4% through 2026. Accelerating usage of QAC as preservatives in products such as hair colors, dyes, and conditioners is a major factor in the development of this segment.

The global cosmetic preservatives market from the alcohols segment accounted for a market share of around 4.4% and is likely to witness a considerable surge over the projected years. Furthermore, the others segment is anticipated to register a 4.9% CAGR through 2026.

The natural/organic preservatives segment is further sub-categorized into organic acids, essential oils, natural antioxidants, and plant/herbal extracts. Of these, the global cosmetic preservatives industry from the organic acids segment is set to exhibit a CAGR of over 7.4% through 2026. This can be attributed to the increasing awareness of the harmful effects or adverse impacts of consuming synthetic products.

Nearly 27.7% of the cosmetic preservatives industry share was held by the natural antioxidants segment, which is expected to amass substantial gains in the coming years.

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The essential oils product segment is poised to record a CAGR of around 7.2% through 2026. Meanwhile, the plant/herbal extracts segment accounted for a market share of over 23.6% and is likely to add impetus to the overall cosmetic preservatives market expansion in years ahead.

With regards to the application spectrum, the global cosmetic preservatives industry is bifurcated into hair care, skincare, fragrance & perfumes, baby products, toiletries, and others. Of these, the toiletries segment is projected to register a CAGR of nearly 6.6% through 2026.

Furthermore, the fragrance & perfume application segment held over 8.8% market share. This can be attributed to the escalating preference of phenol derivatives and QAC by perfume manufacturers. The others segment accounted for 5.4% of the global cosmetic preservatives market share, and is expected to make significant contributions to the cosmetic preservatives industry dynamics over the forecast spell.

On the regional front, the Latin American cosmetic preservatives market held a considerable share of around 5.8% in the global market and is anticipated to exhibit a remunerative growth rate over the estimated timeframe.

This growth is characterized by rapid innovation and expansion of the regional beauty and personal care market, as well as the presence of prominent beauty brands such as the Brazil-based Botica Comercial Farmacêutica, Natura & Co, etc.

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