Europe to Lead Consumption Natural Personal Care Preservatives Industry Says Fact.MR

Efficacy in offering protection against microbial invasion to ensure safety while using premium formulations will catalyze the demand for personal care and cosmetic preservatives during the forecast period (2019-2029). Antimicrobial preservatives are gaining immense traction in this sector as they protect cosmetics from inadvertent contamination by consumers.

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Further, they resist infections caused by microbial growth which upholds their utilization in personal care and cosmetic products. Antioxidant preservatives, for instance help to suppress reactions that occur in the presence of oxygen, light, heat and contaminated metals. Growing demand for personal care products from the men’s segment and heightening consumption of anti-aging products are poised to drive the market at a steady CAGR of ~4% during the forecast period.

Personal Care and Cosmetic Preservatives Market: Segmentation

Source

Natural
Synthetic

Chemical Type

Benzoic Acid
Benzyl Alcohol
Ethyl Lauroyl Arginate
MIT/MICT
Parabens
Phenoxyethanol
Others

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Application

Rinse Off
Shampoos
Conditioners
Body Washes
Liquid Soaps
Others

Leave On

Creams and Lotions
Wipes
Color Cosmetics
Sunscreens
Hair Gels and Mousses
Leave-in Conditioners

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

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Key Takeaways of Personal Care and Cosmetic Preservatives Market:

Alternative blends that provide resistance against a broad spectrum of microbes without comprising the performance of products will assist the market’s growth.

Increasing preference for naturally sourced and non-animal based products will create remunerative opportunities in the market.

Tightened legislation by governments with regard to safety has raised the development costs of formulations, thus squeezing the profit margins of personal care and cosmetic preservative manufacturers.

Despite increased demand for bio based products, synthetic products are poised to witness high demand growth and accounted for more than three fourth of the market share in 2019
On the basis of chemical type, phenoxyethanol has maintained its supremacy in the personal care and cosmetic preservatives market and is poised to chart an upward trajectory in the market throughout the assessment period.

“Increasing demand from niche applications like wet wipes, baby wipes and male grooming products are set to augment the personal care and cosmetic preservatives market growth”, says the Fact.MR analyst.

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Tightening Legislations by Governments to Pave Way for Innovation

Personal care and cosmetic preservatives market is consolidated in nature in which, DuPont, Lonza Group Ltd, Clariant AG, Schülke & Mayr GmbH, Ashland, Akema Fine Chemicals and Lanxess AG accounted for over one third of the market share in 2018. With tightening legislations on chemicals used in cosmetic products, prominent companies have launched range of natural products to meet the global demand for personal care and cosmetic preservatives. For instance, Dow and Lanxess has expanded their product portfolio to align with the government norms and to maintain their sales during the forecast period.

More Valuable Insights on Personal Care and Cosmetic Preservatives Market:
Fact.MR, in its new offering, presents an unbiased analysis of the personal care and cosmetic preservatives market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on personal care and cosmetic preservatives on the basis of source (natural and synthetic), chemical type (benzoic acid, benzyl alcohol, ethyl lauroyl arginate, MIT/MICT, parabens, phenoxyethanol and others) and application (rinse off and leave on) across six major regions.

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