Cosmetic Preservatives Market Overview
The Global Cosmetic Preservatives Market size was worth US$ XX billion in 2022 and is predicted to show significant growth by reaching up to US$ XX billion by 2029, growing at a CAGR of XX% between the forecast period (2022-2029).
The cosmetic preservatives market is expected to grow due to increasing demand for natural and organic products derived from natural sources like plant extracts, essential oils, and organic acids.
An increasing focus on sustainability is also reflected in the market, which is driving demand for packaging options that minimize environmental impact and eco-friendly preservatives. To create preservatives that are both effective and leave as little of an environmental impact as possible, businesses are investing in research.
In September 2023, Clariant has launched Phenoxetol SG a 100% bio-ethanol preservative for antibacterial usage. ACreams, lotions, wet wipes, liquid soap, hair conditioners, and shampoos are a few examples of applications.
The company claims that more environmentally friendly beauty products are in high demand. Preservatives are impacted by this market trend as well because they are a fundamental component of cosmetic compositions.
Cosmetic Preservatives Market Scope and Summary
Metrics | Details |
Market CAGR | High |
Segments Covered | By Product, By Application and By Region |
Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region | Asia Pacific |
Largest Market Share | North America |
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Source: DataM Intelligence Analysis (2021)
Cosmetic Preservatives Market Dynamics and Trends
- The need for cosmetic preservatives has grown as a result of consumer trends towards self-care and a focus on personal grooming regimens.
- In June 2023, the University of Cincinnati in collaboration with the PCPC made a graduate certification programme in cosmetic manufacturing to train professionals in the field of preventing contamination of cosmetic products developed using natural preservatives.
- Since consumers are placing a priority on wellness and self-care, there is a concurrent need for high-end cosmetics with lengthy shelf lives, high efficacy, and safety. The need for solutions that support general skin health and well-being in addition to attractiveness enhancement is driving this trend.
- Modern cosmetic formulations and active chemicals have made multifunctional benefits including anti-aging, hydration, UV protection, and skin nourishment more appealing to customers. Effective preservatives are necessary because these complex formulations are vulnerable to microbial contamination and degradation in the absence of proper preservation.
- In November 2022, Inolex, introduced two sustainable and natural preservation ingredients, Lexgard GH70 Natural and Spectrastat GHL Natural to protect products from microbial contamination. Lexgard GH70 Natural (Glyceryl Heptanoate) is the market's first non-palm, all-natural, ultra-mild preservation ingredient. Spectrastat GHL Natural is a completely natural, ultra-mild preservation system that contains propanediol, glyceryl heptanoate, and caprylhydroxamic acid.
COVID-19 Impact Analysis on Cosmetic Preservatives Market
The global cosmetic preservative has shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the business of cosmetic preservative market due to disruption in the product's supply chain management. This may lead to declining profits of the manufacturers, which may impact the cosmetic preservatives demand manufacturing the end product
Cosmetic Preservatives Market Segmentation Analysis
The global cosmetic preservative market is segmented based on product, application and region.
Growing awareness of the harm caused by ultra-violet rays on the skin and the impact and damage that the sun has on unprotected skin is expected to accelerate the skin and sun care segment's growth in the forecast period.
In terms of application, the global cosmetic preservative market is bifurcated into the skin and sun care, fragrances and perfumes, hair care, toiletries, makeup and color. Skin & sunscreen is dominating the cosmetic preservative market. Due to growing awareness of the harm caused by ultra-violet rays on the skin, it is anticipated to boost this application segment. The use of sunscreen increases due to global awareness regarding the impact and damage that the sun has on unprotected skin. The segment offers advantages such as sunscreen products' primary purpose to prevent or minimize deleterious effects of solar and UV radiation on the skin. Among these effects are actinic aging and skin cancer. Secondary benefits include moisturization and reduction of UV-induced melanization on sun-exposed skin. Today, the sun care formulator must meet high SPF and demanding UVA protection standards while also making products sufficiently elegant to encourage consumer compliance and sufficiently cost-effective to be affordable in difficult economic times.
For instance, in August 2019, Beiersdorf announced the acquisition of an iconic sun care brand -Coppertone. Sun protection has been a major pillar of Beiersdorf’s skincare business for more than 80 years. As a result of the acquisition, the company will bring together three of the world's top sun care brands under one roof: NIVEA Sun, Eucerin, and Coppertone.
Source: DataM Intelligence Analysis (2021)
Global Cosmetic Preservatives Market Geographical Analysis
Growing demand for cosmetics and increasing knowledge of personal hygiene & cleanliness are expected to fuel the Asia-Pacific market growth. In the coming years, China and India, followed by other Southeast Asian nations, are projected to experience vigorous development.
Asia-Pacific region is dominating the global cosmetic preservatives market in recent times. In this area, growing demand for cosmetics and increasing knowledge of personal hygiene & cleanliness is expected to fuel market growth. In coming years, China and India, followed by other South East Asian nations, are projected to experience vigorous development. Rising incorporation in sunscreen lotions, anti-aging crèmes, conditioners, and shampoos is creating immense opportunities for cosmetic preservatives to build a huge market share. Growing awareness among the population regarding synthetic chemicals pertaining to their safety and carcinogenic nature has promoted natural and organic alternatives, which may favor the growth of the cosmetic preservatives market in the forecast period.
North America is expected to show the fastest market growth in terms of revenue over the forecast period, owing to rising demand for cosmetics among individuals due to increasing awareness about beauty products in various countries in this region. The market in Europe is projected to expand significantly over the forecast period, owing to increasing health consciousness among individuals, rising awareness of cosmetics preservatives, and increasing demand for hair gels, facial creams, anti-aging creams and others.
Source: DataM Intelligence Analysis (2021)
Cosmetic Preservatives Market Companies and Competitive Landscape
The cosmetic preservatives market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market's growth include The Dow Chemical Company, Penta Manufacturing Company, LLC, Akema Fine Chemicals, Finetech Industry Limited, Ashland Inc, BASF SE, Spectrum Chemical Manufacturing Corporation, Jinan Haohua Industry Co., Ltd, AE Chemie, INC, StruChem Co., Ltd., Evonik and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global cosmetic preservatives market. Key players are favoring product launch as the growth strategy to build revenue for their business.
- For instance, in May 2020, BASF released five active ingredients for cosmetic and body care products approved as organic by COSMOS-standard. This includes the active ingredients Dulcemin derived from sweet almond seed flour, Lipofructyl derived from argan oil, and the skincare ingredient Elestan derived from the Manilkara tree leaves in West Africa.
Evonik Industries
Overview: Evonik Industries AG is a stock-listed German specialty Chemicals Company based in Germany. It is the second-largest chemicals company in Germany and one of the world's largest specialty chemicals companies. Evonik is active in over 100 countries worldwide with more than 36,000 employees with production facilities in 28 countries on five continents and is therefore close to markets and customers.
Product Portfolio: The company has a product portfolio of cosmetic preservatives includes:
- AMIL EM180: A flexible W/O emulsifier of high molecular weight with excellent stabilization capabilities. Very low concentration of use down to 0.5 percent potential. It is especially recommended for difficult formulation systems such as fast-breaking emulsions or heavy loads of UV filters.
Key Development:
- In March 2017, Evonik announced the news of acquiring a German-based company named Dr. Straetmans GmbH, which specializes in alternative preservation systems for cosmetic products. The company is focused on marketing and developing preservative alternatives for the cosmetic industry. Through this initiation, Evonik aimed to induce Dr. Straetmans GmbH products into their product portfolio, helping the company attain a stronger market position.
Why Purchase the Report?
- Visualize the cosmetic preservatives market segmentation by product, application and highlight key commercial assets and players.
- Identify commercial opportunities in the cosmetic preservatives market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of cosmetic preservatives market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global cosmetic preservatives market report would provide access to an approx: 53 market data table, 45 figures and 201 pages.
Target Audience 2026
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
- Distributors
- Supply chain companies
Frequently Asked Questions
What is the Cosmetic Preservatives Market growth?
The market is growing at a high CAGR.
What is Cosmetic Preservatives Market size in 2021
The Cosmetic Preservatives Market size was valued at USD YY million in 2021.
Who are the key players in Cosmetic Preservatives Market?
Major players are The Dow Chemical Company, Penta Manufacturing Company, LLC, Akema Fine Chemicals, Finetech Industry Limited, Ashland Inc, BASF SE, Spectrum Chemical Manufacturing Corporation, Jinan Haohua Industry Co., Ltd, AE Chemie, INC, StruChem Co., Ltd.
