Cosmetic Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2027

Cosmetic Preservatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2027

Based on Global Market Insights Inc., report, the global Cosmetic Preservatives Market was estimated at $930 million in 2020 and is slated to exceed $1565 million by 2027, registering a CAGR of 7.85% from 2021 to 2027. The report provides a thorough analysis of the main investment avenues, major winning strategies, drivers and opportunities, wavering industry trends, market estimations as well as size, competitive scenarios.

Cosmetic Preservatives are compounds used in cosmetics to prevent growth of mold and bacteria. Preservatives are ingredients that have ability to decrease microbial growth in cosmetic products and enhances the shelf life. It protects products from contamination of micro-organisms during storage and when used by the customer. These preservatives help the cosmetic formulations to remain safe and prevents chemical alteration in time owing to its application in skin care, hair care and toiletries

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Synthetic/chemical preservatives should surpass USD 975 million by 2027. Synthetic preservatives include Parabens, formaldehyde releasers, alcohol, phenol derivative, quaternary ammonia compounds. Parabens are commonly used in cosmetics formulations including methyl, propyl, butyl and ethyl paraben. Formulators are preferring synthetic preservatives owing to their high compatibility and low cost as compared to natural preservative shall foster the cosmetic preservatives market growth.

Fragrances and perfumes application is likely to surpass USD 131 million by 2027 owing to increasing consumer accessibility to premium cosmetics products supported by growing popularity in young generation. Moreover, toiletries applications surpassed USD 130 million in 2020 pertaining to growth in efficient distribution channels supported by availability of high-quality branded products.

Baby products should register gains over 7% by 2027 on account of increasing usage of natural antioxidants and essential oil in baby products. Essential oil and natural antioxidant are widely used in baby products to balance both therapeutic properties along with preservative effect. On the other hand, parabens product should grow over 7.5% CAGR owing to its antimicrobial activity against mold and yeast.

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Government initiatives to promote baby hygiene along with presence of international brand in this sector to ensure baby hygiene and safety should the cosmetic preservatives market growth. Furthermore, growing working women population has increased demand for baby products along with availability of varied products in this sector will boost demand for baby products.

The cosmetic preservatives industry share is competitive and includes manufacturers such as Ashland, Lonza, Arkema fine chemicals, DuPont de Nemours, BASF, Chemipol, Sharon Laboratories, Symrise AG, Salicylate and chemical Pvt Ltd., Thor Group Ltd and Dadia Chemical Industries.

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