Market Research Report
Cosmetic Preservatives Market Size By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2022 - 2028
|Cosmetic Preservatives Market Size By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2022 - 2028|
Published: March 29, 2022
Global Market Insights Inc.
Content info: 280 Pages
Delivery time: 2-3 business days
The cosmetic preservatives market is speculated to exhibit exponential growth by 2028 on account of rising popularity of functional cosmetics such as sunscreens, anti-aging, and brightening products. In addition, increasing awareness among consumers regarding personal grooming and hygiene is likely to foster industry expansion over the forecast period.
Growing consumer preference for organic cosmetics and sustainable beauty has accelerated the demand for natural cosmetic preservatives around the world. Moreover, prevalent adoption of regular skincare and beauty regimes by consumers worldwide has augmented market growth over the past few years.
The cosmetic preservatives market has been segmented on the basis of application, product, and region. With respect to product, the market has been further classified into synthetic/chemical preservative and natural/organic preservative.
Under natural/organic preservative, the market has been differentiated into organic acid, plant & herbal extracts, natural antioxidants, and essential oil. The essential oil segment is projected to grow at a CAGR of approximately 7.5% over the analysis timeline. The organic acid segment is slated to expand at more than 11% CAGR through the review timeframe.
Under synthetic/chemical preservative, the cosmetic preservatives market has been bifurcated into quaternary ammonium compounds, parabens, phenol derivatives, formaldehyde releasers, alcohols, and others. The parabens segment is set to progress at a CAGR of above 7.9% between 2022 and 2028. The formaldehyde releasers segment is estimated to witness sturdy growth by 2028, registering a CAGR of about 8% through the assessment period.
The phenol derivatives segment is anticipated to register around 10% CAGR over the study period to reach a significant valuation by 2028. The quaternary ammonium compounds segment is expected to develop at almost 7% CAGR over the stipulated timeframe. The others synthetic/chemical preservative segment is foreseen to expand at approximately 6% CAGR over 2022-2028. Other synthetic preservatives include triclosan and synthetic antioxidants such as butylated hydroxyanisole and butylated hydroxytoluene.
From the application point of view, the cosmetic preservatives market has been segregated into baby products, haircare, fragrances & perfume, skincare, toiletries, and others. The toiletries segment is likely to progress at a CAGR of more than 8% over the assessment timeframe. The others segment is slated to gain considerable growth momentum by 2028, developing at a CAGR of about 5.9% through the study timespan. Other applications of the product include color cosmetics and makeup.
On the regional spectrum, the Latin America cosmetic preservatives industry is poised to develop at a CAGR of more than 7.1% over the review period. Meanwhile, the Middle East & Africa cosmetic preservatives market is set to expand at a CAGR of nearly 6.4% through 2028.