Exceeding the global valuation of around US$400 Bn in the year 2021, cosmetic preservatives market will most likely observe a healthy growth path through the course of next few years.
Use of Preservatives in Maintaining Shelf Stability of Cosmetic Products to Bolster Cosmetic Preservatives Market Growth
With continuously evolving health trends, preservatives as a term has been viewed from a negative angle by customers. However, preservatives are a normal part of daily life. Individuals have been finding different methods and ways to cautiously preserve perishable products since past several years. Similarly, the term has penetrated the cosmetics and personal care industry. Various cosmetic and personal care products such as skin care lotions, make up products and other creams include a certain percentage of preservative. With use of preservatives in cosmetic products, their overall shelf life is improved, and they stay hygienic, safe, and fresh for use by consumers.
Personal care and cosmetic products include different variety of specialty ingredients, off which most of them are prone to severe microbial contamination. This makes them highly perishable than becoming shelf stable. Without the inclusion of preservatives, various microorganisms such as bacteria, yeasts, and fungus could grow in cosmetic products, thus deterring the efficacy of their formulation. This makes them unusable and could result in side effects on consumers if used. According to the US FDA, if the cosmetic product has ingredients that promote the growth of microorganisms with absence of preservatives, the product is rendered unsuitable for application. That said, various types of preservatives such as antimicrobial and antioxidant preservatives are used to suppress microbial activity in products such as sunscreens, cleansers, lotions, and shampoos. In this backdrop, their demand in the cosmetic industry is expected to increase, thus boosting the growth of the cosmetic preservatives market.
Natural Preservatives to Gain High Traction in Cosmetic Preservatives Market
The rising inclination of customers towards consumption and use of organic or natural products has been influencing the adoption of natural preservatives in cosmetic products. Several advantages of natural cosmetics and the preservatives in them have attracted consumers. As compared to synthetic or traditional cosmetic preservatives, natural counterparts are highly useful for sensitive skin and do not result in skin irritation or skin rashes. They are less abrasive and have no side effects upon use. In addition, natural cosmetic preservatives do not contain harmful substances that prevent allergic reactions. This factor continues to propel the demand for natural preservatives in the personal care and beauty products space, in turn opening new avenues for the cosmetic preservatives market.
Improved Standard of Living to Contribute Toward Cosmetic Preservatives Market Growth
Since past several years, the use of cosmetic products has been on the rise as customers become self aware regarding their physical appearance and benefits of cosmetics. Moreover, the term cosmetics and beauty products is no longer biased towards young women population but also gaining traction among males and the aged. Cosmetic products such as sunscreen lotions and creams, cleansers and toners and other functional products have gained steam. Individuals are becoming increasingly aware regarding adverse effects of radiation from sun that can potentially cause skin related disorders. Moreover, functional cosmetics such as anti-aging creams and moisturisers are also being increasingly used. This is mainly owing to increasing aging population worldwide, which is triggering demand for anti-wrinkling agents and other anti-aging lotions.
Furthermore, with the increasing economic stability, urbanisation, and technological innovations in the cosmetics industry, people are more inclined towards using advanced cosmetic products with effective formulations. Backed by an improvement in the standard of living, individuals are becoming cautious about their way of living and are focused on improving their presence and aesthetics. This has accelerated the use of cosmetic and personal care products, in turn proving an impetus the use of cosmetic preservatives. In this backdrop, growing disposable income and improved standard of living is expected to indirectly augment growth of the cosmetic preservatives market in the forthcoming years.
Quaternary Compounds Key Revenue Contributors in Cosmetic Preservatives Market
There are different types of cosmetic preservatives, for instance, organic acids, phenol derivatives, and quaternary compounds among others. The demand for quaternary compounds is expected to increase at a significant pace in the coming years, thus influencing their sales. This is mainly owing to the ability of quats or quaternary compounds to prevent the growth of microbes in cosmetic products. These compounds include ingredients such as cetrimide, benzethonium chloride, benzalkonium chloride, and cetrimonium bromide. These components not only prevent microbial growth but also protect the product from reproduction of microorganisms under different weather conditions, or temperatures. This has fuelled their use in cosmetic preparations and are likely to significantly contribute towards value and volume growth of the cosmetic preservatives market.
North America to Remain at the Helm of Global Cosmetic Preservatives Market
Developed nations in North America are expected to showcase high growth potential apropos to use of preservatives in cosmetic formulations. This is mainly owing to increasing sales of cosmetic products backed by robust growth of the cosmetic and personal care industry in the region. Moreover, consumers are becoming aware regarding organic ingredients. This factor has accelerated the adoption of natural preservatives. In addition, the use of functional cosmetics has grown significantly in North America. These factors backed by a strong stable economic growth and GDP per capita increase is expected to aid the cosmetic preservatives market in the region.
Cosmetic Preservatives Market: Competition
A few of the major players in global cosmetic preservatives market are Ashland Group Holding Inc., Symrise AG, BASF SE, Sharon Laboratories, Evonik Industries, Arkema S.r.l, International Flavours & Fragrances Inc., Dadia Chemical Industries, and Brenntag AG.
The Global Cosmetic Preservatives Market Is Segmented As Below:
Key Elements Included In The Study: Global Cosmetic Preservatives Market
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