Cosmetic Preservatives Market Size By Product (Natural/ Organic Preservatives [Plants & Herbal Extracts, Essential Oil, Natural Antioxidants, Organic Acid], Synthetic/ Chemical Preservatives [Parabens, Formaldehyde Releasers, Alcohols, Phenol Derivatives, Quaternary Ammonium Compounds]), By Application (Hair Care, Skin Care, Toiletries, Fragrances and Perfumes, Baby Products), Industry Analysis, Regional Outlook, Competitive Market Share and Forecast, 2021 - 2027
The global cosmetics preservative market is expected to observe significant growth by 2027 driven by the increasing demand for cosmetics in both established and emerging markets as well as rising consumer need for long-lasting cosmetic products. Cosmetics tend to get spoilt or grow microorganisms like fungi, bacteria, and yeasts over time. For this purpose, manufacturers rely on preservatives to create an environment that inhibits microorganism growth while preserving an optimal pH level needed for good skin health. For all-inclusive industry analysis, the global cosmetics preservative market has been segmented based on product, application, and region. In terms of product, the global cosmetics preservative market has further been categorized into natural/organic and synthetic/chemical preservative. The essential oil natural/organic product section is estimated to grow at a CAGR of over 7.5% through the forecast period. Essential oils are considered vital assets in the cosmetics sector as they not only offer pleasant aromas in products, but also acts as effective preservatives and active agents. Additionally, essential oils offer various benefits for the skin, which is expected to fuel segmental growth in the future. The recent surge in demand for naturally-sourced ingredients in cosmetics has renewed the interest of cosmetics manufacturers towards using plant derivatives as preservatives, particularly essential oils. High-valued essential oils that are gaining popularity in cosmetic products as fragrances include tea tree, citrus, eucalyptus, lavender, and other floral oils. Other essential oils like limonene, linalool, citronellol, geraniol, and citral have found applications as fragrance components in different cosmetics. The organic acid natural/organic product segment is projected to observe stable growth at a CAGR of above 10% over the assessment timeframe. The formaldehyde releasers synthetic/chemical preservative segment is expected to expand at a CAGR of over 7.5% over the projected period. The alcohol synthetic/chemical preservative segment, on the other hand, is estimated to register a growth of over 9.4% CAGR through the coming years. Moreover, the others synthetic/chemical preservative segment is anticipated to grow at a steady CAGR of over 5.5% over the forecast period. From the application perspective, the global cosmetics preservative market has further been divided into hair care, toiletries, skin care, fragrances and perfumes, baby products, and others. The skin care application sub-segment is estimated to observe considerable growth at a CAGR of 8.5% through the analysis period. The cosmetics preservatives market size in the toiletries application sub-segment is speculated to grow significantly at a CAGR of more than 8% over the study timeframe. The others application sub-segment is also projected to witness sizable growth at over 5.5% CAGR through the forecast period. In the regional landscape, the LATAM cosmetics preservative market hold a substantial share in the global industry and is expected to observe steady growth at above 6.5% CAGR through the coming years. The MEA cosmetics preservative market is also estimated to deliver a CAGR surpassing 6%, expanding prominently through the assessment timeframe.
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