Cosmetic Preservatives Market Size Worth $693.53 Million By 2030 | CAGR: 6.77%

The global cosmetic preservatives market size is expected to reach USD 693.53 million by 2030, according to a new study by Polaris Market Research. The report “Cosmetic Preservatives Market Share, Size, Trends, Industry Analysis Report, By Product (Organic Acids, Phenol Derivatives, Quaternary Compounds, Paraben Esters, and Others); By Application; By Type; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The continuously rising consumer purchasing power coupled with the growing consumer living standards is the key factors anticipated to drive the growth of the global market. Moreover, the increasing prevalence of organic preservatives from several end-use industries is further expected to propel the demand and growth of the market over the coming years.

For instance, according to the Reserve Bank of India’s report, India’s gross national consumer disposable income was nearly USD 27,17,345 million in 2020-2021. Similarly, according to a report published by Bureau of Economic Analysis of the United States, in 2021, the overall disposable income in the United States was around USD 74,030,500 million, a significant increase from the last financial year.

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A rising concern associated with the high usage of synthetic chemicals pertaining to high product safety with the presence of carcinogenic nature has rapidly promoted the adoption of several types of natural and organic product alternatives, which is likely to favor industry growth over the coming years. Furthermore, the introduction of new and advanced products ranges from various key market players to cater to the rising need around the globe is likely to promote and create lucrative growth opportunities for the global market.

For instance, according to our findings, the overall market for natural cosmetics in India was around USD 0.84 billion, with a CAGR of 3.41%. Beauty products created with toxin-free and natural products are gaining much popularity with Indian customers and also have high naturality index.

Cosmetic Preservatives Market Report Highlights

• Phenol derivatives segment is anticipated to grow significantly over the forecast period, which is highly attributed to the rising use of phenoxyethanol in the global production process.
• Shampoo & Conditioner segment held the highest market share in 2021, owing to the high utilization of preservatives to increase the shelf life and quality of the products and the rising consumer preference.
• Natural preservatives segment is projected to hold a significant market share during the forecast period due to the rising concerns related to synthetic chemicals and on the environment and human body as well.
• North America is expected to grow at the fastest CAGR during the forecast period because of the early adoption of advanced technology and enhanced transportation facilities in the region over the coming years.
• The global market is highly fragmented, with the large presence of key players, including Evonik Industries, Clariant AG, Sharon Laboratories, BASF SE., and others.

Polaris Market Research has segmented the cosmetic preservatives market report based on product, application, type, and region:

Cosmetic Preservatives, Product Outlook (Revenue - USD Million, 2018 - 2030)

• Organic Acids
• Phenol Derivatives
• Quaternary Compounds
• Paraben Esters

Cosmetic Preservatives, Application Outlook (Revenue - USD Million, 2018 - 2030)

• Lotions
• Facemasks
• Sunscreens
• Shampoo & Conditioner
• Toothpaste
• Others

Cosmetic Preservatives, Type Outlook (Revenue - USD Million, 2018 - 2030)

• Natural
• Synthetic

Cosmetic Preservatives, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa