Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Cosmetic preservatives are derived from natural or synthetic ingredient. They are used as antioxidants, antimicrobials and stabilizers. To protect the product from contamination during use and to prevent product damage caused by microorganisms, the use of cosmetic preservatives is necessary. However, just like food, without preservatives cosmetic products can become contaminated, leading to product damage and possibly irritation or infection. The use of contaminated cosmetic on the skin can cause major problems, whereas, preservatives help prevent such problems. Cosmetics are very good medium for growth of microbes because they contain water, oils and carbohydrates. All these factors contribute to the fact that cosmetic products need good preservatives to prevent spoiling and microbial growth of the cosmetic products. However, every cosmetic formulation requires a particular preservative system to meet its specific needs.
The cosmetic preservatives market has witnessed remarkable growth in past few years due to the growth in personal care industry. This market is primarily driven by rapid increase in customer expenditure on cosmetic products and beautification. Furthermore, increasing investments in research & development and new product innovation of paraben free preservatives & organic preservatives are expected to drive the global market. Additionally, rising disposable income and growing consumer awareness towards personal hygiene & grooming are further set to propel the product demand. However, side-effects related to certain preservatives coupled with stringent regulatory norms are hindering the market growth.
The global cosmetic preservatives market is segmented by product, application and geography.
Based on products, the global cosmetic preservative market is segmented into natural/organic preservatives which is further segmented into organic acids, natural antioxidants, essential oils and plant/herbal extracts. Whereas, synthetic preservatives is sub segmented into parabens, formaldehyde releasers, phenol derivatives, quaternary ammonium compounds and alcohols. However, synthetic preservatives have been proved to be more effective in controlling the development of the bacteria. The phenol derivatives emerged as the leading product segment in 2018. Due to long-lasting effect of phenol derivatives, they are highly consumed in toiletries and skin care products which may inspire the product demand during the forecast period. Moreover, shifting focus towards men’s grooming products will significantly contribute to the growth of cosmetic preservatives in the coming years.
Based on application, the global cosmetic preservatives market is segmented into hair care, skin care, toiletries, fragrance & perfumes and baby products. The hair care application segment accounted for the largest share in 2018, due to increasing consciousness about hair damage. Moreover, the demand of cosmetics preservatives in toiletries segment is also anticipated to witness remarkable growth during the forecast period 2020 to 2025.
Based on geography, the global cosmetic preservatives market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominated the cosmetic preservatives market in 2018, due to the increasing awareness regarding beauty products. Furthermore, rising standard of living particularly in Asia Pacific has prompted the demand of cosmetic preservatives. This region is expected to grow at a fastest CAGR on account of the growing production and demand of cosmetic products in countries such as Japan, China and India.
Some of the major players operating in the global chemical peels market includes Ashland Inc., BASF SE, Lonza Group Ltd., Akema Fine Chemicals, Symrise AG, The DOW Chemical Company, Clariant AG, Salicylates & Chemicals Pvt. Ltd, Brenntag AG, and Chemipol. Market players are involved in new product launches and collaboration agreements to exploit maximum revenue potential in global market. For instance, in December 2016, Symrise AG launched a new effective and safer alternative to preserve the products with its SymOcide C. Symrise is offering the cosmetic preservative o-Cymen-5-ol (p-thymol) under the brand name SymOcide C, which is an effective alternative to traditional preservatives.
The global cosmetic preservatives market is segmented by product, application and geography. Based on products, the global cosmetic preservative market is segmented into natural/organic preservatives which is further segmented into organic acids, natural antioxidants, essential oils and plant/herbal extracts. Whereas, synthetic preservatives is sub segmented into parabens, formaldehyde releasers, phenol derivatives, quaternary ammonium compounds (QAC) and alcohols. The phenol derivatives emerged as the leading product segment in 2018. Due to long-lasting effect of phenol derivatives, they are highly consumed in toiletries and skin care products which may inspire the product demand during the forecast period. Based on application, the global cosmetic preservatives market is segmented into hair care, skin care, toiletries, fragrance & perfumes and baby products. The hair care application segment accounted for the largest share in 2018, due to increasing consciousness about hair damage. Based on geography, the global cosmetic preservatives market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominated the cosmetic preservatives market in 2018, due to the increasing awareness regarding beauty products. Furthermore, rising standard of living particularly in Asia Pacific has prompted the demand of cosmetic preservatives. This region is expected to grow at a fastest CAGR during the forecast period 2020 to 2025.
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