Cosmetic Preservatives Market Growth Analysis | 2023-2028

Market Insights

The cosmetic preservatives market was estimated at USD 430.5 million in 2022 and is likely to grow at a CAGR of 6.61% during 2023-2028 to reach USD 632.28 million in 2028.

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Market Dynamics

Introduction

A cosmetic preservative is a substance or a chemical that is added to cosmetic products to prevent decomposition by microbial growth or by unwanted chemical changes.

Market Drivers

The major factors driving the growth of the cosmetic preservatives market are:

• An increase in the demand for upgrading cosmetic products’ quality.
• Growing awareness regarding beauty products.
• Rise in demand for premium cosmetics has led to the incorporation of sophisticated preservatives, which should contribute towards the overall market growth.

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Key Players

The following are the key players in the cosmetic preservatives market (arranged alphabetically).

• Akema Fine Chemicals
• Ashland
• BASF SE
• Chemipol S.A.
• Clariant AG
• Lonza Group
• Sharon Laboratories
• Symrise AG
• The Dow Chemical Company
• Thor Group Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

"The natural/organic preservatives segment accounted for the largest market share."

The cosmetic preservatives market is segmented into natural/organic preservatives and synthetic preservatives. Natural Preservatives are estimated to dominate the market. This segment is driven by rising concerns about chemicals in synthetic preservatives coupled with safety purposes and the shifting preference of consumers toward natural cosmetic products.

By Application Type

"The skincare segment accounted for the largest market share."

The market is segmented as hair care, skincare, toiletries, fragrance & perfumes, body care, and others. Skincare Application is expected to account for the largest share of the market and are growing at a CAGR of more than 8.5% during 2023-2028. The segment is driven due to its wide utilization and suitable results; further, rising awareness regarding safe and natural products is expected to fuel the overall industry growth during the forecast period.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the leading region in the global cosmetic preservatives market. The region is the largest market for skin care products and the growing cosmetic industry in the region. Also, North America and Europe are expected to offer substantial growth opportunities over the forecast period.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cosmetic preservatives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The cosmetic preservatives market is segmented into the following categories:

By Product Type

• Natural/Organic Preservatives
• Synthetic Preservatives

By Application Type

• Hair Care
• Skin Care
• Toiletries
• Fragrance & Perfumes
• Baby Products
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.