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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What is a cosmetic preservative?

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.

Key Players

Some of the key players in the global market are-

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

Market Drivers

The prime factor that is contributing to the growth of the global 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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Segment Analysis

By Product Type

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 due to 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 market is segmented as hair care, skincare, toiletries, fragrance & perfumes, body care, and others. Skin Care Application is expected to account for the largest share of the market and is 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 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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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

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 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Report Customization Options

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.

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