- Press Release -

As per industry analysis on personal care and cosmetic preservatives by Fact.MR, a market research and competitive intelligence provider, the global market is anticipated to be valued at US$ 352 Mn in 2021, and expand at a healthy CAGR of 5.8% over the forecast period of 2021-2031.

Efficacy in offering protection against microbial invasion to ensure safety while using premium formulations will catalyse demand for personal care and cosmetic preservatives. Antimicrobial preservatives are gaining immense traction in this sector as they protect cosmetics from inadvertent contamination for end consumers. Further, they resist infections caused by microbial growth, which upholds their utilization in personal care and cosmetic products.

Antioxidant preservatives, for instance, help suppress reactions that occur in the presence of oxygen, light, heat, and contaminated metals. Growing demand for personal care products, especially from the men’s segment, and heightening consumption of anti-aging products are poised to drive sales of personal care and cosmetic preservatives.

Key Takeaways from Market Study

• Global personal care and cosmetic preservatives market expected to grow 1.3X in market value, creating an absolute $ opportunity of around US$ 158 Mn by 2031.
• In terms of value, natural source preservatives expected to register CAGR of 4.7% over forecast period.
• Among the chemical types, benzoic acid and benzyl alcohol expected to grow 1.9X and 1.7X, respectively, and create absolute $ opportunity of around US$ 42 Mn and US$ 31 Mn, respectively
• Parabens chemical type anticipated to grow at a significant pace over forecast period and gain 98 BPS by 2031.
• East Asia market witnessing highest consumption and expected to expand at 6.7% CAGR through 2031.

“Increasing demand from niche applications such as wet wipes, baby wipes, and male grooming products are set to augment personal care and cosmetic preservative demand,” says a Fact.MR analyst.

Winning Strategy

The personal care and cosmetic preservatives market is moderately consolidated in nature, in which, DuPont, Lonza Group Ltd, Clariant AG, Schülke & Mayr GmbH, Ashland, Akema Fine Chemicals, and Lanxess AG accounted for over one-third market share in 2020.

With tightening legislations on chemicals used in cosmetic products, prominent companies have launched a range of natural products to meet global demand for personal care and cosmetic preservatives.

• For instance, Dow and Lanxess modified their product portfolio to align with government norms and maintain their sales in the market.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global personal care and cosmetic preservatives market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of source (natural, synthetic), chemical type (benzoic acid, benzyl alcohol, ethyl lauroyl arginate, MIT/MICT, parabens, phenoxyethanol, others), application (rinse off (shampoos, conditioners, body washes, liquid soaps, others), leave on (creams and lotions, wipes, color cosmetics, sunscreens, hair gels and mousses), leave-in conditioners, others), and key regions, namely North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa.

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: yash@factmr.com