The increasing use of cosmetics and the adoption of advanced technologies in the manufacturing processes have driven the demand for the market.
The global Cosmetic Preservative Blendss Market is forecast to reach USD 543.6 Million by 2027, according to a new report by Reports and Data. The growing importance of the Preservativess in cosmetics to increase shelf life coupled with the upgrading product quality and rising beauty awareness among the population has resulted in an increase in product sales, thus fostering the demand for market growth.
The Cosmetic Preservative Blends market is witnessing a surge in demand because of the rising disposable income of people. In countries like the U.S., the annual per capita income was USD 33,706 in 2018, and it rose to USD 45,646 in 2019, which will allow people to spend more on quality products. People in the present world are becoming highly competitive; therefore, they have become very conscious about their personalities. Hence looking young and fit has become a primary issue of concern. Such issues of looking dynamic will propel the growth of this market.
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Top Leading Players: BASF SE, Ashland Inc., Lonza Group Ltd., Symrise AG, Akema Fine Chemicals, Clariant AG, Brenntag AG, Salicylates & Chemicals Pvt. Ltd., The DOW Chemical Company, and Chemipol, among others.
Further key findings from the report suggest:
The main factors driving the growth of natural products will be the rising need for natural health products and cosmetics for skincare and haircare, coupled with environmentally friendly products.
Increasing expenditure over the R&D department to manufacture cost-efficient products with the usage of available natural sources of raw material will further enhance growth. The strict regulations imposed by the government over the beauty product industry will enhance growth.
The consumers in the North American region are increasingly adopting a holistic approach to health and beauty. They are more driven towards beauty products, which have a touch of technological insights from healthcare as well as biotech companies, also known as a cosmeceutical. Along with this trend, the consumers in the region have become more ingredient-focused and are demanding products that use few chemicals and are free from sulfates, petrochemicals, and phthalate. This is anticipated to create lucrative growth opportunities for the industry.
Hair Care is expected to grow during the forecast period. The global market for hair care is forecasted to exceed USD 210 Million by 2024. Parabens, QAC, FRP, and phenol derivatives have functional preservation properties. An increase in beauty awareness among consumers, along with the development of safe ingredients, will foster the demand of the market.
In March 2020, Clariant launched a new product Velsan Flex which is a next-generation Preservatives booster for application in the cosmetic industry. The product employs 93% renewable carbon index technology, which is highly effective in combination with all Preservatives types.
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Market Segmentation:
Product Outlook (Revenue, USD Million; 2017-2027)
- Paraben Esters
- Formaldehyde donors
- Phenol derivatives
- Alcohols
- Quaternary compounds
- Organic Acids
- Others
Application Outlook (Revenue, USD Million; 2017-2027)
- Skin and Sun Care
- Hair Care
- Toiletries
- Fragrances and Perfumes
- Makeup and Color
- Others
Raw Material Outlook (Revenue, USD Million; 2017-2027)
- Natural
- Synthetic
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key questions covered in the global Cosmetic Preservative Blends Market report:
- What is the expected market size of the global Cosmetic Preservative Blends Market during the forecast period?
- What factors are expected to hamper global Cosmetic Preservative Blends Market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Cosmetic Preservative Blends Market?
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