Increasing demand for natural and organic cosmetics is driving the growth of the cosmetic grade preservative market. According to the data provided by Future Market Insights, the market is standing at US$ 623.4 million in 2024 and is expected to mark a jump to US$ 1166.4 million by 2034, recording a CAGR of 6.20% through 2034.
Consumers are becoming more aware of the potential health risks associated with synthetic preservatives and are, therefore, seeking out natural alternatives. This trend has led to a surge in demand for natural preservatives, spurring growth in the cosmetic-grade preservative market. Another market driver is the growing demand for multifunctional preservatives that can provide both preservation and other benefits, such as moisturizing or anti-aging effects. These multifunctional preservatives are becoming increasingly popular among consumers as they offer a convenient and cost-effective solution to their skincare needs.
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The cosmetic grade preservative market is not without its challenges. One of the main challenges facing the cosmetic-grade preservative market is the increasing want for preservative-free or clean cosmetic products. This trend has led to a decline in the use of synthetic preservatives and has put pressure on manufacturers to find alternative preservation methods that are acceptable to consumers. This challenge is particularly acute for manufacturers of natural and organic cosmetics, who must balance the need for preservation with the desire to use natural ingredients.
The cosmetic grade preservative market is expected to continue to grow in the coming years. This growth is being driven by a combination of factors, including the expanding cosmetics industry, rising disposable incomes, and increasing consumer awareness of the importance of skincare and hygiene. As the market continues to evolve, manufacturers need to stay abreast of changing consumer preferences and develop innovative solutions that meet the needs of this dynamic and growing market.
“Development of new natural and multifunctional preservatives that meet consumer demand for clean and effective skincare products could open up new growth prospects”, opines an analyst at FMI.
Key Takeaways from the Market Study
- Moisturizers and sunscreens acquired a big share of the market with 56.70% for 2024.
- The cosmetic-grade preservative market in the United States is estimated to rise at a whopping 13.40% CAGR through 2034.
- The cosmetic-grade preservative market in China is anticipated to develop at a CAGR of 12.30% through 2034.
- The cosmetic-grade preservative market in Germany has the potential to increase at a 10.00% CAGR through 2034.
- The cosmetic-grade preservative market in Japan is projected to inflate at a CAGR of 5.30% through 2034.
- The cosmetic-grade preservative market in Australia and New Zealand is predicted to rise by a 3.10% CAGR through 2034.
Competitive Landscape
The cosmetic grade preservative market has widened with manufacturers shifting to sustainability and varied product portfolios. Collaboration and mergers have excelled in the profitability and expansion of cosmetic preservatives in various sectors.
Some of the key companies in the cosmetic-grade preservatives market include Ashland, BASF, Lonza, Symrise, and DowDuPont. Ashland and BASF are generating new product lines of preservatives and acquiring natural sources in the production of preservatives.
Recent Developments:
- In 2024, ApiotiX Technologies from Croatia released a propolis-based skincare ingredient to reduce reliance on traditional preservatives in beauty products.
- Codex Beauty patented an edible personal care preservation system called PreservX in 2020, which uses natural ingredients for broad-spectrum preservation and is ideal for baby care products that may be accidentally ingested.
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Market Segmentation
By Product Type:
- Synthetic
- Organohalogen compounds
- Aldehydes
- Glycol ethers
- Parabens
- Natural
- Nisin
- Natamycin
- Benzyl Alcohol
- Salicylic Acid
- Sorbic Acid
- Natural Acids
- Botanical Extracts
- Others
By End Use Application:
- Moisturizer and Sunscreen
- Hair Care Products
- Makeup Products
- Body Care Products
- Baby Care Products
- Oral Care Products
- Fragrances
By Form:
- Powder
- Liquid
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Nandini Singh Sawlani
Future Market Insights Inc.
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Website: https://www.futuremarketinsights.com
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