Cosmetic Preservative Market Growth and Forecast, 2014 - 2025

Preservatives are considered as a vital ingredient of cosmetics products due to minimize adverse effects caused by microorganisms. Additionally, preservatives help to curb contamination in case of the product utilization. Preservatives also help to enhance shelf life of the cosmetic product. These factors are expected to fuel the growth of cosmetic preservative industry over the forecast period. Globally, the cosmetic preservative market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. Shifting trend towards use of herbal cosmetics products owing to increasing awareness among general population regarding numerous benefits of products over the synthetic products is estimated to aggravate market demand for cosmetic preservative over the forecast period.

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Additionally, rising female workforce and escalating demand for cosmetics and skin-care products is considered as one of the prominent growth factors in the recent years for the cosmetic preservative. Organic preservatives are largely utilized for production of the conventional cosmetics and skin care products due to their cost-effectiveness and easy availability. The recent technological developments in the bi-technology coupled with development of novel products in the cosmetics and skin-care industry are predicted to foster market growth over the forecast period.

Additionally, shifting focus towards the organic cosmetic and skin care products is expected to drive the market expansion as well. Organic cosmetic and skin products involving green solutions like that of naturally occurring raw materials for production of cosmetic preservative is estimated to expand market in the upcoming years. Increasing use of the cosmetic preservative in the various application such as toiletries and medical treatment is anticipated widen market reach in the near future. Increasing demand from Asia Pacific, Latin America, and Middle East region due to increasing personal disposable income and growing health consciousness among general population are considered as some of the prominent growth factors.

The cosmetic preservatives industry is broadly categorized into five major segments based on the application type such as skin & sun care, hair care, toiletries, fragrances & perfumes, and makeup & color. The skin & sunscreen care is considered as one of the fastest growing segment in the cosmetic preservative market with substantial revenue generation in the last few years. Growing popularity of cosmetic preservative in the skin & sunscreen care segment is attributed to the rising awareness associated with harmful effects caused by ultra-violet rays on the skin. The toiletries segment has also witnessed substantial growth owing to the increasing demand for soaps, face wash, shower gels, shaving creams, and bath oils.

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