Over the next five years, the market for cosmetic preservatives is expected to grow quickly, surpassing USD 1.4 billion by 2024. Organic acids, phenol derivatives, paraben esters, alcohols, formaldehyde donors, and quaternary compounds are the six main divisions of that market. A number of important factors, such as a rise in the demand for “natural claims” preservatives, the development of new markets, and an increase in the use of phenol derivatives, can be credited for this anticipated growth in the global market.
More green preservatives, or preservatives based on synthetic expressions of natural materials, are now than ever before available to formulators. In addition to being ideal for consumers who want natural personal care and skin care products, the increased availability of natural claims preservatives is also advantageous for formulators who work to meet the ongoing demand for green products.
Similarly, it’s critical to note that, according to recent research, the demand for more organic preservatives like essential oils, herbs, and natural products like tea tree, rosemary, lavender, clove, and cinnamon is anticipated to increase and spur market growth by 2025.
An additional factor driving the anticipated expansion of the preservative market is a rise in hygiene and beauty practices in Asian markets, particularly in China, India, and other Southeast Asian nations. The preservative market is growing as a result of increased product purchases brought on by this awareness.
In particular, Asian Pacific nations are buying more sunscreen, lotion, and anti-ageing goods, all of which heavily rely on preservatives to keep their freshness, effectiveness, and shelf stability. The Asian region is predicted to control a larger share of the global preservative market in the years to come as a result of these purchasing trends, which are anticipated to last through 2025. By the year 2925, demand from nations like Italy, Spain, France, Germany, and the UK will give European countries the second-largest share of the market.
