Global Personal Care and Cosmetic Preservatives Market: Overview
The global personal care and cosmetic preservatives market is likely to gather momentum due to its rising demand from the pharmaceutical and personal care sector. The ability of these preservatives to prevent unwanted chemical changes in the formulations of cosmetics and reduce spoilage is likely to foster growth of the global personal care and cosmetic preservatives market over the timeframe of analysis, from 2024 to 2030. These preservatives have become an important component in the manufacturing of personal care products.
Personal care and cosmetic preservatives are capable of acting on a wide range of bacteria, which is likely to work in favor of the market in the years to come. Various personal care and cosmetic products, such as shampoos, makeup, and creams could get contaminated through exposure to bacteria, fungi, and mold. As such, the demand for varieties of blends offering sustainability through a balanced combination of formulation compatibility, safety, and efficacy. All these factors are likely to foster growth of the global personal care and cosmetic preservatives market over the timeframe of assessment, from 2024 to 2030.
The global personal care and cosmetic preservatives market has been classified on the basis of source, chemical type, application, and region in a bid to better insight into the market.
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Global Personal Care and Cosmetic Preservatives Market: Notable Developments
The global personal care and cosmetic preservatives market has experienced some path-breaking, important developments over the last few years.
- In 2018, Prominent American chemicals company, Dow Chemical Company, introduced two new products in its new cosmetic preservative product line NEOLONE PH and NEOLONE Bio. The product, NEOLONE Bio, is basically a ethyl lauroyl arginate that is derived naturally and it facilitates in meeting the rising demand for natural care products. On the other hand, NEOLONE PH refers to a new mixture offering sustainable microbial control with much less concentration.
Some of the prominent companies in the global personal care and cosmetic preservatives market are mentioned below:
- Salicylates & Chemicals Pvt. Ltd
- Brenntag AG
- The Dow Chemical Company
- Akema S.r.l.
- Clariant AG
- Schülke & Mayr GmbH
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Global Personal Care and Cosmetic Preservatives Market: Key Trends
The global personal care and cosmetic preservatives market is characterized by the prevalence of the following challenges, market drivers, and promising opportunities.
Rising Demand for Natural Cosmetic and Personal Care Products to Bolster Demand in the Market
The development of the global personal care and cosmetic preservatives market is estimated to be influenced by the growing awareness of long-term adverse effects on health caused by synthetic chemicals. As such, there has been a growing shift toward the non-animal based and bio-based products. An increasing shift toward organic and natural cosmetic products is likely to work in favor of the market over the timeframe of assessment, from 2024 to 2030.
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Cashing in on the trend of organic and natural products, manufactures of cosmetic products have worked up on this trend and made huge investments to make an offering of a wide range of natural and organic cosmetic items. There has been an increasing demand for anti-ageing products across the globe, which is likely to drive the demand for personal care and cosmetic preservatives in the years to come. Growing importance and demand for male grooming products is likely to emerge as another growth factor for the global personal care and cosmetic preservatives market in the near future.
Global Personal Care and Cosmetic Preservatives Market: Geographical Analysis
Europe is estimated to come up as one of the leading regions in the global personal care and cosmetic preservatives market. The region is expected to retain its dominance over the period of assessment, from 2024 to 2030. Europe is one of the leading producers of personal care and cosmetic products, which is likely to propel growth of the global personal care and cosmetic preservatives market in the forthcoming years. Countries like France, Italy, and the UK are expected to drive the growth of the region in the near future.
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