Industry Background:
Preservatives are antimicrobial ingredients provide product formulations to maintain the microbiological safety of the products by inhibiting the growth and reducing the number of microbial contaminants. The preservative is essential to prevention microbes growing. Preservatives must undergo rigorous evaluation, including safety assessments and quality testing before they are used. Government authorities regulate preservatives to ensure the safety of these ingredients.This growth is primarily driven by Increasing Customer Expenditure on Cosmetics Products
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ashland Inc. (United States), BASF SE (Germany), Lonza Group Ltd. (Switzerland), Akema Fine Chemicals (Italy), Symrise AG (Germany), The DOW Chemical Company (United States), Clariant AG (Switzerland), Brenntag AG (Germany), Chemipol (Spain) and AkzoNobel (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 31, 2022, DSM and Firmenich announce merger to create "leading creation and innovation partner in nutrition, beauty and well-being." This merger combines DSM's extensive portfolio of cosmetic ingredients and expertise in biotechnology with Firmenich's world-renowned fragrance and flavor capabilities. The combined entity will be well-positioned to offer a comprehensive range of solutions to the beauty and personal care industry.
In October 26, 2023, Clariant launches new, broad-spectrum preservative based on natural ingredients. This new preservative is effective against bacteria, fungi, and yeast and is suitable for use in a wide range of cosmetic products.In This Market Major Players Are Focusing On Adopting Organic And Inorganic Growth Strategies. Which Includes Merger & Acquisition, Product Innovation, and Global Reach Enhancement
Regulatory Insights:
In The EU Cosmetic Regulation, Annex V Lists 59 Preservatives Allowed In Cosmetic Formulation And Their Concentration Limit. Every Cosmetic Product Placed On The EU Market Must Be Compliant With The Regulation And Annexes. and If Use Of Preservatives In Formula, Be Sure That The Preservatives Will Use Are Listed In The Positive List (Annex V).
Influencing Trend:
High Demand in Hair Care Application Segment
Market Growth Drivers:
Increasing Customer Expenditure on Cosmetics Products, Increasing Investment in Research & Development and Rising Disposable Income and Growing Consumer Awareness
Challenges:
Causes Skin Irritation for Some Consumers
Restraints:
Stringent Regulatory Norms Are Hindering the Market Growth
Opportunities:
High Growth Opportunity Due To Increase Consumer Concern
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cosmetic Preservatives Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cosmetic Preservatives Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cosmetic Preservatives players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cosmetic Preservatives Study Sheds Light on
The Cosmetic Preservatives Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cosmetic Preservatives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cosmetic Preservatives industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.