According to a research report titled ‘Cosmetic Preservatives Market Size By Product (Natural/ Organic Preservatives [Plants & Herbal Extracts, Essential Oil, Natural Antioxidants, Organic Acid], Synthetic/ Chemical Preservatives [Parabens, Formaldehyde Releasers, Alcohols, Phenol Derivatives, Quaternary Ammonium Compounds]), By Application (Hair Care, Skin Care, Toiletries, Fragrances and Perfumes, Baby Products), Industry Analysis, Regional Outlook, Competitive Market Share and Forecast, 2021 – 2027’, available with MarketStudyReport, cosmetic preservatives market is predicted to garner notable returns by 2027.
 

Increasing cosmetics demand from both emerging and developed nations as well as consumer preference for long lasting cosmetics products are the factors catalyzing the cosmetic preservatives market growth.
 

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For the uninitiated, cosmetics can degrade or grow microorganisms such as fungi, bacteria, and yeasts over time. Preservatives are used by manufacturers to produce an environment that inhibits microbial growth while maintaining the appropriate pH level required for good skin health.
 

By product, essential oil natural/organic preservatives segment share is expected to increase at a CAGR of 7.5 percent through 2027. Essential oils are vital in the cosmetics industry since they serve as effective preservatives as well as active agents in addition to providing pleasant fragrances. Furthermore, essential oils have a variety of skin benefits, which is projected to drive segmental expansion in the future. Tea tree, eucalyptus, citrus, lavender, and other floral oils are high-valued essential oils that are gaining popularity in cosmetic goods as perfumes.
 

On the other hand, alcohols in synthetic/chemical cosmetic preservatives segment is reckoned to grow at 9.4% CAGR over the forecast period.
 

Based on application scope, skin care segment is expected to increase at an annual rate of 8.5 percent over the analysis period. While the market size from toiletry application segment is estimated to rise at a CAGR of 8% through 2027. 
 

Coming to regional landscape, Latin American cosmetics preservative market amassed significant revenues in the recent past and is predicted to develop at a stable rate of 6.5 % CAGR over the next six years. Parallelly, MEA market is touted to grow at a CAGR of 6% during the forecast timeline.
 

The major market players profiled in the report are Ashland Global Specialty Chemicals Inc., Akema Fine Chemicals S.r.l., Lonza Group AG, DuPont de Nemours Inc., Chemipol (Kothari Group of Industries), Clariant AG, BASF SE, Symrise AG, Sharon Laboratories Ltd., Thor Group Limited, Gujarat Organics Limited, Isca UK Ltd., Evonik Industries AG, Salicylates and Chemicals Pvt. Ltd., and Dadia Chemical Industries.