September 17, 2020
According to the research report titled ‘Europe Cosmetics Preservative Market Forecast By Application, Product, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019a??2026’, available with Market Study Report, Europe cosmetics preservative market is expected to surpass a valuation of USD 650 million by the year 2026.
Rising adoption of preservatives in various personal care and beauty products since they possess stabilizing, antimicrobial, and antioxidants properties are key factors driving the growth of Europe cosmetics preservative market size.
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For those unfamiliar, beauty products can deteriorate and decay easily since they comprise of numerous microbes and bacteria. Thus, growing demand for plants & herbs, essential oils and alcohol for improving the shelf-life of the product is further aiding the market expansion.
Increasing production and consumption of cosmetics has compelled major manufacturers to focus on developing cost-effective and efficient ingredients, thereby fueling the Europe cosmetics preservative industry size. Also, booming export of beauty products has impelled the demand for preservatives in order to maintain the viscosity, odor, and color,which in turn is stimulating the industry outlook.
Based on product landscape, Europe cosmetics preservative market share from essential oils segment is predicted to expand with a CAGR of 7% through 2026. Essential oils help in preserving beauty products.
Alternatively, the report claims that natural/organic preservatives segment of Europe cosmetics preservative market is poised to record commendable growth in the ensuing years. Strict regulatory scenario regarding the use of synthetic chemicals coupled with rising environmental concerns are favoring the overall market outlook.
Highlighting the application spectrum, Europe cosmetics preservative market valuation from organic acids segment is estimated to exceed USD 20 million by the year 2026. Beauty products are highly susceptible to bacterial growth, thus inclination towards adopting organic acids in beauty industry owing to its high efficiency in anionic, nonionic and cationic systems is positively influencing the segmental growth.
Isca UK Ltd., Evonik Industries AG, Thor Group Ltd., Akema Fine Chemicals, Lonza Group, Ashland Global Specialty Chemicals Inc., Symrise AG, Sharon Laboratories Ltd., Clariant AG, BASF SE, Chemipol SA, and The Dow Chemical Company are the key participants in Europe cosmetics preservative market.