Revenue and Volume Forecast

Personal Care and Cosmetics Preservatives: Revenue and Volume Forecast, Global, 2021–2030

Revenue CAGR = 6.6%
Volume CAGR = 5.1%

The Impact of the Top 3 Strategic Imperatives on the Global Personal Care and Cosmetics Preservatives Industry

Transformative Mega Trends

• Why:
  • Traditional personal care preservatives, especially parabens and formaldehyde releasers, have fallen out of favor with consumers and regulatory authorities due to the various studies, articles, and social media campaigns highlighting their potential health and environmental impacts.
  • In addition, consumers increasingly seek personal care and cosmetic products with 'natural' and 'free-from preservatives' claims, especially in North America and Europe.
• Frost Perspective:
  • We expect the demand for synthetic preservatives to decline globally while the penetration of safe and natural preservatives increases over the forecast period (2024–2030).
  • The penetration of 'preservative-free' personal care and cosmetic products will likely increase during the forecast period, driving innovation across alternative preservatives.

Disruptive Technologies

• Why:
  • While natural preservatives are safe when used alone, they are not as effective as synthetic preservatives. This has pushed personal care and cosmetic ingredient manufacturers to explore multifunctional ingredients that can protect the formulation effectively, even at lower concentrations, while being cost-effective.
  • Also, the growing demand for minimalistic skin routines and products for sensitive skin will likely drive innovation across alternative preservatives.
• Frost Perspective:
  • Frost & Sullivan anticipates progressive and natural preservatives to record strong growth over the forecast period to cater to changing consumer requirements.
  • Investments in the R&D of multifunctional preservatives that can offer broad-spectrum antimicrobial effects will increase.

Competitive Intensity

• Why:
  • The personal care and cosmetics preservatives market is relatively consolidated. However, with growing consumer awareness of the side effects associated with synthetic preservatives, companies active in traditional preservatives will face stiff competition from alternative preservatives.
  • Therefore, all key players in the sector will take steps to expand their portfolio of natural and clean-label preservatives.
• Frost Perspective:
  • Although the market will likely remain relatively consolidated over the forecast period, we expect companies to increasingly aim to create competitive differentiation by focusing on niche categories that align with changing consumer requirements, thus driving competitive intensity in the sector.
  • Adopting organic and inorganic growth strategies such as product launches, mergers and acquisitions, and expansions will offer growth opportunities to market participants.

Scope of Analysis

• The research focuses on assessing growth opportunities for preservatives in the personal care and cosmetics industry.
• The global geographic scope includes the following regions.
  • North America: The United States and Canada
  • Europe: European Economic Area (EEA) and European Trade Association states (EFTA), including the United Kingdom
  • Asia-Pacific (APAC): China, Japan, and the rest of APAC, including India, Australia, New Zealand, South Korea, Association of Southeast Asian Nations countries (Indonesia, Thailand, Singapore, Malaysia, and the Philippines), and South Asian countries (Pakistan, Bangladesh, Sri Lanka, and Nepal)
  • Latin America & Middle East and Africa (LAMEA): All Latin American countries, including Mexico; Africa and all Middle Eastern countries, including Turkey
• The study analyzes the personal care and cosmetics preservatives market by type, application, and product categories.
  • Types: Parabens, phenols & alcohols, organic acids, formaldehyde releasers, and quaternary ammonium compounds (QACs) & others
  • Applications: Skincare, hair care, and personal hygiene
  • Product Categories: Synthetic preservatives, progressive preservatives, and natural preservatives (Note: Product category-wise splits included only at the global level)

Growth Drivers

The demand for natural preservatives will remain strong due to increased consumer awareness of the negative effects of synthetic preservatives.

Multifunctional preservative blends offering broad-spectrum protection against microbial spoilage will drive market growth.

Growing skin sensitivity concerns will drive new product innovation in the preservatives industry.

Growth Restraints

Rising consumer and media scrutiny of synthetic preservatives will continue to limit their market demand.

Increased consumer demand for preservative-free personal care and cosmetic products will hamper market growth.

Key Competitors

• Ashland Global Holdings Inc. (Ashland)
• Clariant AG (Clariant)
• Sharon laboratories
• CHEMIPOL, S.A.
• Salicylates and Chemicals Pvt. Ltd.
• Spectrum Chemical
• Evonik Industries AG (Evonik)
• Symrise AG
• LANXESS AG (Lanxess)
• Inolex, Inc.
• TRI-K Industries, Inc.
• Vantage Specialty Chemicals
• Cospache GmbH
• Minasolve
• Tokyo Chemical Industry Co., Ltd.
• Surya Fine Chem
• Dalian Tianwei Chemical Co., Ltd
• Sandream Specialties
• Sinotrop International Trade Co. Ltd