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 2020 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 2020 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.
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
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 2020 to 2030.
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 2020 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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.