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Cosmetic based preservatives are regulated more stringently in the cosmetic industry today. The tight regulations governing these preservatives can be attributed to the risks associated with using these ingredients. A list of chemicals are restricted from using in cosmetics, in various developed countries.
Global Cosmetic Based Preservatives Market Dynamics
Cosmetic Based Preservatives Market Drivers
The rapid growth of the personal care industry has created a surge in the demand for cosmetic based preservatives. Cosmetic preservatives are used to increase the life of cosmetics and enhance their durability. Thus, the high demand for anti-ageing cosmetics and fairness products is driving the demand for cosmetic based preservatives. Rising awareness regarding the advantages of using organic cosmetic based preservatives is accelerating the demand for organic preservatives and is projected to support the demand for cosmetic based preservatives over the forecast period. Improvement in the European economy is a green signal for the growth of the cosmetics market, which will also boost the demand for preservatives from the cosmetics industry.
Cosmetic Based Preservatives Market Restraints
One of the major challenges faced by the global cosmetic based preservatives market is the increasing number of regulations on the chemicals used in cosmetics. This is one of the most tightly regulated industry in the world. Federal Food, Drug, and Cosmetic Act. in North America and laws in Europe are trying to restrict harmful chemicals use in cosmetics. Therefore, it is challenging for manufacturers to comply with the ongoing and upcoming regulations by respective regulatory bodies. Another major challenge faced by the global cosmetic based preservatives industry is the increasing competition from global as well as local players. The manufacturing technology for these preservatives is not so expensive and critical, therefore the entry of new player is easy. This implies the high threat of new entrant in this market.
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The fluctuating price of raw materials has also been a major cause of concern for the global cosmetic based preservatives market. Changing preferences of consumers may also affect the demand for cosmetic based preservatives, during the forecast period.
Cosmetic Based Preservatives Market Trends
Manufacturers of cosmetic based preservatives are expanding their businesses through the expansion of their distribution network. Long-term partnerships with distributors are aiding manufacturers to strategically grow in this market.
Innovations and R&D are the major strategies adopted to differentiate cosmetics in terms of safety quality and effectiveness. Manufacturers are focusing on the manufacturing of low cost and effective cosmetic based preservatives for customers. Manufacturers are also trying to reduce the use of harmful chemicals as preservatives in cosmetics by continuous research and development.
Global Cosmetic Based Preservatives Market: Regional Outlook
The global cosmetic based preservatives market is anticipated to be dominated by North America with the U.S. leading the market in terms consumption. The U.S. has been registering high spending on cosmetic products, due to the higher spending power of its population. High penetration rate in North America is expected to push the consumption of cosmetic based preservatives in the region, which is expected to drive the market in the U.S. and other North American countries. Europe is expected to follow the U.S. in terms of demand for cosmetic based preservatives while Asia Pacific is projected to be the fastest growing region in the cosmetic based preservatives market. Growth of the make-up and other cosmetics market and the increasing demand for personal care products in Asia Pacific are expected to drive the demand for cosmetic based preservatives in the region. The Middle East and Africa region is projected to witness moderate growth in the demand for cosmetic based preservatives over the forecast period.
Global Cosmetic Based Preservatives Market: Market Participants
Examples of some of the market participants identified across the value chain of the global cosmetic based preservatives market include,
- Aromantic Ltd.
- Elysée Scientific Cosmetics
- The Dow Chemical Company
- Akema Fine Chemicals
- Salicylates and Chemicals Pvt. Ltd.
- Brenntag AG
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
Regional analysis includes,
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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