Published Date: 2020-02-25
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According to the Graphical Research new growth forecast report titled “Europe Cosmetics Preservative Market Share By Product, Application, Potential, Price Trend, Competitive Market Share & Forecast, 2019–2026”, Estimated to Exceed USD 650 Million by 2026. Growing preservative utilization for producing different beauty and personal care products owing to antioxidants, antimicrobial and stabilizing properties will foster industry growth. Beauty products are prone to deterioration and decay owing to presence of numerous bacteria and microbes which can be controlled using different natural & synthetic chemicals. Growing adoption of alcohol, essential oils and plants & herbs, which acts as effective remedy for increasing product shelf life will spur Europe cosmetics preservative demand by 2026.
High cosmetic consumption and production in European countries has shifted the manufacturers focus in producing high efficiency and cost-effective ingredients which may stimulate regional product demand. High inventory levels along with exporting of beauty products leads to high transit time, which may result in change of colour, odour and viscosity. Different natural and synthetic shelf life enhancers are used individually or in blended form in order to keep the beauty products intact are free from microbial activities, thereby driving product demand.
Europe cosmetics preservative market size from essential oils may witness gains of over 7% by the end of 2026. Consumer diverse selection for beauty ingredients has driven the essential oil demand owing to its natural and unharming nature. Usage of synthetic chemical may lead to skin irritation and allergic reaction, essential oil acts as an effective solution for preserving beauty products., thereby driving industry size.
Strict regulations for using cosmetics shelf life ingredients including guidelines for manufacturers to reveal POA and best before date in every product will escalate demand for high quality chemicals. The regulations also list down numerous synthetic chemicals which are prohibited for usage in beauty products, which opens market opportunities for natural & organic products. Environmental issues and consumer concern regarding the ingredients used for beauty products formulations is also driving natural & organic preservers demand in the European region.
Europe cosmetics preservative market from organic acids application is anticipated to surpass USD 20 million by the end of 2026. Beauty goods serves as ideal media for growth of decaying elements which can debase overall product quality. Natural products including organic acids owing to their anti-microbial properties can be used to create synergistic effect for preventing spoilage. In addition, these organic acids are also preferred in beauty industry due to broad spectrum efficacy and effectiveness in cationic, nonionic and anionic systems.
Europe cosmetics preservative market is slightly fragmented with key players includes BASF SE, Ashland, Lonza, Chemipol and Clariant. Companies are investing heavily on R&D activities capacity expansion and new product launches in order to capture the maximum market share. For example, In January 2019, Symrise launched a new brand of alcohol based multifunctional preservers under the brand name of SymOcide BHO. These products serve as an effective ingredient for preventing microbial growth and its flexible formulation also support broad range of beauty product. The new product launch will strengthen the company position in Europe cosmetics preservative market.
Europe Cosmetics Preservative Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2019 to 2026, for the following segments:
Europe Cosmetics Preservative Market Share, By Product
Europe Cosmetics Preservative Market Size, By Application
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