Sep 09, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cosmetic Preservatives Market.
It was estimated prior to this unanticipated outbreak that the Cosmetic Preservatives Market was expected to grow at a CAGR of 6.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Cosmetic Preservative is basically a substance or a chemical which is added in cosmetic products for preventing decomposition by microbial growth or by unwanted chemical changes.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as natural/organic preservatives and synthetic preservatives. Natural preservatives are estimated to dominate the market during the forecast period on account of rising concerns about chemicals in synthetic preservatives coupled with safety purpose, and shifting preference of consumers toward natural cosmetic products.
Based on the application type, the market is segmented as hair care, skin care, toiletries, fragrance & perfumes, body care, and others. Hair care application is expected to account for the largest share of the market on account of its wide utilization and suitable results, further, rising awareness regarding safe and natural products is expected to fuel the overall industry growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the cosmetic preservatives market during the forecast period on account of being the largest market for skin care products and growing cosmetic industry in the region. Also, North America and Europe are expected to offer substantial growth opportunities over the forecast period.
Key players operating in the global Cosmetic Preservatives market are-
- Akema Fine Chemicals
- BASF SE
- Chemipol S.A.
- Clariant AG
- Lonza Group
- Sharon Laboratories
- Symrise AG
- The Dow Chemical Company
- Thor Group Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Cosmetic Preservatives analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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