Demand for high quality cosmetics and personal care products to stimulate cosmetic preservatives market

9:42 AM, 3rd February 2021
The cosmetic preservatives market is slated to record noteworthy gains over the forthcoming timeframe owing to growing consumer awareness towards use of safer preservatives.

The cosmetic preservatives market is slated to record noteworthy gains over the forthcoming timeframe owing to growing consumer awareness towards use of safer preservatives. Increasing consumption of beauty products and escalating demand for an increased shelf life is also anticipated to augment market growth over the forecast period.

As per the research report by Global Market Insights Inc, cosmetic preservatives market would surpass a $1.25 billion valuation by 2026.

Driven by the surging demand for branded and luxury cosmetic products owing to the rising disposable incomes across various developed and developing economies, the global cosmetic preservatives industry has been able to carve a lucrative growth graph for itself over the recent years. Preservatives in cosmetic products prevent the damage caused by microorganisms while also abating the contamination of the same during utilization.

Reports suggest that nearly 80 per cent of z-generation look forward for buying an organic and natural skincare product range and the count is only increasing with time. Undeniably, this increment in demand for natural cosmetics and personal hygiene products has given birth to new research opportunities for organic and natural preservatives. Challenged by these, companies have been brainstorming to introduce novel innovations which would cater to the growing interest for natural cosmetic preservatives and products.

One such company, MyChelle Dermaceuticals had in March this year, unveiled its new line of cannabidiol skincare products-ENHANCE-with a tint of modern redesign. This move comes in heels of company’s 20th anniversary. News reports claim that the newly launched products are made of hemp derived CBD, potent antioxidants, and exotic botanical oils. With this launch, it has been proclaimed that MyChelle has developed effective and eco-friendly dermaceuticals that are purely based on science aspects and offer genuine results for all skin types. Moreover, this initiative has also put the company far ahead in the competition compared to the market rivals operating in the cosmetic preservatives business space.

It is noteworthy to mention that the cosmetic preservatives market has been witnessing stellar growth in the past few years owing to the booming personal care industry worldwide. The world has been observing massive demand for personal care products like sunscreen, anti-ageing creams, and skin brightening creams. Not only this, an upsurge in hair care products is also laying positive influence on the overall cosmetic preservatives industry size.

Speaking on these lines, hair care products consists of large amount of water and active nutrients in accordance with favorable pH and temperature that serves as quality environment for microbial growth. Across the hair care products, preservatives like parabens, QAC, phenol derivatives, and FRP have offered functional preservation properties, which has therefore uplifted the momentum of preservatives in hair care products.

It is prudent to note that an average American spends nearly $89.95 on haircare products every year and owing to this rise, cosmetic and personal care manufacturers are introducing novel preservative products which is anticipated to foster cosmetic preservatives market revenue in the years to come. For instance, Ashland, in 2016, launched its new product labelled Optiphen DLP preservative. Official sources report that the product is abundantly used in skincare and hair care products and offers nature identical active ingredients that deliver antifungal boosting properties at lower use levels.
Get detailed analysis on the Cosmetic Preservatives Market: https://www.gminsights.com/request-sample/detail/1279

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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