Cosmetic Preservative Market size is expected to
value at USD 458.8 million by 2024
The global Cosmetic Preservative Market size is expected to value at USD 458.8 million by 2024. The market is
subject to witness a substantial growth due to the shifting trend towards use of natural cosmetic products. High-
end demand from Asia Pacific region, particularly from countries such as India, South Korea and China is
expected to fuel market growth over the forecast period. Preservatives are considered as a vital ingredient of
cosmetics products due to minimize adverse effects caused by microorganisms.
Additionally, preservatives help to curb contamination in case of the product utilization. Preservatives also help
to enhance shelf life of the cosmetic product. These factors are expected to fuel the growth of cosmetic
preservative industry over the forecast period. Globally, the cosmetic preservative market is predicted to grow
at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for
research and development in the market. Shifting trend towards use of herbal cosmetics products owing to
increasing awareness among general population regarding numerous benefits of products over the synthetic
products is estimated to aggravate market demand for cosmetic preservative over the forecast period.
Additionally, rising female workforce and escalating demand for cosmetics and skin-care products is considered
as one of the prominent growth factors in the recent years for the cosmetic preservative. Organic preservatives
are largely utilized for production of the conventional cosmetics and skin care products due to their cost-
effectiveness and easy availability. The recent technological developments in the bi-technology coupled with
development of novel products in the cosmetics and skin-care industry are predicted to foster market growth
over the forecast period.
.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-