At 3.9% CAGR, Middle East & Africa Cosmetic Preservatives Market is Projected to be Worth US$ 50.87 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa cosmetic preservatives market was valued at US$ 37.34 million in 2023 and is expected to reach US$ 50.87 million by 2031, registering a CAGR of 3.9% from 2023 to 2031. Increased consumption of skincare and makeup products and manufacturers' awareness of product safety are among the critical factors attributed to drive the Middle East & Africa cosmetic preservatives market growth.

In recent times, awareness regarding skin health and appearance has increased significantly among consumers across the globe. Consumers seek skincare and makeup products that make their skin appear healthy, youthful, and radiant due to increased consciousness regarding appearance in social settings. Moreover, the rising disposable income of consumers increases their purchasing power. The rise in expenditure on skincare and makeup products plays a major role in boosting the business of the cosmetic & personal care industry worldwide. To meet the evolving consumer demand for advanced personal care and cosmetic products, manufacturers are introducing highly innovative products and formulations. This includes advancements in skincare, haircare, color cosmetics, and other personal care products. These advancements and expansions in product manufacturing boost the demand for cosmetic ingredients such as preservatives. Cosmetic preservatives such as parabens, formaldehyde releasers, phenol derivatives, and organic acids are among the essential ingredients in cosmetics and personal care formulations. They act as antimicrobial agents, antioxidants, and stabilizers and enhance the shelf life of the final product. Thus, increased consumption of skincare and makeup products drives the cosmetic preservatives market.

On the flip side, government regulations on cosmetic preservatives usage and associated side effects hamper the growth of Middle East & Africa cosmetic preservatives market.

By source, the Middle East & Africa cosmetic preservatives market is segmented into natural and synthetic. The synthetic segment held 94.3% share of Middle East & Africa cosmetic preservatives market share in 2023, amassing US$ 35.20 million. It is projected to garner US$ 47.83 million by 2031 to register 3.9% CAGR during 2023–2031.

In terms of product type, the Middle East & Africa cosmetic preservatives market is segmented into parabens, formaldehyde releasers, organic acids, quaternary compounds, phenol derivatives, alcohols, and others. The organic acids segment held 35.7% share of Middle East & Africa cosmetic preservatives market share in 2023, amassing US$ 13.32 million. It is projected to garner US$ 18.62 million by 2031 to register 4.3% CAGR during 2023–2031.

Based on application, the Middle East & Africa cosmetic preservatives market is segmented into hair care, skin care, makeup products, toiletries, perfumes and deodorants, and others. The skin care segment held 32.9% share of Middle East & Africa cosmetic preservatives market share in 2023, amassing US$ 12.30 million. It is projected to garner US$ 17.62 million by 2031 to register 4.6% CAGR during 2023–2031.

Based on country, the Middle East & Africa cosmetic preservatives market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East and Africa captured 57.7% share of Middle East & Africa cosmetic preservatives market in 2023. It was assessed at US$ 21.53 million in 2023 and is likely to hit US$ 28.45 million by 2031, registering a CAGR of 3.5% during 2023–2031.

Key players operating in the cosmetic preservatives market are Akema S.R.L.; Ashland Inc; BASF SE; Clariant AG; Evonik Industries AG; Lanxess AG; Symrise AG; Celanese Corp; Tate & Lyle Plc; INEOS Group Holdings SA; Biosynth AG; Valtris Specialty Chemicals Inc; Sharon group; CHEMIPOL, S.A.; and SEIWA KASEI Co, Ltd. among others.

• In 2024: Akema S.R.L. announced that they are launching the Kem Nat Eco, a new multifunctional system COSMOS-approved. Kem Nat Eco is an exclusive combination of 100% vegetal origin ingredients for the formulation of self-preserving natural cosmetics without traditional preservatives.
• In 2024: Sharon Personal Care, a global supplier of innovative, environmentally friendly ingredient solutions for a broad range of personal care products, introduced Sharon AquaVita: Revolutionizing Preservation. This patent-pending technology is the world’s first vitamin-based multifunctional preservation platform.

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