- In April 2024, Clariant completed its acquisition of Lucas Meyer Cosmetics for approximately USD 810 million, aiming to strengthen its high-value cosmetics ingredients portfolio. This move aligns with Clariant's sustainability-driven growth strategy, enhancing its ability to meet the evolving needs of the cosmetics industry while expanding its footprint in the growing market for eco-friendly ingredients
- In April 2024, Ashland launched new platform technologies to promote sustainability and innovation within its product offerings. These technologies focus on addressing environmental challenges, such as reducing waste and improving energy efficiency, while also meeting the specific needs of customers. This reflects Ashland's commitment to responsible innovation, supporting sustainable practices across the chemical industry
- In January 2022, Symrise AG signed an agreement to acquire Schaffelaarbos, the European leader in egg protein for pet food, as part of its global expansion strategy in pet nutrition. Integrating Schaffelaarbos with its existing U.S. operations, including ADF/IsoNova, will strengthen Symrise’s capabilities in delivering innovative, high-quality protein solutions to meet the growing demands in the pet food industry
- In March 2022, Sharon Labs finalized its acquisition of RES Pharma Industriale (RPI), a specialized chemical manufacturer in Italy, to enhance its Personal Care division. The purchase integrates RPI’s advanced technology, R&D, and production capabilities into Sharon’s operations, allowing it to better serve its customer base with high-quality ingredients and sustainable solutions in personal care products
- In December 2021, Symrise AG acquired Giraffe Foods Inc., a leading Canadian manufacturer of customized sauces, dips, dressings, syrups, and beverage concentrates. This acquisition expands Symrise’s Flavor & Nutrition sector, offering innovative solutions and broader offerings to a growing North American customer base. The deal positions Symrise for faster growth in the region’s home meal replacement and foodservice markets
- In August 2021, Clariant finalized the acquisition of the remaining 70% of Beraca, a Brazilian company specializing in personal care specialties. Clariant had owned a 30% stake since 2015 and now fully integrates Beraca’s sustainable product portfolio into its operations. This acquisition strengthens Clariant’s market position in natural ingredients, particularly in South America’s booming cosmetics sector
- In February 2021, The USD 42.9 billion merger between International Flavors & Fragrances Inc. (IFF) and DuPont’s Nutrition & Biosciences (N&B) was completed, creating a global leader in food, beverage, and health ingredients. The merger resulted in a modernized brand, combining IFF’s flavors and fragrances with DuPont’s biosciences to deliver innovative, sustainable solutions across various industries
- In December 2021, Clariant acquired BASF's U.S. attapulgite business in a USD 60 million cash deal, aiming to expand its sustainable business in North America. The acquisition of BASF’s attapulgite assets enhances Clariant’s capabilities as a major producer of this natural clay material, which is used to eliminate pollutants in renewable fuel production, further strengthening its environmental offerings
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Paraben Esters, Formaldehyde Donors, Phenol Derivatives, Alcohols, Quaternary Compound and Organic Acids), Type (Natural Preservatives, Synthetic Preservatives, Organic Preservatives, and Antimicrobial Preservatives), Application (Skin and Sun Care, Hair Care, Toiletries, Fragrances and Perfumes, Makeup and Color), Formulation Type (Water-Based Formulations, Oil-Based Formulations, and Emulsion Formulations) - Industry Trends and Forecast to 2032
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The Global Cosmetic Preservative Market size was valued at USD 391.53 USD Million in 2024.
The Global Cosmetic Preservative Market is projected to grow at a CAGR of 5.5% during the forecast period of 2025 to 2032.
The major players operating in the market include DOW, Penta Manufactures, Clariant AG, Struchem Co.Ltd., AE ChemieInc, The Procter and Gamble Company, BASF SE, Clariant AG, Ashland, Lonza, Akema S.r.l, Symrise AG, THOR INC, Dadia Chemical Industries, Gujarat Organic Limited, Evonik Industries AG, ISCA UK Ltd, Salicylates and Chemicals Pvt. Ltd., Chemipol, Sharon Laboratories Ltd., Brenntag AG.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
