Paraben Market size is poised to reach USD 5 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of paraben was USD 3 Billion. The reason behind the growth is impelled by the growing chemical industry across the globe. The global chemical industry is likely to experience strong growth since it plays an important role in meeting basic needs improving quality of life, and contributing to economic growth for people around the world.
According to estimates, the global chemical market is expected to grow by more than 3% between 2024-2028, reaching a market size of around USD 1 trillion in 2028.The growing demand for water-based cosmetics is believed to fuel the paraben market growth. Parabens can be used as preservatives in many water-based cosmetics such as creams and lotions as they offer a wide range of antimicrobial properties.
Growth Drivers
According to estimates, the global food demand is expected to reach over 10 billion tons in 2030 and around 14 billion tons in 2050.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 3 Billion |
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Forecast Year Market Size (2036) |
~ USD 5 Billion |
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Regional Scope |
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End-User (Pharmaceuticals, Cosmetics and Personal Care, Food, Chemical Industry)
The cosmetics and personal care segment in the paraben market is estimated to gain a robust revenue share of 40% in the coming years owing to the growing usage of preservatives in cosmetics. Parabens have been added to cosmetics and other products since the 1920s since they are essential for cosmetics. There are no special regulations regarding preservatives such as parabens contained in cosmetics, which are also clearly labeled on the product.
Parabens are synthetic chemicals that are used in small amounts as artificial preservatives in cosmetics and personal care products such as deodorants, shower gels, and body creams to prevent substances that shorten the product's lifespan, especially fungi, yeast, and bacteria, and also protect from infection. Moreover, parabens are considered one of the least allergenic and least sensitizing preservatives in use today since they act as synthetic preservatives that help personal care products such as shampoo last for years and prevent the growth of harmful bacteria.
Product Type (Methylparaben, Propylparaben, Butylparaben, Ethylparaben)
The methylparaben segment in the paraben market is set to garner a notable share shortly. Methylparaben is a type of paraben that occurs naturally in some fruits, especially blueberries and is often used in the food, pharmaceutical, and personal care products industries. It is a preservative with the chemical formula C8H8O3 used to prevent the growth of pathogens and prevent unwanted chemical changes from occurring. They can extend the shelf life of products by inhibiting the growth of pathogens and are considered safe to use and the FDA does not regulate methylparaben. Methylparaben is a 4-hydroxybenzoic acid ester that is also used for allergen testing, which is a simple procedure to diagnose allergic contact dermatitis and identify the pathogen. Besides this, methylparaben acts as a plant metabolite, which are compound synthesized by plants for essential functions such as growth and development.
In addition, Butylparaben/n-butyl p-hydroxybenzoate appears as an odorless crystalline powder, which is a paraben commonly used as an antioxidant and preservative in food, medicine, and cosmetics. Butylparaben, with the chemical formula C11H14O3, is a widely used preservative with low drug toxicity that is used to improve drug stability and longevity, and is a popular choice in pharmaceutical research and serves as a reference for studying the effects of different preservatives on drug stability and viability.
Furthermore, Propylparaben is a stable, non-volatile compound and has been known to be used as an effective preservative in many types of formulations in the food, cosmetics, and pharmaceutical industries for more than 50 years. Simultaneously, ethylparaben is an antibacterial agent that belongs to the paraben family and is an odorless white crystalline substance with a slight metallic taste which is used as an antifungal preservative, and as a food additive
Our in-depth analysis of the global paraben market includes the following segments:
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Function |
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End-User |
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Product Type |
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North American Market Forecast
Paraben market in North America is predicted to account for the largest share of 45% by 2036 impelled by growing personal disposable income. This is stimulating sales of cosmetics in the region since consumers may now be spending more on cosmetics, especially liquid makeup, leading to higher demand for paraben. For instance, US personal disposable income increased from around USD 204,298 billion in November 2023 to more than USD 20,580 billion in December 2023. In addition, The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention consider parabens safe for use in cosmetics, which may significantly drive its demand in the coming years.
APAC Market Statistics
The Asia Pacific paraben market is estimated to the second largest, during the forecast period led by the growing demand for sustainable beauty products. The cosmetics industry plays a leading role in product development and is highly innovative in countries such as India, and China, which experience a huge demand for sustainable and ethical beauty products to minimize ecological footprint.
Author Credits: Rajrani Baghel
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