Paraben Market Share

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.

Frequently Asked Questions (FAQ)

The growing chemical industry across the globe and the growing demand for water-based cosmetics are the major factors driving the growth of the market.

The market size of Paraben is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Lonza Group AG, BASF SE, Stepan Company, Sharon Laboratories Ltd., Gujarat Organics, Nu Skin International Inc., Salicylates and Chemicals Pvt. Ltd., Ami Organics Limited, Ueno Fine Chemicals, and others.

The Cosmetics and Personal Care segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Paraben Market Share