Paraben Market Regional Analysis:
North American Market Insights
North America industry is predicted to dominate majority revenue share of 45% by 2035 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 Insights
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.
