LATAM cosmetic preservatives market from parabens will witness around 4.2% CAGR throughout the projected timeframe. Formaldehyde releasers holds share of over 10.29% and is anticipated to witness more growth. QAC will witness around 3.8% CAGR owing to rising utilisation as preservatives in hair conditioners, dyes, and colors.
The decylene glycol active segment will witness around 5.2% CAGR. Decylene glycol blend (cosmetic preservative) segment holds share of over 27%. The others segment holds share of more than 27% and is likely to witness significant growth in the LATAM cosmetic preservatives market.
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This causes the product to become extremely unsafe as well as unpleasant for the consumers. However, this challenge can be overcome with added antimicrobial materials. Preservatives are antimicrobials that are ingredients which are added to cosmetic product formulations that help the product maintain microbiological safety by inhibiting the propagation of and also reducing the number of microbial contaminants.
The overall LATAM cosmetic preservatives market is bifurcated into product, usage, application, and regional landscape.
The product segment is bifurcated into Natural/organic preservatives organic acids, natural antioxidants, essential oils, plant/herbal extracts, synthetic preservatives, parabens, formaldehyde releasers, phenol derivatives, quaternary ammonium compounds (QAC), alcohols, caprylhydroxamic acid, chlorphenesin, CMI/MI, IPBC, others, and preservative boosters.
Among these alcohols are further divided into phenoxyethanol, benzylalkohol / nat. benzylalkohol, hexandiol / nat. hexandiol, penthylenglycol / nat. penthylenglycol, and propanediol / nat. propandiol. Additionally, preservative boosters are further divided into caprylyl glycol, glyceryl caprylate, ethylhexylglycerin, hydroacetophenone, decylene glycol, and others.
The organic acid segment will witness around 4.9% CAGR owing to rising awareness regarding synthetic utilization side effects. Natural antioxidants segment holds share of over 5.39% and is projected to witness considerable growth. Essential oils will witness around 4.7% CAGR over the coming years. Plant/herbal segment from LATAM cosmetic preservatives market accounts for a share of over 6.24%.
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LATAM cosmetic preservatives market is anticipated to witness substantial growth over the forthcoming timeframe owing to the rising working women demographic and increasing brand-consciousness across several Latin American countries. Beauty and cosmetic products are developed using biodegradable ingredients. While they are more beneficial for consumer use, this also means that these products can be easily compromised by microbes, which can cause them to go bad.
Paraguay will witness around 3.6% CAGR owing to rising awareness for manufacturing and utilizing good-quality cosmetics. Ecuador holds share of over 1.11%. El Salvador will witness around 3.2% CAGR. Honduras holds share of over 1%. Nicaragua will witness around 3% CAGR owing to rising exports of perfumes, essential oils, and toiletries from the country.
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