The rising scientific knowledge that underpins the efficacy and safety profile of compounds has been a significant driving force behind product improvements in the cosmetic preservatives market.
Over the course of the last several decades, there has been a remarkable expansion in the body of knowledge around the microbial activities that have an effect on these parameters all over the world.
Manufacturers of cosmetics and other personal care products are placing a strong emphasis on the incorporation of new chemicals that are distinguished by a novel antibacterial profile.
The objective is to come up with strategies that can inhibit or get rid of a wide variety of gram-positive and gram-negative bacteria and fungi.
Safety and Efficacy Key on Agenda of Personal Care Product and Manufacturers
- Given the vast number of items that have been introduced to the market in a variety of economies all over the world, the market for personal care and cosmetics has historically been highly competitive.
- Manufacturers have been doing research into a diverse array of formulas in an effort to discover chemicals that are not only effective but also safe for use on customers with a variety of skin types. This kind of concentration manifests itself in the company’s research and development endeavors in a blatant way.
- Current restrictions regarding the production of cosmetics as well as those concerning labeling have been a major driver of the evolution dynamics of the market for cosmetic preservatives. This has been the case for a significant portion of the industry.
- The guiding principle behind the establishment of these rules is to ensure that the general public has complete transparency about the components that are utilized, with nothing being concealed. Because of this tendency, market participants now have opportunities to establish themselves as responsible with regard to the long-term influence that cosmetics on skin as well as their overall health.
- Another enticing consumer value-driven proposition that players are increasingly opting for is making sure that the procedures they utilize are ecologically sustainable. It is very possible that this tendency will continue to shine brightly over the next few decades.
Worldwide Scenario of Cosmetic Production
In the year 2019, the value of the worldwide cosmetics industry was estimated to be 380.2 billion USD. It is anticipated that it will expand to a value of 463.5 billion US dollars by the year 2027, with a compound yearly growth rate (CAGR) of 5.3 percent between the years 2021 and 2027. After growing at a compound annual growth rate (CAGR) of 6% between the years 2021 and 2026, it is anticipated that the portion of the market that is comprised of nano-cosmetic pigments will reach around 1.1 billion US dollars by the year 2026.
Consumers of commercial cosmetics and cosmeceuticals can be found in every region of the world, regardless of age, gender, culture, ethnicity, or economic standing. This is most likely due to the fact that people are becoming increasingly conscious of their physical appearance in addition to their skills and intelligence. Moisturizers, face creams, body lotions, sun protection creams, and anti-aging creams are the five primary types of skin care products that make up the majority of the market.
The beauty and wellness product industry is broken down into numerous subcategories, the most prominent of which are oral care, men’s grooming, hair care, skincare, bath and shower, and deodorants and antiperspirants. Additionally, the markets for lips, nails, eyes, and facials are included in the scope of the market for cosmetic items.
Market Analysis of Nano-Cosmetic Pigments on the Basis of Type, Application, and Geography
The efficiency of nano pigment-bearing cosmetics in allowing for easy customization of makeup items to match individual preferences and requirements to improve the attractiveness of skin, hair, and general appearance has led to a considerable increase in both attention and demand for these goods. Inorganic nanoparticles hold the majority of the market share for nano-cosmetic pigments, and they are expected to continue their dominance through 2026 at a compound annual growth rate (CAGR) of 6.45%.
Because of the essential role that inorganic metallic nanoparticles like TiO2, ZnO, SiO2, and Al2O3 play in the cosmetics industry for improving color, coating capability, and achieving a smooth texture, these nanoparticles have been given the name “nano-cosmetic pigments.” These pigments have the ability to combine with organic elements, which has the impact of elevating the overall quality as well as the performance of cosmetics [25]. These pigments have a number of advantages over organic nanoparticles, including the fact that they are not harmful in their natural state, exhibit hydrophilic and biocompatible behavior, as well as have a high level of stability.
The vast majority of nanostructured ZnO and TiO2 particles are utilized in the production of sunscreens and other skin-care products. Because of their superior dispersion as UV filters, they show substantial outcomes and increase cosmetic impacts; the particle size at which they begin to function is 20 nm. Sunscreens with nanoscale TiO2 particles have a higher sun protection factor (SPF), which contributes to their increased efficacy. Therefore, the demand for the creation of future nano-cosmetic pigments in many countries is anticipated to expand as a result of the use of inorganic nanostructured particles.
Titanium dioxide, zinc oxide, carbon black, and iron oxide are some of the primary components that make up the nano-cosmetic pigments market. The facial makeup sector holds the majority of the market share. From the year 2021 to the year 2026, it is anticipated that this market sector will expand at a compound annual growth rate of 7.3%.
To improve the skin’s clarity and overall appearance, titanium oxide is a common ingredient in a variety of cosmetic products, including foundations, blushers, and powders. Face powders offer a large amount of sun protection thanks to their ability to scatter light through the utilization of nanoparticles such as zinc oxide.
The look of these products, as well as their durability and resistance to the damaging effects of UV radiation, are all significantly impacted by the nanoparticles’ size as well as the distribution of those nanoparticles. As a result, the demand for these pigments increased in the industries of Europe by 41% in the year 2020. According to the Centre for the Promotion of Imports from Developing Countries (CBI) and the Ministry of Foreign Affairs, France is one of the most lucrative markets in Europe, with a value of 720 million Euros.
France is also one of the largest marketplaces in Europe. According to the figures provided by the International Trade Administration (ITA), the cosmetics sector of the Italian economy generated a revenue of USD 12.3 million in the year 2017. It is expected that this is due to a growth in market value, and it is also anticipated that there will be a rise in demand for nano-cosmetic pigments in the years to come.