Paraben Market Size & Share, by Function (Preservative, Emulsifier, Topical Medications); End-User (Pharmaceuticals, Cosmetics and Personal Care, Food, Chemical Industry); Product Type (Methylparaben, Propylparaben, Butylparaben, Ethylparaben) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5879
  • Published Date: Mar 18, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024- 2036

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.


Paraben Market
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Paraben Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Demand for Food – Parabens are a group of preservatives used in foods and beverages such as dairy products, oils and fats, seafood, grains, meats, fruits, and vegetables to extend the shelf-life of by slowing down the rotting process. For instance, Methyl and n-propyl, the most commonly used parabens, can be added up to 0.1% to prevent spoilage in foods.

According to estimates, the global food demand is expected to reach over 10 billion tons in 2030 and around 14 billion tons in 2050.

  • Growing Usage of Paraben in Medical Industry- Parabens are man-made chemicals that are often used in small amounts as preservatives in a variety of pharmaceutical formulations, including solid oral, parenteral, and topical formulations.

Challenges

  • Health and environmental concerns associated with the usage of paraben – Individuals can be exposed to parabens by touching, swallowing, or eating products containing them, which can damage fertility and reproductive organs, affect birth outcomes, and increase the risk of cancer since they hey act like the hormone estrogen in the body. Propylparaben may alter the expression of genes containing breast cancer cells, and parabens when combined with other estrogenic chemicals, can affect the development of melanoma, a type of skin cancer. Moreover, allergic reactions is a risk associated with the use of parabens in functional cosmetics and personal care products, especially if any person has sensitive, damaged, or scarred skin. Parabens can even cause dermatitis, a severe skin irritation, can cause the skin to age faster, and increase the production of estrogen, which can lead to estrogen-positive breast cancer and fertility problems in men.
  • In addition, parabens can also cause great harm to the environment, as it has also been linked to ecological damage, as it can kill corals. Moreover, parabens released into the environmental compartment can cause serious environmental pollution penetrate living organisms, and damage various internal organs.
  • Stringent regulations and bans in several countries- For instance, the European Union (EU) bans the use of five parabens as preservatives in cosmetics since they are connected to reproductive problems.
  • Shift towards natural cosmetic products may limit the demand for synthetic preservatives such as parabens

Paraben Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 3 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Paraben Segmentation

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:

     Function

  • Preservative
  • Emulsifier
  •  Topical Medications

     End-User

  • Pharmaceuticals
  •  Cosmetics and Personal Care
  •  Food
  •  Chemical Industry

     Product Type

  • Methylparaben
  •  Propylparaben
  •  Butylparaben
  •  Ethylparaben

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Paraben Industry- Regional Synopsis

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.

Research Nester
Paraben Market  size
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Companies Dominating the Paraben Market

top-features-companies
    • Ashland Global Holdings Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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

In-the-news

In The News

  • Ashland Global Holdings Inc. announced the acquisition of a personal care business from Schülke & Mayr GmbH to increase its position in the specialized additives market, fortify the company's consumer business portfolio, broaden its technical capabilities in microbiology and biotechnology, and further support Ashland's environmental, social, and governance (ESG) strategy.
  •  Lonza Group AG acquired the Bioproducts manufacturing division of UCB to maintain its leadership position in the custom peptide manufacturing industry globally by developing Braine and further solidifying its position as a leader in the industry.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5879
  • Published Date: Mar 18, 2024
  • Report Format: PDF, PPT

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 Report Scope
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