According to the research report titled ‘LATAM Cosmetic Preservatives Market Size By Product, By Usage, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, LATAM cosmetic preservatives market is anticipated to experience tremendous growth during 2020-2026.
 

Growing working women population, increasing demand for natural & organic cosmetics, surging ecommerce sector selling cosmetic products, and rising brand-consciousness across several Latin American countries are major factors driving the growth of LATAM cosmetic preservatives market. For the record, preservatives are antimicrobials used in cosmetics to improve shelf-life, inhibit microbial propagation, and maintain product safety.
 

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The product segment of LATAM cosmetic preservatives market is bifurcated into synthetic/chemical preservatives and natural/organic preservative. Speaking of the latter, organic acid segment is likely to grow with 4.9% CAGR during 2020-2026 mainly due to growing awareness about the side effects of synthetic preservatives. While, natural antioxidants segment held 5.39% market share in recent past and is projected to witness significant growth through 2026. Essential oils market segment is estimated to showcase 4.7% CAGR over the coming years. Also, plant & herbal extracts segment accounted for 6.24% share in the past year.
 

Moving on to synthetic/chemical preservatives, parabens segment is anticipated to witness 4.2% growth rate throughout the projected time period. Formaldehyde releasers segment contributed 10.29% share in the recent past and is estimated to grow further. QAC market segment is likely to witness 3.8% CAGR through 2026, owing to its growing utilization as preservatives in dyes, hair conditioners, and colors.
 

With regards to application scope, fragrance & perfumes segment contributed 9.32% share to LATAM cosmetic preservatives market in recent past, mainly due to growing use of QAC and phenol derivatives in perfume manufacturing. Meanwhile, market share from baby products application is likely witness 3.5% CAGR during 2020-2026. The other applications held 7.2% market share in the past and is estimated to witness substantial growth during forecast period.
 

Considering geographical landscape, Mexico dominated LATAM cosmetic preservatives market with 11.35% share in recent past, while Chile is expected to witness 5.2% growth rate during forecast period, owing to increasing number of working women in the country.
 

Key players operating in LATAM cosmetic preservatives market are Tagra, Sabinsa Corp., Merck KGaA, Synthite Industries Pvt. Ltd., Coralim Aditivos S.L., Stepan Company, Firmenich SA, MINASOLVE (Minafin Group), Schülke, Vantage Specialty Chemicals Inc., Celanese Corporation, Royal DSM, Alban Muller International, International Flavours & Fragrances Inc. (IFF), Frutarom Industries Limited, and Symrise AG.