The global paraben market revenue was around US$ 91.4 million in 2021 and is estimated to reach US$ 165.1 million by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2031.

Parabens are the analogous esters of para-hydroxybenzoic acid. They are very good at preventing the development of the fungus, bacteria, and yeast that can destroy food. Their antimicrobial properties work well against gram-positive fungi and bacteria. It is used in personal care and cosmetics, pharmaceutical, beverages and food, and other industries.

Factors Influencing Market Growth

Rise in paraben applications across several enterprises, including food and beverage, pharmaceutical, and others is anticipated to fuel market growth.

An increase in demand from the cosmetics and personal care industry is expected to propel the market expansion.

An increase in demand for processed foods is predicted to create opportunities for the key players in the market.

The harmful effects including reproductive issues and skin irritation are anticipated to limit market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the government enacted by lockdown, the export and import of compounds like parabens slowed down. In addition, during the crisis, the sales of cosmetics and personal care products were severely disrupted because the cosmetics and personal care industry is the primary end-user of parabens.

However, parabens have become more popular during the pandemic as a food preservative due to their antibacterial characteristics. The food industry mandates that food preservatives have antioxidant properties to increase product shelf life and stop potentially dangerous microbial activity. Manufacturers are forced to use food preservatives like parabens to extend the shelf life of food goods due to the increased demand for processed foods that are convenient and have antioxidant capabilities.

Regional Insights

North America dominated the market in terms of the highest revenue shares. This is attributed due to paraben's anti-microbial qualities. It is widely utilized as a preservative in cosmetic items in this region. In addition, it is an ingredient in a variety of cosmetics, including hair care items, moisturizers, and cosmetics for shaving. These are very effective at stopping the development of yeast, bacteria, and fungus, which can cause food to spoil. It is used as a preservative to increase shelf life and prevent the formation of germs and mold. Thus, these factors boost the market growth in this region.

Leading Competitors

The leading competitors in the global paraben market are:
Nu Skin International
ChemPoint
Johnson and Johnson Consumer Inc
Sharon Laboratories
Hexon Laboratories Private Limited
Zhejiang Sheng Xiao Chemical Co Ltd
Shandong Ailitong New Material Co. Ltd
Shreeji Pharma International
Ueno Fine Chemicals Industry Ltd
Jiangsu Huanxin High-Tech Materials Co. Ltd
The Estee Lauder Companies Inc
Croda International Plc
Toronto Research Chemicals
Central Drug House (P) Ltd
DuPont de Nemours
Others
Segmentation Analysis
The global paraben market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
Methylparaben
Propylparaben
Butylparaben
Others
Segmentation based on Application
Pharmaceutical
Cosmetics and Personal Care
Food and Beverages
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America