Europe Antimicrobial Additives Market Size

Europe Antimicrobial Additives Market Size

Europe antimicrobial additives market size for personal care application exceeded over USD 590 Million in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2025. Strict regulations regarding the use of safe chemical in personal care and cosmetics has propelled market players to introduce synergized high-quality products which may foster industry growth during the forecast period.

Antimicrobial additives are used in personal care applications to prevent microbes in cosmetics products and increase preservation. Antimicrobial additive products, also known as uncontaminated products, offer custom measure of fortification against possibly detrimental microorganisms, thereby making personal care products safe to utilize.

Rising demand for cosmetics and personal care products along with presence of major regional manufacturers is projected to boost the Europe antimicrobial additives market share for personal care applications over the projected period.
 

Growing demand for cosmetics & personal care products for skin, hair and personal grooming along with rising exports in the region will propel the Europe antimicrobial additives market growth. Increasing beauty & personal care product manufacturing in Europe will lead to the usage of novel ingredients & chemicals to support longer shelf life, thereby driving product demand.
 

Rising product demand can also be attributed to growing number of working professionals in the region, which has stimulated the demand for high quality personal care products. These products are manufactured using variety of synthetic & natural substances in order to stop microbial growth, which will further expand the Europe antimicrobial additives market for personal care application by 2025.
 

Growing product demand in skin care segment as it is constantly exposed to the environment makes it an ideal location microbial growth. Increasing adoption of multifunctional additives to protect consumers and stabilize product shelf-life at the same time is projected to drive the Europe antimicrobial additives market for personal care applications.
 

However, ongoing COVID-19 pandemic will have a short-term negative impact on market growth. The outbreak has caused administrations imposing lockdown across countries to slow down spread. Such impositions have resulted in production plant shut down for indefinite period which is hindering supply chain operations. These repercussions have led to plummeting profit margins of manufacturers which may impact the Europe antimicrobial additives market value for personal care application in a short-term span.