Phenoxyethanol Preservatives Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2030
According to the current analysis of Reports and Data, the global Phenoxyethanol Preservatives Market was valued at USD 143.56 Million in 2021 and is expected to reach USD 225.61 Million by the year 2030, at a CAGR of 5.23%. Phenoxyethanol preservatives prevent any biological activity by conjoining with the bacterial cell wall. As a result, it is highly effective against gram-positive and gram-negative bacteria. These antimicrobial properties against mold formation, bacteria, and yeast are expected to be one of the factors propelling the growth of the global market in the coming years. Cosmetic product manufacturers are increasingly using phenoxyethanol as a preservative for increasing shelf life of products. This chemical displays germicidal and germistatic properties, which makes it last longer. Following the publication of studies, reporting harmful effects of paraben chemicals in skincare products, consumer preferences have steadily shifted toward phenoxyethanol-based product