Cosmetic Pigments Market- Global Industry Analysis and Forecast (2023-2029)

Cosmetic Pigments Market has valued at US$ 696.6 Mn. in 2022. Global Cosmetic Pigments Market size is estimated to grow at a CAGR of 8%.
Cosmetic Pigments Market Overview:
Without cosmetics, life would be unimaginable. Industries across the globe are well aware of the importance of cosmetics in attracting customers. As a result, the market for cosmetic pigments is significantly growing across the globe. Pigments are utilized in a variety of industries, including textiles, cosmetics, paper, building materials, and glass. Cosmetic pigments are used in cosmetic products to create a variety of colors, textures, and appearance. Cosmetic pigments include a wide range of colors, white pigments, metallic tints, and other materials. Personal care items, such as lip care, nail enhancement, hair color, and skincare, are made with them.To know about the Research Methodology :- Request Free Sample Report
Cosmetic Pigments Market Dynamics:
Growing Per Capita income and changing lifestyle across the globe:

The standards of living in developing countries such as China, India, South Korea, and Brazil is continuously improving, thanks to their growing GDP and per capita income. The demand for cosmetic and personal care products is increasing significantly as a result of growing income levels and changing lifestyles, thanks to rapid urbanization. The growing expenditure on grooming cosmetics is also boosting the product demand across the globe. For example, women spend an average of US$ 246 a year on cosmetics across the globe.

The young generation is experiencing a drastic shift in lifestyle, which is driving up demand for cosmetic pigments. For instance, in 2021, the world's youth population is estimated to be 1.2 billion, which was 16% of the total population, leading to generating huge opportunities for the cosmetics pigments market across the globe. In addition, increased disposable income among women, which has resulted from increasing women's financial freedom.

Growing environment-friendly and sustainably produced pigments in cosmetics:

Use of harmful chemicals in cosmetics is still utilized as ingredients in cosmetics. These chemicals is may have an unfavorable effect on human health and expected to increase the risk of health concerns. As a result, cosmetics manufacturers are looking for more natural and sustainable cosmetic emulsifiers in response to the rising public interest and market changes in the cosmetics pigments markets. For example, organic pigments that are environmentally friendly and made with sustainable processes are in high demand. As a result, manufacturing companies are making investments to enter the green market along with using environmentally friendly technologies. The increased demand for cosmetic pigments made with natural and organic ingredients, which are obtained from renewable raw materials is expected to witness a significant opportunity for cosmetic pigments market players throughout the forecast period.

Stringent Rules by Governing Authorities are restraining the Market Growth:

The severe rules imposed by governing authorities in various countries on the usage of color pigments in cosmetics are expected to be hampered the cosmetic pigments market growth during the forecast period. Organic color pigments are categorized as D&C Lake Colors (Drug and Cosmetics Lake Colors), FD&C Lake Colors (Food Drug and Cosmetics Lake Colors), Non-D&C, and FD&C Pigments, and EEC Lake Colors based on regulatory needs. For example, to provide cosmetics pigments solutions for the US market, pigment manufacturers in India must follow the FD&C color criteria. EEC Lake colors are created in compliance with the European Economic Community's (EEC) directive for pigment colors used in cosmetics intended for European markets.
Cosmetic Pigments Market Segment Analysis:
Based on the Elemental Composition, the Cosmetic Pigments Market is segmented into. Organic Pigments and Inorganic Pigments. The Inorganic Pigments segment held the largest market share, accounting for 61.37% in 2021. Inorganic pigments are opaque white pigments, which are used to add opacity to other colors and lighten them. The color intensity of these pigments is lower than that of organic pigments. As a result, Inorganic pigments like titanium dioxide is in great demand, as it is widely used in all cosmetic pigment applications, which is driving the cosmetic pigments market growth for this segment.

The Organic Pigments segment is expected to grow at a CAGR of 9.83% during the forecast period. The growing consumer preferences towards the use of dark and intense colors particularly in nail polish, eyelashes, and lipsticks, along with the minimal environmental impact are expected to drive the product demand through the forecast period.

Based on the Application, the Cosmetic Pigments Market is segmented into Facial Make-up, Eye Make-up, Lip Care, Hair Care Products, Nail Care, and Others. The Facial Make-up segment held the largest market share, accounting for 39.87% in 2021. The growing demand for root makeup items such as foundations and face powders is driving the demand for the product. The increased usage of cosmetics necessitates the use of foundation, which serves as a base for any makeup to last longer. The availability of foundations in various coverage ranges, such as lighter coverage and full coverage, depending on the facial skin type, adds to the ease of consumer Convenience during usage. The capacity of foundations to cover all blemishes on the face, and give the face an instant uplift is expected to make it an ideal cosmetic basis for consumers. In addition, the ability of a blusher to add a natural glow to the skin along with add contours to the face is expected to increase the cosmetic pigments demand across the globe.
Cosmetic Pigments Market Regional Insights:
Europe region held the largest market share accounted for 36.4% in 2021. Increased awareness of personal grooming and the importance of looking presentable, along with growing urbanization and global trends such as digitization, individualization, and resource concern, are all contributing to the growth of the cosmetic pigments market in Europe. In 2021, Europe dominated the overall market, with a share of almost 35%. With retail sales of US$ 86.7 billion in 2021, the European cosmetics and personal care industry is the world's largest.

In Europe, there are over 20,000 companies working in the wholesale side of the cosmetics sector, primarily located in Italy (18%), Spain (14%), and France (14%). According to a Cosmetics Europe poll, 33% of women find it impossible to live without foundation or concealer, 25% of males find it difficult to live without aftershave, and 88% of people find it difficult to live without cosmetics, which in turn, is driving the cosmetic pigment market growth in the Europe region.

The objective of the report is to present a comprehensive analysis of the global Cosmetic Pigments Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Cosmetic Pigments Market dynamic, structure by analyzing the market segments and projecting the Cosmetic Pigments Market size. Clear representation of competitive analysis of key players by Elemental Composition, price, financial position, product portfolio, growth strategies, and regional presence in the Cosmetic Pigments Market make the report investor’s guide.
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Cosmetic Pigments Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 696.6 Mn.


Forecast Period 2023 to 2029 CAGR:
8%
Market Size in 2029:
US $ 1193.84 Mn.


 Segments Covered:
by Type
• Special Effect Pigments
• Surface-Treated Pigments
• Nano Pigments
• Natural Colorants


by Elemental Composition
• Organic Pigments
• Inorganic Pigments


by Application
• Facial Make-up
• Eye Make-up
• Lip Care
• Hair Care products
• Nail Care
• Others



Cosmetic Pigments Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Cosmetic Pigments Market Key Players
• Geotech
• Eckart
• Chem India Pigments
• Yipin Pigments
• Sun Chemical
• Sensient Cosmetic Technologies
• Merck
• BASF
• Lanxess
• Venator
• Nihon Koken Kogyo
• Ferro Corporation
• Dayglo Color
• Elemental Srl
• Kolortek
• Sandream Impact
• Vibfast Pigments
• Neelikon
• Miyoshi Kasei
• Toyal
• Kuncai Europe
• Kobo Products
• Koel Colours
• Li Pigments

Frequently Asked Questions:

1. Which region has the largest share in Global Cosmetic Pigments Market?
Ans: Europe region holds the highest share in 2022.

2. What is the growth rate of Global Cosmetic Pigments Market?
Ans: The Global Cosmetic Pigments Market is growing at a CAGR of 8% during forecasting period 2023-2029.

3. What is scope of the Global Cosmetic Pigments market report?
Ans: Global Cosmetic Pigments Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Cosmetic Pigments market?
Ans: The important key players in the Global Cosmetic Pigments Market are – Geotech, Eckart, Chem India Pigments, Yipin Pigments, Sun Chemical, Sensient Cosmetic Technologies,

5. What is the study period of this market?
Ans: The Global Cosmetic Pigments Market is studied from 2022 to 2029.