Global Cosmetic Pigments Market Segmentation, By Composition (Organic, Inorganic), Type (Special Effect Pigments, Surface Treated Pigments, Nano Pigments, Natural Colorants), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products, Special Effect and Special Purpose Products, Others) – Industry Trends and Forecast to 2031
Cosmetic Pigments Market Analysis
Life would be incomprehensible without cosmetics. Cosmetics have an essential role in enticing customers in industries worldwide. As a result, the market for cosmetic pigments is expanding rapidly worldwide. Textiles, cosmetics, paper, building materials, and glass are just a few of the industries that use pigments. Cosmetic pigments are used to generate a variety of colours, textures, and appearances in cosmetic products. Colours, white pigments, metallic tints, and other elements are all used in cosmetic pigments. They're used in personal care products including lip care, nail enhancement, hair colour, and skincare.
Cosmetic Pigments Market Size
Global cosmetic pigments market size was valued at USD 769.14 million in 2023 and is projected to reach USD 1555.20 million by 2031, with a CAGR of 9.20% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Cosmetic Pigments Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Baker Hughes Company (US), CyberOptics (US), Cairnhill (Singapore), attinc.(US), SGS SA (Switzerland), TriMet (US), Automated Precision, Inc (API) (US), Applied Materials, Inc. (US) ,JLM ADVANCED TECHNICAL SERVICES (US), Intertek Group plc (UK), Bruker (US), Metrologic Group. (France), Creaform. (Canada), Hexagon (Sweden), Nikon India Pvt Ltd (India), FARO (US), KEYENCE CORPORATION. (Japan), Renishaw plc. (UK), Mitutoyo America Corporation. (Japan)
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Market Opportunities
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Cosmetic Pigments Market Definition
Cosmetic pigments can be either organic or inorganic. They are available in a variety of colours as well as black and white. Cosmetic pigments are a type of chemical that cannot be dissolved in water. They are employed as colouring agents in nail paints, hair colours, eye makeup cosmetic items, lipsticks, and other cosmetic products. Pigments are capable of producing a wide spectrum of colours.
Cosmetic Pigments Market Dynamics
Drivers
- Increasing disposable income and changing lifestyle will drive the market's growth rate
The rise in the changing lifestyle and increasing level disposable income will cushion the growth rate of cosmetic pigments market. The level of living in emerging economies such as China, India, and Brazil is improving as their GDP rises. The demand for cosmetic and personal care goods is increasing dramatically as a result of rising income levels and changing lifestyles brought on by urbanization.
- Rising demand for high-performance pigment will propel the growth rate of market during the forecast period
The global cosmetic pigments market is being driven by the rising demand for high-performance and speciality pigments across the globe.
Furthermore, the rising demand for cosmetic pigments in personal care products will be a major factor influencing the growth of the cosmetic pigments market. Along with this, the increasing fashion and entertainment industry is the driving factor accelerating the growth of the cosmetic pigments market. Also, the rapidly rising demand form organic pigments and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of cosmetic pigments market. Another significant factor that will cushion the cosmetic pigments market's growth rate is the growing focus of manufacturers on the adoption of advanced technologies.
Opportunities
- Growing number of R&D activities
Moreover, the rising number of research and development activities will provide beneficial opportunities for the cosmetic pigments market growth.
- Increasing consumer interest in environment-friendly and sustainably product ingredients in cosmetic and personal care products
Several dangerous substances are still utilized as ingredients in cosmetics. When many cosmetic items are worn simultaneously, these chemicals may have an unfavourable effect on human health and can enhance the risk of health concerns. Cosmetics makers are looking for more natural and sustainable cosmetic emulsifiers as a result of rising public interest and market changes in the cosmetics business. Organic pigments, which are environmentally benign and made with sustainable processes, are in high demand.
Restraints/Challenges
- Strict regulations associated with the use of certain pigments
However, strict regulations associated with the use of certain pigments will impede the cosmetic pigments market's growth rate. Cosmetic pigment makers are expected to adhere to strict cosmetics product rules. There are several regulations governing labelling, packaging, and the ingredients used in product manufacturing.
On the other hand, there are a number of regulatory requirements from various authorities that limit the use of particular types of cosmetic pigments in various applications. This aspect is anticipated to constrain market expansion. Additionally, new medical technologies for beauty enhancement will act a restrain and further hinder the growth rate of market. Also, emergence of unfavourable conditions due to COVID-19 outbreak and the lack of awareness will act as restrain and further impede the growth rate of market during the forecast period of 2024-2031.
This cosmetic pigments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cosmetic pigments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cosmetic Pigments Market
The COVID-19 pandemic has forced the temporary shutdown of production factories and related operations in the majority of the world's major economies. Furthermore, it has slowed the growth of many sectors as most countries throughout the world have resorted to nationwide lockdown as a means of containing the virus's spread. Due to a shortage of raw materials and other inputs, this has caused disruptions in global supply chains, which has hampered the expansion of the beauty business. Similarly, limited transportation, travel limitations, and the suspension of manufacturing activities have affected the expansion of the cosmetic pigments market, and purchasing and usage habits have radically changed, resulting in lower sales of various beauty categories. Additionally, certain beauty brands, such as Clarins and Estée Lauder Companies Inc., have shifted their manufacturing focus from cosmetics to sanitizers. This has had an impact on the cosmetic industry's overall growth, which has posed problems for companies in the cosmetic pigments market.
Cosmetic Pigments Market Scope
The cosmetic pigments market is segmented on the basis of composition, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Composition
- Organic
- Inorganic
Type
- Special Effect Pigments
- Surface Treated Pigments
- Nano Pigments
- Natural Colorants
Application
- Facial Makeup
- Eye Makeup
- Lip Products
- Nail Products
- Hair Color Products
- Special Effect and Special Purpose Products
- Others
Cosmetic Pigments Market Regional Analysis
The cosmetic pigments market is analyzed and market size insights and trends are provided by country, composition, type and application as referenced above.
The countries covered in the cosmetic pigments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to grow during the forecast period due to rising use of organic pigments in cosmetics and personal care in this region. The masses are becoming weather in the Asia-Pacific area. As people become affluent, they desire to buy goods that will improve their entire appearance. This explains why they are buying more cosmetics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Cosmetic Pigments Market Share
The Cosmetic pigments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cosmetic pigments market.
Cosmetic Pigments Market Leaders Operating in the Market Are:
- BASF SE (US)
- Sun Chemical (US)
- Sensient Cosmetic Technologies (US)
- Merck KGaA (Germany)
- Altana (Germany)
- Sudarshan Chemical Industries Limited (Pune)
- Clariant (Switzerland)
- LANXESS (Germany)
- Venator Materials PLC (UK)
- GEOTECH (Netherlands)
- Koel Colours Pvt. Ltd. (India)
- Yipin Pigments (US)
- NIHON KOKEN KOGYO CO.,LTD. (Tokyo)
- Ferro Corporation (US)
- Dayglo Color Corp (Ohio)
- Elemental SRL (Romania)
- Kolortek Co., Ltd (China)
- Sandream Impact LLC (USA)
- VIBFAST PIGMENTS PVT. LTD. (India)
- Neelikon (Mumbai)
- Miyoshi Kasei, Inc. (Japan)
- ECKART (UK)
- Kobo Dynamic Website (US).
Latest Developments in Cosmetic Pigments Market
- In July 2021, Sun Chemical had launched two new cosmetic effect pigments based on innovative patent-pending process named Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire. The revolutionary multilayer technology used in these two blackened metallic-like effect pigments based on calcium sodium borosilicate gives high chroma, colour travel, and sparkle. The absorption colourant is integrated inside the coating using an unique patent-pending technology, making formulation easier and faster while also benefiting the end customer by colouring the skin little
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