USD 645 million
Global Cosmetic Pigments Market Size, Share, Growth Analysis, By Elemental Composition(Inorganic Pigments, Organic Pigments), By Product(Special Effect Pigments, Surface Treated Pigments), By Application(Facial Makeup, Eye Makeup) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2221 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
94 |
Figures:
76
Global Cosmetic Pigments Market Insights
Cosmetic Pigments Market size was valued at USD 645 million in 2019 and is poised to grow from USD 698.54 million in 2023 to USD 1431.67 million by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
A pigment is a substance that modifies the color of light reflection and absorption, according to the most basic definition. Cosmetic pigments produce a matte or high gloss finish. The selection includes numerous catalogs with white pigments, metallic hues, and lustrous and natural-looking tones. By combining numerous cosmetic products, including lipsticks and eye shadow, the material significantly enhances the visual appeal of the formulae. The need for cosmetic pigments will increase as the fashion and entertainment sectors grow.
The market is being propelled by superb and effective properties of cosmetic pigments as well as the quick rise in the number of specialized uses for them around the world. There are two different kinds of pigments: organic and inorganic. Inorganic pigments, which are carbon molecules in organic colors, are made of metal oxides. The primary function of pigments in cosmetics is to provide the desired color. Iron oxide, mica flakes, coal tar, and other materials are included in mineral pigments. Beet powder and cochineal extract are two further examples of natural colors. Waterproof cosmetics are made using insoluble substances like alumina hydrate, cosmetic pigments like lakes, and dye hues. Inorganic metal oxide pigments are used in cosmetics with long-lasting colors.
The expansion of the cosmetic pigments market is being driven by the desire for color cosmetics. On the other side, there are a few challenges for market participants. The major issue that cosmetic pigment manufacturers have is maintaining the quality of cosmetic pigments for mass-market products like nail paints, lip colors, and eye makeup items. The quality of the raw materials must be evaluated before they are used to create cosmetic pigments. The quality of the color cosmetics produced in big quantities for the mass market is occasionally subpar. The demand for these quite profitable items is strongly influenced by the caliber of the cosmetic pigment utilized. Cosmetic pigment producers and processors are required to employ only premium pigments.
US Cosmetic Pigments Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Inorganic Pigments
Fastest Growth
Inorganic Pigments
Growth Rate
8.3% CAGR
Global Cosmetic Pigments Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Cosmetic Pigments Market Size by Elemental Composition 2021-2028 ($ Mn)
Global Cosmetic Pigments Market by Elemental Composition 2021-2028 (%)
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Global Cosmetic Pigments Market Segmental Analysis
The Global Cosmetic Pigments Market is segmented on the basis of Elemental Composition, Products, Application, and Region. Based on the elemental composition, the market is segmented into organic pigments and inorganic pigments. Based on the Product, the market is segmented into Special Effect Pigments, Surface Treated Pigments, Nano Pigments, and Natural Colorants. Based on the Application, the market is segmented into Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products, Special effect & Special Purpose Products, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Cosmetic Pigments Market Analysis by Elemental Composition
Organic pigments and inorganic pigments make up two segments of the Global Cosmetic Pigments market. Over the anticipated period, the inorganic pigments sector is anticipated to experience the largest market share. Metal complexes and opaque white pigments make up the inorganic pigments. Zinc oxide, titanium dioxide, iron oxide, chromium oxide, and other metal oxides are among the metal compounds. In the production of sunscreen creams, titanium dioxide is frequently employed. For the red, yellow, and black hues in cosmetics, iron oxide is applied. For making green cosmetics, chromium dioxide is employed. The opaque white paints give other hues of lightness and opacity.
Due to its widespread use in dyes, lip cosmetics, and other items, as well as its ability to improve the structural features of those products, organic pigment is predicted to experience significant market growth. Compared to inorganic colors, these pigments are higher grade, certified, and brighter. A carbon molecule makes up each organic pigment. These are employed to add a brief color. Toners, primers, micas, and lakes colors are all part of the organic pigment category. Lake's hues, which are produced by precipitating metallic salt with soluble dye, are extremely persistent and adaptable.
Cosmetic Pigments Market Analysis by Application
Additionally, the market is divided based on application as categories such as nail products, lip products, makeup for the eyes, face, and hair, as well as goods for special effects and other purposes. Due to the extensive use of cosmetic pigments in the production of facial makeup products such as foundation, blushers, and face powders, the facial makeup category holds the largest market share. With men's and women's concerns about their appearance expanding, there is an increase in the market for facial cosmetic products. In order to make foundations, powders, and blushers that are brighter in color, many businesses use titanium dioxide. Additionally, blushers, face powders, and liquid foundations are all made using iron oxide.
Global Cosmetic Pigments Market by Elemental Composition, 2021 (%), 2023 (%)
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Global Cosmetic Pigments Market Regional Insights
The various regions that make up the global market for cosmetic pigments are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. With the highest market share, Europe emerged as the largest market for cosmetic pigments. Using cutting-edge technology like surface treatment and pigment dispersion, the cosmetics and personal care industry in Europe creates products that function optimally. The cosmetic pigment market in this region is being driven by the demand for high-quality cosmetic goods. In emerging economies, there is a growing awareness of colors. The use of cosmetic pigments is being driven by a sharp increase in demand for health and beauty products.
The Asia-Pacific region also holds a significant share in the Global Cosmetic Pigments Market. Over the anticipated period, the market demand for cosmetic pigments would increase due to the increased spending on research & development activities. Due to the rising consumption of cosmetics products with changing lifestyles and rising health & beauty concerns among the population, the Asia-Pacific region is anticipated to have positive market growth. The number of businesses creating cosmetic pigments for use in cosmetic and personal care products is growing. Consumption of organic pigments is rising in a variety of cosmetics, including eye, hair, and facial makeup. Due to the large production of blushers, face powder, mineral powder, and other cosmetics, the industry is predicted to rise dramatically in developing nations like China and India. Over the anticipated period, the market expansion will be fueled by rising domestic income and purchasing power.
Global Cosmetic Pigments Market By Geography, 2021 - 2028, 2024-2031
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- Fastest
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Global Cosmetic Pigments Market Dynamics
Cosmetic Pigments Market Driver
- Increasing demand for high-performance pigment will drive the market growth rate. The growing need for high-performance and specialized pigments around the world is driving the market for cosmetic pigments. In addition, the expanding fashion and entertainment sectors are a key element boosting the market for cosmetic pigments. Additionally, the market forces that will further accelerate the expansion of the cosmetic pigments market are the fast-expanding demand for organic pigments and increased infrastructure spending on healthcare. The increasing emphasis of manufacturers on the adoption of cutting-edge technology is another important factor that will moderate the growth rate of the cosmetic pigments market.
- During the anticipated period, the market will continue to be driven by the increasing trend of men's grooming. The growth of grooming salons and consumer expenditure on cosmetics will favor the cosmetic pigments market. The antiperspirants and pigments used in the cosmetics have a high glitter and matte finish. Natural-looking white pigments, metallic hues, and sparkling pigments are all part of the cosmetic pigments range. To enhance compositions' aesthetic attractiveness, the substance is utilized in a number of cosmetic items, such as lipsticks and eye makeup. The expanding fashion and entertainment sectors will increase demand for cosmetics, which will help the cosmetic pigments market to grow.
Cosmetic Pigments Market Restraint
- The market's growth rate will be hampered by strict laws relating to the usage of specific pigments.However, the usage of some pigments is subject to stringent laws that will slow the market's expansion. Manufacturers of cosmetic pigments are expected to follow tight guidelines for cosmetics products. Labeling, packaging, and the ingredients used to make products are all subject to various restrictions. The use of specific types of cosmetic pigments in different applications is, however, constrained by a number of regulatory requirements from various agencies. It is projected that this factor will limit market expansion. New medical innovations for beauty improvement will also act as a restraint and slow the market's growth rate.
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Quality assurance is another major restraint in the market. As a result of rising demand for color cosmetic products, the market is also growing day by day. There are major challenges in front of manufacturers to produce the products that are used by the mass population such as nail paint, lip color.
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Concerns of global economic slowdown, the Impact of war in Ukraine, lockdowns in China with resurging COVID cases, and the Risks of stagflation envisaging numerous market scenarios are pressing the need for Organic and Inorganic Cosmetic Pigments industry players to be more vigilant and forward-looking.
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Global Cosmetic Pigments Market Competitive Landscape
With several international and local markets, the market for cosmetic pigments is quite competitive. The competitiveness in the market is heightened by opportunities, revenue growth, and product diversification. The top market participants with a sizeable market share are Sun Chemical, Merck, BASF, Eckart, Kobo Products, Clariant, Geotech, and Venator. The top players use market expansion, product diversification, new product launches, and product development tactics to maintain their market share. To boost the demand for cosmetic pigments and their global expansion, the corporations are engaging in alliances, mergers, strategic alliances, and acquisitions.
Cosmetic Pigments Market Top Company Profiles
- Sun Chemical
- ECKART
- Kobo Products
- BASF SE
- Clariant International Ltd.
- Merck KGaA
- Sensient Cosmetic Technologies
- Sudarshan Chemical Industries Ltd.
- LANXESS AG
- Geotech International B.V.
- Cristal
- Huntsman Corporation
- DayGlo Color Corp.
- Toshiki International Group Co. Ltd.
- Toyal America Inc.
- Ferro Corporation
- Koel Colours Pvt. Ltd.
- Neelikon Food Dyes & Chemicals Ltd.
- DIC Corporation
- Dainichiseika Color & Chemicals Mfg. Co., Ltd.
Cosmetic Pigments Market Recent Development
- In November 2022,Sun Chemical expanded its vast color portfolio to include six new plant-derived natural colorants and functional ingredients into its well-known SunPURO® line.
- In October 2022, Sun Chemical launched two new bold, chromatic orange effect pigments - Flamenco Summit Orange and Reflecks Dimensions Metallic Orange.
- In May 2022, Koel Colours Pvt Ltd. launched a comprehensive range of specialty pigments, dyes, surface-treated pigments, and hectorite gels for use in personal care products, cosmetics, and home care products. According to Koel, the High-Performance Metallic pigments with an extremely high shine property for cosmetic applications are the company's flagship product.
Global Cosmetic Pigments Key Market Trends
- A shift towards the natural and organic ingredient-based products to substantial influence the global cosmetic pigments market growth. There are a variety of dangerous substances included in makeup products. When many cosmetic items are used simultaneously, these chemicals may have a negative impact on human health and may enhance the chances of health concerns. Cosmetics manufacturers are looking for more natural and sustainable cosmetic emulsifiers as a result of rising public interest in cosmetics and market trends in the sector. Organic pigments are becoming increasingly popular because they are eco-friendly and produced utilizing green methods. Manufacturing firms are making investments and utilizing sustainable technology to enter the green market. Players in the cosmetic pigments market have an opportunity due to the rising demand for cosmetic pigments made with natural components and organically from renewable source materials.
Global Cosmetic Pigments Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, based on the elemental composition, the organic pigments segment is projected to hold the most substantial share in the market. Based on the product, the special effect pigments segment is projected to hold the most substantial share in the market. Based on the application, the facial makeup segment is projected to hold the most substantial share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 645 million |
| Market size value in 2031 | USD 1431.67 million |
| Growth Rate | 8.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cosmetic Pigments Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cosmetic Pigments Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cosmetic Pigments Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cosmetic Pigments Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cosmetic Pigments Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cosmetic Pigments Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cosmetic Pigments Market Report Snapshots
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