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

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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).

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 expansion, the corporations are engaging in alliances, mergers, strategic alliances, and acquisitions. '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.'

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.

A shift towards the natural and organic ingredient-based products to substantial influence the 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.

The various regions that make up the 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.

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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

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