According to TechSci Research report, “Cosmetic pigments Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Cosmetic Pigments Market stood at USD672.18 million in 2022 and is anticipated to grow with a CAGR of 6.82% in the forecast period, 2023-2028. The initiatives taken by government based on cosmetic pigments has led to favorable market conditions for the Global Cosmetic Pigments Market. Several factors contribute to the growth of various cosmetic pigments products.
In the United States, color additives utilized in cosmetics undergo a rigorous approval system as mandated by the Federal Food, Drug, and Cosmetic Act (FD&C Act). This meticulous process ensures that only color additives that are deemed safe and approved are permitted for use in cosmetic products, prioritizing consumer safety and well-being.
Governments worldwide are actively encouraging the adoption of algae-based pigments due to their exceptional environmentally friendly properties. These sustainable pigments not only offer vibrant and diverse color options for various applications, including cosmetics, but also contribute to the reduction of harmful environmental impacts. It is projected that the algal pigments market, encompassing the cosmetic pigments industry, will witness significant growth and is estimated to reach a value of $669.8 million by the year 2030, showcasing the increasing demand and recognition for eco-friendly alternatives.
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Research and development are of utmost importance in driving the growth of the cosmetic pigments market. These crucial activities not only facilitate the creation of innovative pigment types and formulations but also enable cosmetic manufacturers to effectively cater to the ever-evolving consumer demands for safer, more effective, and aesthetically pleasing cosmetics.
Through continuous innovation in cosmetic pigments, remarkable progress has been made in developing products with enhanced properties. These advancements include superior color strength, improved texture, and enhanced skin adhesion. Such cutting-edge developments have significantly contributed to the rising demand for cosmetic pigments, further propelling the expansion of the market. By continuously pushing the boundaries of possibility, the industry continues to thrive and meet the evolving needs and expectations of consumers worldwide.
The Global Cosmetic Pigments Market is segmented into elemental composition, type, application, regional distribution, and company.
Based on its elemental composition, the inorganic pigments segment held the largest share in the market. Metal compounds, including oxides, serve as prime examples of inorganic pigments. Take, for instance, titanium oxide, a widely used inorganic pigment that falls under the category of opaque white pigments. These pigments play a crucial role in imparting opacity to other colors and lightening them. However, it’s important to note that the color depth of inorganic pigments is relatively lower than that of organic pigments. Considering its widespread application in cosmetic pigment production, titanium dioxide is in high demand, serving as an indispensable component across all cosmetic pigment types. Its versatility and indispensability make it a staple choice for various cosmetic pigment applications.
Based on region, Europe segment is expected to grow during the forecast period.
The market for cosmetic pigments in Europe is expanding rapidly due to various factors. The increasing urbanization, coupled with a growing awareness of personal grooming, has contributed to this trend. Moreover, the value placed on looking presentable and the influence of worldwide trends like resource concern, individualization, and digitization have also played a significant role in the market’s growth. In 2022, Europe led the market with a substantial share of about 35%, indicating its dominant position in the industry.
Interestingly, Europe boasts over 20,000 businesses operating on the wholesale side of the cosmetics industry, with countries like Italy, Spain, and France taking the lead. A recent survey conducted by Cosmetics Europe revealed that a whopping 88% of people find it difficult to live without cosmetics. Specifically, 33% of women expressed their reliance on foundation or concealer, while 25% of men admitted that they find it difficult to live without aftershave. These findings further highlight the strong demand and dependency on cosmetic products in the market.
Overall, the market for cosmetic pigments is experiencing significant growth, driven by consumer preferences, evolving trends, and the increasing importance placed on personal grooming and appearance.
Major companies operating in Global Cosmetic Pigments Market are:
- Carl Schlenk AG
- Clariant International Ltd.
- Couleurs de Plantes
- ECKART GmbH
- Elemental SRL
- Geotech International B.V.
- Kobo Products Inc.
- Koel Colours Pvt Ltd.
- LANXESS AG
- Merck KGaA
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“Growing application of cosmetic pigments in various end user industries are key drivers of the cosmetic pigments market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of cosmetic pigments with every passing year are anticipated to register an impressive growth to Global Cosmetic Pigments Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Cosmetic pigments Market By Elemental Composition (Organic Pigments and Inorganic Pigments), By Type (Special Effect Pigments, Surface Treated Pigments, Nano Pigments, Natural Colorants), By Application (Facial Makeup, Eye Makeup, Lip Products, Nail products, Hair Color Products, Special Effect & Special Purpose Products, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Cosmetic Pigments Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cosmetic Pigments Market.
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