According to TechSci Research report, “United States Cosmetic Pigments Market– By Region, Competition, Forecast and Opportunities, 2018-2028F”, the United States Cosmetic Pigments Market stood at USD70.95 million in 2022 and is anticipated to grow with a CAGR of 4.38% in the forecast period, 2023-2028. The initiatives taken by government based on cosmetic pigments has led to favorable market conditions for the United States Cosmetic Pigments Market. Several factors contribute to the growth of various cosmetic pigments market products.
Efforts have been made to list mica-based pearlescent pigments as approved colorants for cosmetic purposes. These pigments, known for their shimmering or light-reflecting properties, are widely used in cosmetics to enhance their visual appeal. Despite their popularity, the FDA has not yet officially recognized these pigments as approved colorants, leaving room for further evaluation and potential regulatory changes.
In response to increased public interest and evolving government regulations, cosmetics manufacturers are proactively exploring the development of more natural and sustainable cosmetic pigments. This growing trend aligns with the rising demand for environmentally-friendly products and is driven, in part, by the mounting regulatory pressures and the government’s overarching sustainability goals. By embracing these changes, the cosmetics industry aims to enhance both the aesthetics and the ecological impact of their products, meeting the expectations of conscious consumers and contributing to a more sustainable future.
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The growing trend towards natural and organic cosmetics is driving the need for extensive research and development in the field of natural and mineral-based pigments. These pigments, while aiming to meet the same performance and safety standards as their synthetic counterparts, require meticulous exploration and innovation to ensure their efficacy, stability, and compatibility with various cosmetic formulations. As a result, significant investments in research and development are being made to unlock the full potential of these natural alternatives, paving the way for a more sustainable and eco-friendly future in the cosmetics industry.
The United States Cosmetic Pigments Market is segmented in elemental composition, application, regional distribution, and company.
Based on its elemental composition, the inorganic pigments segment held the largest share in the market. The demand for inorganic pigments extends beyond the cosmetics industry. They are widely utilized in various sectors, including paints, plastics, textiles, ceramics, and more. This broad applicability and usage across multiple industries further fuel the production and availability of inorganic pigments.
In comparison to organic pigments, inorganic pigments are known for their cost-effectiveness. The manufacturing process of organic pigments can be more complex and expensive, resulting in higher production costs. This cost advantage makes inorganic pigments an attractive option for cosmetic manufacturers who seek to achieve a balance between product quality and affordability without compromising on vibrant and long-lasting colorations.
Based on region, Mid-West segment is expected to grow during the forecast period.
The Midwest region in the United States is home to a vast consumer base with diverse beauty and personal care needs. With its large population and varied demographics, the demand for cosmetic products is substantial. In particular, there is a growing interest in cosmetic pigments that offer high performance and longevity. This trend is expected to contribute significantly to the increasing consumption of cosmetic pigments in the region.
Major companies operating in United States Cosmetic Pigments Market are:
- Clariant AG
- Kobo Products Inc.
- Merck Performance Materials Ltd
- LANXESS AG
- BASF SE
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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 United States Cosmetic Pigments Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“United States Cosmetic Pigments Market By Elemental Composition (Organic Pigments, Inorganic Pigments), By Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Special Effect & Special Purpose Products, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of United States 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 United States Cosmetic Pigments Market.
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