Cosmetic Pigments Market Overview
The
Global Cosmetic Pigments Market is expected to reach a value of
USD 2.4 billion in 2023, and it is further anticipated to reach a market value of
USD 4.8 billion by 2032 at a
CAGR of 8.1%. The market has seen significant growth over the past few years and is predicted to grow significantly during the forecasted period as well.
The Global Cosmetic Pigments Market refers to the industry involved in the manufacturing and distribution of different shades of pigments and colorants used in cosmetics. Cosmetic pigments come in different colors, forms & compositions. They play an important role in enhancing the quality and aesthetic of the product. Cosmetic pigments are essential components in the formulation of makeup products like eye shadow, blush & other beauty products such as hair care and
skin care products. The global cosmetic market will continuously evolve due to the consumer demand for high-quality and innovative products. As the beauty trends change very often the market is also growing further by introducing new pigments and colorants to meet the new trends.
Cosmetic Pigments Market Dynamics
The Global Cosmetic Pigments Market continues to advance in response to the changing consumer preference. The cosmetic and personal care industry continues to expand, driven by consumer demand for a wide range of beauty and skincare products. This growth fuels the demand for cosmetic pigments as consumers are increasingly inclined towards cosmetic products that offer visually appealing texture, color & visual effects and to meet this demand pigments are essential. The ongoing research and development led to the creation of new pigments and colorants, improving the attractiveness and performance of cosmetic products. Now because of the growing awareness of natural, cruelty-free products consumers seek products with natural and organic pigments, this fact creates new growth opportunities for the Global Cosmetic Pigments market.
The restraints the market faces are regulatory challenges as the pigment industry is subjected to following certain guidelines for production to meet the safety and compliance guidelines. In some cases, the safety issues related to inorganic pigments are raised in past which influenced the market and the development and manufacturing of new pigments can be costly.
Cosmetic Pigments Market Research Scope and Analysis
By Composition
Based on the composition the global cosmetic pigment market is segmented in organic pigments and inorganic pigments. The inorganic pigments hold the largest market share and are expected to grow more in the upcoming years. The inorganic pigments are derived from minerals and metals as they offer a wide variety of colors such as white, black & vibrant colors. Another reason for their popularity can be their durability and stable coloration properties as they are derived from metal, they are light-resistant because the amount of energy required to break down the pigments greater than the normal temperature that’s why it is used in the sun's cream. These pigments are used in the production of products like foundations, mineral makeup & sun cream.
The organic pigments used in cosmetics are derived from carbon-based compounds. These pigments offer vibrant & bright color options, making them a prominent option for personal care & cosmetic products. The organic pigments are used in nail polish, eye shadow, lipsticks & blushes in different vivid and eye-catching shades.
By Type
Based on type the global cosmetic pigment market is categorized into Special Effect Pigment, Surface treated Pigments & Nano Pigments. The special effect pigments hold a major section of the market and are expected to grow further in the upcoming years. The special effect pigments are pigment that is designed to improve the quality & appearance of the cosmetic product. It is used in the products of glitter, shimmer and highlighter to add an extra dimension to cosmetic formulation. They are also used in lip products such as lipsticks and lip gloss to add extra shimmer. As the trend is ever changing the growth potential of products based on special effect pigments is going to grow forward.
The surface-treated pigments are used in cosmetic and personal care products like BB & CC creams, compact powders, primers and foundations. These products are used to improve the blending and adherence properties, they also improve and enhance the stability of cosmetic formulations.
By Application
The Global Cosmetic Pigment Market is divided into various segments based on the type of cosmetic products for which these pigments are used, like facial makeup, lip makeup, eye makeup and hair color products. In this segment, the facial makeup market holds the majority section with the growing CAGR in the forthcoming years. Facial makeup includes a variety of products which use pigments in production like concealers, foundations, highlighters & blushes. They are used to improve and even out the skin complexion. The reason behind the popularity of this segment is because it provides better color, and effects and helps to create a visually appealing complexion.
The second largest market share belongs to the eye makeup segment where it offers a wide range of products such as mascaras, eye shadows & eyebrow products. Cosmetic pigments are essential for eye makeup, as they provide a variety of colors, textures & special effects that fulfil the growing demand of consumers.
The Global Cosmetic Pigments Market is segmented on the basis of the following
By Composition
- Organic Pigments
- Inorganic Pigments
By Type
- Special Effect Pigments
- Surface treated Pigments
- Nano Pigments
By Application
- Facial Makeup
- Eye Makeup
- Lip Products
- Nail Products
- Hair color products
- Others
Cosmetic Pigments Market Regional Analysis
Europe is the leading region in the global cosmetic pigment market holding around 45% of the market and is expected to grow further in the forthcoming years. The reason behind Europe’s hold in this market is because of the greater awareness of personal grooming, digitalization & greater purchasing power. Europe is a prominent market for cosmetic pigments as they have many regional well-established brands which have chains around the globe. The European market is also influenced by the growing awareness of eco-friendly, sustainable and cruelty-free products and due to their interest in sustainable products the market is going to grow further in the forthcoming years.
Asia-Pacific region is anticipated to show promising growth potential in upcoming years. The Asia-Pacific region is seeing a growth in the demand for cosmetics because of diverse skin tones, expanding consumer base, innovation & the influence of K-Beauty products. The Asia-Pacific market is a hub for innovation, where many major companies are launching new catalogues of products to meet the trends.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Cosmetic Pigments MarketCompetitive Landscape
The Key players dominating the global cosmetic pigment market are Clariant, Sun Chemical, Merck KGaA, Senseient Cosmetic Technologies and Venator Material PLC. These major companies offer a wide range and variety of pigments for personal care & cosmetic products with a strong emphasis on innovative, sustainable and cruelty-free products. Like any other market, the global cosmetic pigment market also follows organic and inorganic strategic partnerships to improve its market presence.
In organic strategies, the companies focus on improving their product catalogue and brand image whereas in the case of the inorganic strategic process, the major companies are forming partnerships, mergers and collaborations with various International & regional companies to gain a competitive edge.
The competitive landscape of the global pigments market will continuously grow to meet the demand for sustainable, cruelty-free & inclusive beauty solutions.
Some of the prominent players in the Global Cosmetic Pigments Market are:
- DIC Corporation
- ATANA AG
- Merck KGaA
- Venator Material PLC.
- ECKART
- Kobo
- Sun Chemicals
- Koel colors Private Limited
- Ocres de France
- Sandreme Specialist
- Sensient Cosmetic Technologies
- Venator Material PLC.
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Cosmetic Pigments Market:
The COVID-19 pandemic and subsequent economic recession had a significant impact on the global cosmetic pigment market. During the pandemic, a few segments in this market struggled because of momentary uncertainties. The pandemic interrupted and delayed manufacturing because of the unavailability and shortage of raw materials. The pandemic also saw the shift of consumers toward organic, natural, sustainable, environment-friendly & cruelty-free products which increased the demand for organic pigments.
As the pandemic hit companies adapted to stay in the market by innovating with new products & their packaging. Such as the use of cosmetic pigments in hand sanitizers and other pandemic-related products. The release of these products with anti-microbial properties and long-lasting effects will lead to advancement in the global cosmetic pigment market.
Cosmetic Pigments Market Report Details
| Report Characteristics |
| Market Size (2023) |
USD 2.4 Bn |
| Forecast Value (2032) |
USD 4.8 Bn |
| CAGR (2023-2032) |
8.1% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Composition ( Organic Pigments & Inorganic
Pigments), By Type (Special Effect Pigments, Surface
treated Pigments & Nano Pigments), By Application
(Facial Makeup, Eye Makeup, Lip Products, Nail
Products, Hair color products & Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
DIC Corporation ATANA AG, Merck KGaA, Venator
Material PLC., ECKART, Kobo, Sun Chemicals, Koel
colures Private Limited, Ocres de France, Sandreme
Specialist, Sensient Cosmetic Technologies, Venator
Material PLC. And Other Key Players. |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Cosmetic Pigments Market is expected to reach a value of USD 2.4 billion in 2023, and it is
further anticipated to reach a market value of USD 4.8 billion by 2032 at a CAGR of 8.1%.
Europe is the leading region in the Global Cosmetic Pigments Market holding around 45% of the market
and is expected to grow further in the forthcoming years.
The market is expected to further with the increasing demand for sustainable & environment-friendly
cosmetic products that will directly influence the growth of organic & natural pigments.
Global Cosmetic Pigments Market is led by DIC Corporation ATANA AG, Merck KGaA, Venator Material
PLC., ECKART, Kobo, Sun Chemicals, Koel Colors Private Limited, Ocres de France, Sandreme Specialist,
Sensient Cosmetic Technologies, Venator Material PLC. And Other Key Players.