The global cosmetic pigments market size was valued at around USD 646 million in 2021 and is projected to reach USD 1305 million by 2030, expanding at a CAGR of around 9.2% during the forecast period, 2022 to 2030. The growth of the market is attributed to the growing fashion and makeup industry and increasing applications of cosmetic pigments in personal care and makeup products.
Cosmetics are referred to as mixtures of chemical compounds obtained from either natural or synthetic sources. Cosmetics are used for various purposes such as altering or enhancing the appearance of a person. The word is derived from a Greek word, which means a technique of dress and ornament. The use of cosmetics can be traced centuries back to ancient Egypt and Sumer civilizations. Cosmetics were used for various applications such as beauty enhancements, religious rituals, health management, and others. Cosmetics were used to flaunt social status and wealth as well. From ancient civilizations till the present times, the process of manufacturing cosmetics products and the ingredients used in those products have changed based on technological advancements and increasing awareness regarding the different raw materials.
Cosmetic pigments are referred to as colorants, which are used to produce cosmetic products. Pigments are used to impart colors to the final formulation of cosmetic products. There are two types of pigments, which are absorption pigments and interference pigments. Absorption pigments provide color by absorbing part of the visible light spectrum. Conversely, in interference pigments, additive colors are attained when pigments are the real source of color shades. A cosmetic pigment is one of the integral parts of formulating cosmetics and personal care products. Cosmetic pigments are the coloring agents in the formulation of these products, which impact hues and shades of colors. There are two types of cosmetic pigments, which are pigments obtained from organic sources and pigments obtained from inorganic sources. Organic cosmetic pigments come from organic molecules, which absorb and reflect light and change the color of the reflected light. These pigments have carbon atoms, which are found in vegetables, animals, and synthetic organic chemistry. These pigments have strong and stable chemical bonds that make them pure, bright, rich, and light in weight. However, these pigments are more expensive than inorganic pigments. Inorganic pigments are produced with minerals and salts such as sulfate, oxide, carbonate, sulfide, and others. They are insoluble and opaque in nature. However, they are easy to produce and cost-effective, which increases their demand for manufacturing cosmetics and self-care products.
Cosmetic pigments have to pass through various tests and adhere to several government policies for manufacturers to sell their products in the market. Cosmetic pigments need to be safe to be used in various cosmetics and self-care products. Cosmetic pigments are usually used in the cosmetics industry to mass produce cosmetics and self-care products. These pigments can be used individually to produce cosmetics and self-care products on a small scale.
The cosmetic pigments market was affected negatively during the outbreak of the COVID-19 pandemic across the globe. The pandemic resulted in the lockdown, travel restrictions, social distancing policies, and other regulations as a measure of control worldwide. The cosmetic pigment production plants were shut down, which disrupted the global supply chain. With the lockdown, work from home, and social distancing policies, the patterns of purchase and usage of cosmetic and makeup products among consumers changed drastically. This affected the cosmetic pigments market negatively. Limited transportation, halt in production and manufacturing activities, and decreased demand for cosmetic products hampered the growth of the cosmetic pigments market during the pandemic. The lifting of lockdown, canceling of social distancing policies, and slack in other pandemic-related restrictions are expected to drive the cosmetic pigments market in the coming years.
The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The cosmetic pigments market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Increasing usage of environmentally friendly and organic pigments in cosmetic products is one of the key trends
An increasing number of consumers are becoming aware regarding inorganic or synthetic materials used in cosmetic products and their unfavorable effects on human and environmental health. There is a shift in preference among consumers from products with synthetic ingredients to products with organic and environmentally friendly ingredients in recent years. The rising demand for organic pigments for cosmetic and personal care products is one of the key trends in the cosmetic pigments market.
Constant changing lifestyles and fashion boosts the cosmetic pigments market
The constant changing and fast-paced lifestyle have changed have changed fashion trends and preferences of consumers as well. Increasing urbanizations, a rising working population, and the growing availability of cosmetic and self-care products across several platforms such as supermarkets, hypermarkets, online retails, and others are expected to boost the cosmetic pigments market growth in the coming years.
Rising disposable income among consumers drives the cosmetic pigments market
Rapid urbanization and the rising working population have increased disposable income among consumers. The increased disposable income boosts the standard of living of consumers. This factor is estimated to fuel the demand for cosmetic and self-care products across the globe driving the cosmetic pigments market during the forecast period.
Stringent government regulations hinder the cosmetic pigments market growth
There are stringent government regulations and policies regarding the production and distribution of cosmetic pigments that manufacturers are required to follow. There are some different regulations regarding ingredients used in cosmetic products, packaging, and labeling of those products in different countries. The increasing health and environmental awareness in developed and developing countries have made the restrictions and regulations stringent. Cosmetic pigment manufacturers have to adhere to those regulations to get approval for their products. These factors are anticipated to hamper the market growth in the coming years.
Maintaining the quality of color pigments for mass-produced products pose a challenge to market growth
An increasing number of consumers are becoming aware of high-quality cosmetic and personal care products and the benefits of using such products. This pushes manufacturers to produce cosmetic and self-care products in large quantities to meet the increased demand. However, maintaining the quality of mass-produced cosmetic products such as lipsticks, eye makeup, nail polishes, and others can be difficult, as all the raw materials need to be checked before using them to produce the products. The low-quality cosmetic pigment used in the products can hamper the demand for these cosmetic products. This, in turn, hinders the growth of the color pigments market.
Technological advancements offer growth opportunities to the market players
There is an increasing demand for new and innovative cosmetics and self-care products across the globe. Technological advancements in the cosmetic pigment industry facilitate manufacturers to strengthen their hold in the global market. Increasing research and development activities in the cosmetic pigment industry are expected to offer growth opportunities to the market players.
The report on the global cosmetic pigments market includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Cosmetic Pigments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2022–2030 |
Segmentation |
Types (Organic and Inorganic), Products (Surface-treated Pigments, Special Effects Pigments, Nano Pigments, Natural Colorants, and Others), and Applications (Eye Makeup, Lip Products, Facial Makeup, Nail Products, Hair Color Products, Special Effects & Special Purpose Makeup, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
ALTANA; Venator Materials PLC.; Merck KGaA; DIC CORPORATION; Kuncai; Sun Chemical; Sudarshan Chemical Industries Limited; Sensient Cosmetic Technologies; Kobo Products, Inc.; Clariant; GEOTECH; LANXESS; NIHON KOKEN KOGYO CO., LTD.; Koel Colours Private Limited; YIPIN PIGMENTS; Elemental SRL; Ferro Corporation; Kolortek Co., Ltd.; DayGlo Color Corp; VIBFAST PIGMENTS PVT. LTD.; Sandream Specialties; Miyoshi Kasei, Inc.; BASF SE; LI PIGMENTS; and Others |
On the basis of types, the global cosmetic pigments market is bifurcated into organic and inorganic. The inorganic segment is expected to register significant growth during the forecast period, as inorganic cosmetic pigments are popular among cosmetic and makeup product manufacturers across the globe. Inorganic cosmetic pigments are insoluble chemical compounds based on metallic salts, oxides, and others. These are either derived from natural sources such as carbon composites, China clay, and others or fully manufactured. These inorganic pigments are resistant to the effects of sunlight and heat. Inorganic pigments are highly stable and have high particle dispersion. These are the key factors, which boost the demand for inorganic cosmetic pigments among manufacturers and spur segment growth.
The organic segment is anticipated to expand at a rapid pace during the forecast period, due to rising concerns regarding the effects of inorganic materials on the environment among consumers. Consumer preference had shifted toward bright and vibrant colors in cosmetic products such as lipsticks, nail polishes, eye makeup products, and others. Consumers are highly aware of the negative health effects that inorganic materials can cause and the benefits of using organic materials. These are the factors, which are anticipated to boost the organic segment growth in the coming years.
In terms of products, the global cosmetic pigments market is segregated into surface-treated pigments, special effects pigments, nano pigments, natural colorants, and others. The surface-treated pigments segment is projected to register a CAGR of around 4.6% during the forecast period. Surface-treated cosmetic pigments used in makeup products ensure the durability of the applied makeup. Surface-treated pigments are high temperature and transfer resistant, which makes make products consisting of these pigments long-lasting. Surface-treated pigments offer wearability and desired texture to the products, which facilitates high demand for these pigments. These are the factors boosting the surface-treated pigments segment growth.
The special effects pigments segment is estimated to register significant growth in the coming years. Special effects pigments consist of metallic and pearlescent pigments, which provide shining and glittering effects to makeup products. High demand for glittering and shining makeup products across the globe is expected to drive the demand for special effects pigments, which fuels segment growth in the coming years.
Based on applications, the global cosmetic pigments market is divided into eye makeup, lip products, facial makeup, nail products, hair color products, special effects & special purpose makeup, and others. The facial makeup segment is expected to witness growth during the forecast period, due to increasing usage of facial products such as foundation, blush, highlighter, and others across the globe. Consumers are becoming highly aware of the overall appearance in recent years. Facial cosmetic products are used to hide any blemishes on a face and make it look more presentable. The high demand for high-quality and innovative foundations to match various skin tones across the world boosts the demand for cosmetic pigments as well. The increasing demand for new colors and shades in blushes and highlighters to accentuate features of a face drive the cosmetic pigments market. These are the major factors spurring facial makeup segment growth.
The eye makeup segment is projected to witness high market revenue in the coming years, as an increasing number of consumers are using eye makeup as a mode of self-expression across the globe. Eye makeup is used to accentuate the eyes and match the whole look of a person. Several consumers have added eye makeup as a part of their daily routine of getting ready. Several people or makeup professionals are coming up with new eye makeup looks and posting videos and photos of those looks over the internet. These videos and photos gather a large number of views, which boosts the demand for eye makeup products. These are the significant factors driving the eye makeup segment growth.
On the basis of regions, the global cosmetic pigments market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a high CAGR during the forecast period, owing to rapid growth in the cosmetics & personal care industry in the region. Rapidly changing lifestyles, rising disposable income, and increasing awareness regarding self-care and cosmetics are the key factors driving the cosmetic & personal care industry in countries such as Japan, India, China, and South Korea. The estimated market revenue of face products in China was registered at USD 2,843 million in 2020, it is expected to reach beyond USD 4,987 million during the forecast period. The assessed revenue of face products in India was around USD 1,314 million, and it is projected to reach beyond USD 1,830 million in the coming years. Several key manufacturers are expanding their business in these countries. Several South Korea-based beauty and self-care product brands are gaining popularity across the globe, which aids in the expansion of the cosmetic pigments market in Asia Pacific. The increasing demand for high-quality cosmetic products and rising awareness regarding the benefits of self-care products in Asia Pacific are estimated to drive the cosmetic pigments market in the coming years in the region.
The cosmetic pigments market in Europe is anticipated to witness steady growth during the forecast period, as the consumer base in the region is continuously growing. The wide presence of beauty and self-care product manufacturers in the region drives the demand for cosmetic pigments in Europe. A variety of cosmetic and beauty products are easily available in the region. The high awareness regarding various cosmetic and beauty products among consumers increases the demand for innovative products. These are the key factors aiding the expansion of the cosmetic pigments market in Europe.
The cosmetic pigments market in North America is estimated to register significant growth during the forecast period, owing to a growing working population, rising disposable income, and increasing concern regarding overall appearance among consumers in the region. The high presence of high-end cosmetic and self-care companies in the region fuels the demand for cosmetic pigments, which is estimated to boost the cosmetic pigments in North America.
The global cosmetic pigments market has been segmented on the basis of
Types
Products
Applications
Regions
Key Players
Key players competing in the cosmetic pigments market are ALTANA; Venator Materials PLC.; Merck KGaA; DIC CORPORATION; Kuncai; Sun Chemical; Sudarshan Chemical Industries Limited; Sensient Cosmetic Technologies; Kobo Products, Inc.; Clariant; GEOTECH; LANXESS; NIHON KOKEN KOGYO CO., LTD.; Koel Colours Private Limited; YIPIN PIGMENTS; Elemental SRL; Ferro Corporation; Kolortek Co., Ltd.; DayGlo Color Corp; VIBFAST PIGMENTS PVT. LTD.; Sandream Specialties; Miyoshi Kasei, Inc.; BASF SE; LI PIGMENTS; and Others. Some of these major companies have adopted a series of business development strategies including mergers and acquisitions, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
Some frequently asked quetions about this report!
ALTANA; Venator Materials PLC.; Merck KGaA; DIC CORPORATION; Kuncai; Sun Chemical; Sudarshan Chemical Industries Limited; Sensient Cosmetic Technologies; Kobo Products, Inc.; Clariant; GEOTECH; LANXESS; NIHON KOKEN KOGYO CO., LTD.; Koel Colours Private Limited; YIPIN PIGMENTS; Elemental SRL; Ferro Corporation; Kolortek Co., Ltd.; DayGlo Color Corp; VIBFAST PIGMENTS PVT. LTD.; Sandream Specialties; Miyoshi Kasei, Inc.; BASF SE; and LI PIGMENTS are some of the key players in the global cosmetic pigments market.
Asia Pacific dominates the global cosmetic pigments market.
Organic and inorganic are the two types of cosmetic pigments.
Surface-treated pigments, special effects pigments, natural colorants, nano pigments, and others are the cosmetic pigment products discussed in the market report.
Eye makeup, lip products, facial makeup, nail products, hair color products, special effects & special purpose makeup, and others are the applications of cosmetic pigments.
The global cosmetic pigments market size was valued at around USD 646 million in 2021 and is anticipated to reach around USD 1305 million by 2030.
The global cosmetic pigments market is estimated to register a CAGR of around 9.2% during the forecast period.
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