Cosmetic Pigments Market Share, Opportunities, Industry 2032
Cosmetic Pigments Market Share, Opportunities, Industry 2032
Segments - Cosmetic Pigments Market by Composition (Organic and Inorganic), Type (Special Effect Pigments, Surface Treated Pigments, and Nano Pigments), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, and Hair Color Products), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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Report Description
Cosmetic Pigments Market
The global cosmetic pigments market size was USD 761.3 Million in 2023 and is likely to reach USD 1484.2 Million by 2032, expanding at a CAGR of 7.7% during 2024–2032. The market growth is attributed to the growing demand for cosmetics and increasing demand for cosmetics and personal products.
Cosmetic pigments are used for enhancing the colors and shade of the cosmetic products such as makeup products, lipsticks, and nail colors. The pigments are used to match the skin tone or provide a lustered and shimmered color to the skin. The increasing demand for cosmetic products matching the natural skin tone is driving the global market. Colored substance that is insoluble in water or almost insoluble in water is referred to as a pigment.
Cosmetic brands are developing natural and nude shades to match all skin tones and age groups. Regulatory bodies such as Food and Drug Administration (FDA) and the European Union’s Cosmetic Regulations set the regulatory guidelines and standards for using these pigments in cosmetic. Adhering to these regulations ensures consumer safety and product quality. Skincare products contribute to a large percentage of global market. For instance,
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In 2022, according to L'Oréal, skincare products made up 41% of the global cosmetic market.
Cosmetic Pigments Market Dynamics
Major Drivers
Growing demand for cosmetics is driving the global market. Increasing demand for cosmetics and personal products due to rising consumer awareness for grooming is significantly boosting the market. Moreover, expanding the use of pigments in skin care and hair care products is propelling the market.
Existing Restraints
Adoption of skin treatments and advanced medical technologies for beauty enhancement are expected to hinder the market. Additionally, the high cost of high-quality raw materials used in the production of cosmetic pigments is expected to restrain the global market during the forecast period.
Emerging Opportunities
Rising demand for organically produced cosmetic pigments is anticipated to provide numerous opportunities over the forecast period. Furthermore, the increasing trends towards the personalized beauty products allows the manufacturers to create customized pigments for enhancing consumer preferences and market appeal.
Scope of the Cosmetic Pigments Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Cosmetic Pigments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017–2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Composition (Organic and Inorganic), Type (Special Effect Pigments, Surface Treated Pigments, and Nano Pigments), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, and Hair Color Products) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Clariant; DIC Corporation; Kobo; Koel Colors Private Limited; LANXESS; Neelikon Food Dyes and Chemicals Ltd.; Ocres de France; Sensient Cosmetic Technologies; Sudarshan Chemical; and Sun Chemical |
Market Segment Insights
Regional Analysis
In terms of region, the global cosmetic pigments market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the global market in 2023 owing to growing demand for organic and natural cosmetic products. North America, particularly the U.S. has a high disposable income enabling consumers to spend more on premium cosmetic products. Furthermore, the well-established cosmetic industry in this region is fueling the regional market.
The market in Asia Pacific is projected to grow at a significant pace in the years to come owing to the high adaption rate of western beauty trends. The presence of key market players in this region, particularly in China is expected to drive the market during the projection period. Additionally, the increasing demand for pigments and hair care products is fueling the regional market.
Segment Analysis
Composition Segment Analysis
Based on composition, the cosmetic pigments market is divided into organic and inorganic. The inorganic segment held the largest share in the global market in 2023 owing to the wide range of colors. The highly stability and durability inorganic pigments is offering an excellent resistance to light, heat, and chemicals is boosting the segment.
The organic segment is anticipated to grow at a substantial CAGR during the forecast period brighter and vibrant colors. The growing demand of consumers for the natural and organic ingredients in the cosmetics is driving the segment. Moreover, the biodegradability and eco-friendly product-base is expected to propel the segment during the forecast period.
Type Segment Analysis
On the basis of type, the global market is segregated into special effect pigments, surface treated pigments, and nano pigments. The special effect pigments segment is anticipated to register a considerable CAGR in over the predicted period owing to the high consumer demand. The wide application of special effect pigments in lipsticks, eyeshadow, nail polish, and highlighters is expected to fuel the segment during the forecast period. The continuous trends towards the eye-catching makeup products is driving the innovations and propelling the segment.
The surface treated pigments segment is projected to register a robust growth rate during the assessment years owing to its enhanced performance. Surface treated pigments offer enhanced performance characteristics such as improved dispersibility and better skin adhesion is expected to boost the segment during the forecast period. The growing demand for long-lasting products is fueling the segment.
Application Segment Analysis
On the basis of application, the cosmetic pigments market is segmented into facial makeup, eye makeup, lip products, nail products, and hair color products. The lip products segment registers a robust growth rate in 2023 range of shades and large use of pigments. The increasing use of lip products such as lip balms, lip gloss, and lipsticks needs the largest number of pigments which are non-soluble in water, is fueling the segment.
The eye makeup products segment is expected to expand at a significant growth rate over the projection period due to the variety of products. Eye makeup includes the products such as eyeshadows, eyeliners, mascaras, and eyebrow products. Furthermore, the special effect pigments and increasing fashion and trends is driving the segment.
Segments
The cosmetic pigments market has been segmented on the basis of
Composition
- Organic
- Inorganic
Type
- Special Effect Pigments
- Surface Treated Pigments
- Nano Pigments
Application
- Facial Makeup
- Eye Makeup
- Lip Products
- Nail Products
- Hair Color Products
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Clariant
- DIC Corporation
- Kobo
- Koel Colors Private Limited
- LANXESS
- Neelikon Food Dyes and Chemicals Ltd.
- Ocres de France
- Sensient Cosmetic Technologies
- Sudarshan Chemical
- Sun Chemical
Competitive Landscape
Key players competing in the global cosmetic pigments market are Clariant; DIC Corporation; Kobo; Koel Colors Private Limited; LANXESS; Neelikon Food Dyes and Chemicals Ltd.; Ocres de France; Sensient Cosmetic Technologies; Sudarshan Chemical; and Sun Chemical.
These players utilize several development strategies, such as product launches and acquisitions, to boost their global presence. For instance,
In April 2023, Merck launched Rona flux pigments offering a high color intensity and pronounced metallic optical effects without the use of metals. The pigment allows a striking, color-intense look with a metallic allure.
In September 2022, Givaudan Active Beauty, a leader in the development of innovative cosmetic ingredients, announced the launch of New Purple 2364. This exciting new pigment offers a vibrant and intense purple hue while adhering to key sustainability and ethical principles.
In August 2022, NSG announced the launch of METASHINE Aurora Series, glass-flake effect pigments, delivering the captivating, aurora-like luminescence. These pigments utilize advanced Optical Brightening Materials (OBMs) to achieve an unparalleled level of light manipulation and radiance due to its specifically formulated for point makeup applications.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Cosmetic Pigments Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cosmetic Pigments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cosmetic Pigments Market - Supply Chain
4.5. Global Cosmetic Pigments Market Forecast
4.5.1. Cosmetic Pigments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cosmetic Pigments Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cosmetic Pigments Market Absolute $ Opportunity
5. Global Cosmetic Pigments Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Cosmetic Pigments Market Size and Volume Forecast by Types
5.3.1. Special Effect Pigments
5.3.2. Surface Treated Pigments
5.3.3. Nano Pigments
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cosmetic Pigments Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Cosmetic Pigments Market Size and Volume Forecast by Applications
6.3.1. Facial Makeup
6.3.2. Eye Makeup
6.3.3. Lip Products
6.3.4. Nail Products
6.3.5. Hair Color Products
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Cosmetic Pigments Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Cosmetic Pigments Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Cosmetic Pigments Demand Share Forecast, 2019-2026
8. North America Cosmetic Pigments Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Cosmetic Pigments Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Cosmetic Pigments Market Size and Volume Forecast by Types
8.4.1. Special Effect Pigments
8.4.2. Surface Treated Pigments
8.4.3. Nano Pigments
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Cosmetic Pigments Market Size and Volume Forecast by Applications
8.7.1. Facial Makeup
8.7.2. Eye Makeup
8.7.3. Lip Products
8.7.4. Nail Products
8.7.5. Hair Color Products
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Cosmetic Pigments Demand Share Forecast, 2019-2026
9. Latin America Cosmetic Pigments Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Cosmetic Pigments Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Cosmetic Pigments Market Size and Volume Forecast by Types
9.4.1. Special Effect Pigments
9.4.2. Surface Treated Pigments
9.4.3. Nano Pigments
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Cosmetic Pigments Market Size and Volume Forecast by Applications
9.7.1. Facial Makeup
9.7.2. Eye Makeup
9.7.3. Lip Products
9.7.4. Nail Products
9.7.5. Hair Color Products
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Cosmetic Pigments Demand Share Forecast, 2019-2026
10. Europe Cosmetic Pigments Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Cosmetic Pigments Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Cosmetic Pigments Market Size and Volume Forecast by Types
10.4.1. Special Effect Pigments
10.4.2. Surface Treated Pigments
10.4.3. Nano Pigments
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Cosmetic Pigments Market Size and Volume Forecast by Applications
10.7.1. Facial Makeup
10.7.2. Eye Makeup
10.7.3. Lip Products
10.7.4. Nail Products
10.7.5. Hair Color Products
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Cosmetic Pigments Demand Share Forecast, 2019-2026
11. Asia Pacific Cosmetic Pigments Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Cosmetic Pigments Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Cosmetic Pigments Market Size and Volume Forecast by Types
11.4.1. Special Effect Pigments
11.4.2. Surface Treated Pigments
11.4.3. Nano Pigments
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Cosmetic Pigments Market Size and Volume Forecast by Applications
11.7.1. Facial Makeup
11.7.2. Eye Makeup
11.7.3. Lip Products
11.7.4. Nail Products
11.7.5. Hair Color Products
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Cosmetic Pigments Demand Share Forecast, 2019-2026
12. Middle East & Africa Cosmetic Pigments Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Cosmetic Pigments Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Cosmetic Pigments Market Size and Volume Forecast by Types
12.4.1. Special Effect Pigments
12.4.2. Surface Treated Pigments
12.4.3. Nano Pigments
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Cosmetic Pigments Market Size and Volume Forecast by Applications
12.7.1. Facial Makeup
12.7.2. Eye Makeup
12.7.3. Lip Products
12.7.4. Nail Products
12.7.5. Hair Color Products
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Cosmetic Pigments Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Cosmetic Pigments Market: Market Share Analysis
13.2. Cosmetic Pigments Distributors and Customers
13.3. Cosmetic Pigments Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Clariant
13.4.2. DIC Corporation
13.4.3. Kobo
13.4.4. Koel Colors Private Limited
13.4.5. LANXESS
13.4.6. Neelikon Food Dyes and Chemicals Ltd.
13.4.7. Ocres de France
13.4.8. Sensient Cosmetic Technologies
13.4.9. Sudarshan Chemical
13.4.10. Sun Chemical
Methodology
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