The market is expected to generate an incremental $ opportunity of US$ 577.3 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00215 Format: PDF Pages: 300
Global Cosmetic Pigments Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Cosmetic Pigments Market was worth US$ 574.9 Mn and is expected to grow at a CAGR of 7.2% over the forecast period. While the historical CAGR is 6.1%, the market is expected to hit US$ 1,152.2 Mn by 2032 end.
Without cosmetics, life would be unfathomable. In any industry, cosmetics play a crucial part in luring customers. As a result, the global market for cosmetic pigments is growing quickly. Pigments are used in various sectors, including glass, paper, building supplies, textiles, and cosmetics.
Cosmetic goods can have a wide range of colors, textures, and looks, thanks to cosmetic pigments. Cosmetic pigments contain dyes, white pigments, metallic tints, and other substances. They are utilized in skincare, nail care, hair color, and personal care items for the lips.
INCREASING INCOME AND CHANGING LIFESTYLE WILL DRIVE THE MARKET
The living standards of growing economies like China, India, and Brazil are rising as their GDPs rise. The demand for cosmetic and personal care goods is increasing significantly due to urbanization’s altered lifestyle and rising income levels.
The rising demand for cosmetic pigments is driven by the younger generation’s changing standard of living. Women’s financial independence is growing, which has increased disposable income. As a result, women’s shopping habits have changed. As disposable income rises and color cosmetics become more affordable, there is a growing trend for them. The development of cosmetic pigments is also fueled by changes in rural residents’ lifestyles and the influence of western culture.
STRINGENT REGULATIONS OF THE USE OF CERTAIN PIGMENTS HAMPER THE MARKET
Manufacturers of cosmetic pigments must adhere to strict laws governing cosmetics goods. There are many restrictions regarding the requirements for labeling, packaging, and the ingredients used in the production of the products. In Europe and North America, these laws are very strict. Other parts of the world are adopting a similar practice due to rising environmental and health consciousness. Color additives and pigments used in cosmetic applications are subject to regulations by the US Food and Drug Administration (FDA). Rules are put in place for health-hazardous pigments and dyes by the European Union (EU). Due to the environmental risks posed by their use, the EU has limited the use of cadmium pigments and lead (Pb) and its derivatives.
Under the Federal Food, Drug, and Cosmetic Act of the United States, the use of color pigments is subject to a rigorous approval process (FD&C Act). These regulations are limiting the manufacturing of cosmetic pigments, which has a substantial impact on their costs. The production of cosmetic pigments is subject to stringent rules. Thus there is a limited supply of these pigments. The approval procedure takes time as well. The market for cosmetic pigments is constrained in its expansion by all of these issues.
Market Segments Covered in Report
By Elemental Composition:
By Region and Country:
Why are the Inorganic pigments expected to be the largest and fastest-growing segment?
The cosmetic pigments market has been divided into inorganic and organic pigments based on elemental composition. According to basic composition, the demand for cosmetic pigments is expected to develop faster throughout the anticipated period for inorganic pigments. Metallic substances like oxides are examples of inorganic colors (for instance, titanium oxide).
White opaque pigments, which give opacity and lighten other hues, make up inorganic pigments. The color intensity of these pigments is lower than that of organic dyes. As a result, titanium dioxide is in great demand since it is utilized extensively in all cosmetic pigment applications and is a necessary component of all cosmetic pigment kinds.
Why is it anticipated that facial cosmetics would be the most popular and rapidly expanding application?
Cosmetic pigments are used in various products, such as nail polish, lip products, makeup for the eyes, face, and hair, as well as for special effects and other purposes (toothpaste, hair shampoo & conditioner, and sunless tanning products). The market for cosmetic pigments’ largest and fastest-growing application category is facial makeup.
The market in this application is anticipated to be driven by rising demand for foundations and face powders, among other core makeup items. A significant portion of the need for cosmetic pigments is made up of facial makeup. Cosmetic pigments, which include titanium dioxide to boost brightness, are used in facial makeup products like foundations, blushers, and powders.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
The market for cosmetic pigments is competitive globally, with manufacturers holding a large percentage of the industry.
The key developments in the Global Cosmetic Pigments Market are:
A list of some of the key suppliers present in the market are:
Global Cosmetic Pigments Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Elemental Composition, Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|