The global cosmetic pigments market is anticipated to reach $4.4 billion by 2032, growing from $2.1 billion in 2022 at a CAGR of 7.8% from 2023 to 2032.
Cosmetic pigments are used as coloring agent in cosmetic products to provide a range of color, texture, and look. Variety of colors, white pigments, metallic shades, and others falls under the broad category of cosmetic pigments. They are used in manufacturing of personal care products such as lip care, nail improvement, hair color, and skin care. Based on composition, cosmetics pigments are of two types namely organic and inorganic pigments. Organic pigments are based on carbon chains that give brighter color in comparison with inorganic pigments. Whereas inorganic pigments are generally metallic compounds and salts such as chromates and metallic oxides that are generally resistant to solvents.
Cosmetic pigments offer benefits such as color stability, opacity & transparency, safety, and numerous others. Cosmetic pigments must be effective in different environments, including exposure to light, heat, and chemicals, to maintain their intended color over time. These pigments need to meet safety regulations and be approved for use on the skin and other relevant areas. People prefer cosmetic products that do not generate allergies, skin irritation, or other adverse reactions. Furthermore, some pigments are opaquer, while some are semi-transparent or transparent. The opaqueness of a pigment influences the intensity of the color and the ability to layer it.
Cosmetic pigments are regarded as color additives in many nations, and their usage in cosmetics requires special authorization. Manufacturers must make sure that the necessary regulatory bodies have approved the use of their pigments in cosmetics. In addition, accurate labeling of cosmetic products is essential for customer safety and well-informed purchasing decisions, including the contents of pigments. Regulatory compliance involves accurate ingredient declarations on product packaging. The compliance of these regulatory guidelines requires ample of time and money. This factor at times hamper the approval and launch of new cosmetic products and also affects the cosmetic pigments demand.
Along with customer demand for sustainable and ecologically friendly products, there is an increasing opportunity to develop cosmetic pigments from natural, biodegradable, or recycled materials. This considers both environmental issues and the requirement for creative products in the cosmetics industry. Natural pigment sources like plant extracts, minerals, and even microbes are becoming more popular within the cosmetic industry. These natural pigments have the ability to create stunning hues without the usage of artificial chemicals. In addition, some businesses are working on environmentally safe and biodegradable pigments. These pigments break down more quickly when they are used, which minimizes their lasting impact on the environment.
The growth of the global cosmetics sector has significantly decreased during the COVID-19 pandemic. This is due to the fact that government-enforced lockdowns resulted in a shortage of labor, which led to the temporary shutdown of cosmetic manufacturing facilities. Businesses were also forced to cut down on staff and implement work-from-home model, which further hampered the output of cosmetic products. Numerous stores that sold cosmetics and other beauty products were forced to shut during the lockdown restrictions. In addition, during the pandemic, regulatory organizations encountered difficulties related to operations due to lack of workforce, that had an effect on the certification and licensing procedures for new pigments. The introduction of novel and cutting-edge pigments to the market was hampered by delays in regulatory approvals.
The key players profiled in this report include Merck, BASF SE, Koel Colors, Sudarshan Chemical, DIC Corporation, Sun Chemical, SENSIENT COSMETIC TECHNOLOGIES, NEELIKON, Lanxess, and Clariant. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and product launches.
Cosmetic pigments are used as coloring agent in cosmetic products to provide a range of color, texture, and look. Variety of colors, white pigments, metallic shades, and others falls under the broad category of cosmetic pigments. They are used in manufacturing of personal care products such as lip care, nail improvement, hair color, and skin care. Based on composition, cosmetics pigments are of two types namely organic and inorganic pigments. Organic pigments are based on carbon chains that give brighter color in comparison with inorganic pigments. Whereas inorganic pigments are generally metallic compounds and salts such as chromates and metallic oxides that are generally resistant to solvents.
Cosmetic pigments offer benefits such as color stability, opacity & transparency, safety, and numerous others. Cosmetic pigments must be effective in different environments, including exposure to light, heat, and chemicals, to maintain their intended color over time. These pigments need to meet safety regulations and be approved for use on the skin and other relevant areas. People prefer cosmetic products that do not generate allergies, skin irritation, or other adverse reactions. Furthermore, some pigments are opaquer, while some are semi-transparent or transparent. The opaqueness of a pigment influences the intensity of the color and the ability to layer it.
Cosmetic pigments are regarded as color additives in many nations, and their usage in cosmetics requires special authorization. Manufacturers must make sure that the necessary regulatory bodies have approved the use of their pigments in cosmetics. In addition, accurate labeling of cosmetic products is essential for customer safety and well-informed purchasing decisions, including the contents of pigments. Regulatory compliance involves accurate ingredient declarations on product packaging. The compliance of these regulatory guidelines requires ample of time and money. This factor at times hamper the approval and launch of new cosmetic products and also affects the cosmetic pigments demand.
Along with customer demand for sustainable and ecologically friendly products, there is an increasing opportunity to develop cosmetic pigments from natural, biodegradable, or recycled materials. This considers both environmental issues and the requirement for creative products in the cosmetics industry. Natural pigment sources like plant extracts, minerals, and even microbes are becoming more popular within the cosmetic industry. These natural pigments have the ability to create stunning hues without the usage of artificial chemicals. In addition, some businesses are working on environmentally safe and biodegradable pigments. These pigments break down more quickly when they are used, which minimizes their lasting impact on the environment.
The growth of the global cosmetics sector has significantly decreased during the COVID-19 pandemic. This is due to the fact that government-enforced lockdowns resulted in a shortage of labor, which led to the temporary shutdown of cosmetic manufacturing facilities. Businesses were also forced to cut down on staff and implement work-from-home model, which further hampered the output of cosmetic products. Numerous stores that sold cosmetics and other beauty products were forced to shut during the lockdown restrictions. In addition, during the pandemic, regulatory organizations encountered difficulties related to operations due to lack of workforce, that had an effect on the certification and licensing procedures for new pigments. The introduction of novel and cutting-edge pigments to the market was hampered by delays in regulatory approvals.
The key players profiled in this report include Merck, BASF SE, Koel Colors, Sudarshan Chemical, DIC Corporation, Sun Chemical, SENSIENT COSMETIC TECHNOLOGIES, NEELIKON, Lanxess, and Clariant. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and product launches.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cosmetic pigments market analysis from 2022 to 2032 to identify the prevailing cosmetic pigments market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cosmetic pigments market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cosmetic pigments market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Composition
- Inorganic Pigments
- Organic Pigments
By Type
- Surface Treated Pigments
- Nano Pigments
- Special Effect Pigments
- Others
By Application
- Facial Makeup
- Eye Makeup
- Lip Makeup
- Hair Dye and Hair Coloring
- Nail Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- South Africa
- Argentina
- Rest of LAMEA
- Key Market Players
- Merck
- BASF SE
- Koel Colors
- Sudarshan Chemical
- DIC Corporation
- Sun Chemical
- SENSIENT COSMETIC TECHNOLOGIES
- NEELIKON
- Lanxess
- Clariant
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COSMETIC PIGMENTS MARKET, BY COMPOSITION
CHAPTER 5: COSMETIC PIGMENTS MARKET, BY TYPE
CHAPTER 6: COSMETIC PIGMENTS MARKET, BY APPLICATION
CHAPTER 7: COSMETIC PIGMENTS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the cosmetic pigments market was valued at $2.1 billion in 2022, and is estimated to reach $4.5 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.Cosmetic pigments are used to give cosmetics and other personal care items a pleasing color and to enhance their visual appeal. Cosmetic pigments have several advantages, including durability of color, opacity & transparency, safety, and others. For cosmetic pigments to retain their intended color over time, they must be stable in various conditions, including exposure to light, heat, and chemicals. These colors must adhere to safety standards and be authorized for use on the skin and other pertinent surfaces. In addition, while certain pigments are semi-transparent or translucent, others are opaquer. The intensity of a pigment's color and its capacity to be built up in layers depend on how opaque it is.
The personal care sector has been undergoing constant change, with trends in favor of more creative and varied cosmetic products. This covers the use of diverse pigment kinds to make distinctive and individualized cosmetic goods. The goal of developing new pigment technology is to offer innovative effects, increased longevity, and better compatibility with formulations. In addition, there is a growing interest in makeup and beauty trends as a result of the expansion of social media platforms. Because of this, more customers are experimenting with different effects and colors, which is increasing demand for more distinctive pigments.
Concerns regarding the safety of cosmetic goods are growing among consumers. When pigments have undergone comprehensive testing for any potential allergic responses or skin sensitivities and have been found to be safe for use on the skin, consumers are more likely to believe in and support the development of those pigments. The growth in demand for advanced and special effect cosmetic products is causing an increase in usage of different sort of artificial as well as natural colorant, in some cases the combination of both may be reactive to the skin, thus a proper regulatory guideline is required to control the same. This would lead to different regulatory compliance & monitoring, further hampering the market revenue growth.
Consumers are more aware regarding the potential health risks associated with synthetic pigments, including allergies and skin irritations. The use of natural colors derived from minerals, plants, and animals is frequently considered to be safer than synthetic alternatives. As the importance of sustainability rises, consumers are looking for products with a lower environmental impact. Consumers that care about the environment are more likely to purchase natural pigments because they can frequently be sourced sustainably and degrade into harmless substances. This factor is expected to increase demand for organic pigment during the forecast years.
The cosmetic pigments market share is segmented on the basis of composition, type, application, and region. By composition, it is segmented into inorganic pigments and organic pigments. By type, it is classified into surface treated pigments, nano pigments, special effect pigments, and others. By application, it is segmented into facial makeup, eye makeup, lip makeup, hair dye & hair coloring, nail care, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America.
The key players profiled in the cosmetic pigments market report include Merck, BASF SE, Koel Colors, Sudarshan Chemical, DIC Corporation, Sun Chemical, SENSIENT COSMETIC TECHNOLOGIES, NEELIKON, Lanxess, and Clariant.
The report offers a comprehensive analysis of the global cosmetic pigments market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Cosmetic Pigments Market
The pandemic led to disruptions in global supply chains due to lockdowns, travel restrictions, and factory closures. This impacted the availability of raw materials, including cosmetic pigments, causing delays in production and distribution.As people focused more on skincare and self-care during the pandemic, there was a shift in consumer preferences from makeup to skincare products. This shift affected the demand for color cosmetics, including those that use cosmetic pigments.
The cosmetic industry had to adapt to new health and safety regulations, including those related to manufacturing, packaging, and distribution. This affected the production processes of cosmetic pigments and the overall formulation of cosmetic products.
Key Findings of the Study
Based on composition, the inorganic pigments sub-segment emerged as the global leader in 2022 and the organic pigments sub-segment is anticipated to be the fastest growing during the forecast period.Based on type, the surface treated pigment sub-segment emerged as the global leader in 2022 and the special effect pigment is anticipated to be the fastest growing during the forecast period.
Based on application, the facial makeup sub-segment emerged as the global leader in 2022 and the nail care sub-segment is predicted to show the fastest growth in the upcoming years.
Based on region, Asia-Pacific registered the highest market share in 2022 and is projected to maintain its position during the forecast period.
Companies Mentioned
- Merck
- BASF SE
- Koel Colors
- Sudarshan Chemical
- DIC Corporation
- Sun Chemical
- SENSIENT COSMETIC TECHNOLOGIES
- NEELIKON
- Lanxess
- Clariant
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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