Cosmetic pigments Market Research Report: Information Based on By Type (Special Effect Pigments, Surface Treated Pigments, Nano Pigments, Natural Colorants), By Application ( Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Colour Products, Special effect & Special Purpose Products, Others ), By Element composition Type(Inorganic and Organic Pigments), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Cosmetic pigments Market is predicted to reach approximately USD 1,278 million by 2031, at a CAGR of 6.92% from 2022 to 2031.
Cosmetic pigments provide a distinct blend of high gloss and matte texture, catering to a wide range of preferences. These pigments are available in a variety of catalogues, including white pigments, metallic shades, and both natural and lustrous hues. The aesthetic attractiveness of these compositions is substantially increased by adding them into beauty items such as lipsticks and eye shadows. The growing importance of the fashion and entertainment industries is likely to fuel demand for cosmetic pigments, which continue to play an important role in these industries.
Cosmetic pigments Market REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
USD 748 million |
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Projected Market Value (2031) |
USD 1,278 million |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on Type, By Application Type, By Element composition Type & Region. |
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Segments Covered |
By Type, By Application Type, By Element composition Type & Region. |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Cosmetic pigments Market Dynamics
The cosmetic pigments market is driven by factors such as increased consumer demand for innovative and visually appealing cosmetic products. Growing awareness towards natural and sustainable ingredients is also contributing to market growth. However, the market may face challenges due to stringent regulations on cosmetic ingredients and concerns regarding the safety and toxicity of certain pigments. Overall, the market is expected to grow due to the rising demand for organic and sustainable cosmetic products.
Cosmetic pigments Market Drivers
Cosmetic pigments are widely used in a variety of cosmetic and personal care goods, including facial makeup, lip products, nail products, and eye makeup. Their allure stems from their capacity to provide a radiant and dazzling effect on the end products, imparting brightness, gloss, and shimmer. Pearlescent pigments are popular in facial cosmetics because of their ability to cover imperfections and achieve an even skin tone. The beauty industry's growing emphasis on product differentiation and catering to various skin tones has increased demand for cosmetic pigments. Furthermore, cosmetic companies are continuously inventing new and brighter colours to produce fascinating effects in lipsticks and lip glosses, which is increasing the need for bright colours.
The cosmetic pigments market is hampered by stringent regulatory regulations. Colour additives and pigment manufacturers must follow rules governing packaging, labelling, and ingredient requirements. Developed regions have extremely tight laws, such as prior approval systems and bans on environmentally hazardous pigments. These restrictions present difficulties in terms of compliance, testing, and formulation changes. The complex regulatory environment can stifle product innovation, raise production costs, and stifle market expansion. Manufacturers must handle these constraints while preserving compliance, quality, and consumer preferences.
Increased public interest and government regulations are driving a transition in the cosmetics sector towards natural and sustainable cosmetic emulsifiers. As a result of this trend, there is an increasing need for environmentally safe and sustainable organic pigments. To accommodate this need, manufacturers are aggressively investing in the green market and implementing sustainable technology. This trend creates considerable potential opportunities for cosmetic pigments market participants. As consumer preferences shift towards organically produced cosmetic pigments, industry players who prioritise sustainability and provide eco-friendly alternatives will be well-positioned to capitalise on this expanding demand.
Segment Overview
By Type
The cosmetic pigments market can be segmented based on type, including special effect pigments, surface treated pigments, nano pigments, and natural colorants. Special effect pigments are widely used to create unique visual effects and textures in cosmetic products. Surface treated pigments undergo specific treatments to enhance their properties, such as better dispersion and adhesion. Nano pigments are characterized by their small particle size, providing enhanced color intensity. Natural colorants are derived from natural sources and offer a sustainable and eco-friendly alternative for cosmetic formulations.
By Application Type
The cosmetic pigments market includes a wide range of application kinds, including facial makeup, nail goods, eye makeup, lip products, hair colour products, special effects, and special uses. Among these uses, facial cosmetics is expected to increase at the fastest rate. The rising demand for root makeup items such as face powders, foundations, and blushers is expected to drive the market in this category. This spike in demand emphasises the importance of cosmetic pigments in generating appealing and high-quality facial makeup products, emphasising the potential for significant growth in the cosmetic pigments market's facial makeup segment.
By Element composition Type
Based on elemental composition, the cosmetic pigments market is segmented into inorganic and organic pigments. During the projected period, inorganic pigments such as titanium oxide, iron oxide, chromium oxide, and mica are expected to dominate the market. These metal compounds are in high demand, particularly in premium and luxury cosmetics. Inorganic pigments' growing popularity can be linked to their appealing qualities and use in high-end cosmetics. As a result, demand for inorganic pigments is increasing, cementing their position as a substantial contributor to the cosmetic pigments market.
Cosmetic pigments Market Overview by Region
Asia-Pacific
Asia Pacific is predicted to lead the global market for cosmetic pigments, owing to increased demand from nations such as China, India, and Japan. This region has enormous growth potential due to factors such as changing consumer lifestyles, rising disposable incomes, and the availability of low-cost labour. With rising awareness and preference for cosmetic products, demand for cosmetic pigments is expected to expand in Asia Pacific. The region's varied and rising customer base, combined with favourable market conditions, puts it as an important market for cosmetic pigments in the next years.
North America
North America has a sizable market share in the cosmetic pigments sector. Both organic and inorganic pigments are widely used in grooming and beauty products, fuelling demand for cosmetic pigments in the region. These pigments are critical in giving brilliant colours in cosmetics. The growing number of manufacturers in the region, notably for lipstick production, is likely to drive additional market expansion for cosmetic pigments. These factors all contribute to the bright outlook and growth potential of the North American cosmetic pigments market.
Cosmetic pigments Market Competitive Landscape
The major players in the market are, Kobo Products, Sun Chemical, Geotech, Merck, Clariant, Sudarshan, Sensient Cosmetic Technologies, and ECKART.
Companies in the cosmetics pigments market have implemented a range of growth strategies to solidify their market position. These leading players have pursued both organic and inorganic strategies to strengthen their foothold in the industry. Expansion has been a prominent growth approach adopted by these companies to cater to the increasing demand for cosmetic pigments in emerging economies and enhance their regional presence. By adopting these strategic measures, the companies aim to meet the evolving needs of the market and position themselves as key players in the cosmetics pigments industry.
Cosmetic pigments Market Recent Developments
In June 2021,
DIC Corporation completed the acquisition of BASF Colors & Effects (BCE), BASF's global pigments business. This strategic move enables DIC to establish a strong global presence in the cosmetic pigments market and diversify its product portfolio.
Scope of Cosmetic pigments Market Report
Cosmetic pigments Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Type |
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By Application Type |
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By Element composition Type |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
