The global cosmetic pigments market size was worth around USD 650 million in 2021 and is predicted to grow to around USD 1354 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2030.
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➤ Cosmetic pigments are in high demand because to their widespread use in beauty and personal care products.
Shine, shimmer, and a lustre that is both intense and dazzling are characteristics of cosmetic pigments. Colorful, colorless, or glowing pigment particles are what we’re dealing with here. You can use finely powdered components that are either biological or inorganic. In most cases, they remain chemically unchanged and insoluble in the media into which they are introduced.
➤ Preserving the quality of the cosmetic pigments utilized in mass-produced goods
The increasing demand for goods related to color cosmetics is driving growth in the cosmetic pigments market. Cosmetic pigment manufacturers confront a significant challenge in maintaining the quality of pigments used in mass-market items such as lip color, nail paints, and eye makeup. Despite the high production numbers, the quality of these products can occasionally disappoint buyers. Thus, it will play a significant role in limiting the expansion of the worldwide cosmetic pigments market during the predicted timeframe.
➤ Cosmetics and personal care products made with eco-friendly and sustainably sourced components are seeing a surge in demand, which might lead to a profitable market shift.
Makeup pigments employ a number of potentially harmful chemicals that are known to the general public. Rising consumer demand and government regulations have both contributed to the development of emulsifiers that are more natural and cosmetic. Therefore, there is a growing demand for eco-friendly organic pigments in the market. Producers of consumer goods are putting money into green marketing and using sustainable technology. Numerous growth prospects exist in the naturally occurring cosmetic pigments market.
➤ Stringent regulations on the application of specific pigments
Cosmetic pigment manufacturers are subject to stringent regulations that govern the sale of cosmetics. There are a lot of rules about what products can and cannot have in their labels, packaging, and manufacturing processes. Strict enforcement of these rules is guaranteed in North America and Europe. As awareness of environmental and health issues grows, a like trend is taking root in other regions.
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The Global Cosmetic Pigments Market is segmented based on product, application and region
Global Cosmetic Pigments Market: Product Segment Analysis
● Special Effect Pigments
● Surface Treated Pigments
● Nano Pigments
● Natural Colorants
● Others
Global Cosmetic Pigments Market: Application Segment Analysis
● Facial Makeup
● Eye Makeup
● Lip Products
● Nail Products
● Hair Color Products
● Special Effect & Special Purpose Products
● Others
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The global Cosmetic Pigments market profiles key players such as:
● Merck KGaA
● BASF SE
● Sun Chemical
● Altana
● Sensient Cosmetic Technologies
● Sudarshan Chemical Industries Limited
● Clariant
● LANXESS
● Venator Materials PLC
● GEOTECH
● Koel Colours Pvt. Ltd.
● Yipin Pigments
● NIHON KOKEN KOGYO CO.,LTD.
● Ferro Corporation
● Dayglo Color Corp
● Elemental SRL
● Kolortek Co. Ltd
● Sandream Impact LLC
???? New Information:
• In July 2021, DIC Corp.’s Sun Chemical (BCE) subsidiary bought BASF Colors & Effects, the global pigments branch of BASF. Through the merger, the two companies will be able to better serve their global clientele by leveraging their complementary product lines, production capabilities, supply chains, customer service, and technology.
• A long-term strategic alliance in the field of personalized personal care products was launched in January 2019 by BASF and B2B Cosmetics. Assisting BASF in bringing particular expertise in personal care products is the personalization system, which is offered by B2B Cosmetics under the name Emuage technology. Users of the Emuage technology can create their own unique personal care items by picking out capsules, inserting them into the machine, and then getting the finished result. Partnerships like these allow businesses to bring cutting-edge technologies to consumers.
➤ For the foreseeable future, the European market will be the most important.
Throughout the projected timeframe, the cosmetic pigments market in Europe is anticipated to hold the largest share worldwide. Using state-of-the-art technology, such as pigment dispersion and surface modification, European cosmetics and personal care product producers produce high-quality goods. Luxury cosmetics and personal care items are fueling growth in this region’s cosmetic pigments market. Customers’ discretionary money is expected to rise, driving the cosmetic pigments market in these locations.
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