Market Size of Cosmetic Pigments Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.01 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cosmetics Pigment Market Analysis
The Cosmetic Pigments market is estimated at USD 0.86 billion currently and is expected to reach USD 1.15 billion over the forecast period, registering a CAGR of over 6% during the forecast period.
The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, the increasing demand for cosmetics products in the Asia-Pacific region and the rapidly growing demand for organic pigments are some of the factors driving the growth of the market studied.
- On the flip side, new medical technologies for beauty enhancement are expected to hinder the growth of the market.
- However, the rising demand for organically produced cosmetic pigments is anticipated to provide numerous opportunities over the forecast period.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, Japan, and South Korea.
Cosmetics Pigment Industry Segmentation
Cosmetic pigments are colorants that are safe to use for cosmetic products. They are used for their opaque color coverage, making their use particularly suitable in various cosmetics products. The cosmetic pigment market is segmented based on application and composition. By application, the market is segmented into facial makeup, lip products, hair color products, eye makeup, and other applications. By composition, the market is segmented into inorganic and organic. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD) for all the above segments.
| Application | |
| Facial Makeup | |
| Lip Products | |
| Hair Colour Products | |
| Eye Makeup | |
| Other Applications |
| Composition | |
| Inorganic | |
| Organic |
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Cosmetic Pigments Market Size Summary
The cosmetic pigments market is experiencing a resurgence following the challenges posed by the COVID-19 pandemic, which had disrupted manufacturing and supply chains. The market is poised for growth, driven by increasing demand for cosmetic products, particularly in the Asia-Pacific region, where countries like China, India, Japan, and South Korea are leading consumers. The shift towards organic pigments is also contributing to market expansion, offering new opportunities despite the potential hindrance from emerging medical technologies for beauty enhancement. Inorganic pigments, known for their stability and resistance to light and heat, are expected to dominate the market due to their widespread use in cosmetic manufacturing.
The Asia-Pacific region is the largest and fastest-growing market for cosmetic pigments, with significant consumption in China and Japan. The region's dominance is supported by rising cosmetic production capacities and increasing demand in both urban and emerging markets. The Indian beauty and personal care market is also expanding, driven by skincare and cosmetics, which is expected to boost the demand for cosmetic pigments. The market is partially consolidated, with key players like DIC Corporation, ALTANA AG, and Merck KGaA leading the industry. These factors collectively contribute to the robust growth trajectory of the cosmetic pigments market over the forecast period.
Cosmetic Pigments Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand for Cosmetic Products in the Asia-Pacific Region
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1.1.2 Rapidly Growing Demand for Organic Pigments
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 New Medical Technologies for Beauty Enhancement
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1.2.2 Straight Regulations Pertaining to the Use of Certain Pigments
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Application
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2.1.1 Facial Makeup
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2.1.2 Lip Products
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2.1.3 Hair Colour Products
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2.1.4 Eye Makeup
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2.1.5 Other Applications
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2.2 Composition
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2.2.1 Inorganic
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2.2.2 Organic
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Cosmetic Pigments Market Size FAQs
What is the current Cosmetic Pigments Market size?
The Cosmetic Pigments Market is projected to register a CAGR of 6.01% during the forecast period (2024-2029)
Who are the key players in Cosmetic Pigments Market?
DIC Corporation, ALTANA AG, Merck KGaA, Venator Materials PLC. and Fujian Kuncai Material Technology Co., Ltd. are the major companies operating in the Cosmetic Pigments Market.
