Global Cosmetic Pigments Market Outlook 2023-2032


Posted November 28, 2023 by amolss

he rising demand for essential cosmetic products, including foundations and compacts, is expected to propel market growth.

 
Allied Market Research recently released a report titled "Cosmetic Pigments Market," providing a comprehensive analysis of the industry. The global cosmetic pigments market, valued at $2.1 billion in 2022, is projected to reach $4.5 billion by 2032, with a notable CAGR of 7.8% from 2023 to 2032.

Key Growth Drivers: The rising demand for essential cosmetic products, including foundations and compacts, is expected to propel market growth. However, stringent regulations limiting certain cosmetic pigments may pose challenges. On the positive side, consumer preference for eco-friendly and sustainably produced compounds in cosmetics presents lucrative opportunities.

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Report Highlights:

Forecast Period: 2023–2032
Base Year: 2022
Market Size (2022): $2.1 billion
Market Size (2032): $4.5 billion
CAGR: 7.8%
No. of Pages: 295
Segments Covered: Composition, Type, Application, and Region
COVID-19 Impact: The pandemic disrupted global supply chains, affecting the availability and delivery of cosmetics and raw materials. Cosmetic pigment firms faced operational challenges and manufacturing delays. Lockdowns led to temporary closures or limited operations of cosmetic stores, impacting cosmetic sales. E-commerce emerged as a vital channel for sales, benefiting brands with a strong online presence.

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Market Segmentation:

Composition: Inorganic Pigments

Sub-segment held 63.9% share in 2022 and is expected to dominate, known for stability and safety.
Type: Surface Treated Pigments

Sub-segment held 42.3% share in 2022, projected to dominate due to protection against deterioration.
Application: Facial Makeup

Sub-segment held 38.8% share in 2022 and is anticipated to dominate, driven by increased demand for core cosmetic products.
Region: Asia-Pacific

Accounted for 41.4% share in 2022, expected to lead globally, driven by the region's significant use of skin-whitening procedures.
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Leading Players:

Merck
Sun Chemical
SENSIENT COSMETIC TECHNOLOGIES
BASF SE
DIC Corporation
NEELIKON
Lanxess
Sudarshan Chemical
Clariant
Koel Colors
Competitive Landscape: Key players have adopted various strategies, including new product launches, collaborations, expansions, joint ventures, and agreements to enhance their market share and dominance.
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Issued By Amol Shinde
Business Address pune
Country India
Categories Beauty
Tags cosmetic pigments market size , cosmetic pigments market share , cosmetic pigments market , cosmetic pigments market growth , cosmetic pigments market demand
Last Updated November 28, 2023