Cosmetic Pigments Market Statistics, Size Will Hit $4.5 Billion By 2032 | Growth With Recent Trends & Demand


Posted November 1, 2023 by rushikeshsonar

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.

 
According to a new report published by Allied Market Research, titled, “Cosmetic Pigments Market," The cosmetic pigments market size 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.

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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 cosmetic pigments industry revenue growth.

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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 analysis include Merck, BASF SE, Koel Colors, Sudarshan Chemical, DIC Corporation, Sun Chemical, SENSIENT COSMETIC TECHNOLOGIES, NEELIKON, Lanxess, and Clariant.

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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.
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FREQUENTLY ASKED QUESTIONS?
Q1. What are the driving factors and opportunities in the global cosmetic pigments market?
Answer: The cosmetic pigments market size is expected to grow due to an increase in demand for cosmetic products globally. In addition, the market is driven by growth in the development of new and more effective cosmetic and personal care products.

Q2. What are the key growth strategies of the global cosmetic pigments market players?
Answer: The major growth strategies adopted by the cosmetic pigments market players are product launches and partnership agreements.

Q3. Which region will provide more business opportunities for the global cosmetic pigments market in the future?
Answer: Asia-Pacific will provide more business opportunities for the global cosmetic pigments market in the future.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Issued By Rushikesh Sonar
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David Correa
Country India
Categories Baby , Fashion , Lifestyle
Tags cosmetic pigments size , cosmetic pigments share , cosmetic pigments trends , cosmetic pigments analysis , cosmetic pigments market , cosmetic pigments growth , cosmetic pigments application , cosmetic pigments technology
Last Updated November 1, 2023