Global Cosmetic Pigments and Dyes Market is Segmented By Type(Special Effect, Surface Treated, Nano), By Composition(Organic, Inorganic), By Application(Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Report analyses the Global Cosmetic Pigments and Dyes Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Personal care, Cosmetics in Asia Pacific is rising. Competitive rivalry intensifies with Sun Chemical, Sudarshan Chemical, Geotech and others operating in the market.
A pigment is a substance that can change the color of light reflected and absorbed. To produce color, light combines with a hard substance. Consider cosmetic hues, such as the vivid red in the lipstick. As their popularity grows, cosmetic pigments are increasingly employed in personal care and beauty products. Consumer awareness of the value of looking decent in personal and professional contexts will boost market expansion.
Cosmetic pigments are predicted to drive demand in the next years due to their capacity to modify personal appearances and provide consumers with a better and more appealing appearance. The adoption of changing fashion trends drives consumers worldwide to spend more money on cosmetics and personal care products. People in developing countries are expected to have higher disposable income, increasing cosmetics usage.
Market Summary
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Type, By Composition, By Application and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The market's expansion is being fueled by increasing modernity and globalization. Other indirect market growth variables include a growing shift in consumer buying preferences, an increase in R&D activities and the use of cosmetic dyes in toiletry, skincare and hair care products worldwide. Long-term market growth prospects will be created by an increasing elderly population base and increased knowledge about the grade of facial cosmetic goods such as wrinkle repair and premium lotions.
The rising income and changing lifestyle
The level of living in emerging economies such as China, India and Brazil improves as their GDP rises. The demand for cosmetic and personal care goods increases dramatically due to rising income levels and changing lifestyles brought on by urbanization. The younger age is undergoing a shift in lifestyle, driving up demand for cosmetic pigments.
Increased disposable income has resulted from increasing women's financial freedom. Women's shopping patterns have shifted as a result of this. As disposable wealth has increased, there is a growing preference for color cosmetics. The worldwide cosmetic pigments market is also growing due to changes in rural population lifestyles and the influence of western culture.
Consumer demand for environmentally friendly cosmetic and personal care ingredients
Several dangerous substances are still utilized as ingredients in cosmetics. When many cosmetic items are worn simultaneously, the chemicals may negatively affect human health and enhance the risk of health concerns. Cosmetics makers are looking for more natural and sustainable cosmetic emulsifiers due to the rising public interest and market changes in the cosmetics business.
Organic pigments, which are environmentally benign and made with sustainable processes, are in high demand. Manufacturing firms are investing in environmentally friendly technologies to access the green market. The cosmetic pigments and dyes market is developing due to the rising demand for cosmetic pigments made with natural components and organically created from renewable sources.
Stringent government regulations
Pigments and lipids are found in almost all cosmetic products. Due to government laws and environmental policies, the pigment sector is experiencing a downturn. Various pigments have been banned or regulated, including cadmium, lead sulfochromate yellow and lead chromate molybdate sulfate red. Because of the harmful effects on human health, the European Union (EU) has placed tight restrictions on cadmium pigments, lead (Pb) & its derivatives and dyes & pigments containing CMR 1 or 2 classed aromatic amines.
REACH stands for registration, evaluation, authorization & restriction of chemicals and applies to items developed and marketed in Europe. Under the Toxic Substances Control Act in U.S., the Environmental Protection Agency (EPA) has limited C.I. pigment blue 61. Restriction of Hazardous Substances (RoHS) is a Chinese regulation that bans using certain substances. Environmental laws are projected to tighten in the next years, limiting the growth of the cosmetic pigments and dyes industry.
COVID-19 Impact Analysis on Market
The COVID-19 epidemic has forced the temporary shutdown of production factories and related operations in most of the world's major economies. Furthermore, it has slowed the growth of many sectors as most countries worldwide have resorted to nationwide lockdown to contain the virus's spread. A lack of raw materials and other input resources has caused disruptions in global supply chains and hampered the beauty business's expansion.
Similarly, limited transportation, travel limitations and the suspension of manufacturing activities have affected the expansion of the cosmetic pigments market. Purchasing and usage habits have radically changed, resulting in lower sales of various beauty categories. Furthermore, certain beauty brands, such as Clarins and Estée Lauder Companies Inc, have shifted their manufacturing focus from cosmetics to sanitizers. It has impacted the cosmetic industry's overall growth, which has posed problems for companies in the cosmetic pigments and dyes market.
Market Segmentation Analysis
By application, the cosmetic pigments and dyes market is classified into facial makeup, eye makeup, lip products, nail products and hair color products.
Rising demand for facial makeup products
Owing to the increased demand for makeup products such as face powders, foundation and concealer by consumers worldwide, the facial makeup application category accounted for the largest share and is likely to dominate the cosmetic colorant market over the forecast period. The demand for facial cosmetics is fueled by increased female participation in the workforce and rising physical appearance consciousness among millennial customers.
Furthermore, the increased utilization of cosmetic pigments in facial cosmetics will likely fuel the market. It imparts a healthy glow and freshness to the skin. Recently, face makeup has seen a surge in sales for organic and herbal products, which provide natural sustenance to the skin while reducing adverse effects through creative goods, creating a potential prospect for future growth and development.
Market Geographical Share
The shifting trend towards cosmetic pigments and dyes in Europe
Due to the growing personal care and cosmetics industry, the shifting trend toward hair coloring and the growing demand for cosmetic dyes in various applications, Europe now dominates the cosmetic pigments and dyes market. Increased awareness of personal grooming & the importance of looking presentable, urbanization and global trends such as digitization, individualization and resource concern contributes to the rise of the cosmetic pigments market in Europe.
According to a Cosmetics Europe poll, roughly 33% of women find it impossible to live without foundation or concealer, 25% of males find it difficult to live without aftershave and 88% of people find it difficult to live without aftershave cosmetics.
Companies and Competitive Landscape
Product launches, mergers & acquisitions and partnerships are among the leading players' growth tactics, contributing to the global expansion of the cosmetic pigments and dyes market. Sun Chemical, for example, debuted new pigment offerings at in-cosmetics global 2019 on February 20th, 2019, that provide a cost-effective and creative approach to soft focus and glitter effects.
Major companies operating in the global market for Cosmetic Pigments and Dyes include Sun Chemical, Sensient Cosmetic Technologies, Merck, ECKART, Sudarshan Chemical, KOBO PRODUCTS, Alpha Packaging, Inc, Geotech, Venator and LAXNESS AG.
Lanxess AG
Overview: Lanxess AG, situated in Cologne, Germany, is a specialty chemical company formed in 2004. The company employs around 14,400 people in 33 countries on the global market. With annual sales of roughly US$ 8.1 billion, the Company's major goal is to create, develop and market chemical intermediates, additives, specialty chemicals and plastics (2019). Advanced intermediates, specialized additives, consumer protection and engineering materials are among the company's four segments.
Product Portfolio: Lewatit Regler ZL, Nigrosin Lacquer Black H, Special Black HF and Special Bottom 50 UD are among the cosmetic pigments and dyes offered by the company.
Key Development: Lanxess Specialty Chemicals Company developed a comprehensive spectrum of iron oxide red pigments on March 11th, 2017. The New Red pigments created by the Ningbo Process have been successfully introduced by the Inorganic Pigments (IPG) business unit. In addition, the company intended to increase the global production of synthetic iron oxide pigments to meet rising demand, particularly in the paints and coatings business. The Company's red and black pigment capacity in Krefeld-Uerdingen, Germany, is 280,000 tonnes per year and will be increased to around 23,000 tonnes per year by 2019.
