Cosmetic Pigments Market to Reach Valuation of USD 936.5 Million by 2028 – Growth in Need for Cosmetic Pigments on Cosmetic & Personal Care Products Drives the Market

In terms of revenue, the Global Cosmetic Pigments Market is expected to reach USD 936.5 Million by 2028, growing at a CAGR (Compound Annual Growth Rate) of 7.80% from 2022 to 2028.

The market for Cosmetic Pigments is expanding due to an increase in the use of these pigments in personal care and grooming products. Other factors boosting the worldwide Cosmetic Pigments Market include rising consumer awareness of the need to be more presentable in personal and professional settings. Therefore, the potential of Cosmetic Pigments to improve consumer appearance and offer them a better and more presentable look is projected to increase demand for Cosmetic Pigments in the upcoming years. Furthermore, consumers are compelled to spend more money on cosmetic and personal care items as they become more accepting of the evolving fashion trends worldwide. In addition, the demand for cosmetic products from developing economies is anticipated to increase as people's disposable incomes rise in those areas.

Key Highlights from Report

· Among Elemental Composition, the Inorganic Pigments Cosmetic Pigments Market segment is anticipated to dominate the Cosmetic Pigments Market with the largest market share in the forecast period. Because it is expansively used in all Cosmetic Pigments and contains metal oxides that provide opacity and lighten other colors.

· By Application, the Facial Makeup market segment accounted for the maximum CAGR during the forecast period. This is due to the extensive use of pigments in foundations.

· In terms of region, Asia Pacific holds the most market share and is anticipated to be the market with the highest growth throughout the projection period. One of the main drivers of the demand for the market for the Asia Pacific Cosmetic Pigments is the changing lifestyles and the desire for high-quality cosmetic and personal care products.

Market Dynamics

Significant reasons, including the expansion of specialized applications using Cosmetic Pigments globally, together with the effective and superior features of Cosmetic Pigments, can be attributed to the rise of the global market for Cosmetic Pigments. Moreover, the youthful population is undergoing a significant lifestyle change, increasing the demand for Cosmetic Pigments. Another critical aspect supporting the Cosmetic Pigments industry is the massive demand for cosmetic and personal care products due to rising income levels and altering lifestyles brought on by urbanization.

Due to the growing public interest and market trends in cosmetics, cosmetics producers are searching for more natural and environmentally friendly cosmetic emulsifiers. Furthermore, organic pigments are in high demand because they are manufactured with environmentally safe and sustainable processes. Therefore, players in the Cosmetic Pigments Market have an opportunity due to the rising demand for Cosmetic Pigments formulated with natural components generated organically from renewable raw resources. As a result, manufacturing enterprises embrace environmentally friendly technologies and invest in the green market.

However, the strict guidelines established by governing bodies of many nations on the use of color pigments in cosmetics could impede market expansion.

Asia Pacific Cosmetic Pigments Market is expected to witness a noteworthy development with a major growth rate over the analysis period. The Asia Pacific cosmetics and personal care market is expanding quickly due to rising personal wealth. In this area, the desire for high-quality cosmetic and personal care goods, as well as a changing lifestyle, is driving the Cosmetic Pigments Market. In addition, the need for cosmetics would increase due to the expanding fashion and entertainment sectors, driving the regional market for Cosmetic Pigments. Furthermore, as the GDP of growing economies like China, India, and Brazil increases, so does the standard of living there.

The Global Cosmetic Pigments Market is Segmented as follows

• Elemental Compositions
  • Inorganic Pigments
  • Organic Pigments
• Types
  • Special Effect Pigments
  • Surface-trated Pigments
  • Nano Pigments
  • Natural Colorants
• Applications
  • Facial Makeup
  • Eye Makeup
  • Lip Products
  • Nail Products
  • Hair Color Products
  • Special effect & Special Purpose Products
  • Other Applications
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Cosmetic Pigments Market is

BASF SE (Germany), Sensient Technologies (US), Sudarshan Chemicals (India), Huntsman International LLC (US), Lanxess (Germany), Sun Chemical (Japan ), Koel Colors Private Limited (India), Neelikon Food Dyes & Chemicals Limited (India), Merck (US), LI Pigments (US)

The Global Cosmetic Pigments Market Scope can be Tabulated as below