“Increasing demand for cosmetic pigments in cosmetic and personal care applications.”
The cosmetic pigments market is expected to grow from USD 550.3 million in 2017 to USD 790.0 million by 2022, at a CAGR of 7.5% between 2017 and 2022. The demand for cosmetic products that match the skin tone of consumers is rising with increasing product differentiation in the cosmetic & personal care industry. Furthermore, the demand for cosmetic pigments is increasing in emerging economies such as India, China, and Brazil. The rapid increase in the demand for cosmetic and beauty products is fueling the use of cosmetic pigments in cosmetic products, which is driving the market growth. The cosmetic pigments market is subjected to stringent regulations, especially in Europe and North America. The US Food and Drug Administration (FDA) has imposed regulations on color additives and pigments used in cosmetic products. These regulatory restrictions are limiting the growth of the cosmetic pigments market.
“Facial makeup is the largest and fastest growing application segment of the cosmetic pigments market.”
Cosmetic pigments are widely used in facial makeup. Facial makeup was the largest and the fastest growing application segment of the cosmetic pigments market in 2016. Facial makeup consists of products such as foundation, blushers, face bronzing lotions, creams & powders, loose & pressed powders, and mineral powders, which are used to enhance facial features. Cosmetic pigments are used in facial makeup applications where titanium dioxide is used to add bright colors in cosmetic products such as foundations, blushers, and powders. The increase in demand for root makeup products such as foundations and face powders is expected to drive the cosmetic pigments market in facial makeup.
“Rising demand for premium skin and hair care products in Asia Pacific is driving the cosmetic pigments market in the region.”
Asia Pacific is expected to be the fastest-growing market for cosmetic pigments during the forecast period. This growth can be attributed to the easy availability of raw materials used for the manufacturing of these pigments. The cosmetics & personal care industry in APAC allows cosmetic pigments manufacturers into the region, owing to factors such as low-cost manufacturing and the growing middle-class population in China, South Korea, and India. Consumers in these countries are moving to premium skin and hair care as well as color cosmetics, thus, allowing a wide range of US-based cosmetic pigment imports.
The breakdown of primary interviews is given below:
• By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
• By Designation: C Level - 54%, D Level - 31%, and Others - 15%
• By Region: North America - 23%, Europe - 31%, Asia Pacific - 38%, and RoW - 8%
The report also provides company profiles and details competitive strategies adopted by the major market players such as Sun Chemical (US), Sensient Cosmetic Technologies (France), Sudarshan Chemical (India), Merck Performance Materials (US), and BASF (Germany).
The market is segmented based on elemental composition, type, application, and region. This report covers the cosmetic pigments market, in terms of value and volume, and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the cosmetic pigments market.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1. The report segments the cosmetic pigments market comprehensively and provides the closest approximations of the revenue for the overall market and subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, and opportunities.
3. The report helps stakeholders understand their competitors better and gain additional insights into the business. The competitive landscape section includes expansions, new product developments, partnerships & collaborations, and mergers & acquisitions.