Global Cosmetic Pigments Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2020- 2028
Bio-pigments offer significant growth opportunities for cosmetic pigment companies
Growing health awareness coupled with increasing preference for bio based ingredients in cosmetics and personal care industries is set to drive the global market for bio-pigments. Bio based pigments with almost similar value proposition and other functionalities and less environmental impact are widely marketed. Use of bio pigments offers significant benefits to the environment through reduction of carbon footprint. However, as cosmetics are sold in large quantities, sourcing raw materials for such mass scale production while maintaining high quality standards can be challenging for companies. For instance, sourcing aromatic pigments can involve significant challenges. Despite these challenges, strong consumer orientation for natural pigments will support the adoption of bio-pigments in cosmetics industry.
Inorganic pigments, predominantly, titanium dioxide dominates the global cosmetic pigments market
Titanium dioxide is the largest inorganic pigment used in the cosmetic manufacturing industry. iron oxide, cadmium sulfides and other inorganic pigments are also set to witness strong growth over the forecast period, predominantly driven by the wide availability of colors in the inorganic pigments category is much more than the organic pigments. Further, as inorganic pigments are easier to disperse, they find wide applications in the cosmetics industry.
Global Cosmetic Pigments Market by Applications- Face Make-Up, Eye Make-up, lip-makeup, nail make-up, hair color, others
Bio-pigments offer significant growth opportunities for cosmetic pigment companies
Growing health awareness coupled with increasing preference for bio based ingredients in cosmetics and personal care industries is set to drive the global market for bio-pigments. Bio based pigments with almost similar value proposition and other functionalities and less environmental impact are widely marketed. Use of bio pigments offers significant benefits to the environment through reduction of carbon footprint. However, as cosmetics are sold in large quantities, sourcing raw materials for such mass scale production while maintaining high quality standards can be challenging for companies. For instance, sourcing aromatic pigments can involve significant challenges. Despite these challenges, strong consumer orientation for natural pigments will support the adoption of bio-pigments in cosmetics industry.
Inorganic pigments, predominantly, titanium dioxide dominates the global cosmetic pigments market
Titanium dioxide is the largest inorganic pigment used in the cosmetic manufacturing industry. iron oxide, cadmium sulfides and other inorganic pigments are also set to witness strong growth over the forecast period, predominantly driven by the wide availability of colors in the inorganic pigments category is much more than the organic pigments. Further, as inorganic pigments are easier to disperse, they find wide applications in the cosmetics industry.
Cosmetic pigments Market recovery in early 2022 though uncertainty prevails until the COVID-19 situation is resolved
Altana, DIC group, ACC specialty chemicals and other companies reported significant declines in their revenues including the pigment business. The global cosmetic pigments market is one of the significantly affected markets in specialty chemicals industry worldwide. With lockdown restrictions, supply chain disruptions and cautious spending behavior of consumers, the sales of cosmetic ingredients have declined significantly during the pandemic period.
During the early 2021, a recovery in shipments of pigments for cosmetics was anticipated but the recovery has been delayed for most companies due to restrictions on movement. Further, mask wearing also had a negative impact on the recovery.
However, with ongoing vaccination drive, recovery in business operations and consumer confidence, we anticipate the recovery in cosmetic pigments industry from late 2021 or early 2022.
Face makeup and Eye makeup dominate the global cosmetic pigment markets
The global cosmetic pigments are supplied predominantly to face makeup companies and eye makeup companies. Less than half of the global market size is held by these two application segments. Further, lip makeup, hair makeup, nail makeup and others are also likely to witness significant market growth in the post COVID-19 recovery scenario.
Increasing disposable incomes of individuals, growing working class women, rapid urbanization and preference towards fashion lifestyle will drive the market for global cosmetic pigments.
Strong potential for cosmetic and other pigments is encouraging rapid expansion plans of leading companies such as DIC group. The company acquired pigments business of BASF SE in August 2021. DIC Corp. partnered with Debut Biotechnology (San Diego, California) to develop pigments for food colorants and cosmetics industries.
Cosmetic Pigments Market Report Segmentation
Types
Organic
Inorganic
Applications
Face Makeup
Eye Makeup
Lip Makeup
Nail Makeup
Hair Color
Others
Companies
Clariant
Merck
Sensient Cosmetic Technologies
Lanxess
Geotech
Sun Chemical
ECKART
Kobo Products
Cosmetic Pigments Market
Types
Organic
Inorganic
Applications
Face Makeup
Eye Makeup
Lip Makeup
Nail Makeup
Hair Color
Others