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The cosmetic pigments market share is expected to increase by USD 318.38 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.1%.
This cosmetic pigments market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cosmetic pigments market segmentations by application (facial makeup, eye makeup, lip products, nail products, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The cosmetic pigments market report also offers information on several market vendors, including Carl Schlenk AG, Clariant International Ltd., Couleurs de Plantes, ECKART GmbH, Elemental SRL, Geotech International B.V., Kobo Products Inc., Koel Colours Pvt Ltd., LANXESS AG, LI PIGMENTS, Merck KGaA, Neelikon Food Dyes and Chemicals Ltd., NIHON KOKEN KOGYO CO. LTD., RPM International Inc., Sensient Cosmetic Technologies, Shanghai Orcheer Pigment Technology Co., Ltd., Sudarshan Chemical Industries Ltd., Venator Materials Plc, Yipin USA INC., and DIC Corp among others.
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The increasing income and changing lifestyles is notably driving the cosmetic pigments market growth, although factors such as stringent regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cosmetic pigments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cosmetic Pigments Market Driver
The increasing income and changing lifestyles is a major factor driving the global cosmetic pigments market share growth. The rising GDP of emerging economies such as China, India, and Brazil is raising the living standards in these nations. The demand for cosmetic and personal care products is increasing significantly as a result of rising income levels and changing lifestyles driven by modernization. The standard of life of the younger generation (aged between 18-30 years) is changing, which contributes to the demand for cosmetic pigments. Moreover, increasing financial independence among women has resulted in higher disposable income, which has led to a shift in women's purchasing patterns. With an increase in disposable income, color cosmetics are gaining popularity among these women as disposable income rises, making them more affordable. Changes in rural population lifestyles, along with the influence of Western culture, are also fueling the global expansion of the global cosmetic pigments market.
Key Cosmetic Pigments Market Trend
The growing consolidation in global cosmetic ingredients market is another factor supporting the global cosmetic pigments market share growth. The global cosmetic ingredients market has witnessed a considerable increase in M and A activity over the last few years. Established international vendors such as Evonik are engaging in significant M and A activity over the last few years and are expected to expand their shares in the global cosmetic ingredients market during the forecast period, resulting in increased demand for cosmetic pigments during the forecast period. For instance, in June 2021, Evonik acquired Infinitec Activos, which deals with the development and manufacturing of novel active delivery systems for cosmetic active ingredient applications. The acquisition will help Evonik to expand its cosmetic portfolio by innovating new cosmetic ingredients. Therefore, such factors are expected to fuel the demand for cosmetic ingredients, fostering the growth of the global cosmetic pigments market during the forecast period.
Key Cosmetic Pigments Market Challenge
The stringent regulations are a major challenge for the global cosmetic pigments market share growth during the forecast period. Cosmetic pigment makers must adhere to strict cosmetics product standards. There are several standards governing the specification of labeling, packaging, and the substances used in the production of these items. These regulations are particularly strict in Europe and North America due to the rising health and environmental consciousness. Color additives and pigments used in cosmetic applications are subject to rules established by the US Food and Drug Administration (FDA). The European Union (EU) also enforces controls on potentially dangerous pigments or dyes such as cadmium pigments and lead (Pb) and its derivatives because of the environmental concerns associated with their usage. These regulations limit the manufacturing of cosmetic pigments, which has a substantial impact on their pricing. Furthermore, the availability of cosmetic pigments is limited due to the rigorous restrictions governing the manufacture of these pigments. Such factors hinder the expansion of the global cosmetic pigments market during the forecast period.
This cosmetic pigments market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cosmetic pigments market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cosmetic pigments market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the cosmetic pigments market encompasses successful business strategies deployed by the key vendors. The cosmetic pigments market is fragmented and the vendors are deploying organic and inorganic growth strategies such to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cosmetic pigments market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cosmetic pigments market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market’s growth will originate from APAC during the forecast period. US, Canada, China, India, and Germany are the key markets for cosmetic pigments market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of a large aging population will facilitate the cosmetic pigments market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic hindered the growth of the cosmetic pigments market in the region in 2020, owing to the imposition of either total or partial lockdowns that led to the closing of saloons and spas in this region. In addition, several events and ceremonies were postponed across APAC, which led to a decline in the demand for branded cosmetic products in the offline segment during the first two quarters of 2020.
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The cosmetic pigments market share growth in the segments facial makeup segment will be significant during the forecast period. The increased demand for foundations and face powders, among other essential cosmetic products, drives the growth of the facial makeup segment in the focused segment. Cosmetic pigments, which incorporate titanium dioxide and Mica, are used to boost facial brightness and are mainly used in facial cosmetic products such as foundations, blushers, and powders.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cosmetic pigments market size and actionable market insights on the post-COVID-19 impact on each segment.
Cosmetic Pigments Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
Market growth 2022-2026 |
$ 318.38 million |
Market structure |
Fragmented |
YoY growth (%) |
7.1 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Carl Schlenk AG, Clariant International Ltd., Couleurs de Plantes, ECKART GmbH, Elemental SRL, Geotech International B.V., Kobo Products Inc., Koel Colours Pvt Ltd., LANXESS AG, LI PIGMENTS, Merck KGaA, Neelikon Food Dyes and Chemicals Ltd., NIHON KOKEN KOGYO CO. LTD., RPM International Inc., Sensient Cosmetic Technologies, Shanghai Orcheer Pigment Technology Co., Ltd., Sudarshan Chemical Industries Ltd., Venator Materials Plc, Yipin USA INC., and DIC Corp |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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