Cosmetic Pigments Market Analysis

Cosmetic Pigments Market Analysis

The cosmetic pigments market analysis is segmented by elemental composition into organic pigments and inorganic pigments. Organic pigments accounted for a revenue of USD 470.8 Million. The transition in consumer preferences towards the use of dark and vivid colors coupled with the reduced environmental impact is likely to raise the demand for organic cosmetic pigments in the years to come.
 

Consumers are preferring bright and vibrant colors in cosmetics, particularly in nail polish, eye lashes and lipsticks, which is likely to raise the demand for organic pigments in the near future. India is expected to be the second-largest market in terms of demand for organic pigments. India has dominated in the green and blue color segments.
 

Lakes segment is expected to reach over USD 200 million by 2026 growing at a CAGR of over 7.0% throughout the forecast period. The demand for lakes is expected to raise in the coming years on count of its high stability, adaptability and flexibility coupled with its property of not bleeding easily. Besides, it can be easily combined and mixed with cosmetic oils and are available in different color concentrations, which may increase its acceptability among consumers.
 

Global Cosmetic Pigments markets by product is bifurcated into surface treated pigments and natural colorants, nano pigments and special effect pigments. The surface treated pigments were valued at over USD 200 million in 2019 and is expected to grow at a CAGR of over 4.5% between 2020 and 2026. Improved stability, wearability, and feel is likely to raise the demand for surface treated pigments in cosmetic applications.
 

Besides, surface treated pigments ensure a long-lasting makeup with desirable characteristics such as resistance to high temperatures and kiss resistance, so they don’t smudge on contact. This is expected to further raise the cosmetic pigments market demand. Surface treating pigments such as silicon, metal soap, and amino acids add value both to the pigments themselves and to the final formulations of products such as eyeshadow, foundations, mascara or other makeup products.
 

Based on application, cosmetic pigments market is divided into facial makeup, eye makeup, lip acre, hair care products, nail care and others. Increasing use of makeup demands an increasing use of foundation, which acts like a base for any makeup to stay intact for a longer time. The availability of foundations in different coverage ranges such as lighter coverage and full coverage depending on the facial skin type further aids in consumer convenience during usage. The ability of foundations to get the face rid of all the blemishes, even out the skin tone and give the face an instant uplift is expected to make it an ideal fit for several women as a makeup base.
 

The ability of a blusher to add a natural glow to the skin as well as add contours to the face is likely to raise the cosmetic pigments market share. The availability of a blusher in a powder, cream of even a gel form enhances consumer experience. Blusher segment is anticipated to rise over a CAGR of 4% over the foreseeable timeframe.
 

Eye makeup segment is expected to reach USD 102.1 million by 2026. The numerous benefits of eye makeup such as boosting up confidence, complementing overall looks, enabling experimenting with looks, giving a dramatic look, and helping in taking care of the eyes are likely to make eye makeup a daily routine for most women, thus boosting the market growth.
 

Increasing awareness regarding personal grooming and looking more presentable coupled with increasing urbanization and global trends such as digitization, individualization and resource consciousness are some of the important factors responsible for the growth of cosmetic pigments market in Europe. Europe dominated the overall market garnering a share over 35% in 2019. The European cosmetics and personal care business are the largest in the world with retails sales of €77 billion in 2016.
 

There are over 20,000 companies involved on the wholesale side of the cosmetics industry in Europe, with the majority located in Italy (18%), Spain (14%), and France (11%). According to a survey carried out by Cosmetics Europe, around 33% of women find it difficult to live without foundation or concealer, about 25% of men find it difficult to live without aftershave and around 88% of people find it difficult to live without cosmetics.