Cosmetic Colorants Market Global Industry Analysis, size, share and Forecast 2020-2027

 

The GMI Research expects the cosmetic colorants market to expand at a significant rate. From a regional perspective, the Asia-Pacific is projected to increase at a higher CAGR over the forecast period. The consumer's rising purchasing power and the significant change in consumers' lifestyles are the factors surging the market growth.

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Cosmetic Colorants Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for pigments and dyes from numerous applications, with the key being facial makeup, hair color products, lip products, and eye makeup is a major factor driving the growth of the cosmetic colorants market size. The growth in per capita expenditure on cosmetic products in developing countries driven by rising awareness associated with consumers' appearance will contribute to the market growth. Furthermore, the high demand for cosmetic products due to the proclivity of consumers towards maintaining their lifestyle, followed by the rising fashion consciousness, will further boost the growth of the cosmetic colorants market across the globe. Moreover, the growing disposable income and increasing urbanization are some other factors fuelling the demand of the market.

As per the Food and Drug Administration (FDA), the color additives that are generally utilized in cosmetic products require to be approved under the Drug and Cosmetic Act and Federal Food. Additionally, manufacturers that use color additives must fulfill the needs, including certification, identity & specification, approval, and use & restrictions to confirm that their product will not cause any side effects to the consumers. In addition to this, the manufacturers who failed to reach the basic color additive needs except in the case of coal-tar hair dyes, their cosmetics will be adulterated.

Product Type Segment Drivers

Based on product type, the pigment segment is expected to lead the market in the upcoming years due to the rising use in the manufacturing of color cosmetics, and the strong demand for differentiated and premium products by the consumers are the factors fuelling the growth of the cosmetic colorants market. Pigments are further divided into organic and inorganic pigments. The inorganic pigment is projected to grow at a higher CAGR during the forecast period due to the high demand by the end-users. These pigments consist of metal compounds, which include ultramarine, iron oxides, chromium, titanium oxide etc., that are stable and offer better heat stability.

Cosmetic Colorants Market’s leading Manufacturers:

·        Clariant AG

·        Sensient Technologies Corporation

·        Merck KGaA

·        BASF SE

·        Organic Dyes and Pigments

·        Aakash Chemicals and Dyestuffs

·        DyStar

·        Altana AG

·        DIC Corporation

·        Kobo Products Inc.

Cosmetic Colorants Market Segmentation:

Segmentation by Product Type:

·        Pigments

o   Organic Pigments

o   Inorganic Pigments

·        Dyes

Segmentation by Application:

·        Facial makeup

·        Eye makeup

·        Lip products

·        Nail products

·        Hair color products

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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