Global Cosmetic Pigments Market - Enhancing Beauty with Vibrant Innovation to Touch USD 3.83 Billion by 2029
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Growth Drivers
Restraints
Global cosmetic pigments market is gaining traction because of the increasing demand for premium, natural, and sustainable cosmetic products...
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global cosmetic pigments market size at USD 2.25 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global cosmetic pigments market size to grow at a CAGR of 7.91% reaching a value of USD 3.83 billion by 2029. Major growth factors for the global cosmetic pigments market include a spurring demand for cosmetics and personal care products and an increasing number of research and development (R&D) activities to launch new products, including men’s grooming products, and to enhance existing portfolio of cosmetic products.
Global Cosmetic Pigments Market – Overview
Cosmetic pigments are a particular class of chemicals that cannot be dissolved in water. They are used as coloring agents in a variety of cosmetic formulations, including lipsticks, nail polish, hair dye, eye makeup, and other cosmetic goods. Cosmetic pigments come in two varieties: organic and inorganic. The three primary groups of organic colors include lakes, artificial dyes, and plants. Mineral compounds such as oxides, mica, and ultramarine make up the majority of the ingredients in inorganic pigments.
Global Cosmetic Pigments Market
Segmental Information
Global Cosmetic Pigments Market – By Type
Based on type, the global cosmetic pigments market is segmented into special effect pigments, surface-treated pigments, nano pigments, natural colorants, and others. The surface-treated pigments hold the largest share of the global cosmetic pigments market. The growth of this segment is mainly attributed to its favorable characteristics, such as its chemical constitution, better absorption, and dispersibility. Surface-treated pigments can facilitate easier mixing and spreading on the skin to give liquid formulas a smooth, moist finish, which positively influences their market growth.
Competitive Landscape
Major players operating in the global cosmetic pigments market include Sun Chemical, Sensient Cosmetic Technologies, Merck, ECKART, Sudarshan, Kobo Products, Clariant, Venator, Geotech, and LANXESS.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Cosmetic Pigments Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Cosmetic Pigments Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Recent Developments
In March 2023 - DayGlo Color Corp., a paint and pigments manufacturer based in the United States, launched rice protein-based fluorescent cosmetic pigments free of microplastics to meet sustainable cosmetic demand.
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