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Trends reshaping cosmetic pigments market outlook

Author : Ravi Chawat | Published Date : 2021-04-01 

The evolving value-added benefits for consumers are being bolstered with accelerating technology and innovation. Millennial and gen Z population are being inclined towards aesthetic textures, scintillating effects and rich neutral shades that are being translated into color cosmetic formulations.

Lately, trend for organic pigments has gained immense traction among end-users as these pigments refrain from using heavy metals that are hazardous to the environment.

On the other hand, inorganic pigments are also gaining popularity among end-use consumers who want to have better and quality results. Several manufacturers are mixing it with polymers to boost the resistance of these pigments to open air and heat.

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The annual revenue from the organic cosmetic pigment industry reached more than USD 470.8 million in 2019 and this value is poised to grow at a significant CAGR over the next few years. This can be attributed to their growing adoption as they are synthetic and are soluble with oil as well as water.

Owing to this solubility, the organic or natural pigments are believed to be apt for use in solid makeup options like lipsticks and aqueous products including nail lacquer and liquid makeup. Furthermore, the organic pigments for cosmetics are easily accessible on account of their abundance in comparison to their inorganic counterparts.

There is a surge in consumer awareness for personal grooming and an inclining demand for male cosmetics products. This along with significant R&D investments facilitated by manufacturing firms is leading to technological developments in cosmetic ingredients. Reportedly, the global cosmetic pigments market size will reach over USD 1 billion with regard to annual remuneration by 2026.

Nano pigments, in combination with titanium dioxide, zinc oxide, and carbon are used to produce sunscreens and decorative makeups as they exhibit superior hiding properties. The product demand will be further driven by the surging need by cosmetics manufacturers to offer unique and attractive products to cater to rising consumer requirements. Nano cosmetic pigments industry share is slated to show a CAGR of 4% up to 2026 owing to the extensive use of the material to change the color reflected light through selective absorption, besides transmitting color to the medium of dispersion.

Cosmetic pigments are widely utilized in nail lacquer and nail paints to ensure rich nail coating and alteration of the base color, and the market value from the nail care application is pegged to register a 5% CAGR through 2026. Demand for nail care products is anticipated to reach USD 11 billion annually up to 2022 considering the inclination for nail designing and social gathering in the younger population.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cosmetic-pigments-market

Asia Pacific contributed over USD 165 million in yearly revenues in 2019 for regional cosmetic pigment market. The cosmetics industry in the region is estimated to record more than USD 140 billion in valuation over the coming years. The growth can be attributed to the rise in multifunctional properties as a result of product innovations incorporated by various brands, as well as the expanding disposable income and changing consumer lifestyles.

Growth Drivers:

  • North America: Increasing Demand for Cosmetic Pigments in Personal Care Products
  • Europe: Enhancing demand for High-Performance and Specialty Pigments to spur overall market growth
  • Asia Pacific: Growing Fashion And Entertainment Industry will Boost Cosmetics Demand

 

The Latin America cosmetic pigments market is expected to gain a valuation of around USD 29.35 million and a 5.9% CAGR over the coming years. On the other hand, the Middle East & Africa cosmetic pigments industry is estimated to reach a USD 14.82 million valuation in the given period.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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