Cosmetic Pigment Market

Cosmetic Pigment Market Overview for 2024 to 2034

The Cosmetic Pigment Market is expected to be valued at USD 13,794.3 million in 2024. The pace of progress for the market from 2024 to 2034 is expected to be healthy, with a CAGR of 6.6%. By the end of the forecast period, the cosmetic pigment industry value is slated to hit USD 26,235.5 million.

Cosmetic Pigment Market Analysis

• Preference for cosmetic pigment is likely to rise among the look-conscious millennial populace
• With beauty standards transforming as the consumer base for cosmetic products gets more diverse, a greater variety of beauty products is being produced, and cosmetic pigment use varies, too.
• Face makeup products are rising in popularity with the increasing focus on appearances, and with cosmetic pigments' primary use being for facial makeup, the market is getting propelled.
• With disposable income on the rise, people are taking the help of cosmetic products to look the part. Thus, cosmetic pigment use is on the rise.
• The popularity of color cosmetics is rising, and as a result, the cosmetic pigment industry is getting bolstered too.

Attributes	Details
Cosmetic Pigment Market Value for 2024	USD 13,794.3 million
Projected Market Value for 2034	USD 26,235.5 million
Value-based CAGR of Market for 2024 to 2034	6.6%

Cosmetic Pigment Market Trends

• Social media influencers propagate trends related to cosmetic products, and with more people taking advice from social media experts, the market for cosmetic pigment is expanding.
• With diversity a significant trend in cosmetics, specialty pigments are being produced that appeal to people with different skin colors, skin types, and more.
• Like with other beauty product-related industries, the influence of fashion models and others in the entertainment sector positively impacts the cosmetic pigment market, as people look to replicate the looks of models and film stars.
• A significant number of consumers prefer cosmetics made from organic ingredients; thus, the popularity of organic cosmetic pigments is rising.
• Manufacturers of cosmetic pigments are developing innovative color palettes for makeup products to appeal further to the fashionista crowd, always looking for fresh offerings.
• Doubts about the quality of the pigment in cosmetics hamper the market's growth. Consumers are averse to the ill effects caused to the skin as a result of low-quality pigments, and many are thus refraining from buying beauty products with cosmetic pigments.
• Suppliers of cosmetic pigments are pressured to follow strict labeling, packaging, and marketing regulations. Thus, there is often the risk of mislabelling or false advertising that earns the product an unfavorable reputation.

Category-wise Outlook

Despite the popularity of organic products in cosmetics, the inorganic pigments still rule the roost in the cosmetic pigment market. Facial makeup products are the predominant cosmetics that use cosmetic pigments.

Easy and Low-Cost Manufacturing Sees Inorganic Pigments Retain their Popularity

Inorganic pigments are expected to account for 59.8% of the market share by elemental composition in 2024. Factors driving the growth of the inorganic pigments are:

• Inorganic pigments are easy to produce, as they involve ingredients that are easy to obtain. Further, manufacturers have refined the process to make it cost-effective. Thus, inorganic pigments are still the top type of elemental composition in the market.
• While there is considerable consumer demand for organic pigments, the production of the same is still in the developing stages, as infrastructure has not caught up to the demand, especially for small-scale manufacturers.

Attributes	Details
Top Elemental Composition	Inorganic Pigments
Market Share (2024)	59.8%

Consumer Desire to Enhance Attractiveness Sees Cosmetic Pigments’ Use in Facial Makeup Products Increase

Facial makeup application of cosmetic pigment is anticipated to account for 25.7% of the market share in 2024. Some of the factors for the growth of facial makeup application of cosmetic pigment are:

• With beauty standards undergoing considerable change, there is demand among both the younger and older generations to enhance or maintain them. Consumers feeling that attractiveness starts from the face is thus propelling the application of cosmetic pigment in facial makeup products.
• With manufacturers understanding the diverse needs of customers, facial makeup products for differing skin tones are being produced, thus affording more scope to cosmetic pigments in facial makeup products.

Attributes	Details
Top Application	Facial Makeup
Market Share (2024)	25.7%

Country-wise Analysis

The Asia Pacific is set to be an intensely lucrative region for the cosmetic pigment industry. The growing affluence of the region combined with the increasing middle-class and urban population spells out positive potential for the market in the region.

Oceania’s significant outdoor culture helps the market’ purpose in the country. Growing sustainability culture in the region is also seeing the demand for sustainable cosmetic pigments shoot up in Oceania.

Countries	CAGR (2024 to 2034)
Japan	7.0%
India	11.3%
China	9.4%
Singapore	7.6%
Australia	8.7%

Ever-popular Film Culture and Celebrity Endorsement Trends Keep the Market’s Prospects Positive in India

The market is anticipated to register a CAGR of 11.3% in India for the forecast period. Some of the factors driving the growth of the market in the country are:

• Film-obsessed Indian crowd looks towards stars in the entertainment industry for fashion inspiration. Vendors of cosmetic pigments are taking up the opportunity provided, by engaging celebrities to endorse their product.
• India is reputed for its diversity in terms of skin tone, type, and more. Thus, the scope of the market is vast in the country.

Japan’s Aging Population Relying on Cosmetics to Maintain Appearances

Japan is set to see the market expand at a CAGR of 7.0% over the forecast period. Prominent factors driving the growth of the market are:

• Japan’s considerable geriatric population is taking the help of cosmetic products to maintain beauty standards, and thus, the market has an exciting future in Japan.
• Rising income levels in Japan are seeing lifestyles transformed to become more luxurious, and beauty products are commonplace in Japanese homes, benefitting the cosmetic pigment market.

Use of Organic Elements for Cosmetic Pigment Manufacture Preferred in China

The market is expected to register a CAGR of 9.4% in China. Some of the factors driving the growth of the market in China are:

• With government encouragement for using organic elements in the manufacturing sector, coupled with consumer demand for organic cosmetics, the production of organic pigments is rising in the country.
• China’s fledging urban population is becoming a significant consumer base for makeup products, and thus, cosmetic pigment penetrating further into the country.

Innovations in Color Cosmetics Enamor Consumers in Singapore

The market is set to progress at a CAGR of 7.6% in Singapore. Factors influencing the growth of the market in Singapore include:

• Customers in Singapore are desirous of living a glamorous life. Innovations in color cosmetics, with the help of cosmetic pigment manufacturers who manufacture products with an ever-increasing number of shades, are helping Singaporeans do so.
• Social media influencers, and thus are influencing consumers in Singapore, companies are collaborating with them to boost market growth in the country.

Public Support Slanting Toward Sustainability Sees Sustainable Pigments Supply Spurred on in Australia

The market is expected to register a CAGR of 8.7% in Australia. Some of the reasons for the growth of cosmetic pigment in the country are:

• With natural disasters fresh in the memory of Australians, sustainability is becoming a part of daily life in the country. Cosmetic pigment manufacturers in the country, too, are adhering to sustainability standards and producing sustainable cosmetic pigments.
• With an ever-increasing number of people participating in sports and other outdoor activities, cosmetic protection is being sought in the country, positively influencing the cosmetic pigment market.

Competitive Landscape in the Cosmetic Pigment Market

The market for cosmetic pigment is fairly consolidated, with a few companies establishing dominance. However, there is still room enough for small-scale companies.

Players in the cosmetic pigment landscape are looking at celebrity endorsements as well as collaborations with social media influencers to expand their reach. Some of the bigger players are also looking at acquisitions to increase their market share.

Recent Developments in the Cosmetic Pigment Market

• In February 2024, Hubach launched Cosmenyl S 100, a range of sustainable pigment preparations.
• In July 2021, the Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire were released by Sun Chemical. The two pigments boast of having superior coloring and sparkle capabilities.
• In June 2021, BASF’s global pigments division was acquired by DIC Corporation.

Key Companies in the Cosmetic Pigment Market

• Geotech
• Eckart
• BASF
• Lanxess
• Venator
• Nihon Koken Kogyo
• Ferro Corporation
• Dayglo Color
• Elemental Srl
• Kolortek
• Sandream Impact
• Chem India Pigments
• Yipin Pigments
• Sun Chemical
• Toyal
• Kuncai Europe
• Kobo Products
• Sensient Cosmetic Technologies
• Merck
• Vibfast Pigments
• Neelikon
• Miyoshi Kasei

Key Coverage in the Cosmetic Pigment Industry Report

• Makeup Pigments Market Analysis
• Color Cosmetics Pigment Market Coverage
• Cosmetic Colorants Market Assessment
• Pigments for Cosmetics Market Report
• Beauty Pigment Market Analysis
• Cosmetic Grade Pigments Market Coverage

Key Segments

By Elemental Composition:

• Inorganic Pigments
• Organic Pigments

By Application:

• Facial Makeup
• Eye Makeup
• Lip Products
• Nail Products
• Hair Color Products
• Special effect & Special Purpose Products
• Others

By Type:

• Special Effect Pigments
• Surface Treated Pigments
• Nano Pigments
• Natural Colorants

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

What is the Market Size of the Cosmetic Pigment Industry?

The market size of the cosmetic pigment industry is estimated to be USD 13,794.3 million in 2024.

What are the Key Companies in the Cosmetic Pigment Market?

Geotech, Eckart, BASF, and Lanxess are some of the key companies in the cosmetic pigment market.

How Much Will the Cosmetic Pigment Market Be Worth in 2034?

The cosmetic pigment market is expected to reach a valuation of USD 26,235.5 million in 2034.

What is the Outlook for the Cosmetic Pigment Industry?

The cosmetic pigment industry is expected to progress at a promising CAGR of 6.6% over the period from 2024 to 2034.

What are the Segments of the Cosmetic Pigment Industry?

The cosmetic pigment industry can be segmented into elemental composition, end use, and type.

How Will Demand for Cosmetic Pigments Progress in India?

The cosmetic pigment industry is predicted to progress at a CAGR of 11.3% in India from 2024 to 2034.