Market Size of Cosmetic Pigments Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.01 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cosmetics Pigment Market Analysis
The Cosmetic Pigments market is estimated at USD 0.86 billion currently and is expected to reach USD 1.15 billion over the forecast period, registering a CAGR of over 6% during the forecast period.
The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, the increasing demand for cosmetics products in the Asia-Pacific region and the rapidly growing demand for organic pigments are some of the factors driving the growth of the market studied.
- On the flip side, new medical technologies for beauty enhancement are expected to hinder the growth of the market.
- However, the rising demand for organically produced cosmetic pigments is anticipated to provide numerous opportunities over the forecast period.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, Japan, and South Korea.
