Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 650 Million | USD 1354 Million | 8.5% | 2021 |
FrequentlyAsked Questions
The expanding demand for color cosmetics and the increasing awareness of one's appearance is what is driving the global market for cosmetic pigments. Moreover, the rise in discretionary income in developed and developing nations especially in the female working force has also driven market growth.
According to the report, the global market size was worth around USD 650 million in 2021 and is predicted to grow to around USD 1354 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2030.
The global cosmetic pigment market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market due to the growing demand for cosmetics and personal care products in the region.
The global cosmetic pigments market is dominated by players like Merck KGaA, BASF SE, Sun Chemical, Altana, Sensient Cosmetic Technologies, Sudarshan Chemical Industries Limited, Clariant, LANXESS, Venator Materials PLC, GEOTECH, Koel Colours Pvt. Ltd., Yipin Pigments, NIHON KOKEN KOGYO CO., LTD., Ferro Corporation, Dayglo Color Corp, Elemental SRL, Kolortek Co., Ltd, Sandream Impact LLC, VIBFAST PIGMENTS PVT. LTD., Neelikon, Miyoshi Kasei, Inc., ECKART, Kobo Dynamic Website among others.
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