NEW YORK, October 30, 2022 /PRNewswire/ — The Cosmetic pigments market Size is expected to grow by $318.38 million from 2021 to 2026. Moreover, the growth momentum of the market is set to accelerate at a CAGR of 8.1% over the forecast period. According to Technavio, the latest trends and developments in the basic chemical industry. The report takes into account various factors including the impact of COVID-19 on the market, application, and revenue generated by vendors to estimate the size of the market. Understand the scope of our complete report on the global cosmetic pigments market. Download the PDF sample report.
The market is fragmented and the degree of fragmentation is set to accelerate over the forecast period. Carl Schlenk AG, Clariant International Ltd., Couleurs de Plantes, ECKART GmbH, Elemental SRL, Geotech International BV, Kobo Products Inc., Koel Colors Pvt Ltd., LANXESSAGLI PIGMENTS, Merck KGaA, Neelikon Food Dyes and Chemicals Ltd., NIHON KOKEN KOGYO CO. LTD., RPM International Inc., Sensient Cosmetic Technologies, Shanghai Orcheer Pigment Technology Co., Ltd., Sudarshan Chemical Industries Ltd., Venator Materials Plc, Yipin United States of America INC. and DIC Corp are some of the major players in the market.
The market is driven by rising incomes and changing lifestyles. Modernization is changing the living standards of the younger generation (aged 18-30), which contributes to the demand for cosmetic pigments. With an increase in disposable income, color cosmetics are gaining popularity among these women as disposable income increases, making them more affordable. Changes in the lifestyle of rural people along with the influence of Western culture are also driving the global expansion of the global cosmetic pigments market.
In addition, strict regulations such as labelling, packaging and ingredients are a major challenge for this market. These regulations are used in the manufacturing process because cosmetic pigment manufacturers…
