Allied Market Research recently released a report titled "Cosmetic Pigments Market," providing a comprehensive analysis of the industry. The global cosmetic pigments market, valued at $2.1 billion in 2022, is projected to reach $4.5 billion by 2032, with a notable CAGR of 7.8% from 2023 to 2032.
Key Growth Drivers: The rising demand for essential cosmetic products, including foundations and compacts, is expected to propel market growth. However, stringent regulations limiting certain cosmetic pigments may pose challenges. On the positive side, consumer preference for eco-friendly and sustainably produced compounds in cosmetics presents lucrative opportunities.
Download Sample Report (Get Full Insights in PDF - Pages) https://www.alliedmarketresearch.com/request-sample/6155
Report Highlights:
- Forecast Period: 2023–2032
- Base Year: 2022
- Market Size (2022): $2.1 billion
- Market Size (2032): $4.5 billion
- CAGR: 7.8%
- No. of Pages: 295
- Segments Covered: Composition, Type, Application, and Region
COVID-19 Impact: The pandemic disrupted global supply chains, affecting the availability and delivery of cosmetics and raw materials. Cosmetic pigment firms faced operational challenges and manufacturing delays. Lockdowns led to temporary closures or limited operations of cosmetic stores, impacting cosmetic sales. E-commerce emerged as a vital channel for sales, benefiting brands with a strong online presence.
Request For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/6155
Market Segmentation:
- Composition: Inorganic Pigments
- Sub-segment held 63.9% share in 2022 and is expected to dominate, known for stability and safety.
- Type: Surface Treated Pigments
- Sub-segment held 42.3% share in 2022, projected to dominate due to protection against deterioration.
- Application: Facial Makeup
- Sub-segment held 38.8% share in 2022 and is anticipated to dominate, driven by increased demand for core cosmetic products.
- Region: Asia-Pacific
- Accounted for 41.4% share in 2022, expected to lead globally, driven by the region's significant use of skin-whitening procedures.
Interested in Procuring this Report? Visit @
https://www.alliedmarketresearch.com/cosmetic-pigments-market/purchase-options
Leading Players:
- Merck
- Sun Chemical
- SENSIENT COSMETIC TECHNOLOGIES
- BASF SE
- DIC Corporation
- NEELIKON
- Lanxess
- Sudarshan Chemical
- Clariant
- Koel Colors
Competitive Landscape: Key players have adopted various strategies, including new product launches, collaborations, expansions, joint ventures, and agreements to enhance their market share and dominance.
