Global cosmetic pigments market is anticipated to witness significant growth over the coming time period owing to high product usage across numerous application avenues like nail care, foundation, eye make-up, lip care, and haircare among others. Pigments are known to be solid molecules which bring in color and nuance to a solid or liquid preparation. These play an essential role in cosmetics since they give a unique dimension to the face.
The global cosmetic pigments market is divided into different segments in terms of elemental composition, product, application, and regional landscape.
Based on elemental composition, the global cosmetic pigments market is classified into inorganic pigments, organic pigments, and others. The others segment is set to grow at a CAGR of 5.2% over the estimated time period.
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Organic pigments are generally derived from carbon chains and rings. In comparison to inorganic pigments, the colors of organic pigment are known to be much brighter. The organic pigments are further categorized into toners, true pigments, and lakes.
Among these, true pigments segment is forecast to grow at a CAGR of more than 6.5% through the forecast time period. Meanwhile, the toners segment is projected to grow at a CAGR of around 6% over the forecast time period.
With respect to product, the global cosmetic pigments market is categorized into special effect pigments, nano pigments, natural colorants, and surface treated pigments. Among these, special effect pigments segment is set to grow at a CAGR of around 4% through the forthcoming time period. These types of pigments usually provide for unusual optical effects to be used in cosmetics.
Special effect pigments, with their exceptional possibilities to achieve optical impressions like angle-dependent interference colors; multiple reflections or pearl luster; and eye-catching effects; are highly preferred in nail varnish, eye shadow, lipsticks and other cosmetics. This gives the segment the ability to create an endless number of possibilities of new as well as attractive effects and trends, which is augmenting its demand.
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In terms of application, the overall market is bifurcated into nail care, hair care products, lip care, eye make-up, blusher, foundation, facial make-up, and others. Among these, hair care products segment is expected to grow at a substantial rate over the analysis period owing to the increasing use of natural colorants in hair care products. The others segment is slated to grow at a CAGR of more than 4.2% over the projected time period
From a regional frame of reference, Latin America cosmetic pigments market is likely to reach a valuation of approximately $29.35 million by the end of the analysis timeline and is anticipated to witness a CAGR of 5.9% over the projected period. Cosmetic pigments market in Middle East & Africa is likely to reach a valuation of $14.82 million by the end of the analysis time period.