The Cosmetic Colorant Market is Expected to Witness a CAGR of 5.5% to Reach a Value of $1.42 Billion by 2023

Bangalore, India, July 30, 2018: The recently published Infoholic Research study “Cosmetic Colorant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023”, forecasts that the global market for cosmetic colorant will continue to expand. The growing disposable income among developing countries and the increasing penetration of cosmetic colorants in various cosmetic applications are the key factors driving the market growth. Further, the growing acceptance among consumers is due to factors and features such as better performance, durability, longevity, and water resistance. This pattern is expected to continue during the forecast period to increase the cosmetic colorant market revenue to $1.4 billion by 2023, growing at a CAGR of 5.5%.

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The cosmetic colorant is an extremely successful and popularly used raw material in the cosmetic industry to provide colors to the final product. This technology has witnessed a transformation and development across the economies and measured a sustainable growth. Increasing buying power, rising consumer awareness, and technological advancements coupled with regulatory reforms are empowering the industry across the globe. In this sense, cosmetic colorant with an established market in the developed economies is challenged by other developing economies, which are now the big consumers of the market. The high manufacturing base in developed & developing countries along with the overall booming cosmetic industry has further contributed to the market demand. Premium prices tend to restrain the growth of the cosmetic pigments market in lower per capita income countries, yet it is expected to witness a high growth rate during the forecast period in developing & underdeveloped countries.

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“Cosmetic colorant has come a long way from being considered a premium product to becoming an essential feature in several industries. It has become a critical addition to regulatory compliance in some geographies. Increasing affordability will give an impetus to the market. The market that was earlier dominated only by the developed countries is now finding a strong foothold in developing countries, such as China, wherein the domestic market is quite robust and offers high potential for growth. The market is still in the nascent stage and is expected to witness rapid growth in the next 5–6 years.” – Khushboo Pandey, Research Analyst, Infoholic Research

The key insights of the report are as follows:

  • The global cosmetic colorants market has been analyzed based on material types:
    • Dyes
    • Pigments
  • The study constitutes a classification based on end-user areas:
    • Facial Make-up
    • Lip Products
    • Eye Make-up
    • Nail Products
    • Hair Color Products
    • Others
  • The study covers the below-mentioned geographies:
    • Asia Pacific
    • North America
    • Europe
    • Rest of the World
  • Industry outlook: Market trends, drivers, restraints, and opportunities

Contact:
Ms. Sunanda Ganguli
Infoholic Research LLP
IND: 080-461-51400
USA: 1-661-210-1186
sunanda@infoholicresearch.com

 

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