Cosmetic Pigments Market Size, Share, Growth Analysis, By Elemental Composition(Inorganic Pigments, Organic Pigments), By Product(Special Effect Pigments, Surface Treated Pigments, Nano Pigments, Natural Colorants), By Application(Facial Makeup, Eye Makeup, Lip Products, Nail Products), By Region - Industry Forecast 2024-2031

Cosmetic Pigments Market size was valued at USD 645 million in 2019 and is poised to grow from USD 698.54 million in 2023 to USD 1431.67 million by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

A pigment is a substance that modifies the color of light reflection and absorption, according to the most basic definition. Cosmetic pigments produce a matte or high gloss finish. The selection includes numerous catalogs with white pigments, metallic hues, and lustrous and natural-looking tones. By combining numerous cosmetic products, including lipsticks and eye shadow, the material significantly enhances the visual appeal of the formulae. The need for cosmetic pigments will increase as the fashion and entertainment sectors grow.

The market is being propelled by superb and effective properties of cosmetic pigments as well as the quick rise in the number of specialized uses for them around the world. There are two different kinds of pigments: organic and inorganic. Inorganic pigments, which are carbon molecules in organic colors, are made of metal oxides. The primary function of pigments in cosmetics is to provide the desired color. Iron oxide, mica flakes, coal tar, and other materials are included in mineral pigments. Beet powder and cochineal extract are two further examples of natural colors. Waterproof cosmetics are made using insoluble substances like alumina hydrate, cosmetic pigments like lakes, and dye hues. Inorganic metal oxide pigments are used in cosmetics with long-lasting colors.

The expansion of the cosmetic pigments market is being driven by the desire for color cosmetics. On the other side, there are a few challenges for market participants. The major issue that cosmetic pigment manufacturers have is maintaining the quality of cosmetic pigments for mass-market products like nail paints, lip colors, and eye makeup items. The quality of the raw materials must be evaluated before they are used to create cosmetic pigments. The quality of the color cosmetics produced in big quantities for the mass market is occasionally subpar. The demand for these quite profitable items is strongly influenced by the caliber of the cosmetic pigment utilized. Cosmetic pigment producers and processors are required to employ only premium pigments.

US Cosmetic Pigments Market is poised to grow at a sustainable CAGR for the next forecast year.