Press release
Cosmetic Dyes Market Set to Grow at a CAGR of 5.8% by 2030, Fueled by Rising Demand in Beauty and Personal Care Industry
The cosmetic dyes market had a size of USD 325.0 Million in 2021 and is expected to experience a revenue compound annual growth rate (CAGR) of 5.8% during the forecast period. The rise in demand for cosmetic dyes can be attributed to their increasing use in the cosmetics, beauty, and personal care industry. The cosmetic dyes are used in various applications such as facial makeup, eye makeup, nail products, hair color, lip products, and toiletries, among others, which is expected to drive the market revenue growth.Cosmetic dyes are primarily used to improve the color quality of beauty products. The cosmetic industry is one of the rapidly growing industries globally and is among the most traded products in the world. For instance, in 2023, the global cosmetics market witnessed a growth rate of approximately 16% compared to the previous year. Skincare products accounted for around 41% of the global cosmetic industry in 2021, and these products typically contain cosmetic dyes, which has further propelled the demand for cosmetic dyes globally. Developing regions are increasingly investing in the international cosmetic market, with countries such as India, China, Singapore, and France being major exporters of cosmetic dyes.
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Further key findings from the report suggest
Hair color held a market share of 29.6% in the year 2018. Hair coloring is nowadays done in order to restore original hair color, to highlight the particular quantity of hair to make it more appealing. The elderly population are also using hair color for hair dyeing.
Facial makeup market is expected to observe a CAGR of 6.0% during the forecast period because of the demand for beauty correcting creams, are increasing. The rising consumption of BB and CC creams has enhanced the market for facial makeup.
Synthetic dyes held the largest market share of 56.8% in the year 2018. Synthetic dyes are developed from petroleum oil or coal tar derivatives. These are cheap, makes the color of lipsticks and nail paints luxurious, and are easily available. These dyes are harmful to the skin as well as for the environment.
Key Players covered in this report are:
The cosmetic dyes market has a consolidated competitive landscape, with a few major players operating at both global and regional levels. These players are actively engaged in product development and strategic alliances to enhance their product portfolios and establish a strong presence in the global market. The major companies in this market include Sensient Cosmetic Technologies, Clariant, DyStar Singapore Pte Ltd, Neelikon Food Dyes and Chemicals Ltd., Chromatech Incorporated, Pylam Products Company, Inc., WeylChem International GmbH, Organic Dyes and Pigments, Goldmann Group, and Koel Colours Private Limited.
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Cosmetic Dyes Market Segmentation:
The type outlook segment covers natural and synthetic dyes. Natural dyes are derived from natural sources such as plants, animals, and minerals, while synthetic dyes are manufactured chemically in laboratories. The demand for natural dyes is increasing due to growing consumer awareness about eco-friendly and sustainable products.
The solubility type outlook segment covers water-based, solvent-based, and oil-based dyes. Water-based dyes are the most commonly used dyes in the cosmetic industry due to their ease of use and environmentally friendly nature. Solvent-based dyes are used for oil-based products, while oil-based dyes are used for products that require oil as a base.
The application outlook segment covers facial makeup, hair color, eye makeup, lip products, nail products, toiletries, and others. Facial makeup is the largest application segment due to the high demand for foundation, blush, and other facial cosmetics. Hair color is also a major application segment due to the growing demand for hair dyes and tints. The demand for cosmetic dyes in nail products and toiletries is also increasing rapidly.
Lastly, the regional scope of the report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to dominate the market during the forecast period due to the growing demand for cosmetic products and increasing consumer spending in emerging economies such as China and India. North America and Europe are also expected to witness significant growth in the market due to the high demand for premium cosmetic products and growing awareness about sustainable and eco-friendly cosmetic products.
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