According to the estimations put forth by Inkwood Research, the Global Cosmetic Dyes Market is evaluated to project a CAGR of 4.83% in terms of revenue during the forecasting years of 2021-2028.
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2021-2028.”
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Cosmetic dyes are color supplements used as coloring agents
in several cosmetic products like nail products, eye make-up, facial make-up,
etc. These are further classified into inorganic and organic. Organic dyes are
segmented into true pigment, toners, and lakes colors. Inorganic dyes entail
mineral compounds like zinc oxide and iron oxide.
Inclusive
Make-Up Colors fuels Market Growth
Inclusive make-up encompasses every skin tone irrespective
of age, gender, and race and offering colors blending perfectly with the skin
tone. Also, in recent years, diversity and inclusivity have come under the
spotlight in the beauty industry. As a result, inclusivity is increasingly
prioritized in cosmetic product development, with several cosmetic companies
launching inclusive make-up lines.
Moreover, there is a growing demand for cosmetics colors
among consumers that match their skin tones. In addition, make-up brands are
continuously innovating color shades, which drive market demands. Several
cosmetic companies like Mac Cosmetics, Maybelline, Fenty Beauty, etc., provide
a vast range of shades and colors.
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Fastest-Growing
Type: Organic Dyes
Organic pigments comprise carbons and other molecules. In
general, the organic pigments for personal care and cosmetics are cosmetic
colors segmented as toners, lakes, and true pigments. These are available in
the form of color lakes made of minerals like barium and calcium. Also, many
shades like blue, orange, yellow, and red are developed using organic pigments.
Furthermore, cosmetics entail the use of certified,
high-quality organic pigments. As a result, they are brighter than inorganic
pigments. However, since organic dyes can cause skin irritation and allergy at
times, they need D&C and FD&C approvals. Moreover, the rising wellness
trends, inclination towards natural products, and heavy metal-free cosmetics
propel the growth of organic dyes.
Asia-Pacific
dominates with Highest Revenue Share
Asia-Pacific is witnessing a shift in lifestyles with
growing purchasing power increasing disposable income. However, the other
important factor contributing to market growth is air pollution. Pollution
oxidizes the lipid layer in the skin and breaks down collagen, hampering the
skin-barrier functions. Such aspects, along with the presence of eminent
companies and their initiatives, drive the market growth.
The competitive rivalry is intense, with companies having
well-established distribution channels in their countries and internationally.
Also, the same number of products are used for different applications. Neelikon
Food Dyes & Chemicals Limited, Dystar Group, Clariant, Vivify Specialty Ingredients,
Chromatech Incorporated, etc., are among the major firms in the market.
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