Cosmetic pigments are used for manufacturing cosmetic and personal care products for color enhancement. With the growing demand for various cosmetic and personal care products, the use of cosmetic pigments is increasing day by day, according to industry insiders. The report “Cosmetic Pigments Market  – Global Forecast to 2026″ states that the cosmetic pigments market is estimated to reach $960 million by 2026. The special effect pigments segment is estimated to lead the segment.

Facial Makeup On The Rise

Cosmetics products were traditionally made of chemical compounds; however, recently, there has been a significant demand for cosmetic products derived from natural sources. The application of cosmetic pigments includes nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose, and others (toothpaste, hair shampoo & conditioner, and sunless tabbing products). Facial makeup accounts for the largest application of the cosmetic pigments market. The increasing demand for root makeup products such as foundations and face powders is expected to drive the market in this application segment.

China, Japan & India To See Growth

High economic growth rate and growing facial makeup application in China, Japan, and India are projected to lead the cosmetic pigments market in Asia Pacific during the forecast period. Asia Pacific is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make Asia Pacific the most preferred destination for the manufacturers of cosmetic pigments. The use of cosmetic pigments as an important additive in various applications such as nail products, lip products, eye makeup, facial makeup, hair color products, special effect & special purpose as is driving the market in China. Asia Pacific is emerging as a leading consumer of cosmetic pigments due to the increasing demand from domestic as well as international markets.