Over the years, the rise in the usage of cosmetics and personal care products has led to the growth of the color cosmetics pigments industry. The major challenges for pigment manufacturers in India came in the form of regulatory issues due to the stringent regulatory standards controlling the industry globally. The good news is, as per a research report by Markets and Markets, the cosmetics pigments market will reach up to US$ 790 Million by 2022.
Understanding Cosmetic Pigments
Cosmetic pigments are available in natural and synthetic forms. The cosmetics pigments segments can be classified in to organic colourants and inorganic cosmetic pigments. Lakes, True colours and Toners are part of the organic color cosmetics colourants. Inorganic cosmetic pigment colours consist of Chromium Dioxide, Zinc Oxide, Iron Oxides and Titanium Dioxide.
The global cosmetic pigments sector can be further classified on the basis of technology i.e. pigment dispersion and surface treatment.As per industry reports, inorganic cosmetic pigments are consumed more than organic cosmetic colours in the global pigments industry. Factors such as exposure to sunlight, contact with water etc. affect the properties of cosmetic products. With time, the products also tend to fade out.
Treatments are incorporated in the production pipeline to enhance the product properties and prolong the shelf life of the products. In today’s market, pigment colours are added in color cosmetics such as eye makeup, lip products, nail care products, hair products, facial makeup and so on. Again, the regulations become more stringent for use of cosmetic colours in pharma products for skin care solutions such as skin moisturisers, lip balms etc.
Growth DriversOf Cosmetic Pigments Industry
- Rising Income of people in emerging economies has led to the increase in consumption of color cosmetics products such as nail polishes, eyeliners, lipsticks, hair colours etc.
- Fashion trends keep changing across the world. With acceptance of global trends across geographies, more and more consumers these days spend on latest cosmetics.
- There is an increase in collaboration between product manufacturers. There are more agreements and joint ventures to introduce new innovative products to meet the rising demand.
- In recent times, the number of new product launches by various brands along with existing product line expansions have increased to give diversify product portfolios.
Future forecast for pigment colours
Today, Europe is the largest consumer of color cosmetic pigments. Facial make-up is the most sought-after cosmetic product by the huge customer base in Europe. This demand in the European continent will definitely propel the growth of the global cosmetics pigment market. Asia-Pacific markets are also growing. Technology upgrades and better R&D initiatives will strengthen the cosmetic pigment colours segment in the emerging nations.
As per the Markets and Markets research report, the global dyes and pigments market was worth 30.42 billion US dollars in 2016. This figure is expected to reach 42 billion US dollars by 2021. With innovative technologies and rising competition in the end product markets, pigment colours will witness remarkable developments.
It is quite evident that cosmetic pigments will play a key role in the growth of pigments. India is growing at a rapid pace with developments in every sector of the economy. With innovative techniques,technological advancements and expansion of production facilities, manufacturers will meet the demand in domestic and international markets.
From textiles and printing inks to cosmetics and personal care products, pigment manufacturers in India are geared up for adding vibrant colours with better functional properties to products in the future.