Global Cosmetic Grade Pigments Market Size will Reach $989.25 Million in 2023

Global Cosmetic Grade Pigments Market Overview

According to Global Market Monitor, the global cosmetic grade pigments market size will reach $989.25 million in 2023 with a CAGR of 8.69% from 2023 to 2028.

Cosmetic-grade pigments are widely used in the industry and are one of the most basic raw materials in the chemical industry called "the mother of the chemical industry". Some main products of the basic chemical, including hydrochloric acid, caustic soda, soda ash, ammonium chloride, chlorine, etc., are mainly produced from cosmetic grade pigments.

Cosmetic Grade Pigments Market Trend

Consumers tend to choose natural and organic cosmetics products, promoting the demand for relevant cosmetics pigments that are certified as safer and healthier paint. The development of e-commerce and social media has promoted the growth of the cosmetic pigment market, and consumers are increasingly exposed to new products and aware of the development trends, driving greater demand for unique and innovative products.

Regional Cosmetic Grade Pigments Market Status

Europe dominated the cosmetic grade pigments market in 2022, with a market share of 48.08%. Germany is the largest cosmetics market in Europe, followed by France and the United Kingdom. The male skincare market is expanding due to rising disposable income, celebrity endorsements, and increased product launches for men, who are increasingly mindful of personal hygiene and regular grooming. Their preference for skincare products is expanding beyond traditional beauty treatments.

The increasing production capacity and consumption of cosmetics in countries such as China, India, and ASEAN countries is expected to drive the demand for cosmetic pigments in the region. With the further expansion of demand for cosmetics in second and third-tier cities in China, the cosmetic pigment market is expected to maintain its growth momentum shortly. In addition, changes in attitudes toward skin care products have contributed to the booming market for men's cosmetics in China.

By Type	Water-soluble Pigment
	Oil-soluble Pigment
	The water-soluble Pigment segment accounted for the largest share in 2022.
By Application	Facial Make-Up
	Lip Products
	Eye Make-Up
	Nail Products
	Hair Color Products
	Others
	The facial make-up segment occupied the biggest share in 2022.
By Region	North America
	Europe
	Asia-Pacific
	Latin America
	Middle East & Africa
	Europe dominated the Cosmetic Grade Pigments market in 2022, with a market share of 48.08%.