Global Cosmetic Dyes Market – Industry Trends and Forecast to 2029

Global Cosmetic Dyes Market, By Type (Natural Dyes, Synthetic Dyes), Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Hair Color Products, Toiletries, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Color is considered crucial in the marketing of a cosmetic product. Synthetic dyes are the most preferred dyes used for color among thousands of substances. Methodologies for the determination of dyes in cosmetics are scarce. Consumers are inclining towards products where these dyes are utilized to enhance their appearances.

Global Cosmetic Dyes Market was valued at USD 441.80 million in 2021 and is expected to reach USD 662.76 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. Hair Color Products accounts for the largest application segment in the respective market owing to the high usage for altering the color of hair. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Market Definition

Cosmetic dyes refer to the coloring agents that are added in cosmetics for imparting color to the product or body parts such as nails, hair and skin. Cosmetics widely include the consumption of synthetic dyes over natural dyes. Cosmetic dyes are widely utilized for products, including hair colors, eye liner, mascara, nail paints, foundation, and blush, among other make-up products.

Report Scope and Market Segmentation

Cosmetic Dyes Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Expansion of E-Commerce Sector

The rapid expansion of the e-commerce sector due to the growing urbanization acts as one of the major factors driving the growth of cosmetic dyes market. The surge in sales of cosmetic and hair products owing to the increased purchasing power of people assist in the expansion of the  market.

• Demand for Various Products

The increase in the demand for various products, such as foundation, blush, mascara, and nail paints, among other cosmetic products owing to the rise in beauty consciousness among population accelerate the market growth. The rise in demand for cosmetic dyes in the cosmetics and personal care applications has a positive impact on the market.

• Rise in Awareness

The rise in awareness towards advanced cosmetics products along with high social media penetration further influence the market. The increase in usage of cosmetic dyes in skin care, toiletries, and hair care products, along with growing preference of hair color, permanent or temporary, drive the market growth further.

Opportunities

Furthermore, research activities in the field of demi-permanent hair color with no ammonia formulation extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for environmentally-friendly dyes will further expand the market.

Restraints/Challenges

On the other hand, stringent regulatory policies and concerns regarding chemicals used in manufacturing of cosmetics are expected to obstruct market growth. Also, limited shelf life of the cosmetic products and volatility in raw material prices are projected to challenge the cosmetic dyes market in the forecast period of 2022-2029.

This cosmetic dyes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cosmetic dyes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Cosmetic Dyes Market

The COVID-19 has impacted cosmetic dyes market. The limited investment costs and lack of employees hampered sales and production of cosmetic dyes. However, market key players adopted new safety measures for developing the products. The online distribution channel changing the shopping habits of people as it offers benefits such as easy payment methods, availability of a wide range of products, doorstep delivery and heavy discounts assisted in the growth of the market during the pandemic, and will further accelerate the growth during the post-pandemic situation.

Global Cosmetic Dyes Market Scope and Market Size

The cosmetic dyes market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Natural Dyes
• Synthetic Dyes

Application

• Facial Makeup
• Eye Makeup
• Lip Products
• Nail Products
• Hair Color Products
• Toiletries
• Others

Cosmetic Dyes Market Regional Analysis/Insights

The cosmetic dyes market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the cosmetic dyes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the cosmetic dyes market because of the shift in trend toward hair colouring and rise in demand for cosmetic dyes in various applications within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in disposable income of the people.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cosmetic Dyes Market Share Analysis

The cosmetic dyes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cosmetic dyes market.

Some of the major players operating in the cosmetic dyes market are

• BASF SE (Germany)
• Clariant (Switzerland)
• Chem India Pigments (India)
• Dayglo Color Corp (US)
• Eckart (Germany)
• Elemental Srl (Romania)
• Geotech (India)
• Koel Colours Pvt. Ltd. (India)
• Kolortek Co. Ltd. (China)
• LANXESS (Germany)
• Li Pigments (US
• Merck KGaA (Germany)
• Miyoshi Kasei Inc. (Japan)
• Nihon Koken Kogyo Co. Ltd. (Japan)
• Nubiola   Neelikon (India)
• Sandream Impact LLC (US)
• Sensient Colors LLC (US)
• Cosmetic Technologies (US)
• Sun Chemical (US)
• Sudarshan Chemical Industries Limited (India)
• Toshiki Pigment (Japan)
• Venator Materials PLC (UK)