Cosmetic dye is a type of cosmetic additive that impart color to various cosmetic products such as lotions, lipsticks, hair oil, nail enamels, soaps, and eye colors. Cosmetic dye exists in two forms: natural and synthetic. Synthetic cosmetic dyes are generally utilized across all cosmetic applications that exhibit better stability properties and impart more intense color. Majority of cosmetic dyes available in the market are water-based, ether oil-based, and solvent-based. Solvent-based cosmetic dyes are used in nail enamels and skin toners applications, while oil- and water-based cosmetic dyes are used in cosmetic products such as hair oil, lotions, and lipsticks.
According to study, “Cosmetic Dyes Market by Product Type (Organic Dye and Inorganic Dye), and End User (Facial make up, Nail products, Eye make-up, Lip products, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global cosmetic dyes market are Sensient Cosmetic Technologies, Dystar, Organic Dyes and Pigments, Neelikon, Pylam, Clariant, Goldmann Group, Chromatech, Koel Colours, and Kolorjet Chemicals Pvt Ltd.
Based on product type, cosmetic dyes market is segmented into organic dye and inorganic dye. Based on technology, market is segmented into solvent-based technology, water-based technology and oil-based technology. Based on form, market is segmented into liquid, powder and others. In addition, based on end-user, market is segmented into lip care, hair care, facial care, nail products, perfumes, toiletries, eye makeup products and others (special purpose cosmetics).
The cosmetic dyes market is driven by rise in demand for natural ingredients in cosmetic products, followed by surge in need for skin care products, change in trends in cosmetic industry, growth in urbanization, increase in millennial population, surge in standard of living of people, growth in youth population in emerging economies, and rise in use of cosmetic products, such as foundations, blushers, eyeliners, lipsticks, and nail polishes. However, rise in awareness of probable side effects of chemical based cosmetics and stringent government regulations are key opportunities for market. Moreover, change in consumer preference for cost-effective cosmetics products and rise in demand of organic cosmetics are key opportunities for market.
Based on geography, the North-America is a leading region in global cosmetic dyes market owing to rise in awareness about the quality of facial cosmetic products such as premium lotions and wrinkle treatments, among the young as well as geriatric population in the region. Whereas, the European and Asian-Pacific regions are estimated to depict higher growth rate due to increase in preference for hair color, such as permanent or temporary over the forecast period. In upcoming years, it is predicted that future of the market will be bright as a result of rise in use of cosmetic dyes in toiletries, skin care, and hair care products during the forecast period. The global cosmetic dyes market was valued at US $420.3 million in 2018 and is estimated to reach US $610.1 million by 2026, with a CAGR of 4.9% during the forecast period. The cosmetic dyes market shows an incremental revenue opportunity of US $72.3 million from 2019 to 2026.
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Ankur Gupta, Head Marketing & Communications