Cosmetic Dyes Market

Global Cosmetic Dyes Market Size (2024 to 2029)

The size of the global cosmetic dyes market is predicted to be worth USD 479.3 million by 2029 from USD 359.06 million in 2024, growing at a CAGR of 5.95% from 2024 to 2029.

Cosmetic dye is an essential product for many cosmetic items to offer the specific color needed for them. Cosmetic dyes are a type of cosmetic additive that gives color to various cosmetic products such as hair oil, lotions, lipsticks, nail polishes, soaps, and eye colours. Synthetic cosmetic dyes are widely used in all cosmetic applications. These dyes exhibit better stability properties and impart a more intense color. In addition, the manufacturing cost of synthetic cosmetic dyes is lower than that of natural cosmetic dyes. However, the demand for natural cosmetic dyes is supposed to increase at a faster rate as they are less damaging to the skin. Food, pharmaceutical, and cosmetic dyes are available in brilliant shades. Cosmetics largely involve the consumption of synthetic dyes compared to natural dyes. Cosmetic dyes are used for products such as nail paints, hair dyes, foundation, eyeliner, blush, mascara, and other makeup products. Consumers use these products to modify or improve their appearance.

Global Cosmetic Dyes Market Drivers:

The rising demand for cosmetic and personal care products is primarily driving the growth of the cosmetic dyes market. Cosmetic dyes are used in nail products, lip products, eye makeup, face makeup, hair coloring products, and toiletries. Among all these types, the usage of cosmetic dyes in hair coloring products is high and is growing rapidly. Hair coloring products can be defined as products used to modify the color of the hair. People choose hair coloring to cover up grey hair and because colored hair is considered more modern. The demand for hair coloring products is growing exponentially and is resulting in the increasing usage of cosmetic dyes and contributing to the global market growth.

The awareness of the ingredients used in the manufacturing of cosmetic and personal care products worldwide is expected to propel the cosmetic dyes market growth. According to a survey, an estimated 72% of consumers keep a check on the ingredients used before buying cosmetic products. Also, the adoption of natural dyes is believed to support the growth of the global cosmetic dyes market. Acquisition of cosmetic dyes in toiletries, skincare, and hair care products drives the global cosmetic dyes market. The increasing preference for hair color, permanent or temporary, is supposed to increase the demand for cosmetic dyes during the forecast period. In addition, increasing research activity in the field of semi-permanent hair dye without ammonia formulation is expected to fuel the demand for cosmetic dyes during the forecast period. Another factor driving the global cosmetic dyes market is the continued awareness of the quality of facial cosmetic products such as wrinkle treatment and premium lotions among the young and geriatric population.

Factors such as increasing innovation in cosmetic formulations, growing popularity of DIY beauty products and the rapidly growing cosmetic industry in the Asia-Pacific region, increasing usage of technological advancements such as 3D printing in cosmetics and growing disposable income are further fuelling the growth rate of the cosmetic dyes market.

Global Cosmetic Dyes Market Restraints:

However, the high cost of natural or organic cosmetics compared to cosmetics made from synthetic ingredients is expected to dampen the growth of the potential market. Stringent regulatory requirements, health and safety concerns and price volatility in raw materials for cosmetic dyes are hindering the global market growth.

REPORT COVERAGE:

This research report on the global cosmetic dyes market has been segmented and sub-segmented based on type, application and region.

Global Cosmetic Dyes Market – By Type:

• Natural
• Synthetic

Based on type, the synthetic segment accounted for 66.4% of the global market share in 2023 and is expected to register the fastest CAGR throughout the forecast period. The growing usage of synthetic dyes in formulations like eyeshadows and lipsticks for intense and diverse color options is primarily driving the growth of the synthetic segment.

The natural dyes segment is anticipated to grow steadily during the forecast period as these products are less harmful to the skin. This property of natural dyes has increased their demand in the cosmetic dyes market.

Global Cosmetic Dyes Market – By Application:

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

Based on application, the hair color segment led the market and held 30.8% of the global market share in 2023 and is expected to continue growing considerably during the forecast period. The introduction of sustainable and eco-friendly hair dye formulations in response to the demand for clean beauty is propelling the growth of the hair color segment in the global market. The growing experimentation with hair colors, the acceptance of non-traditional colors and the desire for self-expression are further boosting the growth rate of the hair color segment in the global market.

The facial makeup segment is another major segment and had a share of 24.9% of the worldwide market in 2023 and is predicted to grow at a promising CAGR during the forecast period. The launch of AI-powered tools for virtual try-on of foundations and concealers to enhance the online shopping experience and the availability of diverse shade ranges in foundations to cater to a broader customer base is driving the growth of the facial makeup segment in the global market. The rising demand for BB creams and foundations, the growing emphasis on personalized beauty, the rise of inclusive beauty standards, the desire for flawless skin and the popularity of makeup tutorials on social media are further propelling the growth of the facial makeup segment in the global market.

Global Cosmetic Dyes Market – By Region:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa 

Europe was the largest regional segment in the global cosmetic dyes market in 2023 and accounted for 32.4% of the global market share. The growth of the European market is majorly driven by the changing trend of hair coloring and the need for new cosmetic dyes in a plethora of applications in the region. The growing preference for natural and organic cosmetic dyes from European consumers, growing demand for premium cosmetic products, rising focus on eco-friendly and cruelty-free formulations, strict cosmetic regulations encouraging innovation, the rise of niche beauty brands, and the popularity of beauty influencers are further contributing to the growth rate of the European market.

The North American market accounted for 24.7% of the worldwide market share in 2023 and is expected to register promising growth during the forecast period owing to the various key developments seen in the region that have increased the demand for cosmetic products in the North American region. Factors such as high consumer spending on beauty products, a strong emphasis on innovation in cosmetic formulations, the growing demand for clean and sustainable beauty products, the influence of social media on beauty trends and the presence of key cosmetic manufacturers are further boosting the growth of the North American market. The U.S. had the major share of the North American market in 2023 and the trend is likely to continue throughout the forecast period. The economies of North America and Europe are mature and are supposed to experience moderate growth during the conjecture period. The advanced demand for high-end cosmetic products, such as oil-based lipsticks and serums, among the increased geriatric population is fueling the call for cosmetic dyes in North America and Europe.

The cosmetic dyes market in the Asia-Pacific region is anticipated to grow at the fastest CAGR during the forecast period. The Asia-Pacific is a leading region in terms of the consumption of cosmetic dyes. The increase in disposable income, due to the improvement in economic conditions, coupled with the increase in staff salaries among working women with higher incomes, is driving the demand for cosmetic dyes in the region.

The market in Latin America the Middle East and Africa is expected to expand at a significant rate during the foreseen period. Rising consumer spending on health and beauty products with high per capita income in the UAE and Brazil is anticipated to boost the market in Latin America and the Middle East and Africa.

KEY MARKET PLAYERS:

Companies playing a major role in the global cosmetic dyes market include Sensient Cosmetic Technologies, Clariant, Dystar, Aakash Chemicals and Dyestuffs, Neelikon, Chromatech, Goldmann Group, KoelColours, Organic Dyes and Pigments and Pylam.

RECENT HAPPENINGS IN THE MARKET:

• In 2018, Aakash Chemicals & Dye-Stuffs, Inc., a leading manufacturer of cosmetic dyes, based in the United States, acquired Sandream Impact, LLC, a supplier of dyes and other specialty chemicals to the cosmetics, personal care, and nutritional industries.
• In October 2018, Clariant launched a long-lasting magenta shade for the cosmetics industry. The new Sanodye Magenta LF combines red and blue in a unique shade formula that won't bleed. Sanodye Magenta LF exhibits good dye bath stability and enables a stable dyeing process.
• Sensient Cosmetic Technologies expanded its manufacturing site in Saint Ouen L'Aumône, France. This expansion has enabled the company to increase its production capacity and therefore also improve the supply chain and devote more resources to its R&D to develop a global center of expertise in cosmetics.