Cosmetic dyes market size will be $ 310 million in 2021 and is estimated to reach $ 396 million by 2026, with a CAGR of 5.5% from 2021 to 2026.
Cosmetic dye is an essential product for many cosmetic items to offer the specific color needed for them. The various applications include toiletries and cosmetics. 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 colors.
Synthetic cosmetic dyes are widely used in all cosmetic applications. These dyes exhibit better stability properties and impart 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.
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, devote more resources to its R&D to develop a global center of expertise in cosmetics.
Cosmetic dyes Market growth and trends:
Synthetic dyes are expected to be the fastest-growing type of cosmetic dyes market during the forecast period while natural dyes are the second-fastest-growing type. The cosmetic dyes market is experiencing significant growth due to the increasing demand for cosmetic and personal care products. Applications of cosmetic dyes include nail products, lip products, eye makeup, face makeup, hair coloring products, and toiletries.
Hair coloring products are the largest and fastest-growing cosmetic applications. Hair coloring products can be defined as products used to modify the color of the hair. The main reason people choose hair coloring is to cover up grey hair, and because colored hair is considered more modern. The hair coloring industry is growing because people are ready to experiment with their hair color.
Cosmetic dyes Market Drivers and Restraints:
Growing demand for cosmetic products such as hair color, lip products, eye makeup, and others across the world is a key factor estimated to drive the growth of the potential market. The awareness of the use of personal care products in developing economies is expected to drive market growth over the next 10 years. Also, the adoption of natural dyes is believed to support the growth of the global cosmetic dyes market.
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. 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 outlook 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.
Market Size Available
2021 – 2026
By Type, the basis of application
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Sensient Cosmetic Technologies, Clariant, Dystar, Aakash Chemicals and Dyestuffs, Neelikon, Chromatech, Goldmann Group, KoelColours
Cosmetic dyes Market segmentation:
Based on type, the global cosmetic dyes market is categorized into natural and synthetic dyes. Natural dyes are expected to experience robust growth over 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.
On the basis of application, the cosmetic dye market is sectorized into facial makeup, eye makeup, hair color, lip products, nail products, and toiletries. Hair coloring products are considered the leading cosmetic applications.
By region, Europe was the largest cosmetic dyes market in 2018 and accounted for the highest market share, both in terms of turnover and volume. This was due to the changing trend of hair coloring and the need for new cosmetic dyes in a plethora of applications in the region. The North American cosmetic dyes market is expected to experience significant gains during the outlook period, owing to the various key developments seen in the region which have increased the demand for cosmetic products in the locale.
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 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 market in Latin America and 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:
Some key players operating 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, among others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cosmetic Dyes Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cosmetic Dyes Market, By Application
6.2.1 Facial Makeup
6.2.2 Eye Makeup
6.2.3 Hair Color
6.2.4 Lip Products
6.2.5 Nail Products
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Sensient Cosmetic Technologies
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.4 Aakash Chemicals and Dyestuffs
8.7 Goldmann Group
8.9 Organic Dyes and Pigments
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures