2016-11-14 16:57:53

Cosmetic Pigments Market Will Rise To $11.6 Billion in 2021

2016-11-14 16:57:53

Research firm 'MarketsandMarkets' has a new report, Cosmetic Pigments Market by Elemental Composition, Technology, Type & Application - Global Forecast to 2026. It forecasts that the global market for cosmetic pigments is projected to reach USD 11.57 billion by 2021, growing at a CAGR of 7.2% during the forecast period, which is 2016 to 2021.

What's driving growth? An increasing number of new product launches and expansions, the company says.

Makeup Leads Growth

Facial make-up is the largest application segment of the cosmetic pigments market. Cosmetic pigments of superior quality are being used to manufacture products such as lipstick and eyeliner.

This category is projected to lead the cosmetic pigments market, in terms of value and volume, from 2016 to 2021. The increase in the demand for root make-up products, such as foundations and face powders is expected to drive this application.


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