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Rise in consciousness about appearance is the reason behind the rise in demand for color cosmetic pigment in developing countries of Asia-Pacific and RoW
The color cosmetic pigments are widely used in personal care products that are referred to colorants and cosmetics ingredients that help to enhance the appearance of the human body. The color pigments by type includes products such as metal oxides and other inorganic pigments, special effect pigments which include metallic, pearlescent, and color-shifting, high performance pigments, organic pigments, natural colorants, pigment dispersion and others. The composite pigments are color additives that are used in combination to achieve variable effects, such as the ones found in pearlescent products. These products are subject to the same regulations as all other color additives. The rising consciousness about physical appearance amongst young as well as aging population is leading to the rising demand for color pigments in the cosmetics across the world. The demand for organic skin-care products is increasing rapidly in the developing economies of Asia-Pacific such as China and India. As a result, the demand for innovation high-end color cosmetic products is projected to register a high CAGR between 2014 and 2019.
By 2019, the Asia-Pacific region is expected to be the second largest consumer of color pigments followed by North America and RoW. The Indian color cosmetics market is expected to witness a CARG of more than 20% between 2013 and 2015. The color pigments market is projected to register fast growth rate in China and India due to rising concerns over appearance, growing beauty and personal care sector, and high demand for color cosmetics to reduce age related skin imperfections. Moreover, the women population in these emerging economies is expected to increase in the next five years due to increasing literacy rates and government initiatives. This in turn is projected to make the women population financially independent and thus, increase the demand for color pigments in countries such as China, India, Indonesia, and others.
The color cosmetic pigments market size is projected to reach around $1.024 billion, in terms of value, by 2019.
Cosmetic Pigments Market by Type (Commodity Pigments, Special Effect Pigments, High Performance Pigments, Organic Pigments, Natural Colorants, and Pigment Dispersions), by Application (Nail Products, Lip Products, Eye Make-up, Facial Make-up, Hair Color Products, Special Effects Products, and Others), and Geography - Regional Trends & Forecast to 2019
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