Personal care products grows the Cosmetic Grade Color Additives Market

 

Cosmetic Grade Color Additives Market 

The global Cosmetic Grade Color Additives Market is estimated to be valued at US$ 279.6 Mn in 2023 and is expected to exhibit a CAGR of 28.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Cosmetic Grade Color Additives are used in cosmetics to provide color and enhance the appearance of various beauty products. These ingredients improve aesthetics and disguise imperfections without harming the skin. They have advantages like being long-lasting, vibrant and providing uniform color.

Market key trends:

One of the major trends in the Cosmetic Grade Color Additives Market is the growing demand for organic and natural dyes. Consumers are increasingly preferring cosmetics made from plant-derived and mineral pigments instead of petroleum-based colorants due to safety and environmental concerns. Many key players have introduced product lines with botanical agents, fruit and vegetable extracts that impart hue in a non-toxic way. For example, AlgoSource offers natural blue colorant derived from spirulina algae. Their plant-based colors are highly stable, lightfast and beneficial for the skin. This trend is expected to drive significant market growth over the forecast period.

Segment Analysis

The global cosmetic grade color additives market is segmented into natural colorants and synthetic colorants. Natural colorants dominate the market and accounted for around 60% share in 2023. Natural colorants are preferred by consumers as well as manufacturers due to increasing demand for clean label and natural ingredients in cosmetic products. Rising concerns regarding side effects of synthetic colors additives further boost the demand for natural colorants in cosmetics.

Key Takeaways

The global cosmetic grade color additives market is expected to witness high growth, exhibiting a CAGR of 28% over the forecast period, due to increasing preference for natural and organic ingredients in cosmetic products.

Regional analysis

Asia Pacific dominates the global cosmetic grade color additives market and is expected to maintain its dominance during the forecast period. Factors such as rising disposable income, increasing working women population, and growing middle class driving the demand for cosmetic products in Asia Pacific countries.

Key players

Key players operating in the cosmetic grade color additives market are AlgoSource (France), Bluetec Naturals Co., Ltd (China), DIC Corporation (Japan), E.I.D. - Parry (India) Limited (India), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Givaudan SA (Switzerland), GNT Group B.V. (Netherlands), Hangzhou OuQi Food co., Ltd. (China), Inner Mongolia Rejuve Biotech Co., Ltd. (China), Japan Algae Co., Ltd. (Japan), Jiangshan Comp Spirulina Co., Ltd (China), Merck KGaA (Germany), Phyco-Biotech Laboratories (France), Pond Technologies Inc. (Canada), Qingdao Haizhijiao Biotechnology Co., Ltd (China), Qingdao ZolanBio Co., Ltd. (China), Sensient Technologies Corporation (U.S.), SPIFORM (France), Wellisen Nutraceuticals (U.S.), Xi’an Fengzu Biological Technology Co., Ltd. (FZBIOTECH) (China), Yunnan Green A Biological Project Co., Ltd. (China), and Zhejiang Binmei Biotechnology Co., Ltd (China).

Read More

https://www.dailyprbulletin.com/cosmetic-grade-color-additives-market-size-share-growth-outlook-2023/


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