gci

Inclusive Beauty Boosts Global Cosmetic Pigment Market

Contact Author
Close
Fill out my online form.
Inclusive Beauty

Brands such as Fenty Beauty are helping to fuel the global cosmetic pigment market, which is expected to grow from $550.3 million in 2017 to $790.0 million by 2022 with a CAGR of 7.5%. Research from Research and Markets cited growing consumer demand for products that match a wide range of skin tones and product differentiation as helping to boost the pigment market.

The report also noted:

  • Rising demand for cosmetics in emerging economies, including India, China and Brazil;
  • Increased demand for root makeup, such as foundations and face powders; and
  • Heightening U.S.-based cosmetic pigment imports to the Asia Pacific region.

Additionally, the pearlescent pigment market is forecasted to grow at a CAGR of 4.58% during the 2018–2022 period, according to ReportsnReports. Consumer trends favoring the high shine and enhanced effects these pigments offer is helping the market to gain momentum.