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CST: 23/10/2019 23:04:33   

Cosmetic Dyes Market to witness a CAGR of 3.08% during 2018-2024

225 Days ago

NEW YORK, March 12, 2019 (GLOBE NEWSWIRE) -- The global cosmetic dyes market is expected to witness a CAGR of 3.08% to reach USD 2.01 billion by 2024. Increase of demand from end-user companies is likely to fuel the market growth over the forecast period. Moreover, increasing per capita expenditure of the target demographic is expected to propel the market growth during 2018 to 2024.

Cosmetic dyes are used to impart colour to the skin (or other appendages) of users of decorative cosmetic products. Cosmetic dyes are commonly used for skin care, hair care, and make-up. Demand from the personal care industry has risen with the increase in per capita income of the targeted demographic, and is likely to propel the market over the forecast period.

Key findings from the report:

  • The global cosmetic dyes market is expected to witness a CAGR of 3.08% to reach USD 2.01 billion by 2024.

  • By application, hair color segment is expected to experience the fastest CAGR during 2018-2024 owing to increasing trend of hair coloring

  • Natural dyes segment is expected to experience significant growth attributed to increasing demand and adoption of natural products

  • Asia Pacific held the major share of the market in the year 2017, owing to huge population of this region

  • Some of the key companies operating in the market include Clariant; Chromatech; Goldman Group; Koel Colours; Pylam; Aakash Chemicals & Dyestuffs; Sensient Cosmetic Technologies; Dystar; Neelikon; and Organic Dyes & Pigments, among others

Sythentic dyes segment : likely to experience the fastest CAGR during 2018-2024

Synthetic dyes type segment is likely to register the fastest CAGR in terms of value and volume, in the cosmetic dyes market, during the forecast period. This growth can be attributed to applications of cosmetic dyes include eye makeup, nail products, lip products, hair color products, facial makeup, and toiletries.

Hair color segment : held the largest share of the market in 2017

Hair color segment held the largest share of the market in the year 2017. This market share can be attributed to the rise in geriatric population willing to use cosmetic hair dyes. Additionally increase in hair color fashion has led to the growth of this segment in the global market. Moreover, the emerging market for natural hair dyes is expected to give impetus to the market during the forecast period.

Browse full research report with TOC on  "Global Cosmetic Dyes Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024" at: https://www.energiasmarketresearch.com/global-cosmetic-dyes-market-report/

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Cosmetic dyes market - Regional insight

Asia-Pacific held the largest share of the global market in 2017. The growth in the region is mainly due to huge population of this region. Increasing number of domestic manufacturers to fulfil the intense domestic demand is expected to give impetus to the market growth over the forecast period. Additionally, economic development and rise in per capita income is anticipated to drive the growth of the market over the coming years.

The report segments cosmetic dyes market on the basis of type, application, and region.

By Type

  • Synthetic Dyes
  • Natural Dyes

By Application

  • Hair Color
  • Facial Make-up
  • Eye Make-up
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

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