Global Cosmetic Pigments Market Projected to Reach $1.19 Billion by 2031
News related to:MarketsandMarkets™ · 2 min read
DELRAY BEACH, Fla., Sept. 18, 2026 /CourierPR/ -- MarketsandMarkets™ has forecast the global cosmetic pigments market to reach $1.19 billion by 2031 from $0.80 billion in 2026, at a compound annual growth rate (CAGR) of 8.2% during the forecast period. The report, which includes 260 market data tables and 60 figures spread through 330 pages, provides a comprehensive analysis of the market dynamics.
According to the report, the organic pigments segment is expected to register a CAGR of 8.0% during the forecast period. The special-effect pigments segment accounted for 34% of the overall market in 2026, owing to their ability to provide unique optical effects, enhanced visual appeal, and differentiated finishes across a wide range of cosmetic products. The facial makeup segment, which includes foundations, concealers, blushes, bronzers, and other facial cosmetic products, accounted for the largest share of the overall market in 2026.
The Asia Pacific cosmetic pigments market accounted for 43% of the global market in 2026, driven by rapid growth in the cosmetics and personal care industry, expanding manufacturing activities, rising disposable incomes, and increasing demand for color cosmetics across the region. The region's growing consumption of cosmetic products across facial makeup, eye makeup, lip products, nail products, hair color products, and skincare & personal care applications is further supporting market growth.
Key players in the cosmetic pigments market include Sudarshan Chemical Industries Limited (India), DIC Corporation (Japan), Sensient Cosmetic Technologies (US), Global New Material International Holdings Limited (China), ALTANA (Germany), Kobo Products (US), Kuncai Pigments (China), LANXESS (Germany), Geotech International (India), Neelikon Food Dyes and Chemicals Limited (India), and Vibrantz (US).
Investment funding in the cosmetic pigments market is growing, helping plant-based pigment technologies. In April 2024, the UK-based Sparxell raised $3.2 million from seed investment, grants, and awards. This investment helped with product development, pilot-scale manufacturing, distributor trials, and sales in cosmetics and other uses. In January 2026, Denmark-based Octarine Bio raised $5.8 million in more Series A investment to grow its fermented pigment system for care, food, and textiles. These investments show that investors are more interested in bio-based and next-generation pigment technologies.
Revenue in the cosmetic pigments market is moving away from cheap pigments toward more valuable specialty and performance-oriented pigment solutions. Revenue from brands is looking more for pigments that give stronger color, stay on longer, stay stable, and offer many benefits, which helps sell higher-value surface-treated special-effect and other advanced pigments. Revenue from beauty trends is moving toward natural, bio-based, and sustainably sourced colorants, especially for premium formulations. Revenue from specialty effect pigments like pearlescent, metallic, and color-shifting grades is growing, as brands use finishes to back premium product positioning.
Mergers and acquisitions in the cosmetic pigments market for 2025 include Global New Material International Holdings Limited (China) acquisition of Merck's Surface Solutions business and Sudarshan Chemical Industries Limited (India) acquisition of Heubach Group (Germany). These strategic moves strengthen cosmetic pigments portfolios, expand access to complementary technologies, enhance geographic reach, and support growth across cosmetic applications.