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Wet Pet Food Market Research Report - Opportunities & Challenges With Completely Different Segments, Forecast- 2032
The overall demand for wet pet food is poised to grow at a steady CAGR of 5.3% between 2022 and 2032, totaling a market valuation of US$ 36 Bn by 2032
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Cosmetic Pigments Market Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2033
According to Future Market Insights, the cosmetic pigments market size is anticipated to reach around US$ 24.24 Bn by 2033, with a CAGR of 6.45% from 2023 to 2033. The cosmetic pigments market size is anticipated to be US$ 12.98 Bn in 2023.
Due to their extensive use, the demand for cosmetic pigments will dramatically rise. The growing trend of men's grooming will continue to fuel the market for cosmetic pigments during the period of forecasting.
The market for cosmetic pigments will benefit from the expansion of grooming salons and consumer spending on cosmetics. The pigments and antiperspirants used in cosmetics have a matte and highly glittery appearance.
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The cosmetic pigments collection includes white pigments that look natural, metallic shades, and shiny pigments. The product is used to improve the visual appeal of formulations in a variety of cosmetic products, including lipsticks and eye makeup. The growing fashion and entertainment industries will boost demand for cosmetic pigments, which will benefit the cosmetic pigments market.
Most recently, regional industrial expansion has advanced across the Middle East and the African continent, particularly in the development of manufacturing facilities. Economic and political instability in Latin America is additional problems that prevent the corporate growth of the cosmetic pigments market.
The Market's Growth rate will be Driven by Rising Disposable Income and Changing Lifestyles.
The changing lifestyle and increasing level of disposable income will cushion the market's growth rate. As the GDP of emerging economies such as China and India rises, so does their standard of living. As a result of rising income levels and changing lifestyles brought about by urbanization, the demand for cosmetic pigments and personal care goods is skyrocketing.
Strict laws governing the usage of some pigments will slow the market's expansion.
The usage of some pigments is subject to stringent regulations, which will slow the cosmetic pigment market expansion. Manufacturers of cosmetic pigments are expected to follow tight guidelines for cosmetics products. Labeling, packaging, and the ingredients used to make products are all subject to various restrictions
The Demand for Organic Cosmetics will Rise, Creating New Business Prospects
Many dangerous substances are still used as cosmetic ingredients. These chemicals may have a negative impact on human health and raise the likelihood of health issues when many cosmetic products are worn at once.
Cosmetic pigment producers are searching for more organic and environmentally friendly cosmetic emulsifiers as a result of growing public interest in cosmetics and market changes. There is a significant demand for organic pigments that are produced sustainably and with minimal impact on the environment.
Asia Pacific Outlook
Due to the increasing adoption of organic pigments in cosmetics and personal care products there, Asia-Pacific is predicted to grow during the forecast period. People want to purchase goods that will enhance their overall appearance as they become wealthier. They are buying more cosmetics, which accounts for the increasing demand for cosmetic pigments that has been shown as well as the rising sales of cosmetic pigments.
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Key Takeaways
In the forecast period, the cosmetic pigments market segment with the biggest revenue share based on elemental composition is inorganic pigments.
By application, the facial cosmetics category has dominated the market for cosmetic pigments in the forecast period.
The greatest market share for cosmetic pigments in the forecast period, according to geography, is in Europe.
The region of Europe generated 35% of the revenue share for cosmetic pigments in the forecast period.
Competitive Landscape
Some of the major players operating in the cosmetic pigments market BASF SE (US), Sun Chemical (US), Sensient Cosmetic Technologies (US), Merck KGaA (Germany), Altana (Germany), Sudarshan Chemical Industries Limited (Pune), ECKART (UK), Kobo Dynamic Website (US), Clariant (Switzerland), LANXESS (Germany), Venator Materials PLC (UK), GEOTECH (Netherlands, Elemental SRL (Romania), Kolortek Co., Ltd (China), Sandream Impact LLC (USA), VIBFAST PIGMENTS PVT. LTD. (India), ), Koel Colours Pvt. Ltd. (India), Yipin Pigments (US), NIHON KOKEN KOGYO CO.,LTD. (Tokyo), Ferro Corporation (US), Dayglo Color Corp (Ohio), Neelikon (Mumbai), Miyoshi Kasei, Inc. (Japan), among others.
Recent Development
To market satellite and optronic products with a scientific foundation to the global personal care market, leading chemical solutions provider BASF formed a strategic alliance with UK-based start-up siHealth Ltd in June 2019. The partnership should facilitate new technological developments in the personal care industry while accelerating BASF's products.
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