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MARKET OUTLOOK

Triton’s research report on the Asia-Pacific cosmetic dyes market predicts the market to progress at a CAGR of 5.77% during the projected years 2021-2028. South Korea, India, China, Japan, Australia & New Zealand, ASEAN countries, and Rest of Asia-Pacific collectively outline the market in the given region. 

Japan is among the largest players in the cosmetic industry. Moreover, the consumers are highly conscious about the quality and brands, having significant knowledge with respect to chemical formulations used in cosmetic products. Consumers widely adopt smudge-proof eye makeup products in the country. Besides this, consumers always try to experiment with new products. Hence, such makeup trends and cosmetic culture are estimated to boost the growth of the cosmetic dyes market across Japan. 

Similarly, appearance and beauty are highly important in South Korean culture, which has made cosmetic products popular among consumers. Moreover, beauty products are majorly added in men’s beauty regimes, including lipstick or lip balm and eyebrow makeup. Further, Korean beauty products are characterized by affordable prices, attractive packaging, and innovative products. Since the cosmetic industry is big and complex, the competition levels are relatively higher. This adds to the studied market significantly across the country. 

Other than this, consumers are highly knowledgeable about cosmetic products, which compels companies to develop innovative products to attract more consumers. Above all, the growth in Korean pop culture, dramas, and movies significantly drives the demand for cosmetics, which drives the South Korean cosmetic dyes market to a large extent. 

COMPETITIVE OUTLOOK

The major companies thriving in the cosmetic dyes market are Vivify Speciality Ingredients, Dystar Group, Sensient Cosmetic Technologies, Clariant, Pylam Products Company Inc, Merck Group, and Koel Colours Pvt Ltd.