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MARKET OUTLOOK

Triton Market Research’s report assessed that the European cosmetic dyes market would register growth at a compound annual growth rate of 4.56% during 2021-2028. Italy, Spain, Germany, Russia, the United Kingdom, France, and Rest of Europe form the market in this region.

As per Cosmetics Europe, Germany has a well-established cosmetic industry, leading in consumption and production. Additionally, consumers are highly involved in grooming and personal appearance, spending heavily on cosmetic products like makeup products, hair colorants, and others. Besides, cosmetics products produced in the country offer few toxins, resulting in higher sales. Furthermore, the country is witnessing a rise in the aging population, which is estimated to grow significantly by 2050. This is estimated to enhance the demand for cosmetic products in the coming years. Therefore, these factors are likely to widen the scope and growth of the cosmetic dyes market. 

France has been witnessing a surge in the women workforce across industries. According to the World Bank, female labor participation is likely to surge in the upcoming years due to government policies. This will enhance the demand for cosmetic and skincare products among the women workforce. Further, consumers are highly conscious about their appearance, which has surged the spending on cosmetic products, including face masks and creams. Besides this, concealer, blush, and bronzer are widely adopted products in the country. As a result, this growth in the demand for makeup products will ultimately drive the progress of the cosmetic dyes market in France. 

COMPETITIVE OUTLOOK 

Leading companies in the cosmetic dyes market consist of Chromatech Incorporated, Koel Colours Pvt Ltd, Dayglo Color Corporation, Dystar Group, Sensient Cosmetic Technologies, Merck Group, and BASF.