< Key Hightlight >

MARKET OUTLOOK

Triton’s research report suggests that the Middle East and Africa’s cosmetic dyes market is likely to observe growth at a CAGR of 5.53% during the estimated years 2019-2028. Turkey, Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa shape the market in this region.

In Saudi Arabia, the demand for cosmetic products is growing at a rapid pace. This is mainly because of the high standard of living compared to other countries. Additionally, over two-thirds of the country’s population is under the age of 35, which further influences the demand for cosmetic products. Besides this, several international brands dominate in the cosmetics industry, offering a wide range of products. The hot and humid climate has also enhanced the demand for high quality, long-lasting beauty products over the past years. Hence, these trends are positively impacting the cosmetic dyes market across Saudi Arabia. 

On the other hand, cosmetic and beauty products are gaining traction at a steady pace in Turkey. Moreover, the growing popularity of high-value luxury products majorly contributes to the growth of the cosmetic dyes market. There has been a rise in the number of new cosmetic products backed by advertising campaigns and urbanization activities in recent years. Above all, the country is becoming a center for cosmetics due to the rising investments. Therefore, all these factors are estimated to supplement the development of the cosmetic dyes market within Turkey in the upcoming years. 

COMPETITIVE OUTLOOK

The key companies in the cosmetic dyes market consist of Arlex Chemi Pvt Ltd, Sensient Cosmetic Technologies, Neelikon Food Dyes and Chemicals Limited, BASF, Dayglo Color Corporation, Dystar Group, and Chromatech Incorporated.