Global Market for Cosmetic Dyes Forecasted to Reach $476.9 Million by 2027

According to Research and Markets’ latest report entitled “Cosmetic Dyes: Global Strategic Business Report,” The global market for Cosmetic Dyes estimated at $305.6 million in 2020, is projected to reach a size of $476.9 million by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Synthetic Dyes, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach $291.3 million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Natural Dyes segment is readjusted to a revised 6.3% CAGR for the next 7-year period. China, the world's second largest economy, is forecasted to reach a projected market size of $102.5 million by the year 2027 trailing a CAGR of 10.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecasted to grow at 3.9% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecasted to grow at approximately 4.8% CAGR.