KEY FINDINGS
The North America cosmetic dyes market growth is predicted to progress at a CAGR of 3.40% during the forecast period, 2021-2028. The awareness about various make-up products and their easy availability boost the cosmetics sales in the region. Also, there is a rising inclination towards organic and natural cosmetic products. Moreover, the cosmetic companies are boosting their R&D capabilities for innovating and developing cosmetic dyes that are more organic in nature.
MARKET INSIGHTS
Canada and the United States are evaluated for the North America cosmetic dyes market growth analysis. In Canada, the market growth is accredited to the rising working population, high life expectancy rates, and growing disposable incomes. As per the OECD data, on average, the households of Canada spend 22% of their gross adjusted disposable income on consumer goods. Also, Canadians have high living standards, resulting in increasing expenditure on skin care and cosmetics.
Further, the government initiatives like the 2021-2023 Immigration Levels Plan cater to immigration. This is set to increase the cosmetic products demands. Moreover, the North American region has a very diverse, multi-ethnic, and multi-racial population. Therefore, cosmetic dyes that match the skin tone of different ethnicities are in high demand. Such factors contribute to overall market growth.
COMPETITIVE INSIGHTS
Some of the leading companies in the market include Koel Colours Pvt Ltd, Vivify Speciality Ingredients, Kolorjet Chemicals Pvt Ltd, Neelikon Food Dyes & Chemicals Limited, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments