Global Talcum and Cosmetic Powder Market Anticipated to Reach $11B by 2030 with a CAGR of +4.3% in Value

IndexBox has just published a new report: World - Talcum Powder And Other Powders For Cosmetic Use - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising global demand, the talcum and cosmetic powder market is forecasted to expand with a CAGR of +2.5% in volume and +4.3% in value from 2023 to 2030. This growth trend indicates a positive outlook for the industry in the coming years.

Market Forecast

Driven by increasing demand for talcum and cosmetic powder worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the period from 2023 to 2030, which is projected to bring the market volume to 409K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2023 to 2030, which is projected to bring the market value to $11B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Talcum Powder And Other Powders For Cosmetic Use

In 2023, global consumption of talcum and cosmetic powder stood at 344K tons, growing by 3.2% on 2022. The total consumption volume increased at an average annual rate of +3.7% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 344K tons in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

The global talcum and cosmetic powder market size rose rapidly to $8.2B in 2023, growing by 6.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated prominent growth from 2013 to 2023: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +56.3% against 2016 indices. Global consumption peaked in 2023 and is likely to see steady growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2023 were China (55K tons), the United States (40K tons) and India (27K tons), together accounting for 36% of global consumption. Thailand, the Netherlands, Brazil, Indonesia, Nigeria, Turkey and Russia lagged somewhat behind, together accounting for a further 24%.

From 2013 to 2023, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Thailand (with a CAGR of +18.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.2B) led the market, alone. The second position in the ranking was held by China ($735M). It was followed by the Netherlands.

In the United States, the talcum and cosmetic powder market expanded at an average annual rate of +9.1% over the period from 2013-2023. In the other countries, the average annual rates were as follows: China (+4.1% per year) and the Netherlands (+3.9% per year).

In 2023, the highest levels of talcum and cosmetic powder per capita consumption was registered in the Netherlands (711 kg per 1000 persons), followed by Thailand (215 kg per 1000 persons), Turkey (123 kg per 1000 persons) and the United States (119 kg per 1000 persons), while the world average per capita consumption of talcum and cosmetic powder was estimated at 43 kg per 1000 persons.

From 2013 to 2023, the average annual rate of growth in terms of the talcum and cosmetic powder per capita consumption in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+18.0% per year) and Turkey (+16.8% per year).

Production

World Production of Talcum Powder And Other Powders For Cosmetic Use

Global talcum and cosmetic powder production amounted to 342K tons in 2023, leveling off at the previous year's figure. The total output volume increased at an average annual rate of +3.3% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. Over the period under review, global production hit record highs in 2023 and is expected to retain growth in the near future.

In value terms, talcum and cosmetic powder production rose notably to $7.9B in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2013 to 2023: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by +58.2% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Global production peaked in 2023 and is likely to see steady growth in years to come.

Production By Country

China (75K tons) remains the largest talcum and cosmetic powder producing country worldwide, comprising approx. 22% of total volume. Moreover, talcum and cosmetic powder production in China exceeded the figures recorded by the second-largest producer, Thailand (35K tons), twofold. The third position in this ranking was taken by the United States (31K tons), with a 9.1% share.

From 2013 to 2023, the average annual rate of growth in terms of volume in China stood at +4.5%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+4.1% per year) and the United States (-0.5% per year).

Imports

World Imports of Talcum Powder And Other Powders For Cosmetic Use

After two years of growth, overseas purchases of talcum and cosmetic powder decreased by -1.7% to 115K tons in 2023. The total import volume increased at an average annual rate of +1.4% over the period from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, global imports hit record highs at 122K tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, talcum and cosmetic powder imports rose significantly to $3B in 2023. In general, total imports indicated a strong expansion from 2013 to 2023: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +36.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Global imports peaked in 2023 and are expected to retain growth in the near future.

Imports By Country

In 2023, the United States (14K tons), followed by the United Arab Emirates (7.6K tons), the UK (7.3K tons) and the Philippines (6.2K tons) were the major importers of talcum and cosmetic powder, together mixing up 31% of total imports. France (4.9K tons), Germany (4.9K tons), India (4.4K tons), Poland (2.6K tons), Saudi Arabia (2.5K tons) and Spain (2.5K tons) followed a long way behind the leaders.

From 2013 to 2023, the biggest increases were recorded for India (with a CAGR of +17.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($265M), France ($174M) and Germany ($135M) were the countries with the highest levels of imports in 2023, with a combined 19% share of global imports. The UK, Poland, Spain, the United Arab Emirates, Saudi Arabia, the Philippines and India lagged somewhat behind, together accounting for a further 15%.

Among the main importing countries, the Philippines, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average talcum and cosmetic powder import price stood at $26,166 per ton in 2023, growing by 8.2% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2017 when the average import price increased by 11%. Global import price peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($35,802 per ton), while the Philippines ($5,284 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Talcum Powder And Other Powders For Cosmetic Use

After two years of growth, overseas shipments of talcum and cosmetic powder decreased by -6.9% to 113K tons in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the global exports attained the peak figure at 122K tons in 2022, and then fell in the following year.

In value terms, talcum and cosmetic powder exports rose sharply to $2.8B in 2023. Overall, total exports indicated moderate growth from 2013 to 2023: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +49.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The global exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports By Country

In 2023, China (21K tons) and Thailand (21K tons) were the major exporters of talcum and cosmetic powderacross the globe, together accounting for approx. 37% of total exports. Italy (7.6K tons) held the next position in the ranking, followed by India (7.2K tons) and the United States (5.1K tons). All these countries together took approx. 18% share of total exports. France (4.8K tons), Malaysia (4.5K tons), the United Arab Emirates (3.9K tons), the UK (3.8K tons) and Poland (3.6K tons) held a relatively small share of total exports.

From 2013 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of +15.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest talcum and cosmetic powder supplying countries worldwide were France ($405M), the United States ($335M) and China ($296M), together accounting for 36% of global exports. Italy, Poland, Thailand, the UK, the United Arab Emirates, India and Malaysia lagged somewhat behind, together accounting for a further 22%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +15.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average talcum and cosmetic powder export price stood at $25,150 per ton in 2023, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($84,626 per ton), while India ($2,369 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform