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Tattoo Inks Market Overview
The Tattoo Inks Market size is forecast to reach US$248.93 million by 2030, after growing at a CAGR of 5.4% during the forecast period of 2024-2030. Tattoo inks are primarily composed of two components which include pigments and carriers. Carriers are mostly composed of a mixture of water, acrylic resin, isopropyl alcohol, glycerin, and witch hazel. Another common ingredient used in tattoo inks is titanium dioxide, which is a white pigment that can be combined with other colors to create new shades of ink. The type of pigments used in tattoo inks can be categorized into organic, minerals, vegetable-based, plastic-based, and other types. According to Marine Agency Corporation, global tattooing accounts for almost US$ 1.3 billion per year. The increasing demand for tattoos in multiple regions along with the surging demand for organic tattoo inks acts as the major driver for the market. On the other hand, health hazards and strict regulations associated with the use of tattoo inks may act as a major constraint for the market.
The tattoo inks market is poised for steady growth, fueled by several key trends. Rising disposable income and tattoo popularity, particularly in Asia Pacific, are driving demand. While safety concerns exist, the market responds with an increasing focus on organic, vegan, and even fluorescent ink options. Regulations are tightening, prompting development of safer formulations, leading players are innovating to meet evolving consumer preferences. In essence, the tattoo inks market thrives on self-expression, safety consciousness, and technological advancements, offering exciting potential for the future.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown had significantly reduced economic activities as a result of country-wise lockdowns, and the decline of supply and demand chain all over the world, thus, affecting the market. Studies show that the outbreak of COVID-19 forced tattoo studios to shut down due to a lack of operations across multiple countries around the world. However, a slow recovery in the tattoo industry has been witnessed across many countries around the world since 2021. For instance, recent insights from Time news states that the tattoo industry increased its market size by 23.2% and reached up to US$ 1.4 billion in 2021. In this way, steady growth of the tattoo industry is expected to increase the demand for tattoo inks composed of acrylic resin, isopropyl alcohol, glycerin, and pigments. This indicates a slow and steady recovery of the market in the upcoming years.
Market Snapshot:
Report Coverage
The report: “Tattoo Inks Market Report – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Tattoo Inks Industry.
By Product Type: Black & Grey Tattoo Ink, Colored Tattoo Ink.
By Pigment Type: Organic, Minerals, Vegetable-based, Plastic-based, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).
Key Takeaways
● Black & Grey Tattoo Ink type in Tattoo Inks Market is expected to see the fastest growth, especially during the forecast period. Its wide range of benefits and ease of use made it stand out in comparison to other colored tattoo inks in the market.
● Organic pigment type in Tattoo Inks Market is expected to see the fastest growth, especially during the forecast period, owing to its increasing demand and benefits over other types of pigments.
● North America dominated the Tattoo Inks Market in 2023, owing to its increasing demand from the tattoo industry of the region. For instance, according to CompareCamp, over 22,000 tattoo parlors have been built in the U.S, and the number increases by one per day.
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Tattoo Inks Market Segment Analysis – By Product Type
Black & grey tattoo ink held the largest share in the Tattoo Inks Market in 2023 and is expected to grow at a CAGR of 5.5% between 2024 and 2030, owing to its increasing demand due to the characteristics and benefits it offers over other types of colored tattoo inks. Black & grey tattoo inks are easier to make and require less time than colored tattoo inks. They last significantly longer than colored tattoos and require low maintenance since they don't fade easily and do not require frequent touch-ups as opposed to colored tattoo inks. Black and grey tattoo inks are more versatile in nature and work well with almost any design. Moreover, they are faster, relatively cheaper, and economical in comparison to colored tattoo inks. Hence, all of these benefits are driving its demand over other types of colored tattoo inks, which in turn, is expected to boost the market growth in the upcoming years.
Tattoo Inks Market Segment Analysis – By Pigment Type
Organic pigment type held the largest share in the Tattoo Inks Market in 2023 and is expected to grow at a CAGR of 5.6% between 2024 and 2030, owing to its increasing demand over other types of pigments. Organic pigments offer a range of benefits such as lightness in weight and small particle size which helps in creating high volumes of ink. They are more moisture resistant and provide a natural gloss in comparison to minerals, plastic-based, and other types of pigments. They are transparent in nature, have a high tinting strength, and have excellent lightfast ratings. Moreover, they are less toxic in nature as opposed to minerals, plastic-based, and other types of pigments. Thus, all of these properties are driving its demand over other types of pigments, which in turn, is expected to boost the market growth in the upcoming years.
Tattoo Inks Market Segment Analysis – By Geography
North America held the largest share in the Tattoo Inks Market in 2023 up to 39.33%, owing to the growing demand for tattoo inks in the region. For instance, recent insights published by CompareCamp state that tattooing is considered to be the sixth fastest growing industry in North America. 11% of people belonging to the age group of 50 to 64 years in the United States have tattoos. 36% of the Armed Forces in the U.S. which includes military veterans also have tattoos. Furthermore, over 21,000 tattoo parlors have been built in the U.S, and the number increases by one per day. Americans spend around US$ 1.65 billion on tattoos per year. Hence, such trends are driving the demand for tattoos in the region. This, in turn, is expected to boost the growth of the Tattoo Inks Market during the forecast period.
Tattoo Inks Market Drivers
The increasing demand for tattoos in multiple regions across the world is most likely to increase demand for the product
Tattooing has become one of the major trends in multiple regions across the world in the past few years. For instance, according to recent insights published by CompareCamp in 2023, the global tattoo industry is expected to grow by 8% in the next ten years. It further states that the number of people with at least one tattoo reached up to 49% in Italy, 48% in Sweden, 46% in the USA, and 43% in Australia. Likewise, the number of people with tattoos reached up to 43% in Argentina, 42% in Spain, 41% in Denmark, and 40% in the UK. In this way, thus trends associated with tattooing are propelling the growth of the tattoo industry in multiple regions across the world. This is expected to accelerate the growth of the market in the upcoming years.
The surging demand for organic tattoo inks is most likely to increase the demand for the product
Organic tattoo inks tend to be brighter, rich, and bolder in color in comparison to inorganic tattoo inks. They provide more resistance to moisture and impart a natural gloss in comparison to inorganic tattoo inks. They also offer a high tinting strength and transparency. Moreover, they are less toxic in nature as opposed to inorganic tattoo inks. Thus, all of these properties of organic tattoo inks are driving its demand in the market. For instance, according to Brenntag, a leading company in the chemicals industry, the organic pigments industry is expected to reach up to US$ 4.89 billion by 2024. In this way, the surging demand for organic tattoo inks, owing to their non-toxicity and other above-mentioned properties, is expected to drive the growth of the Tattoo Inks Market in the upcoming years.
Tattoo Inks Market Challenges
Health hazards associated with the use of tattoo inks may confine the market growth
Tattoos can possibly lead to a number of risks, which include allergic reactions, skin infections, and scarring. Colored ink tattoos have a higher risk of causing allergic reactions like itchiness or rashes. In addition to this, tattoos are most likely to cause skin infections as well. Other skin-related problems such as granuloma can be formed around the tattoo. It can also cause keloids, a result of an overgrowth of scar tissues around the tattoo. In rare cases, it is probable to experience substantial skin reactions at the site of the tattoo while undergoing an MRI (Magnetic Resonance Imaging) test. Thus, such health hazards and strict regulations associated with the use of tattoo inks may confine the growth of the market.
These health risks have the potential to deter potential customers, especially those with sensitive skin or health conditions. They can also lead to stricter regulations, increasing costs for manufacturers and potentially restricting the availability of certain colors or ink types. However, the development of safer, organic, and vegan inks addresses some concerns. Additionally, increased awareness and education around safe tattoo practices can mitigate risks and boost consumer confidence. Ultimately, navigating the delicate balance between artistic expression and health concerns will be crucial for the tattoo inks market to achieve sustainable growth.
Tattoo Inks Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Tattoo Inks Market. Tattoo Inks top 10 companies are:
1. Eternal Ink
2. Intenze Tattoo Ink
3. Millenium colors
4. Kuro Sumi
5. Alla Prima Tattoo Ink
6. Bloodline Tattoo Ink
7. Dynamic Tattoo Inks
8. StarBrite Colors Tattoo Ink
9. Radical Ink
10. Fantasia Tattoo Inks and others
Acquisitions/Technology Launches
● In January 2022, BIC SA announced the acquisition of the tattoo company Inkbox Ink Inc. in Canada for US$ 65 million. The addition of Inkbox is expected to enhance the company portfolio, which includes temporary tattoo markers, BodyMark by BIC. It is also expected to strengthen the company’s e-commerce capabilities.
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1. Tattoo Inks Market- Market Overview
1.1 Definitions and Scope
2. Tattoo Inks Market - Executive Summary
2.1 Key Trends by Product Type
2.2 Key Trends by Pigment Type
2.3 Key Trends by Geography
3. Tattoo Inks Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Tattoo Inks Market - Startup companies Scenario Premium
4.1 Major startup company analysis:
11.1.1 Investment
11.1.2 Revenue
11.1.3 Product portfolio
11.1.4 Venture Capital and Funding Scenario
5. Tattoo Inks Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Tattoo Inks Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Tattoo Inks Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Tattoo Inks Market – By Product Type (Market Size - US$ Million/Billion)
8.1 Black & Grey Tattoo Ink
8.2 Colored Tattoo Ink
8.2.1 Red
8.2.2 Yellow
8.2.3 Blue
8.2.4 Orange
8.2.5 Purple
8.2.6 Pink
8.2.7 Green
8.2.8 Brown
8.2.9 Others
9. Tattoo Inks Market – By Pigment Type (Market Size - US$ Million/Billion)
9.1 Organic
9.2 Minerals
9.3 Vegetable-based
9.4 Plastic-based
9.5 Others
10. Tattoo Inks Market - By Geography (Market Size - US$ Million/Billion)
10.1 North America
10.1.1 USA
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Netherlands
10.2.6 Spain
10.2.7 Russia
10.2.8 Belgium
10.2.9 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia and New Zealand
10.3.6 Indonesia
10.3.7 Taiwan
10.3.8 Malaysia
10.3.9 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Colombia
10.4.4 Chile
10.4.5 Rest of South America
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa
11. Tattoo Inks Market – Entropy
11.1 New Product Launches
11.2 M&As, Collaborations, JVs, and Partnerships
12. Tattoo Inks Market – Industry/Segment Competition Landscape
12.1 Company Benchmarking Matrix – Major Companies
12.2 Market Share by Key Geography - Major companies
12.3 Market Share at Country Level - Major companies
12.4 Market Share by Key Product Type/Product category - Major companies
13. Tattoo Inks Market – Key Company List by Country Premium
14. Tattoo Inks Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
14.1. Eternal Ink
14.2. Intenze Tattoo Ink
14.3. Millenium colors
14.4. Kuro Sumi
14.5. Alla Prima Tattoo Ink
14.6. Bloodline Tattoo Ink
14.7. Dynamic Tattoo Inks
14.8. StarBrite Colors Tattoo Ink
14.9. Radical Ink
14.10. Fantasia Tattoo Inks and others
15. Tattoo Inks Market – Acquisitions/Technology Launches
LIST OF TABLES
1.Global Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
2.Global Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
3.Global Competition Landscape Market 2023-2030 ($M)
4.Global Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 (Volume/Units)
5.Global Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 (Volume/Units)
6.Global Competition Landscape Market 2023-2030 (Volume/Units)
7.North America Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
8.North America Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
9.North America Competition Landscape Market 2023-2030 ($M)
10.South America Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
11.South America Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
12.South America Competition Landscape Market 2023-2030 ($M)
13.Europe Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
14.Europe Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
15.Europe Competition Landscape Market 2023-2030 ($M)
16.APAC Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
17.APAC Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
18.APAC Competition Landscape Market 2023-2030 ($M)
19.MENA Tattoo Inks Market Analysis and Forecast, by Type Market 2023-2030 ($M)
20.MENA Tattoo Inks Market Analysis and Forecast, by Pigment Market 2023-2030 ($M)
21.MENA Competition Landscape Market 2023-2030 ($M)
LIST OF FIGURES
1.US Tattoo Inks Market Revenue, 2023-2030 ($M)
2.Canada Tattoo Inks Market Revenue, 2023-2030 ($M)
3.Mexico Tattoo Inks Market Revenue, 2023-2030 ($M)
4.Brazil Tattoo Inks Market Revenue, 2023-2030 ($M)
5.Argentina Tattoo Inks Market Revenue, 2023-2030 ($M)
6.Peru Tattoo Inks Market Revenue, 2023-2030 ($M)
7.Colombia Tattoo Inks Market Revenue, 2023-2030 ($M)
8.Chile Tattoo Inks Market Revenue, 2023-2030 ($M)
9.Rest of South America Tattoo Inks Market Revenue, 2023-2030 ($M)
10.UK Tattoo Inks Market Revenue, 2023-2030 ($M)
11.Germany Tattoo Inks Market Revenue, 2023-2030 ($M)
12.France Tattoo Inks Market Revenue, 2023-2030 ($M)
13.Italy Tattoo Inks Market Revenue, 2023-2030 ($M)
14.Spain Tattoo Inks Market Revenue, 2023-2030 ($M)
15.Rest of Europe Tattoo Inks Market Revenue, 2023-2030 ($M)
16.China Tattoo Inks Market Revenue, 2023-2030 ($M)
17.India Tattoo Inks Market Revenue, 2023-2030 ($M)
18.Japan Tattoo Inks Market Revenue, 2023-2030 ($M)
19.South Korea Tattoo Inks Market Revenue, 2023-2030 ($M)
20.South Africa Tattoo Inks Market Revenue, 2023-2030 ($M)
21.North America Tattoo Inks By Application
22.South America Tattoo Inks By Application
23.Europe Tattoo Inks By Application
24.APAC Tattoo Inks By Application
25.MENA Tattoo Inks By Application