The report covers forecast and analysis for the tattoo ink market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million) and on volume (Metric Tons). The study includes drivers and restraints for the tattoo ink market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the tattoo ink market on a global level.
As per the report, the global demand for tattoo ink market was valued at approximately USD 80 million in 2018 and is expected to generate revenue of around USD 142 million by end of 2025, growing at a CAGR of around 5.7% between 2019 and 2025.
The tattoo ink basically consists of a pigment combined with a carrier and is used to draw tattoos on the human body. Tattoo inks also include various additives, such as fillers, binding agents, surfactants, and preservatives. Tattoos have been a part of our world culture. The art of tattoo making dates back from centuries ago. Earlier it was used as a symbol for an indication of family lineage and religious beliefs. But today tattoo has become a style & fashion statement that an individual decides to wear on his/her body for their entire life. The inclination of youth towards tattoos and social acceptability has driven the tattoo ink market for the past two decades.
Worldwide demand for tattoo ink is growing at a rapid pace. Global demand for tattoo ink is expected to be driven by the inclination of youth towards body art and an increased number of tattoo artists and professionals. The major restraint towards the tattoo ink market is the stringent regulations & restrictions led by the government for the manufacture of tattoo ink. These regulations are made to safeguard the consumers and thus stopping a potentially large outbreak of infection worldwide.
Based on type, the market is segmented into Black & Grey tattoo inks and colored tattoo inks. Black & Grey tattoo inks held the largest market share in 2018 whereas colored tattoo inks segment is expected to register moderate CAGR over the forecast period. The demand for colored tattoo inks has increased in the near future due to the interest of consumers diverting from basic black & grey color ink to colored tattoo inks.
Based on pigment, the market is segmented into mineral, organic, and others. In the last two decades, the use of tattoo ink has shifted from mineral-based pigments to organic pigments. This is also due to the rise in awareness about organic pigments and regarding consumer safety. Consumers often find themselves allergic to iron oxides present in mineral pigment which has made them cautious about the type of pigment in the tattoo ink which is going to be injected within their body.
At the region level, North America dominated the global tattoo ink market and accounted for about 42% market share in 2018. North America region is projected to lead the market over the forecast period with progress mostly focused on the U.S. market. Today almost 20% of the US population is tattooed. There are also a few legal restrictions on tattoo ink in the US which include bans on certain colorants. In Europe, about 12% of the population carries a tattoo and is expected to continually augment in tattoo ink market. Asia Pacific is estimated to be growing at moderate CAGR over the forecast period.
Some of the key players in tattoo ink market include Intenze Tattoo Ink, Eternal Ink, Inc., Millennium Colors, Inc., Alla Prima Ink, Bloodline Tattoo Ink, StarBrite Colors Tattoo Ink, Kuro Sumi, Radiant Colors, Sacred Color, and Dynamic Color, among others.
Global Tattoo ink Market: Type Segment Analysis
- Black & Grey Tattoo Ink
- Colored Tattoo Ink
Global Tattoo ink Market: Pigment Segment Analysis
Global Tattoo ink Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa