Global lipstick Market to reach USD 13.87 billion by 2028

According to the latest research by SkyQuest Technology, the lipstick market was valued at USD 13.87 billion in 2021. It is expected to reach USD 9.57 billion by 2028, with a CAGR of 5.5% during the forecast period of 2022 - 2028. The research provides an up-to-date lipstick market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Lipstick is a cosmetic product that adds colour, texture, and protection to the lips. It contains oils, pigments, waxes, and emollients, which improve the texture of the lips and give the face a radiant appearance. Lipstick has essentially taken the position of lip balm because it now also includes ingredients like vitamin E, glycerin, and coconut oil. The lipstick is available in a wide number of finishes, including matte, gloss, sheer, and others with a wide selection of colours. The sector is rising as a result of women's customers' increasing interest in appearance and personal grooming.

There is a vast selection of lipsticks available on the market, including matte, sheer, satin stain, powder lipstick, and others. These lipsticks are also offered in a variety of hues, such as red, pink, brown, purple, maroon, and others. Additionally, individuals all over the world are starting to prefer herbal and organic lipsticks more and more. This is a result of these lipsticks' benefits above traditional lipstick, such as their capacity to hydrate and treat lips. This fact is therefore causing the lipstick industry to grow.

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The wide range of channels through which lipstick is sold, the simplicity of availability, the flexibility in type (lipstick typically comes in matte as well as gloss), and the wide range of colours and features that lipsticks come in, allow for a variety of looks, as well as these and other factors all contribute to the growth of the lipstick market. An innovation in lipstick development is the inclusion of significant amounts of antioxidants as well as natural and organic ingredients that help repair damaged skin cells. It is projected that this feature will raise consumer demand for the product in the near future.

Read Market Research Report, "Global Lipstick Market By Distribution Channel (Offline, Online), Application (Palette, Pencil, Tube/Stick, Liquid), and Region -Forecast and Analysis 2022-2028" by SkyQuest.

The demand for modern cosmetics is rising dramatically along with the booming fashion and entertainment industries. The rapidly expanding fashion and entertainment industries have increased public awareness of cosmetics' positive qualities and regular use. The market for cosmetics is primarily driven by these industries. The market has grown quickly thanks to improvements in cosmetics production technology, economic expansion in developing nations, and increased consumer awareness of and desire for both synthetic and natural cosmetic products.

Stressful living, pollution, and exposure to several other substances have adverse effects on the skin and hair, leading to problems with both. Consequently, the industry is expanding quickly due to the large variety of cosmetics available to address skin concerns. Cosmetics contain helpful qualities that assist consumers in addressing a variety of skin-related problems, including nourishing dry or pale skin and reducing tone, wrinkles, and ageing. Due to their advantageous qualities for minimizing skin acne and shielding sensitive skin from UV rays, such products are also employed. Shampoo, conditioners, serums, and other hair care products are helpful for promoting healthy hair development. Aside from the advantages of skincare and hair products, additional cosmetics with unique features are used to treat dental problems, hygiene difficulties involving excessive sweating and odor, and other concerns.

Aside from skin and hair care and hygiene, the growing need for makeup and colour cosmetics is supported by people of all ages being aware of how to improve their appearance and personalities. People frequently purchase makeup and colour cosmetics due to the growing impact of the entertainment industry on personality and the development of the appearance, as well as the growing desire to seem young and radiant. People are investing more in the self-care and cosmetics markets as a result of changing lifestyles, rising per capita incomes within households, and rising disposable incomes.

Growing consumer health consciousness and knowledge of the advantages of organic cosmetics are boosting demand for natural and organic lip colour products. High levels of antioxidants found in natural and organic products aid in healing damaged skin cells. The product's consumption is anticipated to increase soon due to its advantageous feature. Many businesses have introduced natural and flower-based lip tints, including Antipodes and Origins Natural Resources, Inc.

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Lip powder has become incredibly popular all around the world in recent years. The market has been driven by this product's lightweight and matte finish. One of the main factors influencing product demand is the inclusion of hydrating ingredients including coconut oil, glycerin, and vitamin E. Additionally, it lasts longer than typical lipsticks.

Customers are curious to try out different lip colours and textures. Colour trends vary depending on geography and skin tone. Imperfect lip tints that practically smear into the lip line are becoming more and more fashionable in western nations like North America and Europe. Similar to how some hues have been in high demand all across the world are pink, peach.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about the lipstick Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
Market Estimation for 20+ Countries
lipstick Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country-specific lipstick Market Trends
Comprehensive Mapping of lipstick Industry Parameters
Attractive Investment Proposition in the Global lipstick Industry
Competitive Strategies Adopted by lipstick Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the lipstick Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and scissors lift market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and lipstick Market Sales
Parent market analysis
Product portfolio benchmarking

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SkyQuest has segmented the Global lipstick Market based on Distribution Channels, Application, and Region:
Global lipstick Market by Distribution Channels (Revenue, USD billion, 2021 - 2028)
Offline
Online
Global lipstick Market by Application (Revenue, USD billion, 2021 - 2028)
Palette, Pencil
Tube/stick
Liquid
Global lipstick Market By Region (Revenue, USD billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

Key Players in the Global lipstick Market
L'ORéAL S.A (France)
Shisesdo Company ltd (Japan)
Revloan INC (US)
Coty (US)
Estee Lauder Companies INC (US)
Christian Dior SE (France)
Unilever (UK)
Guerlian (France)
Inglot SP. Z. O. O (Poland)
Relouis (France)

About Us:
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This release was published on openPR.