Press release
Lipstick Market Achieved USD 12.4 billion in 2021 and is estimated to reach USD 19.6 billion in 2029, Growing at a CAGR of 5.9% | Size, Share, Global Report
Lipstick Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-lipstick-market/
The factors driving the growth of Lipstick Market includes growing consciousness amongst consumers about maintaining physical appearance, rising influence of social media platforms such as Instagram and Facebook, introduction of lipsticks with customizable shades, expansion of the e-commerce industry and increasing preference for organic cosmetic products around the world. According to the report published by Bloomberg, the Global Natural Cosmetic Market was calculated around USD 13.67 billion in 2018 and is expected to reach USD 48.04 billion by the end of 2025, growing at a CAGR of 5.01% over the forecast period (2019-2025), which will accelerate the Global Lipstick Market in the approaching years. Moreover, increased adoption of advanced technologies by manufacturers, rise in the launch of innovative products, growing demand for long wearing and matte lipsticks, improvements in the living standards and rapid urbanization, are some of the additional factors supplementing the Lipstick Market share. In addition, the increasing investments by major corporations on research and development, strategic mergers, and collaborations between key companies and growing disposable, are further contributing towards the market growth.
However, growth of the Lipstick Market is hindered attributed to increasing availability of counterfeit products.
The major players operating in the market are Oriflame Holding AG, Revlon Inc., Inglot Sp. Z. O. O., L'Oréal, Shiseido Company Limited, The Estée Lauder Companies Inc., P&G, Avon Products Inc., CHANEL and Markwins Beauty Brands, Inc., among others.
Based on Product Type, the Stick segment is predicted to capture the largest market share during the forecast period
Stick based lipsticks are easy to carry along with rising demand for matte finish and glitter finish products, are propelling growth of the segment.
Based on Finish, the Matte segment is projected to dominate the market over the forecast period
Rising consumers preference for dry lip colors due to their long-lasting and natural look properties along with rise in the launch of innovative products, are some of the factors responsible for the segment's growth.
Based on Region, the European region is anticipated to hold the highest market share during the forecast period
Presence of the leading players such as Inglot Sp. Z. O. O., L'Oréal, and Oriflame Holding AG, growing influence of social media platforms, rapid industrialization, rising adoption of advanced technologies by manufacturers and high per capita incomes, are some of the important factors augmenting the Lipstick Market size in European region.
Market Segmentation
Segmentation by Product Type
Stick
Liquid
Others
Segmentation by Finish
Cream
Matte
Satin
Gloss
Others
Segmentation by Distribution Channel
Online Stores
Supermarkets
Cosmetic Stores
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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