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Lip And Cheek Tint Market Size, Surging Demand, Detailed Analysis, Share And Forecast To 2033

04-16-2024 07:30 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: The Business research company

Lip And Cheek Tint Market

Lip And Cheek Tint Market

The lip and cheek tint market size has grown strongly in recent years. It will grow from $1.46 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to changing lifestyle of the consumers for instant readiness and easy to carry products, increased versatility and convenience, increased non-greasy properties of lip and cheek tints to improve comfort and appearance, growing issues related to prolonged sun exposure, increased dryness, increased premature aging, and lip darkening, increased skincare benefits.

The lip and cheek tint market size is expected to see strong growth in the next few years. It will grow to $2.00 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing appearance focus amongst the working ladies, rising beauty consciousness, increasing demand for chemical-free and environmentally safe tints and the lightweight, the rising minimal makeup trend. Major trends in the forecast period include increasing demand for chemical-free and environmentally safe tints, rising product innovation, R&D in multipurpose tints, increasing technological advancements, research to develop good assessment techniques and products.

Market Overview -
Lip and cheek tint is a versatile, multi-purpose cosmetic product designed to add a natural-looking flush of color to both the lips and cheeks. Its lightweight, blendable formula allows for easy application, providing a long-lasting and cohesive color effect that enhances the wearer's natural features. It simplifies beauty routines by serving dual functions with a single product and is ideal for achieving a minimalistic makeup look.

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Increasing Popularity Of Cosmetics And Its Effect On Lip And Cheek Tint Trends
The growing demand for cosmetics is expected to propel the growth of the lip and cheek tint market going forward. Cosmetics are substances or products applied to the body to enhance or alter the appearance without affecting the body's structure or functions. They are in demand because they improve personal appearance, boost confidence, and meet societal beauty standards. Lip and cheek tint is a useful cosmetic for providing a versatile, natural-looking color enhancement for both lips and cheeks, creating a cohesive and long-lasting glow with minimal effort. For instance, in April 2023, according to L'Oréal S.A., a France-based cosmetic company, in Q1 2023, the dermatological beauty division experienced a 34.6% sales growth, reaching €1,685.7 million ($1815.07 million) from the previous year's €1,252.7 million ($1348.84 million). Therefore, the growing demand for cosmetics is driving the lip and cheek tint market.

Competitive Landscape -
Major companies operating in the lip and cheek tint market are LVMH Moët Hennessy Louis Vuitton, The Procter& Gamble Company, L'Oréal S.A., The Estee Lauder Companies Inc., Kao Corporation, Avon Products Inc., Revlon Inc., Benefit Cosmetics LLC, Fenty Beauty, NYX Professional Makeup, e.l.f. Cosmetics Inc., Glossier Inc., Charlotte Tilbury Beauty Ltd., Tarte Inc., Pat McGrath Labs, Maybelline LLC, Huda Beauty, ColourPop Cosmetics, Morphe Cosmetics, Jouer Cosmetics, Milani Cosmetics, RENEE Cosmetics Pvt. Ltd., COSRX, Soapworks Ltd., Skin Food Co. Ltd.

Nurraysa Introduces New Lip And Cheek Tint With Vitamins C And E
Major companies operating in the lip and cheek tint market are developing new products, such as Korean Barbie Water Lip Tint, to enhance their position in the market. It embodies the trend of using lip tints for both lip and cheek enhancement, elevating natural beauty. For instance, in October 2022, Nurraysa, a Malaysia-based cosmetic brand, launched Korean Barbie Water Lip Tint. This product is enriched with Vitamins C and E, providing hydration and a natural red tint to enhance lip beauty. These essential vitamins aid in soothing, protecting against sun damage, and promoting overall lip health, ensuring your lips stay nourished and vibrant.

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https://www.thebusinessresearchcompany.com/report/lip-and-cheek-tint-global-market-report

Key Segments -
The lip and cheek tint market covered in this report is segmented -
1) By Type: Natural, Synthetic
2) By Flavor: Strawberry, Cocoa, Raspberry, Beetroot, Other Flavors
3) By Packaging Type: Glass Bottles, Stick Tubes, Laminate Tubes, Other Packaging Types
4) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Retail, Convenience Store, Other Distribution Channels

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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