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Lip And Cheek Tint Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Lip And Cheek Tint Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Lip And Cheek Tint Market Report Structure
3. Lip And Cheek Tint Market Trends And Strategies
4. Lip And Cheek Tint Market - Macro Economic Scenario
5. Lip And Cheek Tint Market Size And Growth
…..
27. Lip And Cheek Tint Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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