Press release
The Booming Cosmetics Industry Fuels Expansion Of The Lip Gloss Market: A Key Factor Shaping the Future of the Lip Gloss Market in 2025
Lip Gloss
The expanding cosmetics industry is expected to drive the growth of the lip gloss market. Factors such as innovation, social media influence, and increasing consumer demand for natural and sustainable products are fueling the growth of the cosmetics industry. Lip gloss, a key product in the cosmetics sector, enhances lips with shine, color, and shimmer. According to the Cosmetic Toiletry and Perfumery Association, the sales of color cosmetics and skincare products increased significantly in 2022, boosting demand for lip gloss. Consequently, the growing cosmetics industry is supporting the lip gloss market.
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What is the projected compound annual growth rate (CAGR) of the lip gloss market from 2025 to 2034, and what factors influence it?
The lip gloss market will grow from $3.77 billion in 2024 to $4.02 billion in 2025 at a CAGR of 6.5%, driven by expanding retail beauty stores, online beauty communities, and increased disposable income.
The lip gloss market is anticipated to expand to $5.1 billion by 2029 at a CAGR of 6.2%. Factors such as increased demand for beauty products, rising disposable incomes, and heightened awareness of skincare-friendly ingredients contribute to its growth. Trends include cruelty-free formulations, augmented reality applications, refillable packaging, and personalized beauty solutions.
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How are the latest trends influencing the growth of the lip gloss market?
Companies in the lip gloss market are focusing on developing non-sticky formulations that deliver long-lasting shine and hydration while feeling smooth and comfortable. These multi-use lip gloss products are designed for versatile beauty applications, offering a glossy finish without stickiness. For instance, in May 2022, Thread Beauty, a US-based cosmetics brand, introduced the 'Gloss It' lip gloss, a non-sticky formula made with vegan ingredients that provides a sheer, glossy finish. It is suitable for use on lips, eyes, and cheeks, offering versatility and comfort.
What are the major segments of the lip gloss market and their role in driving growth?
The lip gloss market covered in this report is segmented -
1) By Finish: Glossy, Matte, Glitters, Other Finishes
2) By Category: Conventional, Organic And Natural
3) By Distribution Channel: Supermarkets Or Hypermarkets, Beauty Stores, Specialty Stores, Online Platform, Other Channels
Subsegments:
1) By Glossy: High-Shine Lip Glosses, Ultra-Gloss Lip Glosses
2) By Matte: Velvet Matte Lip Glosses, Soft Matte Lip Glosses
3) By Glitters: Sparkling Lip Glosses, Glitter-Infused Lip Glosses
4) By Other Finishes: Sheer Finish Lip Glosses, Metallic Finish Lip Glosses, Satin Finish Lip Glosses
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Which regions are key players in the growth of the lip gloss market?
North America was the largest region in the lip gloss market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lip gloss market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the lip gloss market?
Major companies operating in the lip gloss market are Procter & Gamble Co., L'Oréal S.A., Neutrogena Corporation, The Estée Lauder Companies Inc., Chanel S.A., Shiseido Company Limited, Coty Inc., Avon Products Inc., Giorgio Armani S.p.A., Makeup Art Cosmetics (MAC), Revlon Group LLC, Oriflame Cosmetics Global SA, Burt's Bees LLC, Maybelline LLC, Kendo Holdings Inc., NARS Cosmetics Inc., ColourPop Cosmetics LLC, Bourjois S.A., Elizabeth Arden Inc., Bo International Ltd., MPlus Cosmetics, Auraline Beauty
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What Is Covered In The Lip Gloss Global Market Report?
•Market Size Forecast: Examine the lip gloss market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lip gloss market for a structured understanding.
•Key Players Overview: Analyze major players in the lip gloss market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lip gloss market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lip gloss market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lip gloss market.
•Industry Challenges: Identify potential risks and obstacles affecting the lip gloss market.
•Competitive Landscape: Review strategic developments in the lip gloss market, including expansions, agreements, and new product launches.
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