Natural and Organic Lipstick Market Predicted To Witness Steady Growth During The Forecast Period 2032
According to the MRFR analysis reports, the natural and organic lipstick market is projected to acquire a valuation of over USD 407.9 billion by 2032. The report further predicts the market to thrive at a healthy CAGR of over 6% during the assessment era.
Lipsticks are made using ingredients such as emollients, oils, waxes, colors, pigments, and much more. Natural and organic lipstick is a blend of those ingredients that belong to an organic category and don't use any harmful chemicals or compounds. The global market for natural and organic lipstick has registered enormous growth in the last few years. The Eco-friendly nature of these products is the major selling point for these lipsticks. Furthermore, the growing working women population, increase in the per capita income, and growing awareness regarding herbal products are also projected to catalyze the market's growth over the coming years.
Segment Analysis
The global natural and organic lipstick market has been fragmented into various segments based on applications, type, and region.
Based on type, the global market for natural and organic lipstick is split into matte lipsticks, satin and sheer lipsticks, gloss lipsticks, and cream lipsticks.
The natural and organic lipstick market is divided into convenience stores, cosmetics, application 4, application 3, and individuals.
Regional Analysis
The global market for natural and organic lipstick is studied across five major regions: the Middle East & Africa, Latin America, European nations, the APAC region, and North America.
As per the MRFR analysis, the North American region will likely secure the top position in the global natural and organic lipstick market over the assessment era. The major aspect causing an upsurge in the regional market's growth is the distribution of the market resources useful for carrying out the natural and organic lipstick market operations across the region. Furthermore, the growing awareness regarding organic cosmetic products among consumers across the region is likely to boost the regional market's growth over the coming years.
The European region's natural and organic lipstick market is likely to secure the second position across the globe over the assessment timeframe. The regional market's growth is mainly credited to the emergence of high fashion awareness across the region. Furthermore, the growth in the quantum of demand for cosmetics for lip care across developed nations is another major parameter catalyzing the regional market's growth.
Competitive Analysis
The global natural and organic lipsticks market has a strong and competitive landscape. The market has gained traction across several regions worldwide in the last few years. The players across the market globally are adopting various growth policies such as mergers, acquisitions, strategic partnerships, etc. the growing investments in research & development activities across the market have led to the rise in the number of innovative product launches. Given its lucrative nature, the global market has witnessed a massive surge in the number of new entrants in recent times. The global key natural and organic lipsticks market players such as Ecco Bella (US), W3ll People (US), Lotus Herbals Limited (India), Beautycounter (US), Vapour Organic Beauty (US), and several others.
Recent Developments
· September 2021- a leading brand aggregator specializing in acquiring, operating, and growing world-class brands in the pet care & nutrition, home & leisure, active lifestyle, health & lifestyle foods, dietary supplement, and beauty & personal care, verticals, Growve, has announced that it has partnered with The Organic Skin Co. of New Zealand. The deal extends Growve's net portfolio to 25+ companies. It signifies its first venture into natural and organic cosmetics while assuring to significantly expand the reach of a market-leading makeup and skincare brand beloved for its sustainability and innovation commitment. Dave Bunch, the Growve CEO, said that the market for natural and organic makeup and skincare is expanding at record speed. He further added that in such a critical pandemic period, customer concerns regarding self-care and well-being associated with a rising concentration on the importance of self-expression have never been higher.
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