Lipstick Market Analysis, Global Size, Growth, Industry Drivers and Future Demand 2022-2027
According to IMARC Group’s latest report, titled “Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global lipstick market size reached US$ 8.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.97% during 2022-2027.
Lipstick is a cosmetic product used to enhance the coloration of lips and protect them against harmful elements, such as wind, sun, and dry air. It is manufactured using a wide variety of ingredients, such as beeswax, beetroot juice, castor oil, paraffin, shikakai fruit powder, lemon oil, orange and vanilla essence, pigments, waxes, and emollients, that offer unique texture, color, and a layer of protection. Currently, lipstick is available in matte, sheer, satin stain, and powder lipstick variants. Additionally, these lipsticks can be produced in a range of colors, including red, pink, brown, purple, and maroon, among others. Also, herbal and organic lipsticks are becoming a consumer favorite over conventional lipsticks for their ability to moisturize and cure lips.
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Market Trends and Drivers:
The increasing consumer consciousness about personal care and appearance is one of the key factors accelerating the lipstick market growth. Moreover, the rising female working populace, the escalating expenditure power, and the shifting consumer inclination toward e-commerce platforms are acting as other growth-inducing factors. Furthermore, the escalating awareness regarding the adverse effects of harmful ingredients in lipsticks has prompted key market players to introduce herbal, organic, and halal-certified lipsticks. They are also adopting aggressive marketing strategies to increase their brand awareness, which is creating a positive outlook for the market. Apart from this, the rising social media influence, introduction of lipsticks with personalized applicators and customizable shades, and easy product availability in offline and online retail stores are providing a considerable thrust to the market growth.
Lipstick Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the lipstick market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- L'Oréal SA
- Procter & Gamble (P&G) Company
- Avon Products, Inc.
- Shiseido Company, Limited
- LVMH Moët Hennessy – Louis Vuitton SE
- Estee Lauder Companies Inc.
- Oriflame Holding AG
- Revlon, Inc.
- Markwins Beauty Brands, Inc.
- Stargazer Products
- Coty Inc.
- The Clorox Company
- DHC Corporation
- Johnson& Johnson
- Chanel S.A.
- Inglot Cosmetics
- Unilever Group
- Rohto Pharmaceutical Co., Ltd.
Key Market Segmentation:
The report has segmented the global lipstick market based on product type, colour, applicator, age group, gender, distribution channel and region.
Breakup by Product Type:
- Satin/Sheer
- Matte
- Crème
- Gloss
- Metallic
- Shimmer
- Others
Breakup by Colour:
- Red
- Pink
- Nude
- Maroon
- Others
Breakup by Applicator:
- Lipstick Cream
- Lipstick Palette
- Lipstick Pencil
- Lipstick Tube/Stick
- Liquid Lipstick
Breakup by Age Group:
- Under 18
- 18-30
- 30-40
- 40-50
- Above 50
Breakup by Gender:
- Female
- Unisex
Breakup by Distribution Channel:
- Departmental/Grocery Stores
- Multi Branded Retail Stores
- Supermarkets and Hypermarkets
- Exclusive Retail Stores
- Online Channels
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1538&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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