Lipstick Market Overview, Global Size, Share, Growth, Trends, Leading Companies and Research Report 2023-2028
According to IMARC Group’s latest report, titled “Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global lipstick market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Year Considered to Estimate the Market Size:
- Base Year of the Analysis: 2022
- Historical Period: 2017-2022
- Forecast Period: 2023-2028
Lipstick is a cosmetic product that is applied to the lips to add color, texture, and shine. It is a popular beauty product that has been used for centuries and is available in a variety of shades, textures, and formulations. It enhances the appearance of the lips, is versatile in terms of color and texture, and easy to use. Consequently, lipstick finds its application extensively in the cosmetics and personal care industry.
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Lipstick Market Trends:
Significant expansion in the fashion industry represents one of the key factors driving the market growth. Moreover, the steadily increasing working women population base is facilitating the overall purchasing power of consumers, which, in turn, is contributing to the market growth. The market is also being driven by the continual launch of long-wear and transfer-resistant and organic product variants in a wide range of colors and shades. Furthermore, the easy product availability at affordable price points and at various distribution channels, including online and offline retail stores, is driving the market toward growth. Other factors, such as increasing urbanization, growing social media and influencer culture, aggressive promotional activities by leading players, and rising number of celebrity brand endorsements, are creating a positive outlook for the market across the globe.
Lipstick Market 2023-2028 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
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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 Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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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