Lipstick Market Size, Share, Growth and Forecast 2022-2029

 

Lipstick Market was valued at USD 12.4 billion in 2021 and is estimated to reach USD 19.6 billion in 2029, growing at a CAGR of 5.9% during 2022-2029.

The factors driving the growth of Lipstick Market includes growing consciousness amongst consumers about maintaining physical appearance, rising influence of social media platforms such as Instagram and Facebook, introduction of lipsticks with customizable shades, expansion of the e-commerce industry and increasing preference for organic cosmetic products around the world. Moreover, increased adoption of advanced technologies by manufacturers, rise in the launch of innovative products, growing demand for long wearing and matte lipsticks, improvements in the living standards and rapid urbanization, are some of the additional factors supplementing the Lipstick Market share. In addition, the increasing investments by major corporations on research and development, strategic mergers, and collaborations between key companies and growing disposable, are further contributing towards the market growth.

However, growth of the Lipstick Market is hindered attributed to increasing availability of counterfeit products.

The major players operating in the market are Oriflame Holding AG, Revlon Inc., Inglot Sp. Z. O. O., L’Oréal, Shiseido Company Limited, The Estée Lauder Companies Inc., P&G, Avon Products Inc., CHANEL and Markwins Beauty Brands, Inc., among others.

Based on Product Type, the Stick segment is predicted to capture the largest market share during the forecast period

Stick based lipsticks are easy to carry along with rising demand for matte finish and glitter finish products, are propelling Global Lipstick Market.

Based on Finish, the Matte segment is projected to dominate the market over the forecast period

Rising consumers preference for dry lip colors due to their long-lasting and natural look properties along with rise in the launch of innovative products, are some of the factors responsible for the segment’s growth.

Based on Region, the European region is anticipated to hold the highest market share during the forecast period

Presence of the leading players such as Inglot Sp. Z. O. O., L’Oréal, and Oriflame Holding AG, growing influence of social media platforms, rapid industrialization, rising adoption of advanced technologies by manufacturers and high per capita incomes, are some of the important factors augmenting the Lipstick Market size in European region.

Market Segmentation

Segmentation by Product Type

  • Stick
  • Liquid
  • Others

Segmentation by Finish

  • Cream
  • Matte
  • Satin
  • Gloss
  • Others

Segmentation by Distribution Channel

  • Online Stores
  • Supermarkets
  • Cosmetic Stores
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more