IMARC Group has recently released a new research study titled “Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the lipstick market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The 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.
Industry Definition and Application:
Lipstick is a cosmetic product that is applied to the lips to enhance their appearance, color, and texture. It typically consists of a mixture of waxes, oils, pigments, and other ingredients, which are combined to create a smooth, creamy texture that can be easily applied to the lips.
Lipsticks come in a wide variety of colors and shades, ranging from subtle and natural to bold and vibrant. They may also contain additional ingredients, such as moisturizers, sunscreens, and fragrances. Lipstick is a popular cosmetic product and is often used to add a finishing touch to a makeup look or to express one’s personal style.
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What are the growth prospects and trends in the industry?
The rising beauty consciousness represents one of the significant factors driving the market growth across the globe. In line with this, the emergence of social media and beauty influencers, the increasing awareness regarding the latest beauty trends, and rising spending on high-quality products are contributing to the growth of the market.
The market is also driven by increasing concerns among consumers about the harmful effects of chemicals on their skin, coupled with the rising demand for organic and natural products. In addition to this, the rising disposable income, increasing popularity of e-commerce, significant technological advancements, such as long-wearing formulas and highly pigmented colors, and innovative packaging, are some of the other factors creating a positive outlook for the market.
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
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/lipstick-market
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.
About Us
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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