Global Lipstick Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global lipstick market in its upcoming report titled, “Global Lipstick Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global lipstick market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lipstick market report has been segmented on the basis of type, form, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Lipstick is a solid colored cosmetic usually in stick form for the lips. It is a cosmetic product containing pigments, oils, waxes, and emollients that apply color, texture, and protection to the lips. Many colors and types of lipsticks exist such has liquid matte lipstick, lip-gloss, waxy matte lipstick, waxy glossy lipstick, etc. Some lipsticks are also lip balms that add hydration. Lipstick usually comes in a tubular container, and different lipsticks have different methods of application.
Increasing urbanization, changing lifestyles, and rising awareness about aesthetic look are major factors expected to drive growth of the global lipstick market. In addition, increasing young population, coupled with growing disposable income of the consumers are other major factors expected to boost growth of the global lipstick market over the forecast period. Easy availability of lipsticks on Ecommerce websites, increasing marketing strategies adopted by major manufacturers such as advertisements of cosmetics on social networking sites including Facebook, YouTube, Twitter among others are projected to support growth of the global lipstick market over the next 10 years.
Availability of counterfeit products is expected to restrain growth of the global lipstick market. In addition, high price of some of the lipstick brands makes it impossible for middle-class and lower-class people to purchase it, which limits the customer base for some manufacturers, and is expected to limit the market growth to a certain extent. However, increasing production of organic lipsticks which are paraben-free and formaldehyde-free is expected to present opportunities in terms of revenue to the major players operating in the global market.
The market in North America is expected to account for highest revenue share in the global lipstick market, owing to ever-increasing demand for cosmetics in countries in the region. The market in Asia Pacific is projected to register fastest growth rate in terms of revenue, due to increasing disposable income of consumers, changing consumer preference for lipsticks, and availability of lipstick as an affordable luxury to female population in countries in the region. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global lipstick market over the forecast period.
Global lipstick market segmentation:
By distribution channel:
- Multi Branded Retail Stores
- Others (Supermarkets / Hypermarkets, and Departmental/Grocery Stores)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- L'Oréal S.A.
- Procter & Gamble Co
- Shiseido Company, Limited
- Avon Products, Inc.
- Coty, Inc.
- The Clorox Company
- Chanel S.A
- Markwins International Corp
- Revlon, Inc.
- Oriflame Holding AG
- Rohto Pharmaceutical Co., Ltd
- Lotus Herbals Limited
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