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Global Lipstick Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028 ," the global lipstick market reached a value of US$ 8.7 Billion in 2022.
Lipstick is a cosmetic product that has been used for thousands of years to enhance the appearance of lips. It is made from a combination of waxes, oils, pigments, and other ingredients that help to moisturize and color the lips. Lipstick is one of the most popular cosmetic products worldwide. It is available in a wide range of colors, textures, and finishes, making it easy for women to find a product that suits their style. In addition, the texture and finish of lipstick can also be customized, with options ranging from glossy and moisturizing to matte and long-lasting. Lipstick is widely utilized for its ability to enhance the appearance of the lips. It can be used to create the illusion of fuller, more defined lips while correcting any imperfections, such as uneven pigmentation. It has become essential to many individual’s personal style and identity.
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The global market is majorly driven by the growing demand for cosmetics products. In line with this, the increasing consumer interest in personal grooming and beauty is significantly contributing to the market growth. Furthermore, the rising personal disposable income levels and significant growth of the ecommerce industry are positively influencing the market. Apart from this, the escalating female workforce and the emergence of organic cosmetics are catalyzing the market. Moreover, the increasing awareness about the benefits of organic cosmetics is propelling the demand for natural and organic lip color products. Besides, various key players are introducing a large number of products in liquid form as it is well suited for matte and glitter lip colors. This, in turn, is expected to offer numerous opportunities for market expansion. Additionally, the rising appearance consciousness among working women and the growing celebrity endorsements are favoring the market. Some of the other factors driving the market include the widespread availability of the product, rapid urbanization, product premiumization, and new product launches.
On account of the factors above, the market is anticipated to reach a value of US$ 12.2 Billion by 2028, exhibiting a CAGR of 5.8% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/lipstick-market
Key Market Segmentation
The research report includes the following segments:
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 Distribution Channel:
• Departmental/Grocery Stores
• Multi Branded Retail Stores
• Supermarkets and Hypermarkets
• Exclusive Retail Stores
• Online Channels
• Others
Breakup by Gender:
• Female
• Unisex
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Competitive Landscape with Key Players:
• L'Oréal SA
• Procter & Gamble (P&G) Company
• Avon Products, Inc.
• Shiseido Company
• Limited
• LVMH Moët Hennessy – Louis Vuitton
• 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.
1. How has the global lipstick market performed so far and how will it perform in the coming years?
2. What are the key regional markets in the global lipstick industry?
3. What has been the impact of COVID-19 on the global lipstick industry?
4. What is the breakup of the market based on the product type?
5. What is the breakup of the market based on the colour?
6. What is the breakup of the market based on the applicator?
7. What is the breakup of the market based on the age group?
8. What is the breakup of the market based on the gender?
9. What is the breakup of the market based on the distribution channel?
10. What are the various stages in the value chain of the global lipstick industry?
11. What are the key driving factors and challenges in the global lipstick industry?
12. What is the structure of the global lipstick industry and who are the key players?
13. What is the degree of competition in the global lipstick industry?
14. What are the profit margins in the lipstick industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/lipstick-market/toc
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