Lipstick Market 2023, Global Size, Share, Growth, Trends, Segmentation, Competitive Landscape and Industry Report by 2028

PRESS RELEASE

Published March 21, 2023

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 market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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. 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 lipstick 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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1538&flag=C

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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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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