Lipstick Market to Become $ 16 Billion Market by 2025
Rising consumer inclination
towards self-grooming, better brand availability and increasing affordability
to drive global lipstick market
According
to TechSci Research report, “Global
Lipstick
Market By Product Type, By Distribution Channel, By Region, Competition,
Forecast & Opportunities, 2025”, the global lipstick market is projected to grow at a CAGR
of around 10% to reach $ 16 billion by 2025 on account increasing
working women population and rising purchasing power of the
consumers.
Additionally, growing influence of social media on the consumers is further
expected to boost market growth through 2025. Also, flourishing e-commerce
platforms are further expected to fuel market growth over the next five years. Launch
of new products with attractive packaging options, new shades, etc., is
expected to create lucrative opportunities in the global lipstick market during
the projected period. However, high cost of some lipsticks leads to
affordability and budget constraints among the consumers, especially in the
emerging countries, which proves out be a market deterrent. Besides, presence
of chemicals such as lead, cadmium, among others in several lip shades is among
few other factors restricting the market growth.
Browse
82 market data Figures spread through 110 Pages and an
in-depth TOC on"Global Lipstick Market"
https://www.techsciresearch.com/report/global-lipstick-market/1268.html
The global lipstick market is segmented based on product type, distribution
channel, and region. Based on product type, the market is categorized into
gloss, matte and others (Sheer, Crème, Stain, Moisturizing, Satin, Frost, Perl,
etc.). Among these, the matte segment is expected to continue witnessing higher
growth in the coming years owing to the growing popularity of dry and matte
finish lip colors.
Based on the distribution channel, the market is segmented into Supermarkets / Hypermarkets,
Departmental / Grocery Stores, Multi Branded Retail Stores, Exclusive Retail
Stores, Online and Others (Salon, etc.). Among these segments,
Supermarkets / Hypermarkets segment dominates the market, followed by Departmental / Grocery
Stores and Multi
Branded Retail Stores segments, and this trend is expected to prevail during
the forecast period.Online channel is expected to register the fastest
growth during the forecast period, which can be attributed to the growing
internet and smartphones penetration. Benefits such as doorstep delivery, enhanced
convenience, time-saving, availability of a wide range of products along with
details, among others associated with online shopping are further expected to
drive the segmental growth through 2025. Regionally, Asia-Pacific dominates the global lipstick
market due to the increasing demand for cosmetics in the region, rising popularity
of regional brands and growing working class women population. North America is
also expected to hold a significantly large market share, with both the regions
cumulatively having accounted for around 70% of the market share in 2019.
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Major players operating in the global
lipstick market include L'Oréal S.A, Christian Dior SE, Shiseido
Company, Limited, The Estée Lauder Companies Inc., Revlon, Inc., Coty, Inc., Avon
Products, Inc., INGLOT Cosmetics, Chanel S.A., ABLE C&C Co., Ltd., Yves
Rocher, Inc. AmorePacific Corporation, and Oriflame Holding AG. “Asia
Pacific is expected to dominate the global lipstick market owing to the
increasing disposable income of the population coupled with increasing
urbanization in the region. Additionally, market penetration and expansion of
major market players such as L'Oréal International, Christian Dior SE, Avon
Products Inc., etc., in the region is further expected to positively influence
the market in the coming years. Besides, use of strong advertising and
marketing strategies by the leading global lipstick brands is further expected
to foster market growth through 2025.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Global Lipstick Market By Product Type, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2025” has
evaluated the future growth potential of global lipstick market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in global lipstick market.
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