Global Lipstick Market, Trends & Growth Opportunity, By Product Type (Matte, Gloss), By Product Form (Stick, Liquid), By Distribution (Offline stores, Online stores), By Region and Forecast till 2030.
Global Lipstick Market
The Global Lipstick Market was valued at USD 16.25 Bn in 2022 and is expected to expand to USD 27.97 Bn by 2030 at a CAGR of 6.54% during the forecast period of 2023-2030.
Lipstick is a cosmetic product that is applied to the lips to enhance their appearance, color, and texture. It is typically sold in small, cylindrical tubes and is available in a wide range of colors, shades, and finishes. Lipstick is made up of a combination of pigments, oils, waxes, and other ingredients that provide color, texture, and longevity. Lipstick can come in various formulations, including matte, glossy, sheer, and satin, and can have different finishes such as metallic, shimmer, or glitter. It is applied to the lips using a small brush or directly from the tube and can be used alone or with other lip products such as lip liner, lip gloss, or lip balm. Lipstick is a popular cosmetic product and has been used for centuries, dating back to ancient civilizations such as Egypt and Mesopotamia. It is commonly worn by people of all genders and ages and is often used to complete a makeup look or add a pop of color to an outfit.
Market Drivers
The global market for lipstick is being driven by several factors, including the growing demand for cosmetics and beauty products, increasing disposable income, changing consumer lifestyles and preferences, and the growing popularity of online shopping. Additionally, the rising trend of using lipstick as a fashion accessory and the increasing demand for natural and organic products are also contributing to the growth of the market.
The influence of social media and celebrity endorsements are also important factors driving the market, as consumers are often inspired by the makeup looks of their favorite influencers and celebrities. Moreover, the growing awareness of the harmful effects of some chemical ingredients in cosmetics is leading to the demand for safer and eco-friendly lipstick options, further driving market growth.
Market Restraints
The global lipstick market faces several challenges and restraints. One of the significant restraints is the increasing availability of counterfeit products in the market, which adversely impacts the growth of the authentic lipstick market. Additionally, the cost of high-end lipsticks and other cosmetics is quite high, which may not be affordable for everyone.
Moreover, the emergence of substitute products, such as lip stains and lip glosses, may hamper the growth of the lipstick market. The cosmetics industry's increased focus on eco-friendliness and sustainability may also pose a challenge to the market, as some lipstick products may not be environmentally friendly. Fluctuations in raw material prices can also adversely impact the lipstick market.
Market Segmentation
The global lipstick market is segmented by product types, such as matte and gloss. Based on product forms, the market is segmented into sticks and liquid. Further, the market is segmented by distribution, such as offline stores and online stores.
Regional Analysis
The global lipstick market is dominated by the Asia-Pacific region due to the increasing population, growing demand for cosmetic products, and rising disposable income in the region. This trend is likely to continue during the forecast period. The region has a large number of young consumers who are more inclined towards trying new beauty products, including lipsticks. Moreover, the increasing number of working women in countries like China and India has led to a rise in demand for lipstick as a part of their daily makeup routine. These factors, combined with the presence of major cosmetic companies and the adoption of advanced technologies for production, are contributing to the dominance of the Asia Pacific region.
Key Players
Shiseido Co. Ltd., Avon Products Inc., L'Oreal S.A., Coty Inc., Chanel International B.V., Amway Corporation, Christian Dior SE, Innisfree Corporation, Maybelline LLC, MAC Cosmetics, Fenty Beauty, Revlon Inc., Kiko S.p.A, Lakmé Cosmetics, Amorepacific Corporation.
Market Taxonomy
By Product Type
• Matte
• Gloss
By Product Form
• Stick
• Liquid
By Distribution
• Offline stores
• Online stores
By Region
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)
Global Lipstick Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Lipstick Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Lipstick Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Lipstick Market Share Analysis, By Product Type
5.3 Global Lipstick Market Size and Forecast, By Product Type
5.3.1 Matte
5.3.2 Gloss
6 Global Lipstick Market, By Product Form
6.1 Y-o-Y Growth Comparison, By Product Form
6.2 Global Lipstick Market Share Analysis, By Product Form
6.3 Global Lipstick Market Size and Forecast, By Product Form
6.3.1 Stick
6.3.2 Liquid
7 Global Lipstick Market, By Distribution
7.1 Y-o-Y Growth Comparison, By Distribution
7.2 Global Lipstick Market Share Analysis, By Distribution
7.3 Global Lipstick Market Size and Forecast, By Distribution
7.3.1 Offline stores
7.3.2 Online stores
8 Global Lipstick Market, By Region
8.1 Global Lipstick Market Share Analysis, By Region
8.2 Global Lipstick Market Size and Forecast, By Region
9 North America Lipstick Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Lipstick Market Share Analysis, By Product Type
9.3 North America Lipstick Market Size and Forecast, By Product Form
9.4 North America Lipstick Market Size and Forecast, By Distribution
9.5 North America Lipstick Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Lipstick Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Lipstick Market Share Analysis, By Product Type
10.3 Europe Lipstick Market Size and Forecast, By Product Form
10.4 Europe Lipstick Market Size and Forecast, By Distribution
10.5 Europe Lipstick Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Lipstick Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Lipstick Market Share Analysis, By Product Type
11.3 Asia Pacific Lipstick Market Size and Forecast, By Product Form
11.4 Asia Pacific Lipstick Market Size and Forecast, By Distribution
11.5 Asia Pacific Lipstick Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Lipstick Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Lipstick Market Share Analysis, By Product Type
12.3 Latin America Lipstick Market Size and Forecast, By Product Form
12.4 Latin America Lipstick Market Size and Forecast, By Distribution
12.5 Latin America Lipstick Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Lipstick Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Lipstick Market Share Analysis, By Product Type
13.3 Middle East Lipstick Market Size and Forecast, By Product Form
13.4 Middle East Lipstick Market Size and Forecast, By Distribution
13.5 Middle East Lipstick Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Shiseido Co. Ltd.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Avon Products Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 L'Oreal S.A
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Coty Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Chanel International B.V.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Amway Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Christian Dior SE
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Innisfree Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Maybelline LLC
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 MAC Cosmetics
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Fenty Beauty
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Revlon Inc.
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Kiko S.p.A
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Lakmé Cosmetics
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Amorepacific Corporation
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies
