Description: –
Lip cosmetics are the products that are used on lips to color them or give them a smooth and glamorous appearance. Lip cosmetics usually contain pigments, wax, oil and emollients. These when applied on lips provide lips a texture and also protect the lips. The lip cosmetics are usually used by women who apply variety of lip colours to their lips. They provide a fashionable look to the women who apply it. These lip cosmetics are in high demand in the market across the globe. The maximum growth of the global lip cosmetics market can be attributed to women who usually like to keep different types of lip cosmetics.
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Key Players
YSL
Maybelline
NYX
Kiehls
MAC
DHC
SHISEIDO
Lancome
Urban Decay
CHANEL
Givenchy
Dior
Elizabeth Arden
Clinique
Color Pop
L’Oreal
Thom Ford
Revlon
Fresh
Charlotte Tilbury
CARSLAN
EOS
NARS
Labello
Armani
Estee Lauder
The global lip cosmetics market stood at 8.3 billion dollars in 2016. The market is expected to grow at a CAGR of 4.6% in the coming years. By the year 2024, the global lip cosmetic market is estimated to reach 11.9 billion dollars. The growth of lip cosmetics market depends on the growth of the personal and beauty product market which has also registered a rapid growth. The growth of the personal and beauty care products has grown by almost 5% which in turn has led to a rapid expansion of the global lip cosmetics market.
Lip cosmetics market at the global level is witnessing an increase because most people these days are spending higher on personal grooming. The changing lifestyle and also more spending on cosmetics in general is leading to the growth of the global lip cosmetics market.
Market Segmentation
The Lip cosmetics market is segmented by Type, Application and region.
By Type, the market is segmented into Gloss, Matte and others.
By Application, the market is segmented into Online, Retail and Stores. The retail and stores contribute the maximum to the global lip cosmetics market share owing to increased spending power of the people and lip cosmetics being an impulse category. Lip cosmetics are also being sold via online channels although customers tend to buy only those lipsticks or lip cosmetics that are branded and that they have already used.
There are many well-known players that contribute to the global lip cosmetics market. These major players sell lip cosmetics in a variety of colours. The major players also maintain competition in market launching new products every now and then at competitive prices. Some of the key players in the lip cosmetics market include YSL, Maybelline, L’Oreal, MAC, NYX, CHANEL, Dior, Revlon, Lancome, NARS and many more.
Regional Analysis
United States, Europe, Asia Pacific and United Kingdom are the regions that contribute to the global lip cosmetics market in a significant manner. Europe emerged as the largest market in 2018 with a share of almost 29.5%. Asia Pacific is expected to witness a growth at CAGR of 9.4% in the coming years. The increasing awareness related to personal grooming, increased spending and the increasing demand of lip cosmetics is driving the growth of this market at a global level.
Industry News
Personal care and beauty products are used by almost everyone. Of these, lip cosmetics find a large customer base, especially in women who make use of these lip cosmetics to add glamor to their looks. The increasing demand of lip cosmetics is driving the growth of the global market.
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Table of Contents – Major Key Points
- Lip Cosmetics Market Overview
- Global Lip Cosmetics Market Competition by Manufacturers
- Global Lip Cosmetics Production Market Share by Regions
- Global Lip Cosmetics Consumption by Regions
- Global Lip Cosmetics Production, Revenue, Price Trend by Type
- Global Lip Cosmetics Market Analysis by Applications
- Company Profiles and Key Figures in Lip Cosmetics Business
- Lip Cosmetics Manufacturing Cost Analysis
Continued….
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