Lip Gloss Market Scope
Market Research Future (MRFR) believes that the lip glossmarket can potentially secure a strong valuation of around USD 4.51 Billion by
the evaluation period’s end. Over the given period (2020 to 2027), the market
could acquire a CAGR of 4.90%, adds MRFR.
Major Boosters and Deterrents
Lip gloss is one of the most popular cosmetics, especiallyamong the female populace, and their surging interest in beauty as well as
grooming. The business growth is further boosted by the rise in promotions
along with advertisements that aim to foster brand awareness. Endorsements by
the brands, backed by renowned figures on television and social media will
further ensure relentless industry growth in subsequent years. Other
encouraging factors could be the mounting consumer interest in different beauty
products, surging purchasing capacity, and introduction of a variety of
creative products.
A significant opportunity for the players could be therising inclination of the consumers towards natural, organic products. Given
the fact that organic products are never tested on animals, they enjoy
worldwide acceptance. With consumers growing increasingly aware regarding the
ingredients present in the products, more and more brands are now utilizing
organic and plant-based ingredients.
Top Contenders
The Estée Lauder Companies Inc. (US), Shiseido Company(Japan), Chanel (UK), ColourPop Cosmetics (US), Coty Inc. (US), L'Oréal
(France), LVMH (France), MAKEUP ART COSMETICS (M.A.C.) (US), Revlon (US),
Procter & Gamble (US), are the top lip gloss brands in the market.
Market Segmentation
Finish, along with category and distribution channels, havebeen listed as the primary segments in the report to give a better
understanding of the lipgloss market trends and growth prospects.
Glitter, glossy, and matte are the top finish-based sectionscovered in the study. The consumer preference for glossy lip glosses is
extremely high, which translates into the segment’s lead in the worldwide lip
gloss market.
The categories profiled are organic and natural, coupledwith conventional. Organic and natural lip glosses are the biggest gainers in
the lip gloss market and should achieve the fastest development rate in the
future.
Distribution channels that sell a variety of lip glossesinclude store-based and non-store-based ones. The leading store-based
distribution channels include supermarkets, hypermarkets, convenience stores,
and more. Supermarkets & hypermarkets will remain the top segment all through
the analysis period, while convenience stores could procure a healthy CAGR in
the given timeline.
Regional Study
Europe rises to the top of global lipgloss market report, backed by the mounting number of consumers opting tobuy luxury cosmetic products such as lip gloss. This demand is particularly
robust in countries like France, Germany, and the UK, to name a few. The
European market’s attractiveness is also bolstered by the significant living
standards of the population and people’s awareness of the latest beauty trends.
The burgeoning cosmetics sector in the region, in conjunction with people’s
constant focus on their appearance and personal grooming, should facilitate
business growth as well. Another factor that works in favour of the size of the
European lip gloss market is the thriving e-commerce industry and the soaring
social media impact.
Asia Pacific will potentially be the fastest-developing lipgloss market in the next couple of years, thanks to the soaring interest of
consumers in premium beauty items in line with their rising purchasing
capacity. A popular trend among leading brands in Asia Pacific includes using
attractive packaging for cosmetics to attract more consumers, especially in
South Korea. These marketing tactics followed by the companies help foster
market growth as well.
Latest News
January 2022
e.l.f. Cosmetics reveals its latest Cookies ‘N’ Dreamsseries that takes inspiration from crumbled chocolate cookies laced with creamy
ice cream. This collection contains 13 clean beauty products, one of which is
Cookies ‘N’ Dreams lip gloss. The cookies & cream-inspired lip glosses come
in three shades, and are non-sticky.
NOTE: Our Team of Researchers are Studying Covid19 andits Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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