Lipstick Manufacturing in the US - Industry Market Research Report

Lipstick Manufacturing in the US
Rising disposable income and a growing premium-level market have benefited the Lipstick Manufacturing industry. Consumer preferences and introduction of new products have also contributed to revenue growth. However, the COVID-19 outbreak, rising inflation and rapidly changing trends mitigate the industry's overall growth rate. Swift adaptation is necessary for supply chains to manage these challenges. As a result, industry-wide revenue has been decreasing at a CAGR of 0.5% over the past five years, including an estimated 0.1% increase in the current year, and is expected to total $4.7 billion in 2023. In the same year, profit is projected to decrease to 5.1%.

This industry prepares, blends, compounds and packages both cosmetic and therapeutic lip products. Products in this industry include lipstick, lip gloss, lip stains, lip liner and lip balm.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.