Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global lipstick market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.80% during 2022-2028.

Lipstick is a cosmetic product that is used to color the lips and contains oils, pigments, waxes and emollients. It is widely used for enhancing the texture of lips and providing a radiant look to the overall facial appearance. It is manufactured in a multi-stage process that begins with melting and mixing various ingredients, shaping them into tubular molds and then packaging the final product. Nowadays, lipsticks are also being enriched with vitamin E, glycerin and coconut oil to maintain healthy lips. They also act as a lip balm that provides both hydration and color to the lips. They are often worn by both men and women and are among the most commonly used makeup products across the globe.

Lipstick Market Trends:
Growing urbanization coupled with increasing working women base across the globe is the key factor driving the growth of the market. The demand for lipsticks has grown substantially among women owing to their escalating purchasing power along with the growing consciousness about physical appearance. Furthermore, e-commerce platforms have brought massive changes to the beauty industry by providing consumers with a well-designed and immersive shopping experience. Attractive price concession along with easy accessibility offered by online retailers has also resulted in increasing product demand. Additionally, aggressive promotional activities by leading brands and established manufacturers on popular social media sites such as Facebook and Instagram are also contributing to burgeoning product demand. Moreover, owing to growing health-consciousness, consumers are increasingly opting for organic and lead-free lipsticks. Other factors such as product premiumization along with the introduction of lipsticks with customizable shades and personalized applicators are also fueling the market growth further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lipstick market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, colour, applicator, age group, gender and distribution channel.

Breakup by Product Type:

Satin/Sheer
Matte
Crème
Gloss
Metallic
Shimmer
Others

Breakup by Colour:

Red
Pink
Nude
Maroon
Others

Breakup by Applicator:

Lipstick Cream
Lipstick Palette
Lipstick Pencil
Lipstick Tube/Stick
Liquid Lipstick

Breakup by Age Group:

Under 18
18-30
30-40
40-50
Above 50

Breakup by Gender:

Female
Unisex

Breakup by Distribution Channel:

Departmental/Grocery Stores
Multi Branded Retail Stores
Supermarkets and Hypermarkets
Exclusive Retail Stores
Online Channels
Others

Breakup by Region:

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being L'Oréal SA, Procter & Gamble (P&G) Company, Avon Products, Inc., Shiseido Company, Limited, LVMH Moët Hennessy – Louis Vuitton SE, Estee Lauder Companies Inc., Oriflame Holding AG, Revlon, Inc., Markwins Beauty Brands, Inc., Stargazer Products, Coty Inc., The Clorox Company, DHC Corporation, Johnson& Johnson, Chanel S.A., Inglot Cosmetics, Unilever Group and Rohto Pharmaceutical Co., Ltd.

Key Questions Answered in This Report
1. How big is the global lipstick market?
2. What is the expected growth rate of the global lipstick market during 2023-2028?
3. What are the key factors driving the global lipstick market?
4. What has been the impact of COVID-19 on the global lipstick market?
5. What is the breakup of the global lipstick market based on the product type?
6. What is the breakup of the global lipstick market based on the color?
7. What is the breakup of the global lipstick market based on the applicator?
8. What is the breakup of the global lipstick market based on the age group?
9. What is the breakup of the global lipstick market based on the gender?
10. What is the breakup of the global lipstick market based on the distribution channel?
11. What are the key regions in the global lipstick market?
12. Who are the key players/companies in the global lipstick market?