Lip Powder Market is Anticipated to Register 6.0% CAGR through 2027

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Lip Powder Market

• March 2020

Report Id REP-GB-9255 Published On
March-2019 Category Retail and Consumer Products
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Lip Powder Market Analysis

• Roughly equating US 350 Mn in 2018, the global
  lip powder market revenue is poised to see an
  impressive growth outlook over next eight years.
  According to a market report published by Future
  Market Insights, titled Lip Powder Market
  Global Industry Analysis and Opportunity
  Assessment 2019-2027, lip powder products sales
  will account for a healthy CAGR of just-under 6
  during the forecast period (2019-2027). APEJ
  (Asia Pacific excluding Japan) will continue to
  hold the highest revenue share in the lip powder
  market, says the report.
• Potential Superiority over Lipsticks Other
  Conventional Lip Products Accounts for Billowing
  Sales of Lip Powder
• The lip powder market is yet to reach its peak of
  growth and currently reflects a high growth
  potential in the beauty and personal care
  products industry, as indicated in FMIs study.
  Lip powder is considered the latest trend or
  evolution in lipsticks that offers several
  advantages over conventional lipsticks, which is
  among the key factors driving popularity of lip
  powder.

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Lip Powder Market Analysis

• Globally, the lip powder market is gaining
  traction due to the advantages of lip powder over
  conventional lipsticks. Lip powders are infused
  with hydrating oils and Vitamin E, which provide
  a smooth and long-lasting finish. One of the
  unique features of lip powder is the combination
  of matte and shimmer, which is hard to achieve
  with conventional lip products.
• Unlike conventionally used lipsticks, lip powder
  gets absorbed into the lips and provides them
  with a smooth texture with long-lasting color and
  vibrant look. Introduction of innovative beauty
  products continues to encourage a large number of
  people to experiment with choices of products as
  well as brands, and lip powder marks one of the
  recent hottest trends in the beauty and cosmetic
  industry.
• Product Innovations - Key to Success in Lip
  Powder Market
• Currently, lip powders are available in the
  market in two forms viz. palettes and pen. Both
  these forms are different by nature and by
  methods of application. Lip powder palettes that
  currently account for more than 55 of total
  sales will remain the strongest selling product
  category, according to FMI.

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Lip Powder Market Analysis

• The report attributes dominance of lip powder
  palettes over lip powder pens to higher
  convenience associated with the former. Rapid
  product innovations and the ever-evolving retail
  landscape are likely to be the key factors
  associated with strengthening of distribution
  channels, for leading players active in lip
  powder market.
• However, lip powders have certain limitations,
  which are likely to restrain the growth of the
  market. These limitations include the perception
  or fear of exposing any flaws in the lip texture.
  Several consumers also doubt applicability of lip
  powder on a daily basis and find it gaudy over
  routine lipsticks. In addition, lip powder is yet
  to completely enter the comfort zone of a
  majority of womens cosmetic regime, which will
  remain a challenge to rapid growth of the lip
  powder market.
• Key Players in the Lip Powder Market Profiled in
  Report
• Deep-dive analysis of strategic profiles of key
  companies operating in the lip powder market are
  covered in the global lip powder market report,
  in a bid to help participants understand and
  evaluate their key products offerings,
  strategies, and recent developments.

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Lip Powder Market Analysis

• Some of the key participants profiled in the
  global lip powder market report include
  Maybelline LLC, Urban Decay Cosmetics, BUXOM
  Cosmetics, Clinique Laboratories LLC, CLE
  COSMETICS, Lique Cosmetics Company, Revlon, Inc.,
  Cult Beauty Company, CHANEL Company, Essence
  Cosmetics Company, Sephora USA, Inc., Huda Beauty
  Company, L'Oréal S.A., NYX PROFESSIONAL MAKEUP,
  and Christian Dior SE.
• Press Release Source https//www.globenewswire.co
  m/news-release/2019/06/27/1875172/0/en/Lip-Powder-
  Market-will-Exhibit-a-Steady-6-CAGR-through-2027-F
  uture-Market-Insights.html
• More from FMIs Retail and Consumer Products
  Market Intelligence
• Mini Refrigerator Market
• Air Fryer Market
• Secondhand Apparel Market

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Lip Powder Market Analysis
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Lip Powder Market Analysis
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