Lipstick Market Future Trends, Prominent Players, Industry Impact and Forecast by 2024 - PowerPoint PPT Presentation

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Lipstick Market Future Trends, Prominent Players, Industry Impact and Forecast by 2024

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According to a report by P&S Intelligence, the global lipstick market is predicted to reach a value of $13.4 billion by 2024, rising from $9.2 billion in 2018, and is expected to progress at a 6.6% CAGR during the forecast period (2019–2024). The market is registering growth due to the increasing demand for lipsticks from working women and surging focus towards e-commerce beauty websites. In terms of product types, the industry is divided into shimmer/pearl/frost, satin/sheer, luminous, metallic, natural, glossy, crème, and matte. – PowerPoint PPT presentation

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Date added: 11 September 2020
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Title: Lipstick Market Future Trends, Prominent Players, Industry Impact and Forecast by 2024


1
Lipstick Market Future Trends, Prominent
Players, Industry Impact and Forecast by 2024
According to a report by PS Intelligence, the
global lipstick market is predicted to reach a
value of 13.4 billion by 2024, rising from 9.2
billion in 2018, and is expected to progress at a
6.6 CAGR during the forecast period
(20192024). The market is registering growth due
to the increasing demand for lipsticks from
working women and surging focus towards
e-commerce beauty websites. In terms of product
types, the industry is divided into
shimmer/pearl/frost, satin/sheer, luminous,
metallic, natural, glossy, crème, and matte. Get
a sample copy of this report https//www.psmarket
research.com/market- analysis/lipstick-market/rep
ort-sample Out of these, the satin/sheer
division dominated the market in 2018 and is
further predicted to account for the largest
revenue share during the forecast period as well.
The matte lipstick division is projected to
register the fastest growth during the forecast
period, which is owing to the rising preference
of consumers for these lipsticks. On the basis of
color, the lipstick market is categorized into
nude, red, maroon, pink, and others (including
multicolor, black, orange, purple, white, blue,
green, grey, yellow, silver, gold, and
violet). The red lipstick category held the
largest share of the market in 2018. Apart from
this, the nude lipstick category is projected to
advance at the fastest pace during the forecast
period. When distribution channel is taken into
consideration, the lipstick market is divided
into convenience stores, departmental stores,
cosmetic stores, supermarkets/hypermarkets,
online, and others (grocery stores and parlor).
The departmental stores division help more than
25 revenue share of the market in 2018. The
online division is predicted to progress at the
fastest pace during the forecast period due to
expanding e-commerce industry. Geographically,
the European region dominated the lipstick market
in 2018. This is due to the expanding e-commerce
industry and growing cosmetic and personal care
industry in the region. Moreover, a large number
of women are independent in the region, owing to
which, they are able to spend more money on
luxurious and self-care items, such as a
lipsticks. The Asia-Pacific region is projected
to register the highest growth rate during the
forecast period, which can be owing to the
surging social media influence and improving
female financial independence in the
region. Lipstick Market Competitive
Landscape Some of the key players in the lipstick
market include LOréal SA, Shiseido Company
Limited, Revlon Inc., Avon Products Inc.,
Oriflame Holding AG, Coty Inc. Amorepacific
Corporation, The Estée Lauder Companies Inc.,
Christian Dior SE, and Inglot Sp. Z. O. O.
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