Global Lip Gloss Market, By Finish (Glossy, Matte, Glitter and Others), Category (Conventional and Organic and Natural), Distribution Channel (Store-Based and Non-Store Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Lip Gloss Market
The lip gloss market is expected to witness market growth at a rate of 4.9% in the forecast period of 2021 to 2028 and is expected to reach USD 5,100.0 million by 2028. Data Bridge Market Research report on lip gloss market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the organized retail sector in the advancing countries is escalating the growth of lip gloss market.
Lip gloss can be referred to as a form of lip makeup product. It is utilized to give lips a glossy fuller and lustier and sometimes subtle colour. The lip gloss comes with moisturizing properties that hydrates the lips against the dryness and cracks. It is also accessible in several colours.
Major factors that are expected to boost the growth of the lip gloss market in the forecast period are the rise in the per capita disposable income and the increase in the demand for luxury lip makeup products because of its enhanced technology. Furthermore, the increase in the working women population is further anticipated to propel the growth of the lip gloss market. Moreover, the influence of social media is further estimated to cushion the growth of the lip gloss market. On the other hand, the rise in the awareness regarding the toxic ingredients in the cosmetics is further projected to impede the growth of the lip gloss market in the timeline period.
In addition, the growing awareness related to the personal grooming and the outlook amongst the young female generation around the world will further provide potential opportunities for the growth of the lip gloss market in the near future. However, the dearth of labour force might further challenge the growth of the lip gloss market in the near future.
This lip gloss market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on lip gloss market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lip Gloss Market Scope and Market Size
The lip gloss market is segmented on the basis of finish, category and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of finish, the lip gloss market is segmented into glossy, matte, glitter and others.
- On the basis of category, the lip gloss market is segmented into conventional and organic and natural.
- On the basis of distribution channel, the lip gloss market is segmented into store-based and non-store based. Store-based is further sub segmented into supermarkets and hypermarkets, convenience stores, specialty stores and others.
Lip Gloss Market Country Level Analysis
The lip gloss market is analysed and market size, volume information is provided by country, finish, category and distribution channel as referenced above.
The countries covered in the lip gloss market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the lip gloss market due to the change in the customer preference towards organic lip colours because of the rise in the concerning issues regarding the harmful effects of chemical-based cosmetics. Furthermore, the increase in the need for lip colours amongst the younger generation will further boost the growth of the lip gloss market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the lip gloss market due to the speedy urbanization in the advancing countries. Moreover, the rise in the penetration of global brands is further anticipated to propel the growth of the lip gloss market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lip Gloss Market Share Analysis
The lip gloss market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lip gloss market.
The major players covered in the lip gloss market report are L'Oréal S.A., LVMH Moët Hennessy, Chanel, Procter & Gamble, Revlon Group, The Estée Lauder Companies Inc., Coty Inc., Sheseido Company, MAC Cosmetics, ColourPop Cosmetics, Kendo Holdings Inc., Oriflame Cosmetics Global SA, Christian Dior SE, Amorepacific, THE AVON COMPANY, Tonymoly, Giorgio Armani S.p.A., Bourjois, NARS COSMETICS, Burt's Bees, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.