Global Lipstick Market to Reach US$ 12.2 Billion by 2028, Impelled by Increasing Purchasing Power of Working Female Population

March 10, 2023 | Retail

According to the latest report by IMARC Group, titled "Lipstick Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global lipstick market reached a value of US$ 8.7 Billion in 2022. Lipstick is a cosmetic product that has been used for thousands of years to enhance the appearance of lips. It is made from a combination of waxes, oils, pigments, and other ingredients that help to moisturize and color the lips. Lipstick is one of the most popular cosmetic products worldwide. It is available in a wide range of colors, textures, and finishes, making it easy for women to find a product that suits their style. In addition, the texture and finish of lipstick can also be customized, with options ranging from glossy and moisturizing to matte and long-lasting. Lipstick is widely utilized for its ability to enhance the appearance of the lips. It can be used to create the illusion of fuller, more defined lips while correcting any imperfections, such as uneven pigmentation. It has become essential to many individual’s personal style and identity.

Global Lipstick Market Trends:

The global market is majorly driven by the growing demand for cosmetics products. In line with this, the increasing consumer interest in personal grooming and beauty is significantly contributing to the market growth. Furthermore, the rising personal disposable income levels and significant growth of the e-commerce industry are positively influencing the market. Apart from this, the escalating female workforce and the emergence of organic cosmetics are catalyzing the market. Moreover, the increasing awareness about the benefits of organic cosmetics is propelling the demand for natural and organic lip color products. Besides, various key players are introducing a large number of products in liquid form as it is well suited for matte and glitter lip colors. This, in turn, is expected to offer numerous opportunities for market expansion. Additionally, the rising appearance consciousness among working women and the growing celebrity endorsements are favoring the market. Some of the other factors driving the market include the widespread availability of the product, rapid urbanization, product premiumization, and new product launches. On account of the factors above, the market is anticipated to reach a value of US$ 12.2 Billion by 2028, exhibiting a CAGR of 5.8% during 2023-2028. 

Market Summary:

  • On the basis of the product type, the market has been categorized into satin/sheer, matte, crème, gloss, metallic, shimmer, and others.
  • Based on the colour, the market has been classified into red, pink, nude, maroon, and others.
  • Based on the applicator, the market has been segmented into lipstick cream, lipstick palette, lipstick pencil, lipstick tube/stick, and liquid lipstick.
  • Based on the age group, the market has been categorized into under 18, 18-30, 30-40, 40-50, and above 50.
  • Based on gender, the market has been classified into female and unisex.
  • Based on the distribution channel, the market has been segmented into departmental/grocery stores, multi branded retail stores, supermarkets and hypermarkets, exclusive retail stores, online channels, and others.
  • On the basis of the region, the market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include 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. etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Colour, Applicator, Age Group, Gender, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Lipstick Market to Reach US$ 12.2 Billion by 2028, Impelled by Increasing Purchasing Power of Working Female Population
Select License Type



Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More