Lip Gloss Market Size, 2019 Trend and Opportunities, PESTEL Analysis, CAGR And Value Chain Study To 2028
In
the realm of cosmetics, the Global Lip Gloss Market, detailed in the TechSci
Research report titled "Industry Insights, Trends, and Opportunities in
the Global Lip Gloss Market 2029," recorded a valuation of USD 3.5
billion in 2023. Forecasts indicate a prospective growth trajectory with a
Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period spanning
2025 to 2029. This dynamic sector within the broader cosmetics industry thrives
on the interplay of ever-evolving consumer preferences, technological
advancements, and societal shifts.
The
ascent of the lip gloss market over the last decade is marked by noteworthy
growth, driven by a confluence of factors such as evolving beauty ideals, the
pervasive influence of social media, and a growing emphasis on individual
expression. Positioned as a distinctive subcategory within lip care products,
lip glosses have captivated a diverse consumer spectrum. This audience ranges
from makeup enthusiasts seeking innovation to casual users in search of
accessible and adaptable cosmetic solutions.
https://www.techsciresearch.com/report/lip-gloss-market/21213.html
The
future of the lip gloss market holds promising prospects as it continues to
thrive and evolve, driven by emerging consumer preferences and ongoing trends.
Several factors are shaping the industry's outlook. Ongoing advancements in
cosmetic formulations are expected to usher in a new era of lip gloss products
with heightened benefits. Formulas that seamlessly blend long-lasting wear,
intense hydration, and innovative textures are anticipated to resonate with
consumers seeking multifunctional and high-performance lip gloss choices. The
integration of cutting-edge technology, including augmented reality (AR) and
artificial intelligence (AI), is set to play a pivotal role in reshaping the
landscape of the lip gloss market. Virtual try-on features, personalized
product recommendations, and interactive online experiences will redefine the
digital shopping journey, offering consumers novel ways to explore and engage
with lip gloss products.
In
the beauty industry, the theme of inclusivity has taken center stage, and the
lip gloss market is embracing this ethos. Acknowledging the diverse beauty
standards and preferences of consumers globally, brands are expanding their
shade ranges to encompass a wide spectrum of skin tones. This shift not only
champions representation but also celebrates the unique beauty of individuals
from diverse ethnic backgrounds. Inclusive shade ranges have emerged as a
crucial distinguishing factor for lip gloss brands, fostering heightened
consumer satisfaction and loyalty.
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The
Global Lip Gloss Market undergoes segmentation encompassing type, category,
distribution channel, regional distribution, and company dynamics.
In
the realm of type classification, lip glosses are differentiated into glossy,
matte, glitter, and other variants. Notably, the matte segment emerged as the
market frontrunner, securing the largest revenue share in 2023. The growth
trajectory in developing economies is propelled by a surge in product launches
by key industry players, strategically targeting a vast and diverse consumer
base.
Regionally,
North America asserts dominance in the lip gloss market due to the sheer number
of companies contributing to its robust presence. Market leaders, recognizing
the fluid nature of consumer demands and preferences, prioritize continuous
product innovation. The industry's growth is further bolstered by escalating
demand from emerging economies. Key market players such as Procter & Gamble
and REVLON play a pivotal role in steering the market towards rapid revenue
expansion.
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Essential Insights: Discover the Key Takeaways for Actionable Information!
·
Lip
Gloss Market is expected to grow at a CAGR of 5.68% during the forecast
period.
·
Lip
Gloss Market has a valuation of US$ 3.71 Billion as of 2022.
·
Europe
currently holds the title of the largest market for Lip Gloss Market.
·
The visual nature of these platforms makes lip
gloss an ideal product for showcasing glossy, luscious lips.
·
In
terms of type, the cages segment claims the top spot in Lip Gloss Market share.
·
When
considering the sales channel, the online retailers segment takes the lead in
market share.
·
Focusing
on the price range, the premium segment secures the highest market share in the
Lip Gloss Market.
Competitive
Landscape:
Global
Lip Gloss market report, Tech Sci Research presents comprehensive market data
and extends the flexibility of customizations tailored to meet the specific
needs of individual companies. The report offers a range of customization
options, allowing companies to refine their insights and analysis based on
their unique requirements. The following customization alternatives are at the
disposal of companies seeking a personalized and nuanced understanding of the
market:
Recent
Developments
In
2021, Maquillage, the makeup brand under the umbrella of Shiseido, introduced
an innovative lip product utilizing new technology. This product boasts a
glossy finish while maintaining transfer resistance, showcasing a breakthrough
in lip care advancements.
Moving
into 2022, Anurag Kedia, the co-founder and CEO of the direct-to-consumer (D2C)
vegan brand Pilgrim, unveiled a squalane lip care range. This launch was part
of Pilgrim's 'Secrets of Seville,' a Spain-inspired collection introduced in
March 2022, highlighting a commitment to vegan and sustainable beauty.
Also
in 2021, Thread Beauty made waves by launching the "Gloss It" Vegan
Lip Gloss Collection. Consisting of five shades, this collection offers
versatility as it can be applied as an eye topper and cheek highlight. The
Gloss-It Lip Gloss promises a sheer, high-shine, light-reflecting effect,
providing a glossy pout with a hint of color on each application. With
lip-nourishing ingredients, the non-sticky formula is available in five
delectable shades to cater to diverse preferences.
Major
companies operating in Global Lip Gloss Market are:
L'Oréal
S.A., LVMH Moët Hennessy, Chanel, Procter & Gamble, Revlon Group, The Estée
Lauder Companies Inc., Coty Inc., Shiseido Company, MAC Cosmetics, ColourPop
Cosmetics
Market
Segmentation for Lip Gloss Market:
·
Lip
Gloss Market, By Type:
o
Glossy
o
Matte
o
Glitter
o
Others
·
Lip
Gloss Market, By Category:
o
Conventional
o Organic
·
Lip
Gloss Market, By Distribution Channel:
o
Supermarkets/
Hypermarkets
o
Convenience
Stores
o
Specialty
Stores
o
Online
o
Others
·
Lip
Gloss Market, By Region:
o North America
§
United
States
§
Canada
§ Mexico
o Europe
§
France
§
United
Kingdom
§
Italy
§
Germany
§ Spain
o Asia-Pacific
§
China
§
India
§
Japan
§
Australia
§ South Korea
o South America
§
Brazil
§
Argentina
§ Colombia
o Middle East & Africa
§
South
Africa
§
Saudi
Arabia
§
UAE
§
Turkey
§ Egypt
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Table
of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the
Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure
Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and
Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation &
Validation
2.7. Assumptions and
Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing
Purchase Decisions
4.3. Challenges Faced
5. Global Lip Gloss Market Outlook
5.1. Market Size &
Forecast
5.1.1. By Value
5.2. Market Share &
Forecast
5.2.1. By Type
Market Share Analysis (Glossy, Matte, Glitter, Others)
5.2.2. By
Category Market Share Analysis (Conventional, Organic)
5.2.3. By
Distribution Channel Market Share Analysis (Supermarkets/ Hypermarkets,
Convenience Stores, Specialty Stores, Online, Others)
5.2.4. By
Regional Market Share Analysis
5.2.4.1. North
America Market Share Analysis
5.2.4.2. South
America Market Share Analysis
5.2.4.3. Middle
East & Africa Market Share Analysis
5.2.4.4. Europe
Market Share Analysis
5.2.4.5. Asia-Pacific
Market Share Analysis
5.2.5. By Top 5
Companies Market Share Analysis, Others (2022)
5.3. Global Lip Gloss Market
Mapping & Opportunity Assessment
5.3.1. By
Type Market Mapping & Opportunity Assessment
5.3.2. By Category Market Mapping
& Opportunity Assessment
5.3.3. By Distribution
Channel Market Mapping & Opportunity Assessment
5.3.4. By Region
Channel Market Mapping & Opportunity Assessment
6. North America Lip Gloss
Market Outlook
6.1. Market Size &
Forecast
6.1.1. By Value
6.2. Market Share &
Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By
Category Market Share Analysis
6.2.3. By
Distribution Channel Market Share Analysis
6.3. North America:
Country Analysis
6.3.1. United
States Lip Gloss Market Outlook
6.3.1.1. Market
Size & Forecast
6.3.1.1.1. By
Value
6.3.1.2. Market
Share & Forecast
6.3.1.2.1. By
Type Market Share
Analysis
6.3.1.2.2. By
Category Market Share Analysis
6.3.1.2.3. By
Distribution Channel Market Share Analysis
6.3.2. Canada
Lip Gloss Market Outlook
6.3.2.1. Market
Size & Forecast
6.3.2.1.1. By
Value
6.3.2.2. Market
Share & Forecast
6.3.2.2.1. By
Type Market Share Analysis
6.3.2.2.2. By
Category Market Share Analysis
6.3.2.2.3. By
Distribution Channel Market Share Analysis
6.3.3. Mexico
Lip Gloss Market Outlook
6.3.3.1. Market
Size & Forecast
6.3.3.1.1. By
Value
6.3.3.2. Market
Share & Forecast
6.3.3.2.1. By
Type Market Share Analysis
6.3.3.2.2. By
Category Market Share Analysis
6.3.3.2.3. By
Distribution Channel Market Share Analysis
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