Market Research Industry Today
Lipstick Market will reach 12300 million US$ by the end of 2025
Lipstick is a cosmetic product containing pigments, oils, waxes, and emollients that apply color, texture, and protection to the lips. Many colors and types of lipstick exist. As with most other types of makeup, lipstick is typically, but not exclusively, which worn by women. The use of lipstick dates back to medieval times.
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The global lipstick market is highly fragmented due to the presence of key and private providers. Celebrity endorsements and fashion shows are the key techniques used by manufacturers to showcase new trends in lipstick. The market is expected to be more competitive during the forecast period, with multiple product launches and a rise in mergers among many key companies. Global leading players in this market are L’Oreal Group, PG, Estee Lauder, Relvon, LVMH, Chanel and some others.
Due to the higher price and gross margin of high-end products compared with the low-end products, in the next few years, companies will invest much more on R&D and transfer to high-end product field. In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more players will go into this industry.
The global Lipstick market is valued at 6600 million US$ in 2017 and will reach 12300 million US$ by the end of 2025, growing at a CAGR of 8.1% during 2018-2025.
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