Global Lip Powder Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.6 % from 2018 to 2027. In 2017, the global market valuation was USD 0.45 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. The demand for lip powder is driven by increased demand for bright light weight lip color. Therefore, customers are expected to become increasingly ready to experiment with new beauty products in the near future.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
Therefore, this demographic group dominates the industry worldwide. Women are the principal users of this industry. In recent years, an increased female employee participation rate has greatly boosted demand for luxury personal care products. Independent financial women are spending more on new maquillage goods. Furthermore, in developing countries a fast expanding corporate sector is improving the physical appearance of working women. Many women in the population are actually routinely wearing lipstick. As a result, the market for the drug worldwide is increased.
Social media, like YouTube, have become a major influence to the decision-making process. The rapid increase in the selling of make-up goods across the world has improved the social media platform. Core producers of this industry use this platform to promote their brands, including celebrities, including Facebook, Instagram, Twitter, YouTube and beauty-related blogs. These sites also provide users with free product beauty tutorials. It ties the supplier directly with the customers. The lipstick was popularly searched via Google in 2018, in particular in Taiwan, Indonesia, Hong Kong, Vietnam and Malaysia.
While the liquid and cream form of lip color products dominates the lip color industry, in the near future the powder form is projected to grow considerably. When contrast with the other lip colors, the light and matte finishing properties of the material are helpful. It includes glycerin, cocoa and E, which helps in skin hydration and spreads pigments smoothly through the presence of silica. In fact, its durability is better than traditional lipsticks.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global lip powder market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lip powder market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global lip powder market has been segmented into palette, pen. In 2018, Palette was the market's largest material segment. Palette is a lip kit that contains the same mix of metallic and pigmented ball powder. The baking bath provides the perfect foundation and hydrates the body. In fact, the product is permitted to be tested by customers.
By Distribution Channel Insights: On the basis of distribution channel, global lip powder market has been segmented into offline and online. The offline distribution channel had the biggest share of lip powder in revenue in 2018. Each segment includes mom and pop shops, drug shops, pharmacies, supermarkets, direct sales and product stores. The largest direct distributor of personal care products worldwide is Avon Goods, Inc.
Regular production of cosmetic products has increased considerably over the last few years. The most popular beauty products purchased in the last few years are makeup, face powder, synthetic nails, lipstick and lip-gloss.
The lip powder market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
As of 2018, the Asia Pacific industry dominated by 30.7% of total revenue. China, Japan, South Korea, Indonesia, the Philippines, Singapore and Malaysia are among the major markets in this area. In South Korea, the service was innovated. In this area, increased expenditure on luxury maquillage items and increased revenue per capita drive industry. In these nations, social media have also greatly affected market growth. Consumers in Indonesia, Philippines, Singapore and Malaysia have more than any other country in the world searched for the service on Google.
Global Lip Powder Market Size, Share Analysis by Region 2018
North America will be rising in a fast CAGR during the forecast period. The growth of this industry is expected to drive rising product per capita spending in this area. In addition, a significant driving factor for the regional market will still be increased quality and affordability of make-up products. In 2018, the US-based beauty company Urban Decay launched Lip Mousses, a collection of lip powder pallets.
Global Lip Powder Market Study Objective
To forecast the market size of lip powder market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of lip powder market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of lip powder market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of lip powder market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the lip powder market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
L'Oréal S.A., The Estée Lauder Companies Inc., BY TERRY, Shiseido Company, Stellar Beauty, Urban Decay, CLE COSMETICS, Revlon, Inc., CHANEL International B.V., and Sephora USA, Inc. are some of the key players in the market of lip powder. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Lip Powder Market Study Report Offer You!
The global lip powder market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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