DUBLIN--(BUSINESS WIRE)--The "Lipstick Market by Product Type, by Color, by Applicator, by Gender, by Age, by Distribution Channel, by Geography Global Market Size, Share, Development, Growth and Demand Forecast, 2014-2024" report has been added to ResearchAndMarkets.com's offering.
According to this research, the lipstick market is expected to generate a revenue of $13.4 billion by 2024 and is predicted to progress at a CAGR of 6.6% during the forecast period (2019-2024).
The factors responsible for the growth of the market are the increasing number of working women and rising usage of e-commerce beauty websites around the world.
On the basis of product type, the market is categorized into shimmer/pear/frost, glossy, matte, metallic, satin/sheer, luminous, creme, and natural. Out of these, the satin/sheer category held the largest revenue share in the market in 2018 and is anticipated to continue dominating the market during the forecast period. However, the matte lipsticks category is predicted to witness the fastest CAGR during the 2019-2024 period, owing to the increasing preference for it by users because of the availability of various color shades in the market.
Further, based on distribution channel, the lipstick market is classified into supermarket/hypermarkets, cosmetic stores, departmental stores, parlors, online, and grocery shops. Among these, in 2018, the departmental stores category held nearly 25% revenue share in the market and is predicted to maintain its position during the forecast period. However, the online category is expected to witness the fastest growth during 2019-2024 period. The reason behind the rapid growth of online distribution channels is the rising preference of working women for online shopping.
Now, on the basis of region, the lipstick market is divided into Asia-Pacific (APAC), Europe, North America, Middle East and Africa (MEA), and Latin America (LATAM). Out of these, in 2018, Europe held the largest revenue share in the market. However, the APAC division is predicted to record the fastest CAGR during the forecast period, owing to the surging social media influence and rising financial independence of females in the region.
One of the major factors behind the growth of the lipstick market is the increasing number of working women. The maximum share of lipstick was held by women in the 20-40 age group. The changing lifestyle and rising consciousness for appearance are escalating the demand for lipsticks. Furthermore, in 2017, the female population in the 15-64 age group reached 2.42 billion as compared to 2.3 billion in 2012, with 53.8% labor force participation rate in 2017. Due to the increasing number of working women, the demand for cosmetic products, especially lipsticks, is expected to rise. Hence, the surging women workforce is predicted to propel the market in the forecast period.
The competition in the lipstick market is moderate. The major players operating in the market include Shiseido Company Limited, L'Oreal, Revlon, Coty, Amorepacific Corporation, Avon Products, Christian Dior, Oriflame Holding, The Estee Lauder Companies, and Inglot. Partnerships and facility expansion by many of these manufacturers are also playing an important role in the growth of the market.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product Type
1.3.2 Market Segmentation by Color
1.3.3 Market Segmentation by Applicator
1.3.4 Market Segmentation by Gender
1.3.5 Market Segmentation by Age
1.3.6 Market Segmentation by Distribution Channel
1.3.7 Market Segmentation by Geography
1.3.8 Analysis Period
1.3.9 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
184.108.40.206 By region
220.127.116.11 By industry participant
18.104.22.168 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product Type
4.1.2 By Color
4.1.3 By Applicator
22.214.171.124 Lipstick cream
126.96.36.199 Lipstick pencil
188.8.131.52 Lipstick tube/stick
184.108.40.206 Liquid lipstick
220.127.116.11 Lipstick palette
4.1.4 By Gender
4.1.5 By Age
18.104.22.168 Under 20
22.214.171.124 Over 50
4.1.6 By Distribution Channel
126.96.36.199 Cosmetic stores
188.8.131.52 Convenience stores
184.108.40.206 Department stores
4.2 Value Chain Analysis
4.3 Market Dynamics
220.127.116.11 Preference toward organic and natural lipsticks
18.104.22.168 Growing use of lip powder
22.214.171.124 Inclination toward nude color lipsticks
126.96.36.199 Rising number of working women population
188.8.131.52 Inclination toward e-commerce beauty websites
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Use of harmful ingredients
18.104.22.168 Impact analysis of restraints on market forecast
22.214.171.124 Augmented reality (AR) in beauty products
126.96.36.199 Inclination toward social media marketing
188.8.131.52 Use of 3D printing in formulation of lipsticks
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Product type
5.2 By Color
5.3 By Applicator
5.4 By Gender
5.5 By Age
5.6 By Distribution Channel
5.7 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. Latin America Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Key Players
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activities of Major Players
11.5 Global Strategic Developments of Key Players
11.5.1 Mergers and Acquisitions
11.5.2 Product Launches
11.5.4 Facility Expansions
Chapter 12. Company Profiles
12.1 L'Oreal S.A.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.1.4 SWOT Analysis
12.2 Shiseido Company Limited
12.3 Revlon Inc.
12.4 Avon Products Inc.
12.5 Oriflame Holding AG
12.6 Coty Inc.
12.7 Amorepacific Corporation
12.8 The Estee Lauder Companies Inc.
12.9 Christian Dior SE
12.10 Inglot Sp. Z. O. O.
Chapter 13. Key Strategic Recommendations
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