The lip stain global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lip Stain Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The lip stain market size has grown strongly in recent years. It will grow from $6.50 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to consumer preferences and trends, celebrity endorsements and influencer marketing, rising awareness of cruelty-free and vegan products, globalization and access to international brands, social media influence.
The lip stain market size is expected to see strong growth in the next few years. It will grow to $9.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to environmental sustainability, customization and personalization trends, inclusive beauty standards, health and wellness trends, regulatory compliance and safety. Major trends in the forecast period include technological advancements in formulation, digital marketing and e-commerce growth, product innovation, personalization and customization, inclusivity and diversity.
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Scope Of Lip Stain Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lip Stain Market Overview
Market Drivers –
The increasing awareness of personal grooming is expected to propel the growth of the lip stain market going forward. Personal grooming refers to keeping one’s body clean, maintaining hygiene, having well-groomed nails and hair, avoiding body odor, and dressing appropriately. Personal grooming is increasing due to several factors, including social norm shifts, a growth in awareness of the advantages of skincare products, and the popularity of social media and selfies. Lip stain is used in personal grooming because it provides a convenient, long-lasting, and natural-looking solution for enhancing the lips, contributing to an individual’s overall appearance and self-expression. For instance, in October 2022, a survey of 1000 men and women in the US conducted by the New York Post, a US-based newspaper, about the differences in how both genders take care of their hygiene discovered that while 73% of men and women stated taking care of their hygiene is simple, only one in ten women agreed. The majority of people (90%) favor washing their hands and bodies over brushing their teeth (87%) or using deodorant (84%). Men are more likely to maintain a schedule for trimming their nails (69%) and shaving their faces (74%). In contrast, women are more likely to prioritize bathing their ‘intimate areas’ (85%) and their skincare regimen (84%). Furthermore, in May 2022, according to the International Trade Administration, a US-based intergovernmental organization, In 2021, the Canadian cosmetics business is expected to earn approximately $1.24 billion. Revenue in the industry is expected to grow by 1.45% per year to $1.8 billion by 2024. Thus, the increasing awareness of personal grooming is driving the lip stain market.
Market Trends –
Major companies operating in the lip stain market are focusing on innovative new products, such as desert rose lip and cheek oil stains, to gain a competitive edge in the market. Desert rose lip and cheek oil stain refers to a beauty and multi-use product that can be used as a blush oil and a moisturizing lip color. It is inspired by the desert roses and cactus of the Sonoran desert and is made with a blend of organic cactus oils, including cactus flower and jojoba. For instance, in July 2022, ĀTHR Beauty, a US-based beauty products company, launched a desert rose lip and cheek oil stain. This innovative product is designed to dry down to a buildable stain without the drying side effects of a conventional stain and is made with a blend of organic cactus oils, including cactus flower and jojoba. It also features ethically harvested candelilla wax to soften the lips. Additionally, it is a versatile and nourishing cosmetic product that offers a natural and customizable color for the lips and cheeks.
The lip stain market covered in this report is segmented –
1) By Type: Liquid, Pencil, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
3) By Application: Daily Use, Performing Use
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Regional Insights –
North America was the largest region in the lip stain market in 2023. The regions covered in the lip stain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the lip stain market are LVMH Moët Hennessy Louis Vuitton, L’Oréal Group, Estée Lauder Companies, Chanel Inc., Shiseido Group, Sephora Collection, Neutrogena Corp., Amorepacific Corporation, Avon Products Inc., Maybelline New York , Kosé Corporation, Revlon Inc., Rom&nd Inc., Elf Cosmetics, NYX Professional Makeup Co., Essence Cosmetics Ltd., Urban Decay Cosmetics Co., Charlotte Tilbury Beauty Ltd., Colourpop Cosmetics LLC, CoverGirl , Milani Cosmetics LLC, Glossier Inc., Natasha Denona Makeup LLC , Pat McGrath Labs, Wet’n’Wild Sydney Pty Ltd.
Table of Contents
1. Executive Summary
2. Lip Stain Market Report Structure
3. Lip Stain Market Trends And Strategies
4. Lip Stain Market – Macro Economic Scenario
5. Lip Stain Market Size And Growth
…..
27. Lip Stain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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