In the realm of cosmetics, the Global Lip Gloss Market, detailed in the TechSci Research report titled “Lip Gloss Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Glossy, Matte, Glitter, Others), By Category (Conventional, Organic), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028″,” recorded a valuation of USD 3.5 billion in 2022. Forecasts indicate a prospective growth trajectory with a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period spanning 2024 to 2028. 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.
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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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- Lip Gloss Marketis expected to grow at a CAGR of 5.68% during the forecast period.
- Lip Gloss Markethas 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
- 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
- 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
- Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
- Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decisions
4.3. Challenges Faced
- 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
- 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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