The global lipstick market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing urbanization, and trend of picture posting on social networking sites are major factors expected to boost growth of the global lipstick market.
The global lipstick market report has been segmented on the basis of type, form, distribution channel, and region.
On the basis of type, the global lipstick market is segmented into crème, long wear, matte, and shimmer.
On the basis of form, the global lipstick market is segmented into stick and liquid. The stick segment is expected to contribute significant share in terms of revenue in the global market. The liquid segment is estimated to register lucrative CAGR.
On the basis of distribution channel, the global lipstick market is segmented into Ecommerce, multi branded retail stores, and others (supermarkets / hypermarkets, and departmental/grocery stores). The Ecommerce mode of distribution is gaining traction currently as it is an easy option for customers to purchase cosmetics specially people who are busy with work life.
On the basis of region, the global lipstick market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is expected to dominate in the global market, and is projected to maintain its dominance over the forecast period. The global lipstick markets in Europe, Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period. Asia Pacific market is estimated to account for significant revenue share in the global market and is expected to register fastest growth rate in terms of revenue over the forecast period.
Prominent players in the global lipstick market include L’Oréal S.A., Procter & Gamble Co, Shiseido Company, Limited, Avon Products, Inc., Coty, Inc., The Clorox Company, Chanel S.A, Markwins International Corp, Revlon, Inc. Unilever, Oriflame Holding AG, Rohto Pharmaceutical Co., Ltd, and Lotus Herbals Limited.