Lip powder is generally referred to as a type of lipstick or lip colour in a powdered texture. The lip powder products are generally infused with hydrating oils and Vitamin E that offers long lasting and smooth look.
Unlike their traditional counterparts, these do not leave with a clumsy finish and the lip powders are equipped with pigment induced dust that melts into the user’s lips and forms a thin layer of metallic or mate colour post application.
Also, the booming cosmetics sector, increase in female working populace, and rising per capita income of the masses have boosted the market growth over the forecast period.
Additionally, the growing RD investments in the field, escalating demand for organic products, and widespread technological advancements in the field have been creating lucrative opportunities for the market over the forecast period.
Key Market Trends
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the growing willingness of consumers to experiment with new cosmetics products.
The surging appearance consciousness of the masses, prompt evolution in the beauty and fashion industry along with the ability of lip powders to enhance lip texture are adding traction to the overall industry development. While, the rising focus of manufacturers to produce effective and cruelty free products in the field is positively swaying the dynamics of this business sphere.
Also, there has been a steep rise in the number of working women across the globe. This is powered by the growing female literacy rate, surging women empowerment initiatives, and widespread socio-economic developments worldwide and as a result of this, females have become highly appearance consciousness and are investing on a wide range of beauty and fashion based products.
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Segmental analysis of the market
Based on Type
- Lip Powder Palettes
- Lip Powder Pen
The lip powder pen segment is poised to amassed notable gains over the stipulated timeline owing to their easy of application and portable nature.
Based on Distribution
- Online
- Offline
The online segment is slated to generate significant returns by 2030 due to the rising popularity of online shopping platforms due to their advantages such as doorstep delivery and discount offers.
Based on End User
- Under 18 Years Old
- 18-30 Years Old
- 30-45 Years Old
- Above 45 Years Old
North America is anticipated to amplify at a considerable CAGR
The global lip powder market is segmented into 4 main regions namely North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America is anticipated to dominate the market growth over the forecast period. This is because of the increasing number of working women, growing disposable income of the masses, and presence of potential players.
COMEPTITIVE LANDSCAPE
Some of the prominent companies operating in the market are L’Oréal S.A., Maybelline LLC, M•A•C Cosmetics, By Terry, NARS Cosmetics, Stellar Beauty, Urban Decay Cosmetics, NYX PROFESSIONAL MAKEUP, BUXOM Cosmetics, Clinique Laboratories, llc, CLE COSMETICS, Lique Cosmetics, Revlon, Inc., Christian Dior SE, Cult Beauty Ltd., CHANEL Company, Essence Cosmetics, Sephora USA, Inc., Huda Beauty, and Younique, LLC.
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Key Gains for Stakeholders Industry Participants:
The study's coverage of industry drivers, restrictions, and opportunities
neutral view on the state of the market
recent advancements and trends in the industry
Competitive environment and important players' plans
Covered are attractive development locations, potential niche markets, and
Size of the market in terms of value, past, present, and future
Detailed examination of the Lip Powders Market
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