Lip Glosses Market Scope
Lip gloss is mainly used by women in the fashion industries to add subtle color and provide a radiant shine to the lips. It can be easily used daily. Using lip gloss helps keep lips moist and supple. Lip gloss can choose as an alternative to not applying makeup, as the use of beauty products more often makes the skin unkempt and beige. Gives Instant Shine and glam to your lips. Basic lip gloss is a liquid formula and has less staying power than lipstick. will have to keep reapplying the gloss to lips. Color choices run from clear to black. There has been a significant increase in the demand for lip gloss products in the last few years
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Elizabeth Arden (United States), Clinique (United States), L’Oréal (France), Revlon (United States), Vaseline (United States), MAC (United States), SHISEIDO (Japan), Lancome (France), Neutrogena (United States) and CHANEL (France) |
CAGR | 5.7% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lip Glosses market throughout the predicted period.
Elizabeth Arden (United States), Clinique (United States), L’Oréal (France), Revlon (United States), Vaseline (United States), MAC (United States), SHISEIDO (Japan), Lancome (France), Neutrogena (United States) and CHANEL (France) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lip Glosses market by Type and Region with country level break-up.
On the basis of geography, the market of Lip Glosses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2020, Kendo Holdings, Inc., a division of LVMH, launched a vegan lip gloss called KVD Vegan Beauty XO Vinyl Lip Cream and a blush collection named KVD Vegan Beauty Everlasting Blush that includes 6 shades. These products are available on the company’s e-commerce platform Sephora.com and in-store at Sephora.
In May 2022: Thread Beauty Launches Vegan Lip Gloss Collection "Gloss It." The collection comes in five shades and can be used as an eye topper and cheek highlight. Gloss-It Lip Gloss delivers a sheer, high-shine, light-reflecting, glossy pout with a tint of color every single time. Available in five juicy shades, each is packed with lip-nourishing ingredients for a non-sticky pucker.
Influencing Trend:
New Cosmetic Product Development
Market Growth Drivers:
Shifting Focus towards style, fashion, physical appearance among Millennials is one of the major driving factors of growth and Changing lifestyle Standards Fueled by Rising Disposable Income
Challenges:
Availability of low-quality products in the market
Restraints:
Adverse Effect on Lips Glosses
Opportunities:
Growth in the Cosmetic Industry and Growing E-Commerce Industry
Key Target Audience
Manufacturers of Lip Gloss, Raw Material Suppliers of Lip Gloss, Online and Offline Retailers, Traders, Distributors, and Suppliers of Lip Gloss, Government and Regional Agencies and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms and Others